Snowbird selloff: Canadians are parting ways with U.S. properties
'If you’re Canadian, you’re either putting your house up for sale and leaving or you’re talking about it,' says snowbird Bob Gass.
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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.
And in the current context, people are very motivated to get out of them.
Have the day you voted for, Florida, you stupid fucks <3
Ironically, a large portion of that industry is owned by the Timeshare industry. You can imagine that they aren't always the most effective at getting people out of those contracts.
Will people just abandon them and the bank accounts they’re linked to?
I would. If these people are Canadian citizens, why would they care if some US company sues them in US court?
For those of us without timeshares this would seem an obvious solution. But these are people who already spend 6 months there and signed up for a time share in the first place.
But I'm saying if they break their contract and just stop paying for the timeshare, these US companies have little recourse to recoup that money from people who live outside of the US and don't plan on returning.
Yeah; those of us who would never plan to return would do it in an instant—but we wouldn’t have bought a timeshare in the first place. These people plan to return as soon as Trump is out of office.
