Snowbird selloff: Canadians are parting ways with U.S. properties
Snowbird selloff: Canadians are parting ways with U.S. properties
globalnews.ca
Snowbird selloff: Canadians are parting ways with U.S. properties | Globalnews.ca
15 comments
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Uh, selling off your Phoenix property is a smart move no matter who's President. That place is going to be unlivable in a couple of decades. Try getting your investment back then.
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A lot of Canadians bought houses in Arizona during the 2008 financial crisis. Selling them just before Trump got elected would have been a great investment. Still a pretty good profit selling now.
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I doubt any of these snowbirds need to worry about the resale value of their homes in a couple of decades. They'll be dead by then.
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What I’m curious about is those Florida timeshares that are impossible to get out of. Will people just abandon them and the bank accounts they’re linked to?
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They can always just keep paying and not use it, or let some of their American friends use it. But they are not impossible to get out of. There is an entire industry revolving around transferring timeshares. Like any other contract, it is more costly to get out of early, but it can be done if you are motivated enough.
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And in the current context, people are very motivated to get out of them.
Have the day you voted for, Florida, you stupid fucks <3
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Ironically, a large portion of that industry is owned by the Timeshare industry. You can imagine that they aren't always the most effective at getting people out of those contracts.
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Will people just abandon them and the bank accounts they’re linked to?
I would. If these people are Canadian citizens, why would they care if some US company sues them in US court?
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For now
15 comments
I bet their former neighbors in Arizona don't feel so bad that they'll stop voting Republican, though.
They probably will just wonder why their towns are doing so poorly economically without connecting the dots. Canadians (and snowbirds in particular) are pretty sizable part of the US economy.
... they're not the same groups of people