Gen Z has turned subletting properties through Airbnb into a side hustle, often without actually owning the properties themselves. Some online are calling this trend “Airbnb arbitrage,” where mostly young people are leasing properties through the platform and then subletting them at much higher prices. (Which is, in fact, legal.) And this practice has become not just a side gig, but a full-time business, resulting in substantial extra income each month without owning any property. Some have become so committed that they offer classes and courses to teach others how to do it, essentially turning one side hustle into another. However, a significant concern on social media is that Airbnb rentals, like these, are reducing the availability of long-term housing and could be a factor in rising rents. (Business Insider, Vice)
📊 YPulse data: 48% of 18-39-year-olds rent their home
