In many cases, luxury waterfront properties (A Class) have almost no buffer (two blocks) to the D-Class area. 

In Philly, they call STRs "limited lodging," which is less than 30 days per stay.

Lower end properties will probably be affected more than luxury properties.3) Devaluation; meaning the purchasing power of your currency deflates relative to world currencies.  

We have the ability to handle quick flips and rentals up to fully renovated luxury homes.

In luxury homes, you can usually get a lower listing and place a higher rate to the buyer's side.

Investors and even retail buyers are paying full asking and sometimes above here in the Tampa Bay Area.Other than REOs or waterfront luxury I don't list properties very often.

I personally worry that expansion might be going too quickly, though, and I share the same worry as many others about whether all these new luxury apartment complexes are actually getting filled.

Just like a gym does not guarantee that you will lose weight and get in shape if you join, but they will provide the tools you need to be successful, LuxHomePro has provided EVERYTHING that I needed to be successful as a luxury vacation rental specialist. 

It's the luxury stuff that takes a hit first (ppl can do without a jacuzzi hot tub when they can't afford their groceries). 

I run a exterior corridor independent lodging property.