Part 5/10:
What does this influx of inventory mean for the overall housing market? With numerous short-term rental properties failing, many are forced back into the hands of banks, creating a wave of foreclosures. When properties that were once rented out as Airbnbs are liquidated at lower prices, they drop the overall property values in their neighborhoods. In this scenario, existing homeowners risk finding themselves upside down on their mortgages, as the value of their homes reinvents itself downward due to an influx of distressed properties.