NerdWallet: How a vacation-rental bust would affect the home-buying market

by | Dec 12, 2022 | Stock Market

This article is reprinted by permission from NerdWallet.  Airbnb’s business is booming. The popular platform reported its highest revenue and profit ever in the third quarter of 2022, due in large part to strong demand and higher daily rates. The surging vacation rental industry has caught the attention of real-estate investors and entrepreneurs, who have been amassing large portfolios of short-term rental properties to cash in on the boom.

“Over the last three years in the world of real-estate investing, short-term rentals have been sort of a gold rush,” says Tony J. Robinson, co-host of The Real Estate Rookie podcast. S …

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