this post was submitted on 11 Jun 2023
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I live across the street from an airbnb and honestly I don't understand the market. It's around the same price as a hotel downtown but I'm out in the suburbs, sure you get more space but at the cost of house keeping and having to drive everywhere as transit is near non-existent.
If the owners bought the place with 20% down they're going to need major utilization to cover the mortgage and I guess I'll find out if it ends up back on the market.
I can only speak for myself but me and my gf basically live out of Airbnbs around the world. We typically rent a minimum of two months. There are plenty of Airbnbs I can spend two months in. I would kill myself if I had to spend two months in a hotel room.