Airbnb Collapse & The Lakes Region?

[VitaBene]

Originally Posted by Merrymeeting

Last week, The Boston Globe had an article about how the summer rental business on The Cape has collapsed. Rentals running at 20%+ vacancies. It was mostly attributed to things having become too expensive (with short term rental owners as one reason) and too crowded. People are now going with other options.

We have a house in W Hyannisport, I was shocked to hear what some of our neighbors were charging to rent their places via VRBO or Air BnB. A lot of people have bought houses thinking they can easily Air BnB or similar, but as noted the market has shifted some. The Cape, like our area needs housing for the people that work there.