Will lack of snowbirds impact the TV rental market?

[STLRAY]

There is an article on the front page of today's Wall Street Journal talking about the difficulty of Canadians driving to their winter homes in Florida, Arizona and Texas. According to this article there are about one million Canadians who spend their winters in the US sunbelt. Does anyone have an opinion as to the impact this will have on the rental market in TV?

[billethkid]

Lack of snow birds?
:1rotfl::1rotfl:

[charlieo1126@gmail.com]

Why are you renting your home ???

[chet2020]

Don't speak for all northerners (Wisconsin), but for us, COVID-19 makes it almost more likely we will winter in TV. Worst case scenario, everything is shut down. Even so, we can still walk, bike, and kayak. Highly likely golf will be open, likely pickleball will still be an option. Anyway, I think the demand will still be there.

The difficulty is the uncertainty, and Canadians have the international complication. You're not 100% certain the U.S. will let you in at the time you want to come down. Will flights be available. Will you have to quarantine 14 days in TV, then 14 days when you return to Canada. That's a month of no fun. You have to predict the future, but most homeowners want rental payments up front. Are you going to plunk down $12K in advance? Some will, some may decide to skip a year.

[CoachKandSportsguy]

currently, yes, the entire economic disruption is effecting the rental market, mostly because the rates are too high with the economic conditions, to get the usual snow birds to foot the same bill this year, with less certainty of income, as well as the canadians. However, the long term canadians, ie the 3-4 month renters shouldn't have a problem, just inconvenience, but the one monthers will be few and far between.

Note this is an opinion / prediction which the accuracy will not be known for a few more months. So its not wrong, but then neither is your opinion or prediction yet.


sportsguy

[Marathon Man]

Will Covid-19 impact the economy this winter? Probably.

[Topspinmo]

There is an article on the front page of today's Wall Street Journal talking about the difficulty of Canadians driving to their winter homes in Florida, Arizona and Texas. According to this article there are about one million Canadians who spend their winters in the US sunbelt. Does anyone have an opinion as to the impact this will have on the rental market in TV?

I hope so:duck:

[graciegirl]

Will a girl from a small mining town in Colorado win the love of a wealthy and titled Englishman?

Only a few of us who go back to radio days will know what this means. Every time I see a question on here that starts out with a "Will a " I think of this. Prize to know the name of the radio show from the forties.

[kkingston57]

No lack of snowbirds, and still too much uncertainty. We are members of a club in South Fl. which does have a high% of Canadian members. Per our pro if a Canadian comes to the US and gets sick from Covid, their insurance will not pay for Covid related medical treatment.

[vintageogauge]

I'm not sure if this is true but I was told that the Canadians would not have medical insurance to cover any Covid related expenses outside of Canada and that is stopping a lot of them from coming down.

[EdFNJ]

Canadians can fly or even take a train here and have their car & stuff transported commercially. Only "personal" driving (or walking :) ) across the border is not allowed. Can't see that as being a terrible inconvenience other than some more expense but if they have a second home here I'm sure it won't bankrupt them (there are also quite a few here already down in Broward county where a friend lives in a condo). While it may stop some I'm guessing it won't be that many.

[Malsua]

There is an article on the front page of today's Wall Street Journal talking about the difficulty of Canadians driving to their winter homes in Florida, Arizona and Texas. According to this article there are about one million Canadians who spend their winters in the US sunbelt. Does anyone have an opinion as to the impact this will have on the rental market in TV?

The impact is that there will be more rentals available and prices will drop.

I know two Canadian couples who were planning on coming to TV this year and can't because they drive, bringing their bikes, dog(not huge but too big to fly), clubs, etc. Too much to ship. If the border opens, which at this point is unlikely until at least January, this situation may stimulate a flurry of rentals at the last minute.

[John41]

There will be concern that if they need an expensive medical procedure they won’t get back into Canada during a lockdown or if they need to quarantine 2 weeks.

