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If the property is more valuable there is no bubble. I do agree some lenders might get this wrong, but an overall increase is pretty reasonable I think.

Counting it as just straight up income is not correct, though, given that AirBNB is essentially the hospitality business, which is highly cyclical. The first thing people cut back on is traveling, and hotels are not afraid to race to the bottom to fill rooms.

> The fact that there are now housing lenders who use projected AirBNB revenues in determining creditworthiness is worrying.

Do you have a source for this?

A startup doing this: https://www.nytimes.com/2017/09/18/your-money/mortgages/loft...

And now apparently Fannie Mae is moving into this space: https://www.wsj.com/articles/gig-economy-grows-up-as-lenders...

The irony.

https://www.prnewswire.com/news-releases/quicken-loans-ameri...

Politicians generally appreciate housing price increases. Homeowners are a key voting demographic.