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January 26, 2023

Hello, Insiders. Welcome back to real-estate week. We’ve been looking at homebuying in the remote-work era, from what’s going on in Florida to the rise of Zoomtowns. And today, I want to turn to something our team covers a lot: real-estate investing.

Interest rates shot through the roof last year, and mortgage rates followed. So does that mean all the hacks, tips, and ways people were apparently getting ahead in real-estate investing are busted in this environment?

Here’s what we know. People are turning more skittish on real estate. Home flippers are feeling the pain. Airbnb hosts are worried about an “Airbnbust,” with more competition than ever. It's getting harder to own or manage a short-term vacation rental in places like Aspen and Montréal. And Goldman Sachs predicts home prices are about to plummet. So, it’s rough out there. Do you have a short-term rental property? We’d love to hear from you: insidertoday@insider.com.

— Nicholas Carlson

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The latest

A 45-year-old biotech CEO may have reduced his biological age by at least five years, per a report. Get the full story.
The US deployed MQ-9 Reaper drones to Greece as tensions rise in another corner of Europe. More here.
You may have less than 10 weeks left to share your Netflix login with your mom, brother, or anyone else outside your home. At least, for free. What to know.

The big story

Getty Images; iStock; Alyssa Powell/Insider

So many people believe in conspiracy theories — and science may finally know why.

When it comes to the spread of conspiracy theories, Twitter was a maximum viable product long before Elon Musk. But as soon as he took the wheel, Musk removed many of the guardrails Twitter had in place — and conspiratorial ideation spread far and wide.

Anti-vaxxers used an athlete's collapse during a game to revive claims that COVID-19 vaccines kill people. (They don't.) Freelance journalists spun long threads purporting to show that Twitter secretly supported Democrats in 2020. (It didn't.) Musk himself insinuated that the attack on Nancy Pelosi's husband was carried out by a jealous boyfriend. (Nope.)

By some measures more than half of Americans believe at least one tale of a secret cabal influencing events, Insider’s senior correspondent Adam Rogers notes. Why does anyone fall for stuff like that?

New research suggests it isn't because of ignorance or social isolation — but instead comes down to a far more prevalent and pesky personality quirk.

READ THE FULL STORY HERE

Top reads

FABRICE COFFRINI/Contributor/Getty Images

Our biggest takeaways from Davos. Insider’s Matt Turner and Cadie Thompson journeyed to the Swiss Alps this month to attend the annual World Economic Forum. What’s on the mind of the business elite.
ChatGPT’s worst-case scenario is “lights out for all of us.” That’s coming directly from Sam Altman, the CEO of OpenAI, which is behind the popular AI chatbot. Why abusing AI is something to worry about.
10 fast-growing, six-figure jobs. The job site Indeed recently published its list of the "Best Jobs of 2023." It selected the jobs based on three core factors: “opportunity, high salary, and flexibility." See the full list here.
Elon Musk praised a “Rick and Morty” co-creator who was charged with domestic abuse. Musk described Justin Roiland, who is facing charges over a 2020 allegation, as the "heart of the show." Find out more.
Ukraine is getting tanks; now it wants fighter jets. Now that Ukraine is finally getting its hands on Leopard 2 tanks from Germany, it’s turning its attention to the next big thing on its wish list: fighter jets. Read more.
Rural China is running out of coffins as COVID-19 cases surge. The rapid spread of the coronavirus has also led to skyrocketing funeral costs, per a report. One villager told the BBC that workers in the funeral industry were "earning a small fortune." More here.
The Mississippi River drought crisis may be over. The crisis that left barges stranded and unearthed artifacts could be coming to an end, with the US Army Corps of Engineers having dredged the river 24/7 since July. Read the full story.

Take a look

Dominick Reuter/Insider

Inside retail’s $95 billion problem. Insider visited Walmart, Target, Lowe's, and Home Depot to check out the retailers' anti-theft measures. The stores were full of spider wraps, surveillance cameras, and items under lock and key. See inside.

Watch this

How do you feed 100,000 people a day at the Golden Temple in India? How about feeding 75,000 kids daily — from a single kitchen? Insider traveled the globe to learn more about what it takes to make the biggest batches of food in the world.

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This edition was curated by Nicholas Carlson and edited by Hallam Bullock, Lisa Ryan, Dave Smith, Nathan Rennolds, Kevin Kaplan, and Shona Ghosh. Get in touch: insidertoday@insider.com.

Key phrases

annual World Economic Forum shortterm vacation rental shortterm rental property maximum viable product pesky personality quirk three core factors FABRICE COFFRINIContributorGetty Images next big thing US Army Corps Salary DatabaseBuild bett popular AI chatbot retailers antitheft measures biggest Davos takeaways

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