Redfin: Vacation real-estate ‘toast’ as Airbnb owners rush to offload homes
I live in an area with a large number of AirBnBs, specifically a beach town near Los Angeles. Me and a few friends were hoping to see a significant drop in home prices due to AirBnB landlords being forced the liquidate under financial duress.Obviously we didn’t think this would undo decades of disastrous housing policy, but the hope is that some units would cross into striking range for those of us with good jobs. Alas, the price barely moved in my area, much to my surprise and frustration.