Recession/Correction/Adjustment - Thoughts on the Health of STR

[Andrew Street]

Hello Everyone,

There's a lot of talk about how the market is/is going into a recession.

Typically, during these times, people are less likely to have extra money to spend on vacations.

Short term rentals are seen as a riskier investment because they are based on people having excess funds to vacation. Is this true?

Or do you think that there might be a correction for short-term rentals that are not truly the short-term rental experience? A true short-term rental in my eyes is a place that is centrally located in a city (and high-end) or a beachfront property on a lake/ocean. 

There's a lot of hype around STR's and new ones are being created all the time, so it would be interesting to gather your thoughts here.

My opinion is that true STR's will be fine and maybe see a slight downturn, however a recession would remove a lot of STR's that don't provide an experience.