> Tangentially related, I talked to a friend who works on geospatial data for one of the big vacation rental companies, and he was remarking how many homes in many desirable areas are now rentals. It's not that uncommon to see nearly entire neighborhoods converted to short term rentals now in some areas where they're still legal. Hearing that really depressed me.
Adding to your data points: this is happening in some CA beach communities. Many beachfront homes in Huntington Beach and Newport Beach have been turned into AirBnBs that seem to cater to social media influencers desperate for instagram-able pics.
Some more anecdotal data: I know a couple of people who are professional AirBnB hosts and they're constantly in the market buying real estate to turn them into rentals. They buy cash in the cities I mentioned above, as well as San Diego, Las Vegas, Los Angeles, NYC, Brooklyn, Nashville, Austin, and others. This is a lucrative business, at least for the time being.
Adding to your data points: this is happening in some CA beach communities. Many beachfront homes in Huntington Beach and Newport Beach have been turned into AirBnBs that seem to cater to social media influencers desperate for instagram-able pics.
Some more anecdotal data: I know a couple of people who are professional AirBnB hosts and they're constantly in the market buying real estate to turn them into rentals. They buy cash in the cities I mentioned above, as well as San Diego, Las Vegas, Los Angeles, NYC, Brooklyn, Nashville, Austin, and others. This is a lucrative business, at least for the time being.