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In my area, friend groups are organizing into LLPs and buying up houses for investments. Individual people home shopping have to deal with this kind of competit
by UberFly 4y ago
In my area, friend groups are organizing into LLPs and buying up houses for investments. Individual people home shopping have to deal with this kind of competition. Houses are bid out of their price range and become airbnbs.
- yawnr 4y agoYep. Why live in a house when you can charge someone $1200/nt to stay there and a $600 cleaning fee? (Basically every house that can sleep more than 6 people in the northeast)
- cloverich 4y agoYet I've seen many reports[1] of occupancy rates dropping precipitously, despite increasing users, because of increased competition. [1]: https://time.com/6223185/airbnbs-empty-short-term-rentals/ https://time.com/6223185/airbnbs-empty-short-term-rentals/