Reply to Not having a second / vacation home makes me feel poor & depressed. Anyone else?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Not sure why pp decided to dig up a three year old thread, but the difference in attitude between May 2020 (from the throes of the covid lock down) and now is pretty dramatic.  From the peak of the pandemic, the second home market still has a long way to fall, IMO.

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It's fascinating to read all the dunces chastising people for owning second homes. How stupid to lock in historic low 2% on a $700k vacation home now worth $1.7mn a few years later. Pissing away your money making the mortgage payments for airbnb and vrbo hosts is far smarter. :roll: [/quote]

Are you still living in 2021? The short term rental market is saturated with the homes of people who bought second homes during Covid and now have to be back in the office. I’ve been watching several resort area markets and houses are sitting, even with price drops. It’s going to be interesting when all the people who bought investment properties on the basis of the rental history during Covid have to start making the payments on the mortgage out of pocket & decide they need to sell. [/quote]

You’re watching all right. On the sidelines. Armchair expert.  :roll: [/quote]

I’ll just leave these here:

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

Non-paywall version: 
https://www.mansionglobal.com/articles/the-housing-slowdown-is-wreaking-havoc-on-the-short-term-rental-market-01670527531

https://www.fairviewlending.com/what-happens-to-nightly-rentals-as-real-estate-market-turns/

https://www.biggerpockets.com/blog/airbnbust-why-it-may-be-time-to-rethink-short-term-rentals

https://time.com/6223185/airbnbs-empty-short-term-rentals/

And many more, should you care to look at what “experts” are saying.

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