You're right. I wasn't planning on buying any for right now . I guess question 2 is what I was more interested in . "Why" will it be okay long term?
You know there's a certain irony, that I think keeps getting lost out of the conversation of AirBNB. Prior to the pandemic, a lot of cities where about come down heavy on AIRBNB with a new set of taxes and regulation.
Due to COVID and the need to socially distance, they've laxed that conversation. So moving forward, I can't really say where local and city governments will stand in regard to regulation.
But there's a case to be made that they AirBNB has a fair and just place in society.
With that said, there's still demand for it. Millennials and Gen Z, prefer airbnb & uber over hotels and taxi. As well as the easy mobile access through using a smart phone.
There's no competitor even coming close to AirBNB regarding name recognition.
ABNB i'd consider an exception, it's priced high right now, but coming out of this pandemic will only push it up. the biggest pullback i see for it is when employees get unleashed from their lockup period, you'll see them and institutions selloff, but retail, and institutions buying back in, will pick it right back up.
i actually think it's ok to start a position now, and then look at sentiment over the next 6 months + monitor price after the lockup period. in short, they're a quintessential DCA play for a LT hold.
Yeah I mean, realistically the only point I'm trying make to let it cool off for a few months.
For a better price, but in the long run it'll definitely trade over its current marketprice.