Will Airbnb Units Rescue the Housing Shortage Across America?
I live in a beautiful single level condominium in Palm Springs, CA – It’s Paradise. In late February a unit across the green belt from me sold for a record price. At first I was a little stunned, because it was a mediocre fix-and-flip, and then came the “Seasonal Rental” sign, “oh, an investor” I thought, followed shortly by Coronavirus/Covid-19. I obviously felt bad for the new owner who had purchased not just the unit itself, but window coverings, kitchen […]