Re:Redfin: Vacation real-estate ‘toast’ as Airbnb owners rus...
by gruez on Monday May 11, 2020 @11:00AM
(#23142860)
>Me and a few friends were hoping to see a significant drop in home prices due to AirBnB landlords being forced the liquidate under financial duress.
>Alas, the price barely moved in my area, much to my surprise and frustration.
I suspect it's because foreclosure take a few months to do, and are probably suspended right now due to the lockdown, so those distressed houses haven't translated into supply yet.
Re:Redfin: Vacation real-estate ‘toast’ as Airbnb owners rus...
by ashtonkem on Monday May 11, 2020 @11:05AM
(#23142914)
That’s a great point, but I was mentally assuming that more AirBnB hosts would liquidate before that since they don’t actually live in their properties.
>Alas, the price barely moved in my area, much to my surprise and frustration.
I suspect it's because foreclosure take a few months to do, and are probably suspended right now due to the lockdown, so those distressed houses haven't translated into supply yet.