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Another (better?) target should be homes used for short term let - i.e AirBnB etc. Homes have such extreme valuations because of the underlying cash flow (or '
by somewhereoutth 2y ago
Another (better?) target should be homes used for short term let - i.e AirBnB etc.
Homes have such extreme valuations because of the underlying cash flow (or 'rent' in its most abstract sense). Without tourists willing to pay many multiples of what they'd pay at home for accommodation, that cash flow wouldn't be there.
- icegreentea2 2y agoThe article says they are also targeting tourist rentals.