More young Americans are getting into home ownership by changing the locks on Airbnb
SAN FRANCISCO—According to a new report released Friday by the National Association of Realtors, more young American adults are becoming homeowners by renting a house or apartment on Airbnb and then changing the locks. “Although millennials had to endure the Great Recession and are now facing soaring housing costs, many have found they can still own their own home by booking temporary accommodation online and then hiring a locksmith who ask no questions,” the real estate said. broker Betty Rapien, describing how the generation now in their late 20s and 30s are forgoing traditional pathways to homeownership and taking the more modern approach of moving all their stuff to an Airbnb and simply ignoring anyone knocks on the door asking him to leave. “Even though prices are high and mortgage rates are rising, young adults are discovering that with just a little planning and ingenuity, they can save enough money to cover a night in a vacation rental plus the 300 approximately $ needed to re-key the doors to their new home. Considering how many beautiful homes on Vrbo and Airbnb can be accessed for as little as $150, it’s definitely a taker’s market right now. Rapien, 35, added that once she pays off her student loans, she hopes to raise the $700 herself to move her family to a Victorian townhouse in San Francisco’s Mission district.