I want to represent another aspect of real estate in Florida and how it is doing as an investment. Florida is an incredible vacation destination. I happen to live near Tampa, but not close enough to the water to consider using our home as a vacation rental.
I have a couple of friends, though, who live in the Orlando area. They work at Disney, in fact. They obviously live in a location where people from all over the world are looking for a typical Florida rental vacation home with a pool and the luxury of staying in a place that doesn’t feel like a hotel. They have been able to pick up a couple of homes in the past couple of years in the pre-building stage and have turned them into very successful vacation properties. They can demand high fees, because they are near the parks and cater mostly to Europeans who book lengthy stays. So, not all aspects of the market are dead in the water.