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- cross-posted to:
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Uh, selling off your Phoenix property is a smart move no matter who’s President. That place is going to be unlivable in a couple of decades. Try getting your investment back then.
A lot of Canadians bought houses in Arizona during the 2008 financial crisis. Selling them just before Trump got elected would have been a great investment. Still a pretty good profit selling now.
What I’m curious about is those Florida timeshares that are impossible to get out of. Will people just abandon them and the bank accounts they’re linked to?
They can always just keep paying and not use it, or let some of their American friends use it. But they are not impossible to get out of. There is an entire industry revolving around transferring timeshares. Like any other contract, it is more costly to get out of early, but it can be done if you are motivated enough.
“We had many people stop and apologize for what’s happening. And they feel terrible,” said McMullen.
I bet their former neighbors in Arizona don’t feel so bad that they’ll stop voting Republican, though.
They probably will just wonder why their towns are doing so poorly economically without connecting the dots. Canadians (and snowbirds in particular) are pretty sizable part of the US economy.
… they’re not the same groups of people
