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kleinbl00  ·  1673 days ago  ·  link  ·    ·  parent  ·  post: ‘A Bargain With the Devil’—Bill Comes Due for Overextended Airbnb Hosts

Yeah when you look anywhere rural you see a lot of dead bed'n'breakfasts killed by AirBnB. it was actually comparing "hey, this house in my LA neighborhood doesn't suck, wait it's how much, okay how much would that get me where I actually want to live" that got me out of LA. There was a 2200sqft house with no ocean view in Playa Del Rey going for a mere $600k more than this place.

I think I've seen eight (?) bed'n'breakfasts cack it just watching real estate listings. it ends up being awkward because usually you've got an innkeep who knows they need four or five rooms to make the economics work out so they build a massive addition that doesn't really make sense for a homeowner and unless you have a bunch of burnout college students around, you end up with a big HELOC and a lot of space to heat and nothing to show for it.