Why home buyers should reconsider buying investment properties for Airbnb

Bess Freedman, CEO of Brown Harris Stevens, discusses the real estate industry’s post-pandemic resurgence in big cities.

Think twice before buying a home as an investment property in the post-pandemic real estate market.

That’s what real estate and personal finance experts are advising, considering home price offerings are surging up to 50% over the asking price amid ongoing bidding wars in the competitive market. 

Think twice before buying a home as an investment property in the post-pandemic real estate market, finance experts suggest. (iStock)

And with such low inventory and high demand, some home buyers are even waiving inspection contingencies.

“Buying a home at the top of the market is bad enough. At least you’ll live in it – hopefully for many years — before you sell at a profit. But if you buy an investment property for top dollar, you risk bottoming out,” Howard Dvorkin, a New Jersey-based Certified Public Accountant and chairman of…

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