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re: Sandestin Real Estate Prices....where are they headed?
Posted on 5/28/20 at 12:28 am to NAsh-vegas Tigah
Posted on 5/28/20 at 12:28 am to NAsh-vegas Tigah
Interesting thread. Everyone is talking about the rental income picking up now, but no one is talking about the primary homes/income that will affect this. Even if rental income booms the next 2 months, a lot of these owners are probably small business owners who have had an income crunch the past 3 months and need capital to keep their primary business going, as well as making their payment on their primary house. Along with decreased demand from people not willing to shell out a few grand for a week on the beach.
How does someone with a stable income during these times make a good investment? 1-2 BR condo on the beach? SFH a few blocks away from the beach?
How does someone with a stable income during these times make a good investment? 1-2 BR condo on the beach? SFH a few blocks away from the beach?
Posted on 5/28/20 at 1:04 pm to Ric Flair
quote:
How does someone with a stable income during these times make a good investment
By waiting a year or two. It takes time for sellers to accept that there is no longer the amount of disposable income there once was for investors to compete over rental properties, nor the demand for people to rent them. Go back to the housing crisis...in high demand markets it took until 2010 for asking prices to come down.
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