The Residential Real Estate Post-Crash Index-Moderated Message Board

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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated

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From: Smiling Bob	8/31/2023 9:28:47 PM
	of 119358

charleshughsmith.blogspot.com STVR/Airbnb Has Destroyed America's Resort Towns It turns out society isn't just the sum total of the Fed goosing "maximizing shareholder value." People actually have to live in the corrupt, bifurcated, distorted ghetto the Fed and "maximizing shareholder value" have created. It's an old story, manifesting now in new ways. The rich, buoyed by inherited wealth and access to credit, find a locale with the qualities they desire, and buy the choicest properties for their own use, and a surrounding band of nearby properties so they won't be bothered by the bottom 99%. This story has a new far more destructive chapter, generated by the boom in STVRs--short-term vacation rentals. The uber-wealthy don't need more money but they're trained, like hamsters in a lab, to seek ways to maximize their income and capital gains. STVRs--Airbnb et al.--are highly attractive investments to the wealthy and their money-managers--the hedge funds, private equity managers, family-wealth advisors, et al.

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