Coronavirus pandemic leads to cratering of Airbnb bookings, setting U.S. up for another housing bust like the "Great Recession"
May 3rd 2020 12:30pm EDT
(Natural News) The development of the Airbnb concept was touted as the next wave in the hospitality industry, driven by a Silicon Valley-powered network and good old-fashioned principles of capitalism. Would-be entrepreneurs borrowed money to buy new properties they could ‘rent out’ as the virtual bed-and-breakfast idea took flight. “At first it works. Your properties… […]
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