Quote:
Originally Posted by ASAP
The problem with this is once you have the wealthy buying up 2nd and 3rd homes... which is why with every property you buy, your rate should go up progressively... it truly isn't that difficult. Otherwise you are just feeding a pointless asset bubble...
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I'm interested to see what happens with the flood of recent short term rental owners and what happens to all of those properties: with more neighborhoods putting limits on STRs, saturation of the STR market in popular locations, etc., I suspect that we may see some upcoming forced selling of these properties
(I'm looking at you, Lake Tahoe market....)