A Surprising Boost to Rental Supply #shorts #airbnb #airbnbhostingtips #supplyanddemand #realestate

The third reason why supply might be increasing in your market is if there's an outflow of the permanent population. Now, this sounds a little weird, right? But let's imagine a scenario where homeowners are living up in snow country and they're just tired of the cold. They don't want to live there any longer. They want to go down to where it's warm, like Florida, for example. But they don't want to sell their house because maybe the market's not good. Maybe we're in a situation, like right now, where interest rates are high and less people can actually afford afford to buy those homes. So what is their alternative option? Well, they can either rent it long term, which obviously a lot of people do, or if they're in a market that's favorable for short term rentals, they very likely could list it as a short term rental.