What is your outlook for 2023 and onward?

[Eric Yu]

Hi all! Just curious for peoples' opinions on how the STR market will shape up into 2023 and onward. In the markets I'm invested in, there's been a massive supply increase, but I imagine that will return to an equilibrium once people don't see the returns they were expecting. For example, in Seattle, this winter has been brutal & plenty of properties have had extremely low occupancy (<30%). I'm viewing the next 3-6 months as more of a "survival" phase & then we'll ease back into a healthier STR market after that.

For now, I think the top 25% properties & the bottom 25% (budget) properties will do the best & anything in the middle will suffer the most.

What do you guys think & what are your predictions?

[John Underwood]

I think there will always be opportunities for investors that due their due diligence and buy right.