In Victoria, former Airbnbs are flooding the market — but no one is buying | Ricochet
In Victoria, former Airbnbs are flooding the market — but no one is buying | Ricochet
ricochet.media
In Victoria, former Airbnbs are flooding the market — but no one is buying | Ricochet
Asking prices will have to go down then. This is part of The Process. Some of those investors who bought high are going to lose their shirts which sucks for them. This is also part of The Process. I dont think prices are going to drop to 2012 levels or anything, but some correction is better than none.
I say this all as someone who bought a house on the island over the summer. I am not going to lose my shirt on the deal as I am not selling.