Greedy second home owners in famously-ritzy beach enclave face harsh reality check as Covid boom for $1,200-a-night holiday rentals slump
Wealthy second homeowners in Cape Cod are complaining after their high-priced rentals suddenly aren't being booked following a pandemic boom. Modest homes along the shoreline are on offer for upward of $1,500-per-night, however some rental owners are admitting they will have to slash their prices this summer season due to a fall-off in interest. Christine Peterson, who owns three rental properties with her husband, told the Boston Globe that during the pandemic she could book her homes 'three times over,' but is now struggling to find customers.
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