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Updated almost 5 years ago on . Most recent reply

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Ken Latchers
  • Hatfield, PA
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Every 10 years or so?

Ken Latchers
  • Hatfield, PA
Posted

9/11

Financial Crisis

Pandemic

1987 market collapse

Ok, so wildly average about every 10 years or so. Some kind of collapse. So it seems prudent when making your business or job or retirement or vacation rental plans to expect everything to go into the crapper for a year or two every decade?

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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied

Sounds like a good plan to follow.

Prepare for the worst and hope for the best.

I am considering shutting down my vacation rental for a couple months or only renting to instate renters.

I have turned off instant booking on both Homeaway and Airbnb to prevent people from hot spots renting per the SC governor's orders.

I don't want to perpetuate the problem at the sake of making a buck.

  • John Underwood
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