Homeowners Facing Bankruptcy Due to Short Term Rental Bans! (Video)
In this 14 September 2024 video, host Michael Bordenaro discusses how Goldman Sachs is losing billions of dollars due to people not paying their bills and delinquent debt.
Purchasing an investment property based solely on the short term rental income potential is never a good idea. Yet people do it all the time and now that property values are coming down and short term rental bands are becoming more common. These investors are getting burned big time. This is going to have a big impact on the housing market because not only will increase the amount of available. Long-term rentals will also increase inventory for sale as these investors can no longer afford to carry these properties.
https://youtu.be/aHsFqyO5wEE
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