[justjim]

If the winter wave of Covid 19 comes, it could have an effect on Canadians coming to Florida. That is one uncertainty. Secondly, don’t have even an educated guess as to how many Canadians winter here in TV. We have good friends that winter every year in TV and just talked to them yesterday and they are definitely still planning to be here on January 1, 2021. Our friends are from Illinois. Most rentals require a significant deposit and most Snowbirds would not like to lose that deposit without enjoying the amenities of The Villages. There will be significant visitors this winter. In numbers of last year? Too early to know IMHO.

[ewitte]

Yes, it has impacted us. We had three separate couples wanting to rent our house and their children did want them to come to Florida.

[Girlcopper]

There is an article on the front page of today's Wall Street Journal talking about the difficulty of Canadians driving to their winter homes in Florida, Arizona and Texas. According to this article there are about one million Canadians who spend their winters in the US sunbelt. Does anyone have an opinion as to the impact this will have on the rental market in TV?
Theres no difficulty with them driving here. Canada mandates that anyone who travels out of canada MUST quarantine for 2 weeks when they get home. Thats the issue. Some dont have time for that

[Girlcopper]

Theres no difficulty with them driving here. Canada mandates that anyone who travels out of canada MUST quarantine for 2 weeks when they get home. Thats the issue. Some dont have time for that. Also, their insurance is void if they get the virus while traveling

[Heyitsrick]

Will a girl from a small mining town in Colorado win the love of a wealthy and titled Englishman?

Only a few of us who go back to radio days will know what this means. Every time I see a question on here that starts out with a "Will a " I think of this. Prize to know the name of the radio show from the forties.

I'm not that old, lol, but this looks to be from "Our Gal Sunday", originally airing in 1937.

Our Gal Sunday - The Original Old-Time Radio BBS (http://old-time.com/phpBB3/viewtopic.php?t=82)

[daca55]

The Shadow

[crazydeb10@yahoo.ca]

Actually some travel insurance companies will cover for Covid-19.

[doyle31]

No lack of snowbirds, and still too much uncertainty. We are members of a club in South Fl. which does have a high% of Canadian members. Per our pro if a Canadian comes to the US and gets sick from Covid, their insurance will not pay for Covid related medical treatment.
Lack of insurance coverage is the reason my many relatives in Canada will not be down to the US this year with our poor control of Covid

[mikeritz53]

There is an article on the front page of today's Wall Street Journal talking about the difficulty of Canadians driving to their winter homes in Florida, Arizona and Texas. According to this article there are about one million Canadians who spend their winters in the US sunbelt. Does anyone have an opinion as to the impact this will have on the rental market in TV?

I manage around 40 Rentals in The Villages an the requests are considerably lower as well as a lot of people holding off committing to the Prime Season. Normally at this time I am all out of inventory for Jan-April, but currently have 7-8 properties with some time left.

I do feel there is a pent up glut of people ready rent and any positive news will get them off the fence.

[Dlbonivich]

The border is closed between Canada and US. It was set to expire10/21 but their PM days he is extending it. I would say it should have some affect

[JanetMM]

The Shadow

That would have been my guess. Just bc that is the one and only that comes to mind.

“ Who knows what evil lurks in the hearts of men...The Shadow knows.”

Never heard a radio show. Guess I was just born too late. But my daddy always talked about The Shadow.

[stan the man]

Who cares !!!

[diamond2005]

There is an article on the front page of today's Wall Street Journal talking about the difficulty of Canadians driving to their winter homes in Florida, Arizona and Texas. According to this article there are about one million Canadians who spend their winters in the US sunbelt. Does anyone have an opinion as to the impact this will have on the rental market in TV?

Who cares? It will be a relief for traffic.

[La lamy]

I'm not sure if this is true but I was told that the Canadians would not have medical insurance to cover any Covid related expenses outside of Canada and that is stopping a lot of them from coming down.

