People who never could/would buy a 2nd home did because rates were below 3 percent. Their payments were so low, it became profitable to STR it. The fed has made it clear that party is over til at least 2024 or beyond. Used to be you rent for a few weeks to cover expenses, but the profit has become to great to ignore. We like to rent the 2-3 big weeks to cover the taxes. we have rental property in jersey and could do well with this place up here, but we didn’t buy our place here for that purpose; we bought it to use it for us and the kids and to be honest, I’d be perfectly content not renting it out at all. I’m probably the minority though, just because I love the place and the mountain so much, and want to end up living up here full time eventually. .