Airbnb Bubble

A few years ago, the math seemed foolproof: buy or rent a 1-bedroom apartment in Kilimani, furnish it nicely, list it on Airbnb, and watch the daily rates crush standard monthly rental yields. Today, social media groups are full of frustrated hosts asking, "Where did the bookings go?" Is the short-term rental bubble bursting? Not exactly—but it is maturing, and the easy money is gone. The Market...