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To: BigFreakinToad

I suspect some of the business owners out there would approve.
I am sure it is difficult to staff summer bars, restaurants, landscapers, painters, plumbing, roofing and any other manual labor lower end jobs.
Summer rents in places like the Hamptons and other seasonal areas are off the charts.

This is the beginning of the housing correction.
People who bought these houses to rent on a nightly and weekly rental basis have found that the market is now oversaturated.

I have a buddy who owns a house in York Beach, ME. A five minute walk to the beach.
It is already completely rented for next summer. However, he can not find anyone willing to rent it for the off season.
This is because many of the people that decided to live there during Covid are now having to be back in the office in Boston, Portland or New York City.

This is the same story in the Hamptons.
People who could work from home were renting places out there year round. Now many of them are being told if you want to keep your job you need to come back into Manhattan.


15 posted on 11/03/2023 7:29:22 AM PDT by woodbutcher1963
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To: woodbutcher1963; All

I need to check with a friend who has a short-term rental in a Colorado resort area. And the rest of you cats should pay attention to woodbutcher, who has a good handle on real estate market conditions.


21 posted on 11/03/2023 8:10:23 AM PDT by SaxxonWoods (Successful People Have a Sense of Gratitude. Unsuccessful People Have a Sense of Entitlement)
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