This article is a few days old, but still interesting and worth discussing. It seems that if you haven’t rented out your home or condo yet for the winter games, you may be facing a lot of competition and have to ramp down your expectations of getting rich off the games.
Metro Vancouver homeowners desperate to rent their properties to Olympic Games visitors have scaled back their golden expectations.
An abundance of Games-time accommodation rental options has forced asking prices down and increased the likelihood that many properties won’t attract any Olympic renters.
“Don’t base your food budget on the prospect of renting your home,” said Mark Szekely, site administrator for listing service rent2010.net. “It’s still a realistic possibility but if you’re outside downtown Vancouver or Whistler, you might not find a renter. It’s an oversupplied market.”
Anyone out there subletting their owned or rented house or apartment for the games (or trying to)?