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I grew up there and my dad owns a real estate brokerage. I can confirm that this is pretty common, and it's a great example of Airbnb making a market that has e
by the_watcher 8y ago
I grew up there and my dad owns a real estate brokerage. I can confirm that this is pretty common, and it's a great example of Airbnb making a market that has existed longer than I've been alive (vacation rentals in a resort city) orders of magnitude more accessible to the average person. I've seriously considered (to the point of starting to model it) buying something that can credibly be called "walking distance" to the Coachella venue and seeing how much of the of the mortgage in that month (two Coachellas + Stagecoach) + the tennis tournament in March.
- dawhizkid 8y agoWow, didn't realize how inexpensive homes are there (vs LA, SF at least. I see 2 bedroom/2 baths for under $200k..tempting!
- niij 8y agoCompared to some of the most expensive housing in the USA? I'd bet more 2bd 2ba homes are sold <200k in the USA than the other way around by a long shot.
- the_watcher 8y agoThe difference is that Palm Springs is a resort city with something like 150 golf courses, is 2 hours from LA, 2.5 hours from San Diego, 1.5 hours from Orange County, and even has Big Bear ~1.5 hours away if you like to ski in the winter without having to make a weekend trip (it's not great snow, but it is a mountain).
- the_watcher 8y agoIt's true, you get a phenomenal home that's essentially part of a giant resort for much lower than LA (and you're only 2 hours from LA, 2.5 from San Diego, and 1.5 from Orange County). Yes, the summer is awful, but if you like golf or tennis and can work remotely, you can always leave for the summer. I'd be happy to put you in touch with my dad if you're actually interested (no pressure if you prefer to avoid an agent right now or have someone you already work with though).