Are STR's headed for trouble?
Victor Minasce has some compelling data suggested there may be trouble ahead for Short Term Rentals.
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I'm in Scottsdale. I just bought a house to make into a high end STR in Phoenix.
Think of it this way, if you sell bananas and everybody decides to sell bananas, there is still a demand for bananas even though there is more competition.
But, those selling nice bananas will always have an audience and those selling bruised, rotten, spoiled bananas will no longer have an audience.
It's called "capitalism". Those who offer the better product will do well and those who go cheap will eventually fade into the night.