Vacation home sales have cooled

[UKDEB]

Interesting article in the Sentinel today:

http://www.orlandosentinel.com/busi...8,0,1728150.story?coll=orl-business-headlines

 

[Miffy2003]

That is interesting Debbie. I have to say I was absolutely shocked by my recent villa rental search. The prices to rent are so cheap and there is just so much availability it is hard to see how you could make (any?) money so easily these days with a vacation home.

I'm sure lots of villa owners will correct me now though

 

[isla bonita]

We own a vacation home and I am not sure many people make money on them. I know we do not, but we are new and are trying to just break even. I think most people have them so they have a place to go to and it pays for itself.
As an owner I know we have to update all the time to make the home as comfortable as possible for families. If it is not new looking guest would not want to come back or recomend it to others.
Villas are a very resonably priced way to vacation. Plenty of space, lots of amenities and close to the parks. Ours is not located in four corners area. We are in the Formosa Gardens area. A little closer and also a little more pricey but not by much. We loved renting one so much we bought and hope it is a wise investment for our family. We have a larger home and we take friends and family down with us.
Vacation home $$$$
Air Fare $$$
Tickets $$
Tolls $
Memories Priceless
We are very lucky we have many memories of our loved ones and they will last a life time. I just hope the home lasts as long. LOL

 

[Pootle]

It certainly is interesting, but hardly surprising - it had to come. We looked into buying a villa a few times in the early years of visiting but decided that we wanted our holidays to be hassle-free - no driving miles to the parks for a start.

The associated maintenance/taxes etc costs were too high (for us) just to have a villa empty for 11 months of the year and we didn't want to 'run a business' renting out. Still, nice capital appreciation for those who did

For the many people who love to stay in villas it sounds like good news though. The competition can't fail to keep the lid on rental prices.

 

[JANNYANS]

After being in the str business for 71/2 years I know very few people who make money most at best break even some even have to top up their home accounts to keep afloat.The way things are going a lot of owners will need to sell in the reasonably near future and as the STR market is getting harder they may well sell to residents so the number of str homes may well change.

 

[Minniespal]

Interesting article.

 

[terrynewpack]

An American friend of mine two years ago had 7 STR homes. Yesterday he sold the last one to an American who will live in it. The other homes have been sold and replaced by long term rental homes.
It is currently almost impossible to make any money or even break even in STR in Florida unless of course you are a realtor or a Management Company


Terry

 

[minnie29uk]

Interesting article in the Sentinel today:

http://www.orlandosentinel.com/busi...8,0,1728150.story?coll=orl-business-headlines

Definately true.My homes been on the market for 4 months now and no offers yet.Am trying to think of best places to advertise sale,

Lynn