Economy

In early 2021, went on to buy 2 more houses in my city over a period of 9 months. Paid cash for them all and converted them all into full time Airbnb’s.

So this is an example of three single family houses- priced lower because they all needed some work- that have been removed from availability for families just starting out to live in and converted into commercialized short term rentals to make wealthy owners even wealthier.

There are many investors in my city doing the same thing. There’s virtually zero stock of affordable housing here now and what comes on the market is immediately snapped up by investors with all cash offers who wave inspections and any contingencies. Normal people can’t compete. We do have LOTS of commercialized short term rentals here now though. In some neighborhoods in my city, just about every other house is a commercialized short term rental.