6/16/2023 0 Comments Airbnb long term rentals near meThe good news is that even with all the disruption of recent years, the homeownership rate in the U.S. It’s a brutally competitive housing market out there, and so it makes sense that these new kinds of real estate investors have sparked a sense of wariness that housing is moving out of reach for many Americans. And they’ve risen at the same time that home prices have climbed to record highs. That still happens today, but now the competition also includes people effectively running hotels in residential neighborhoods, Wall Street landlords and institutional mega-flippers with venture capital.Īlmost none of these players existed a decade and a half ago. A generation ago, my parents might have competed during their home searches with other would-be residents. I have no idea how the market can support so many short-term rentals in what look like haunted old houses in quiet Salt Lake neighborhoods.īut the experience highlighted the huge changes that have lately rattled the housing industry. Pretty soon, it seemed like every house that had gone up for sale over the prior year had turned up as a short-term rental. In fact, the more I scrolled through Airbnb listings, the more houses I found that had once been on my short list of places to move. Not far below, I saw the bungalow with the landscaped yard. Suddenly, I saw the big American foursquare I had toured, now listed as a short-term rental. I probably would have gradually forgotten the details of our home search, except that a year or so later I was scrolling Airbnb trying to find a place for some visiting family to stay. We talked to more real estate agents than I can count.Įventually a bigger house on our street went up for sale, and the rest is history. Over the the next few months we looked at pretty much every listing within a five-mile radius. We loved the tree-lined streets of our neighborhood, though, so we started combing Zillow for nearby houses. A few years ago, as my wife and I awaited the arrival of our second child, we - like many who came before us - started to feel cramped in our two-bedroom home.
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