In my spare time, I am a bit of a horse trader in real estate. I have purchased and sold over 20 commercial buildings and homes at all price points. I’ve used realtors and sold properties myself. I’ve bought foreclosures and short sales. I’ve remodeled homes and purchased spec homes. I just completed building a new home on a lot that I eyeballed for 10 years. It’s my hobby.
I’ve been thinking there is a looming collapse of the Airbnb and Vrbo model. Desperate owners will need to get rid of pricey investment properties they can’t afford anymore. Why? Hotels have lowered prices, and people are tired of the hidden cameras and lack of amenities in many Airbnbs.