Brads comment in the thread below about AirBNB made me wonder . In Austin , There are currently 3,329 homes for sale and 12, 127 AirBNB listings. Let's say the current slump in short term rentals forces cash strapped owners to sell their properties. If even 30% of AirBNB s were listed for sale, that would double inventory. Eye opening.
This slump is developing all over the nation. A recession could hit AirBNB owners hard. Huge property tax increases in Texas this year too. Boom.
Let's go on vacay where it's 108 degrees and no beach. Austin, yay!
Los Angeles, 44000 plus Airbnb listings.