Recession Means Deep Discounts on Florida Vacation Rentals
Early this year, when the housing market slowed down in Florida, the economists predicted that the market will bounce back in about 12 to 18 months. Housing prices fell, hotels lost money. As we reported earlier, the only real-estate related market that thrived was vacation rentals. Vacation rentals grew 17% in 2007 and were poised for another mega-growth year in 2008, when the big recession news and the financial troubles on Wall Street hit the news. And then things changed.
According to Kenny Doucette, founder of http://www.vacationrentalhotspots.com, the leading Vacation Home website in Florida, “It appears that everyone is feeling the pinch. Spending is slowing down everywhere and even the fast growing vacation rental market is experiencing slower growth. But wait, this could be a good thing for you. A lot of the rentals listed on our site have dropped prices. That, combined with relatively off-season Winter prices, Vacation homes are priced at near 5-year lows today. There couldn’t be a better time for recession relaxation, if you ask me”.
Your savings don’t just stop with your vacation home prices. Menupages.com recently reported that middle-tier restaurants (not your high-end Steakhouses or the fast food places) are lowering their prices significantly. Another report showed that Disney hasn’t raised their ticket prices like they always do. Airlines are slashing prices, gas prices have dropped in recent weeks as well. Kenny adds “As human beings, we all seem to have a herd mentality. When the news of economic slowdown hits the market, everyone stops spending, even the ones that have the money.”. If you are one of those that was smart enough to get through the recession with money still in your pocket, you deserve a break, and with recession prices, you could end up saving up to 40-50% on your vacation, which means you could spend twice the amount of time on your vacation now than you could when the economy bounces back.
http://www.VacationRentalHotSpots.com offers over 500 owner-listed vacation rental homes in Florida. This might be your best place to start.
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