Losing $5,000/Month on Airbnb in This City!

Summary

The speaker shares his negative experience operating an Airbnb in Joshua Tree, California, losing $4-5k/month. He attributes the losses to a drop in demand post-pandemic and a shift in the economy causing people to cut back on travel, which impacted tertiary locations like Joshua Tree. The speaker recommends holding off on investing there until the recession passes, and focusing instead on primary locations with year-round activity.