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[quote=Anonymous]This article reminded me of this thread. AirBnB says bookings are up, but the bottom line is that supply is up more.

https://www.wsj.com/articles/the-housing-slowdown-is-wreaking-havoc-on-the-short-term-rental-market-11670518837?mod=hp_lead_pos12

“I’ve felt a massive drop,” says Ms. Must, who in the height of the pandemic could command more than $1,000 per night on a holiday weekend but now has her rates starting around $275 on Airbnb. “I am so beyond stressed by it.”

Vacation-rental owners across the U.S. have taken to social media, from Facebook to Twitter to Reddit, to lament that their bookings have come to a screeching halt, punctuating their disquietude with #Airbnbust, a hashtag that went viral this fall.

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The supply increase has multiple causes. Taylor Marr, an economist at real-estate brokerage firm Redfin, notes that during the pandemic, demand for second homes pretty much doubled. But, Mr. Marr says, “as the overall housing market has started to cool because of the economy tightening up, that has impacted sellers who would list their houses for sale. To hold on to their low interest rates, they are saying, ‘Why not rent the house?’ ”

There are also second-home owners who bought properties before the pandemic who have decided that now is the time to enter the vacation rental pool. “We hear these stories every single day,” says Brian Egan, co-founder and CEO of Evolve, a vacation-rental management and hospitality company. “All this inventory that has been sitting there is being brought into the short-term rental market now.”

Mr. Egan believes it is a combination of people whose finances are strained by inflation seeing where they can create income and people not wanting their properties to sit empty because it feels wasteful.
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