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Originally Posted by Shipping up to Boston
Good points. It really is in the eye of the beholder. You have to do your homework
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I should note that I had the opportunity to live and work in Myrtle Beach in the early 90’s. My neighbors literally changed on a weekly basis. Sense of community is lacking in MB except when traditional summer tourist season ends and the true year round residents reappear. I wasn’t oblivious to this as I had that knowledge going in....but’s it’s a culture shock especially if you’re used to a bedroom community like the one I grew up in in New England. MB is a beach/golf destination, TV is an anomaly. Not too many ‘neighborhoods’ span 35+ square miles over three counties....and growing. Nobody tripped over the threshold blindly. You were sold on the concept by family, friends or sales presentations. That said, when you have this amount of construction and inventory with such widespread price points....it’s attractive. STR are not a new phenomenon...it’s basic supply and demand. In the case of TV, with no restrictions in place and none forthcoming, it is what it is.