Occupancy rates down in 30 of the 50 top markets. Where are you?

[Nathan Gesner]

My 19,000th post and this is all I got. ;)

https://time.com/6223185/airbn...

A lot of people cashed out their equity (gained through pure luck) to purchase a short-term rental in unfamiliar markets that were over-priced and with occupancy rates well above historical averages. Occupancy rates are dropping. Sales prices are dropping. Interest rates are climbing.

What happens when these new short-term rentals fail to perform and the first-time investor can't get back what they put into it? 

[John Underwood]

Some people were not smart about what they bought, where they bought it and how much they paid for it. They will likely suffer the consequences.

Smart people bought good properties in tourist areas, knew the numbers and have cash reserves. They will survive. 

There can be a big difference between an Airbnb and a vacation rental.