> Tons of property is locked up as short term vacation rentals You might not want to dig too closely into who exactly owns all these short term vacation rental

> Tons of property is locked up as short term vacation rentals You might not want to dig too closely into who exactly owns all these short term vacation rentals. There's a non-trivial number of people who aren't conventionally what we picture as being "wealthy" who own a lot of them. It was a very popular Covid-era life hack to buy a house at an absurdly low interest rate and rent it out. And that's not getting into people who just managed to buy a house at the right time. For example, I'm just a software engineer in a MCOL area but I bought my first house in the early 2000s and paid it off a little under 20 years later. I sold to fund the next house, but I could've easily bought something more modest and rented the old one out. This is not an uncommon occurrence. > that are only used a tiny percent of the time and only by the rich. There's a spectrum of how rich but we know the bottom 50% almost never use them for example Are you under the impression that you have to be fabulously wealthy to rent an AirBNB for the weekend?