There continues a steady beat calling for the undoing of the U.S. housing bubble and the undoing of short-term rental marketplace Airbnb (NASDAQ: ABNB) as a result. Indeed, as interest rates have risen over the last two years, pricing many would-be homebuyers out of the market, Airbnb stock has exhibited some wild volatility.

Despite some distressing developments in the U.S. housing market, though, Airbnb's business has actually been quite resilient. Unfortunately, a possible "pop" of the housing bubble isn't quite as simple as some claim it will be.

First, let's consider how Airbnb (and most of its peers like Booking Holdings) make money. Hint: It isn't from home prices, at least not directly.

Continue reading

Source Fool.com