For example, if a property was purchased $500K in 2019 at 3ish%, and maybe they put 20% down, and owner boasts about how profitable of an STR it is; and then now they put is on the market for $900K because that appears to be the market rate (at least this seems to be the case in high appreciation areas such Colorado, Hawaii, and several other areas), however interest rates are now 7.5%, how can this same STR now be cashflow positive?

Downtown now has a large gathering area with an ice skating rink, a gambling casino, condos galore, shopping plazas and restaurants all around the Rock-n-Roll Hall of Fame, and even the flats now has a new design.

There were many boastful comments about not paying utilities, and everything was included.

So not my cup of tea, but then we have industries built on risk, from casinos to insurance...

I do, and it is in the multi-billions, USD.Their 'standards' for projects are anything humanitarian (which just means it creates growth, adds jobs, etc etc - not necessarily a non profit) and no casino's (no gambling ties).They demand a 40% share in the company they are providing the funding for.

If it's close to attractions, shopping, bars, casinos, lakes or anywhere people might want to spend the night then furnished is the only way to go.

Hard Rock is investing a ton of money and they have experience in both casinos and non casinos.

Stock casino Venetian dropped from $133 to only $1.

@JD MartinThat was our last deal, multiple heirs splitting a pittance of cash immediately and heading for the casinos to honor Grandpa's memory.

Plus there are casinos in Baraboo and surrounding community that operate year round and not everyone likes to stay at casinos.