<story><title>Airbnb’s loss nearly doubles in fourth quarter, before virus</title><url>https://www.bloomberg.com/news/articles/2020-03-12/airbnb-s-loss-nearly-doubles-in-fourth-quarter-before-virus-hit</url></story><parent_chain><item><author>3pt14159</author><text>I have a friend who got into hosting AirBnbs pretty early. Bought a 4 unit place in a rough part of Toronto that was still pretty close to downtown and lived in one of the units while he AirBnbed out the other three. Occasionally he&amp;#x27;d go on a trip and AirBnb out his own unit.&lt;p&gt;It was enough money for him to cover his mortgage and not have to work if he watched his spending. He&amp;#x27;s bleeding money now and it started about two months ago. This virus is going to hammer leveraged AirBnb hosts for a while and I think we&amp;#x27;ll start to see a wave of AirBnb bankruptcies.</text></item></parent_chain><comment><author>fbonetti</author><text>That’s basically what I’m doing, except with a 3 unit building in Michigan. In an average month, the two AirBnB units bring in 3-4x the mortgage in revenue. Not enough to retire of course, but it’s a nice side hustle.&lt;p&gt;That being said, our bookings been hit pretty hard by the coronavirus. We’ve hade multiple cancellations recently, and the month of April is basically wide open. We usually have an occupancy rate for 85%. I think we’ll be lucky to have 50% of the next couple months.</text></comment>
<story><title>Airbnb’s loss nearly doubles in fourth quarter, before virus</title><url>https://www.bloomberg.com/news/articles/2020-03-12/airbnb-s-loss-nearly-doubles-in-fourth-quarter-before-virus-hit</url></story><parent_chain><item><author>3pt14159</author><text>I have a friend who got into hosting AirBnbs pretty early. Bought a 4 unit place in a rough part of Toronto that was still pretty close to downtown and lived in one of the units while he AirBnbed out the other three. Occasionally he&amp;#x27;d go on a trip and AirBnb out his own unit.&lt;p&gt;It was enough money for him to cover his mortgage and not have to work if he watched his spending. He&amp;#x27;s bleeding money now and it started about two months ago. This virus is going to hammer leveraged AirBnb hosts for a while and I think we&amp;#x27;ll start to see a wave of AirBnb bankruptcies.</text></item></parent_chain><comment><author>cvhashim</author><text>Same person ? &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;twitter.com&amp;#x2F;mattlundy33&amp;#x2F;status&amp;#x2F;1237772778465636352?s=20&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;twitter.com&amp;#x2F;mattlundy33&amp;#x2F;status&amp;#x2F;1237772778465636352?s...&lt;/a&gt;</text></comment>