The vendor permits for Daytona Beach bike week were Canceled this morning. If the building permits are canceled on Monday Daytona will be in a prolonged recession. Déjà vu all over again
Thanks for the article.In my area a free and clear MH on its own land nets 8% + appreciation.A modest SFH nets 4.5% + appreciation.And,mportantly,the next recession should have less impact on the income from the MHs.
Daytona is also a sellers market.Im selling one at retail through a realtor.Buyer is also giving me a first right of refusal to repurchase when they sell.Option will be completed after closing.
Is the depreciating dollar offsetting the market value decline on financed residential real estate?If it is how do we measure it?Perhaps we are being overly pessimistic?
