The Prof G Pod with Scott Galloway
Airbnb’s Role in America’s Housing Crisis, How To Be a Successful Entrepreneur, and Spending Money in Your Twenties
Wed, 18 Dec 2024
Scott discusses the impact of home-sharing companies, including Airbnb and Vrbo, on the housing affordability crisis. He then gives advice to entrepreneurs and wraps up with his thoughts on how to balance being frugal while also enjoying life in your 20s. Music: https://www.davidcuttermusic.com / @dcuttermusic Subscribe to No Mercy / No Malice Buy "The Algebra of Wealth," out now. Follow the podcast across socials @profgpod: Instagram Threads X Reddit Learn more about your ad choices. Visit podcastchoices.com/adchoices
Full Episode
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What's up, y'all? It's Kenny Beecham. We are currently watching the best playoff basketball since I can't even remember when. This is what we've been waiting for all season long. And on my show, Small Ball, I'll be breaking down the series matchups, major performances, in-game coaching decisions, and game strategy and so much more for the most exciting time of the NBA calendar.
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Welcome to the PropG Pod's Office Hours. This is the part of the show where we answer questions about business, big tech, entrepreneurship, and whatever else is on your mind. If you'd like to submit a question, please email a voice recording to officehours at propgmedia.com. Again, that's officehours at propgmedia.com. Question number one.
Hi, Prof. A few weeks back, you discussed the housing crisis facing this country. You discussed a number of factors, but I did not hear you mention the impact of the sharing economy, such as Airbnb and VRBO.
I live in Nashville, Tennessee, which has seen a confluence of two events, a post-pandemic or post-COVID population rise from residents of high tax states such as New York and California moving to a very low tax state here in Tennessee. And additionally, we've also risen as a very popular vacation destination. Both of these have contributed to our building boom, which we're seeing here.
We have a number of apartments and a number of housing units being built, but many of those are built and owned for the sole purpose of being short-term rentals. As a result, we have seen our housing prices soar. What impact are you seeing the home-sharing economy have on the rest of the country? Is it similar to what we're seeing here in Tennessee, or are we just an anomaly?
Thanks so much for your show. Always appreciate it.
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