ST Alpha - "The Orlando Sentinel posted an article today about how much the vacation home industry is suffering. " (Reading a Post)

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The Orlando Sentinel posted an article today about how much the vacation home industry is suffering.

Posted by David (aka David) May 12 '20, 09:08

That's going to be the first domino in the impending housing market collapse.

All these people bought second homes to rent them out nightly. Suddenly, they have no source of income, higher upkeep charges due to the new cleaning requirements, and mortgage payments hitting every month.

There's thousands of them in Central Florida.

Responses:

There was a whole wave of people finding out that they were renting apartments to people that were only ever subletting on AirBNB. -- nm - Reagen May 12, 09:14 1
- I had a co-worker who ran 3-4 AirBnB rentals out of LA thru subletting. Combination of new regs and COVID has shut him down. -- nm - budice May 12, 09:16
This, Hotels shuttered, AirBnB rentals, DVC -- nm - budice May 12, 09:14 1
- And Florida specifically shutdown a lot of AirBnB rentals to stop influx of out of state visitors. -- nm - JaxSean May 12, 09:23

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The Orlando Sentinel posted an article today about how much the vacation home industry is suffering.

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