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Bryson
Rocket Surgeon
 
Join Date: Feb 2005
Location: The Canadark
 
2022-04-19, 08:47

Quote:
Originally Posted by kieran View Post
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.
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.
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