I'm Canadian and have to fly down instead of drive. I know a lot of friends who are opting out this winter because of Covid, so yes I believe the rental market will be affected in a negative manner. As for medical insurance, most companies are not covering for Covid, but Medipac is, up to 2 million coverage.

[charlieo1126@gmail.com]

I usually rent my home in villages and then rent in either Hawaii or Miami Beach , I usually add another $3,000 over the rent I receive and live in great place I’m not going this year because why spend all that money and still be wearing a mask and being somewhat careful . I think the villages rental market will do well because there single family homes , spread out and you can do many things without a crowd . Both buildings I rent in Miami Beach and Hawaii are not all sold out yet, I believe people are staying away from condos , I have had 5 different couples ask about my home , I’ll miss my 3 months at waters and edge but hopefully I’ll see the water in Boston next summer

[Paporter]

There is an article on the front page of today's Wall Street Journal talking about the difficulty of Canadians driving to their winter homes in Florida, Arizona and Texas. According to this article there are about one million Canadians who spend their winters in the US sunbelt. Does anyone have an opinion as to the impact this will have on the rental market in TV?

—————
If we had known the vast number of investment income properties in The Villages for short term rent, we would not have invested in buying our retirement home here. Each street has at least 2 short term rental properties. One never gets to know their neighbors. Face it, short term renters abuse our community and amenities, due to lack of vested interest. Sure, folks like to rent before considering to buy.. however, isn’t that what The Villages Lifestyle Program is for? We do not truly live in a Retirement Community. We do however live in a Vacation Club Community.

[graciegirl]

—————
If we had known the vast number of investment income properties in The Villages for short term rent, we would not invested in buying our retirement home here. Each street has at least 2 short term rental properties. One never gets to know their neighbors. Face it, short term renters abuse our community and amenities, due to lack of vested interest. Sure, folks like to rent before considering to buy.. however, isn’t that what The Villages Lifestyle Program is for? We do not truly live in a Retirement Community, we do, however live in Vacation Club Community.

I do understand your valid complaint. The Villages still beats the pants over any other place similar I have ever encountered.

The rental issue and the general business issue all over the world points to a very dismal economic situation for all of us inhabiting the planet.

I will repeat the advice I have given to my children over and over and over. Take a deep breath and save your money.

[Marshaw]

I think another big deal is insurance. We have friends from England that come every year but not now because of ins. Next door neighbors are canadian. Haven't showed up uey

[LoriL]

I have a courtyard villa that I rent every season. My tenants for 2021 had to cancel because they live in Edinburgh, Scotland. I gave them back their entire security because this was not their fault. I think many owners will experience this because of Covid.

[Rodneysblue]

Well I know it’s not Fibber McGee and Molly. Will a girl from a small mining town in Colorado win the love of a wealthy and titled Englishman?

Only a few of us who go back to radio days will know what this means. Every time I see a question on here that starts out with a "Will a " I think of this. Prize to know the name of the radio show from the forties.

[riamd1954]

Good less people and more golf !!

[cbazay1@gmail.com]

I'm not sure if this is true but I was told that the Canadians would not have medical insurance to cover any Covid related expenses outside of Canada and that is stopping a lot of them from coming down.

Lots of misinformation. I am Canadian. I booked a flight for the month of November. I just purchased 5 million dollars of out of country medical insurance, zero deductible for $200 including a Covid rider. Unfortunately at this time we cannot drive across the border but there are flights.

[pauld315]

The Canadian owners will just rent out their homes here in TV so there will be an even higher percentage of renters here this winter. That's my prediction.

[yankygrl]

There is an article on the front page of today's Wall Street Journal talking about the difficulty of Canadians driving to their winter homes in Florida, Arizona and Texas. According to this article there are about one million Canadians who spend their winters in the US sunbelt. Does anyone have an opinion as to the impact this will have on the rental market in TV?
There are plenty of rentals available in TV, issue as I understand it it the boarder is still closed and they can’t drive down but could fly.

