Episode Details

World Cup Frenzy: Property Owners in New Jersey and Beyond Cash In on Soaring Rental Prices

Property owners near World Cup host cities, particularly in the tri-state area around New Jersey, are set to make a fortune this summer. With luxury short-term rentals commanding up to $240,000 from June 11th to July 19th, managers like Bobby Roufaeal are tripling rates. Homeowners are also cashing in, some even crashing with relatives to free up their spots. Airbnb is offering up to $750 for new hosts, while hotel rates in host cities could spike by 300% around opening games. Fans, however, are feeling the squeeze, with some cramming eight into rooms built for four and booking spots over a year early. Data shows a 169% jump in short-term rental bookings in Montclair, New Jersey, during group stage dates compared to last year. Smaller host cities like Kansas City, Dallas, and Houston are also seeing increased searches for affordable stays.

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