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Interesting Facts About Homesharing
The facts are the real estate industry continues to change pretty drastically. People have different wants and desires and the market has to adapt. Now, there are real life options where you can buy what is in effect a condo unit in a luxury tower, and rent it out via AirBnB. You can own a luxury hotel room as one single unit and rent it out.
This is possible because these new units are licensed as hotels. This allows the unit owners to not be concerned with local regulations on homesharing that continue to create obstacles for AirBnB. This also circumvents the potential impact on home prices and the local real estate market created by AirBnB rapid growth.
There are projects already well underway and even complete in Austin and Miami.
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