[Jcreason]

Last time we looked, there were no rentals available in the villages on home rental sites such as Airbnb. That would seem to indicate that if the Canadians are not coming, someone else is taking their place. Our renters from Michigan are enthusiastically looking forward to their winter in TV.

[Dgodin]

I think we'll see plenty of snowbirds because there are a lot of activities open down here despite covid, and it the warmth will still be a draw. I am more interested in the impact of the apartments like the lofts on the rental market. Will the lofts, the planned apartments at the town squares, and the Hacienda Hills facility drive down the cost of rental homes or cause more empty rental homes?

[mulligan]

Best thing that could happen is NO RENTERS show up. Be much better without all those people that have no investment in the community, and landlords that pay no attention to the condition of their property.

[tophcfa]

Driving around in the golf cart I have definitely seen way more signs for both homes for sale and for rent than ever before. The pandemic is definitely effecting the housing market regardless of what people want to believe. Uncertainty abounds.

[charlieo1126@gmail.com]

Who cares? It will be a relief for traffic. that it’s the family’s fault when businesses shut down??

[charlieo1126@gmail.com]

Last time we looked, there were no rentals available in the villages on home rental sites such as Airbnb. That would seem to indicate that if the Canadians are not coming, someone else is taking their place. Our renters from Michigan are enthusiastically looking forward to their winter in TV. 300 Airbnb on web site for villages

[Two Bills]

A lot of Florida businesses depend on the winter season to get through the year, even in good times.
Unless the shortfall is made up from renters within the USA, many businesses who are already suffering due to Corona, will be gone next year.

[Tom M]

There is an article on the front page of today's Wall Street Journal talking about the difficulty of Canadians driving to their winter homes in Florida, Arizona and Texas. According to this article there are about one million Canadians who spend their winters in the US sunbelt. Does anyone have an opinion as to the impact this will have on the rental market in TV?

Personal opinion -- Yes, there may be less Canadian renters due to international travel restrictions. HOWEVER, there may be MORE northerners renting in the Villages due to international travel restrictions. I believe people are anxious to travel and the challenges with traveling internationally may cause more domestic travel that offsets (possibly more than offsets) the Canadian impact.

[Laker14]

I would expect a considerable drop off in the Canadian migration, and a slight drop off in the US snowbird migration. I wouldn't be surprised if the market for buying/selling drops off a tad, temporarily, due to the reduction in snowbird traffic. I also wouldn't be surprised if I am entirely wrong. My opinions on such matters are seldom correct. I am coming down from NY State to rent for 6 months. Can't wait to get to TV. I might even buy a place. Maybe. We'll see.

[asianthree]

Best thing that could happen is NO RENTERS show up. Be much better without all those people that have no investment in the community, and landlords that pay no attention to the condition of their property.

Sure empty homes, flood the market. That will increase your home values

[tophcfa]

Uncertainty causes people to pause and put usual plans on hold. Some examples, people are uncertain about the safety of flying, taking shuttles, staying in hotels and using public restrooms. People are uncertain about their health insurance covering a Covid infection in an area away from their primary home. People are uncertain if/when a second or third wave will rear it's ugly head causing shutdowns and a possible quarantine requirement when traveling (either to their destination or coming back home). People are uncertain if the usual activities they seek out for enjoyment when traveling will be available during a pandemic. People are very uncertain if other people will be practicing safe social distancing and mask wearing when traveling away from their primary home, potentially putting them in risky situations they would prefer to avoid. People are uncertain, and afraid, what will happen after the election and if the economy and the financial markets might put their retirement savings at risk. Many people have loved ones that are struggling and/or at risk during the pandemic and would prefer to stay close by to be able to better support these folks. The list could go on and on, but people like predictability and some sort of certainty. During these times, many would prefer to hunker down and ride out the storm until things somewhat normalize, whenever that will be???