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by raw_anon_1111
194 days ago
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My anecdote is that my wife and I are the only people who live in a large condotel (https://www.investopedia.com/terms/c/condotel.asp) in Florida mostly year round[1]. Everyone else who owns units see them as investments/second homes. When the owners got together once a year or on FB you could tell that most of them were pro-Trump and I just kept quiet to keep the peace. But now every single one of them and the management company are seeing their rental rates plummet with the drop in tourism because people from especially Canada are not coming down to Florida during the winter. But also tourism has dropped from other countries. Still none of the owners will address the elephant in the room and the property management company has to address it. But they walk on eggshells. [1] We only leave for extended periods of time during spring break and the summer when rates are high because of spring break and summer break and we travel and I work remotely anyway. |
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