Homeowners rush to sell properties on picturesque island as their vacation rental dreams turn to nightmare
Homeowners who dreamed of making extra cash by renting out a vacation property in a stunning coastal city are now flocking to sell. Buyers were initially drawn to Galveston during the COVID pandemic, taking advantage of work from home orders to buy themselves a house near the beach that they could escape to, according to the Galveston Daily News. For some, buying on the barrier island came with the perk of being able to convert the properties into short-term rentals in a get-rich-quick scheme flaunted on social media.
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