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Funny, the article is full of anecdotes, all with different opinions on why the market is slumping. The takeaway is that the market CHANGES, which means anyone

Funny, the article is full of anecdotes, all with different opinions on why the market is slumping. The takeaway is that the market CHANGES, which means anyone in the Airbnb business needs to have the same values as any business. It's not easy money for the wealthy, to solely buy a property and let it crank out cash. There was a quote in the article that reflects this "easy money" mentality.

miguelazo 3y ago
> vacation rental tax revenue for the city government was down about 11% so far in the 2022-2023 fiscal year compared to the prior one >The tax receipts since then, however, have not supported that optimistic outlook: May revenues were down by about 18% from May 2022 Those are not anecdotes, and appear very early on in the article.