How to Kill an Airbnb Housing Market

If you've ever wondered how local regulations might impact your Airbnb rental plans, you might get a few insights from a tourist destination in Southern California. Palm Springs and eight other nearby cities have been an attractive market for Airbnb investors, especially during the pandemic. But the backlash against short-term rentals has led to strict regulations, investor losses and a depressed housing market in many of those high-demand neighborhoods. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review. Airbnb rentals have become controversial in many U.S. cities as local officials grapple with a housing shortage for residents. But for some investors, curbing short-term rentals in a vacation hot-spot like the Coachella Valley didn't seem like much of a threat. Until it was... ...That's it for this episode. You can read more about this by following a link to the article in the show notes at newsforinvestors.com. I also encourage you to sign up as a RealWealth member for more information on how to wisely invest in real estate. It's free to join and access all the resources we have online. That include sample properties in more than a dozen U.S. markets and a free session with one of our investment counselors. Also, please remember to subscribe to this podcast, and leave a review! Thanks for listening! Kathy Fettke Links: 1 - https://therealdeal.com/la/2024/01/25/palm-springs-home-market-choked-by-airbnb-rules/ 2 - https://www.latimes.com/california/story/2024-01-23/palm-springs-capped-airbnb-rentals-now-some-home-prices-are-in-free-fall#:~:text=Palm%20Springs%2C%20a%20city%20dependent,20%25%20of%20the%20homes%20there.