Quote:
Originally Posted by kieran
That income stream is also what helped us to put in an offer on another house today, so I'm definitely excited about the whole thing.
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I'm not trying to be "that guy" here, and I'm sure you have no intention of causing harm here Kieran, but: this trend, whereby you buy a property, AirBnB it, and then use the income to buy another one and so on is at least partially responsible for why the housing market is so insane, especially for first-time buyers who just need somewhere to live. It lowers housing stock, and drives up the price of remaining stock. I'm hopeful that it will become unsustainable. I think AirBnB prices have way exceeded "real" hotel prices now and the demand will drop. Again, I don't think you are personally a bad person, but I think the
practice on aggregate, is a very bad thing for society.