I live in a ski town, which is a second home market. Houses are surging onto the market right now as people are wanting their capital liquid, and prices are softening quickly as people get desperate to offload these rental houses when absolutely no one wants to buy at the moment. Our vacation rental market reached peak saturation a year or so ago, and now it’s a losing battle for many, especially considering we had two bunk winters in a row and owners lost their asses.

I don’t expect houses to return anywhere near where they were before COVID, but I’m optimistic they’ll become semi affordable in the next year or two. I’m just tired of renting and facing the prospect of moving because a landlord gets a wild hair up their ass.