I suspect that a lot of people jumped on the airbnb hype train and thought they could be a landlord of multiple properties and probably got leveraged.
Now they're in trouble as their income dries up.
Now they're in trouble as their income dries up.
Good.
It's a watered down version of the same schadenfreude people felt when the guys that hoarded warehouses full of N95 masks got burned. They made a large investment and took a risk, but their speculation was at the expense of the wider community, so they shouldn't be surprised when the community had no pity on them when their investment didn't work out.
https://www.wsj.com/articles/a-bargain-with-the-devilbill-co...
> Airbnb has created a mechanism in which you can....donate money to landlords....many of whom have overextended themselves by leveraging multiple properties
It’s a big leap to make but I can see how that would influence their theory.