West Coat Puerto Rico Airbnb Bubble?

[Scott Brick]

HI all,

I ran a Airbnb for 3 years in Rincon Puerto Rico from 2016-2019.  We sold be cause tenants sued the condo association to change bylaws to non airbnb friendly as it affected their use of condo.  Long story but we sold.  I have been monitoring the market for the past 3 years, and watching prices almost double.  We bought our condo for $335k in 2016 with average nightly rental of $250 and now same unit is $650k with the same nightly rental.   Prices are coming down some but its still crazy unless you go in all cash. 

I understand Act 60 is a driving force of pricing and demand but its seems like the market is at a tipping point of saturation.  Anyone have thoughts or insight on possible bubble burst in PR or numbers on ADR vs Sale Price.

thanks Scott