It is really terrible for the housing market when real estate investors buy out homes on the market for the sole purpose of renting them out in AirBnBs.
I doubt that anyone would want to live next to an AirBnB house.
“They make for shit neighbours” not the worst of it. It also significantly contributes to the increase in cost of living in the area because buyers and renters no longer have to compete with just each other but also with investors, and every house or flat that’s off the market only increases that competition further.
It is really terrible for the housing market when real estate investors buy out homes on the market for the sole purpose of renting them out in AirBnBs.
I doubt that anyone would want to live next to an AirBnB house.
“They make for shit neighbours” not the worst of it. It also significantly contributes to the increase in cost of living in the area because buyers and renters no longer have to compete with just each other but also with investors, and every house or flat that’s off the market only increases that competition further.