Yet SoCal suburbs are full of them. And it doesn't necessarily add supply, since most people seek leases longer than the maximum 90 days set by Airbnb. Unused short-term rentals offer significant tax writeoffs. The owners don't need demand, they just need the plot's assessed value to continue increasing.
It's surreal that orange site seriously thinks rich people would ever liquidate the most inflationary asset in the West.
alt Hacker News
> there's only so much demand
Yet SoCal suburbs are full of them. And it doesn't necessarily add supply, since most people seek leases longer than the maximum 90 days set by Airbnb. Unused short-term rentals offer significant tax writeoffs. The owners don't need demand, they just need the plot's assessed value to continue increasing.
It's surreal that orange site seriously thinks rich people would ever liquidate the most inflationary asset in the West.