GreatStateOfSadness t1_jdfpefq wrote
> As the market normalizes, some short-term-rental hosts are coming to grips with the fact that the banner days of 2021 are long gone.
We're a year past 2021 and people are acting like Airbnb's are now a thing of the past?
Not to mention the article burying the lede on why occupancy is falling: new rentals coming online are outstripping increased demand. So if demand doubles and the number of available Airbnb's triple, then it's still booked as an increase in vacancies according to this article. I have many, many issues with Airbnb, but it's continuing to make record profits with no end in sight.
Thetimidherd t1_jdgjg26 wrote
That’s an interesting point. Low interest rates probably made any kind of investment property well within reach for anybody looking to capitalize. It wouldn’t bother me if a few people overestimated the paycheck they imagined.
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