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re: COVID impact to Vacation Rental Property Market
Posted on 4/3/20 at 11:06 am to LSUregit
Posted on 4/3/20 at 11:06 am to LSUregit
Something like 80% are bought with cash. Stock market is down bigly, realistically if the beaches open sometime early to mid summer the vacation rentals will still likely be in the black for the year though likely barely.
There will definitely be some stuff that is fire sold just because owners need the money. By and large though I don't expect a huge drop in prices at this point.
There will definitely be some stuff that is fire sold just because owners need the money. By and large though I don't expect a huge drop in prices at this point.
1
Posted on 4/3/20 at 11:27 am to baldona
quote:
Something like 80% are bought with cash.
Can’t imagine that’s true.
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