VRBO vs hotel
I just don't see a comparison in renting a house/condo and renting a hotel room. Two different types of facilities. Our family members routinely use VRBO for vacations. You pick the type and size place you want. That's a lot different than being assigned a room on the 8th floor near the elevator where there is all sorts of noise from other guests coming and going.
Yes, if you are buying now, just as an investment, it is hard to keep the prices down to what the previous owner was charging, or what appears on other VRBO listings in the same area. On the other hand, in places like the Lakes Region, I expect more rentals will come on the market as VRBO or AirBNB make it easier to rent for just an occasional week. Haven't seen it in the LR yet, but there are more companies like Vacasa who will manage your rental if you are not close enough to do it yourself.
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