Redfin: Vacation real-estate ‘toast’ as Airbnb owners rush to offload homes
The article buries the lede:<p>&gt; Employers that were really stuck on whether to let people work from home have gotten completely unstuck. And if you can work for Goldman Sachs, but not in New York, if you can work for Amazon, but not in Seattle, well, why would you pay the premium?<p>Vacation rentals impact prices, but are a mere slice of the total market. If tastes and preferences shift away from expensive cities due to remote-work friendly policies, that will have a profound shift on not only housing, but automobiles, gas, etc. People certainly enjoy living in cities, but how many people live in cities exclusively for the physically proximate job access they provide? Time will tell.