“I have a friend who has a super luxurious place and advertises it as a furnished short term rental continuously while he lives in it. He can’t afford his 5K per month mortgage payments. He will be forced to sell in the next 6 months. He is basically broke.”

Renting at vancouvercondo.info November 27th, 2010 at 4:50 pm“A lot of high priced rentals are furnished short term rentals. They are competing with hotels. I have a friend who has a super luxurious place and advertises it through an agency continuously while he lives in it. There are several people in the same building doing this. His place has only been rented for two months of the past year. When it rents he goes on vacation or stays with someone else. He does this to make ends meet because he can’t afford his 5K per month mortgage payments. I figure he will be forced to sell in the next 6 months as he hasn’t had anyone rent it since summer and I know he is basically broke.”

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