> But there's no doubting the squeeze many Palm Springs rental owners are feeling, in part because hundreds of new vacation rentals have entered the market.
Based on personal experience, I would tend to give more credence to this line than to other speculation about AirBnB or the short-term rental industry.
I know that the AirBnBs I've tried to book recently have all been both expensive and booked up. I also know that when I was shopping for a home last summer, 4 out of 5 Redfin agents pointed out which parts of the property could be potentially be converted into rental units. That made me think at the time that there is or would soon be a lot of "inventory" on the rental market.
Based on personal experience, I would tend to give more credence to this line than to other speculation about AirBnB or the short-term rental industry.
I know that the AirBnBs I've tried to book recently have all been both expensive and booked up. I also know that when I was shopping for a home last summer, 4 out of 5 Redfin agents pointed out which parts of the property could be potentially be converted into rental units. That made me think at the time that there is or would soon be a lot of "inventory" on the rental market.