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two years ago I bought a house in Palm Springs and renovated it and last January I put it on Airbnb when the house was finally ready I was so excited to see how it would do on Airbnb Im not going to sugarcoat it you guys it we lost money we uh its not looking good thats an Airbnb host by the name of Shelby church and her experience seems to be replicated among other Airbnb hosts who have noticed that their bookings have gone down considerably in some cases not a single booking for the rest of the year now whats going on hmm maybe the market might be oversaturated with short-term rentals hopefully theyre not over leveraged and they dont lose those homes okay I know Im being super Giddy and like ridiculous about it but I cant help it think about what this means guys the short-term vacation rental market is oversaturated these are typically apartments or single-family homes that did mortgages or long-term rentals but they got snatched up by white collar workers wealthy people who
