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Reply to "I think the bubble is popping."
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[quote=Anonymous]My neighbor retire 30 years ago to Florida. Still rents home next door. He got a three lease at $6,000 a month in summer 2020. He paid $175k for house in 1975 I talked about off peak tenants as I own a beach place and every year we rent off season to tons of folks whose rich owners just wavy someone they can trust in unit and to watch unit and in exchange give way below market rents. My condo my nine month a year tenant I had six years running the place is now a yearly rental. Demand is up for year round leases at beach and with Covid I was out of work a few months and not traveling. My brother used his Florida place nearly all year. I plan on renting my primary in early retirement. It is too much cost to sell and buy back if I hate Florida. Renters are getting squeezed. I grew up on a rent stabalized apt so my parents had none of these worries. Today renting is more volatile. For instance my year round tenant what if I want it back? [/quote]
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