Ma Bailey agrees!
Posted on 01/23/2024 8:48:13 AM PST by grundle
My Brother lives out on the coast of Oregon. I would say at least 50% of the houses are an Airbnb. Corporations have bought up everything and turned them in to Airbnbs.
Ma Bailey agrees!
It’s time to bring back the old style boarding home. Where the owners created ‘the rules’ and people respected each others rights to privacy.
The house across the street in Ames Iowa was sold to a Chinese person out of state. It is filled with women and babies.
They are all one big family and the city can’t touch them with their rental codes and rules.
Do not buy in resort towns...
Everything is super expensive, food, taxes, gas, everything, and then every holiday and weekend comes the obnoxious tourists, low lifes, drunks, party goers.....
I had a property in a CA resort, and the day I sold it was wonderful! Never regretted it!
Oh, it's probably one of those Chinese illegal alien birthing factories. they clamped down on the "hotels" they setup in NYC, but Iowa is way under the radar.
I had a friend who bought a house (northern CT) that he thought would be fine.
He bought it during the winter months—the neighborhood was very quiet.
What he didn’t realize was that the house was on a river—and during the summer months tourists took rafts, canoes and even small boats and partied up and down the river—and of course during the summer the days are very long so those parties lasted well into the night.
Anyone thinking about buying houses on rivers—beware....
Same with the beach cities in CA....They suck! Come summer/spring it’s jammed with millions crowding into the beach areas, parking is slammed, traffic is gridlocked!
Darn, that’s too bad, but it seems to be working exactly as intended. When the sellers are willing to take what the market will bear, the houses will be sold.
A woman owns a house across the street from us, and rents it out as an Airbnb rental. Our neighbors call it the local hotel. We've never had a problem with noise or partying. The tourists come, and drive off in the morning to other destinations and keep things quiet when they return. Some renters are business types who have business to attend to in the area. Not a problem for us what landlords do with their property.
My daughter's sister-in-law regularly rents out homes in tourist destinations and invites multiple relatives including us to vacation there. She easily spends $10G a week for the rental depending on how big the property is. We all keep things quiet, no loud music.
I’d say the wind farm that has been built in Palm Springs killed the real estate market.
I was shocked when I first saw it.
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