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A comment on Redfin: Vacation real-estate ‘toast’ as Airbnb owners rush to offload homes. Parent comment

Re:Redfin: Vacation real-estate ‘toast’ as Airbnb owners rus... by mturmon on Monday May 11, 2020 @11:59AM (#23143502)
> ...boomers will be unloading homes too over the next few years...

This might be true in some markets. In the LA market, my friends who were using the "wait a few years" strategy have been very, very disappointed.

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Re:Redfin: Vacation real-estate ‘toast’ as Airbnb owners rus... by tormeh on Monday May 11, 2020 @12:38PM (#23144017)
The market can stay irrational longer than you can stay solvent, as the saying goes. Looking at fundamentals is not enough. Short and medium term price prediction is fundamentally an exercise in psychology.
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