Comments on: America’s Cup Property Rental Drop Coming

By: Theresa T

Theresa T — Mon, 03 Jul 2017 17:38:42 +0000

Especially in West End………it was nice for them while it lasted I am sure!! Can’t see anyone getting 5 k!!

By: Real Onion

Real Onion — Sun, 02 Jul 2017 13:37:06 +0000

Bermuda boosts some of the most GREEDY and SELFISH property owners in the World.

Stay Empty!

By: Kim S

Kim S — Sun, 02 Jul 2017 12:11:13 +0000

Oh for goodness sake, stop! Everyone knew the AC was only for a fixed time. Sorry to be the one to remind us but there is no gravy train! It’s up to us to create opportunities and as those opportunities come and go (as they will) we must do it again… and again. If only life were that easy… minimum effort = maximum return!!

By: shakinerah

shakinerah — Sat, 01 Jul 2017 16:33:49 +0000

Now I understand why reading comprehension was a test subject.

By: Alvin Williams

Alvin Williams — Fri, 30 Jun 2017 21:22:38 +0000

They believe the hype now the bubble has burst it happens all the time.

By: Enough

Enough — Fri, 30 Jun 2017 18:31:12 +0000

Huh? These were rental properties and they jacked up rents for AC. So yeah, they made some money out of the AC, do you have an issue with that?

These are rental properties that Bermudians own. What are you talking about with this ‘divided by status’ bullsheet?

By: Toodle-oo

Toodle-oo — Fri, 30 Jun 2017 15:32:48 +0000

* The thing is we will need a smart person to explain to service providers why landlords cannot afford to pay $40 ph to painters and $75 ph to plumbers and electricians. *

And maybe it’s the other way around ? Perhaps the people who work for those painters and electricians (and all other service people as well) have to demand high wages because their damn rents are so outrageously high .

The very first thing on a person’s mind when they’re job hunting is , is the wage enough to cover my rent . Everything else pales in comparison . And therein is where the vicious circle begins .

By: Kathy

Kathy — Fri, 30 Jun 2017 12:49:14 +0000

I think we will encounter another mini-recession now that the AC is leaving. The going was good, but it sure didn’t last for long!

By: Sara

Sara — Fri, 30 Jun 2017 12:25:10 +0000

Yes, that is not going to happen.

By: aceboy

aceboy — Fri, 30 Jun 2017 09:17:44 +0000

“They have transformed their homes into vacation rentals as well,” she said. “They may be able to continue renting their homes as vacation homes throughout the summer season but once the season dies down and they consider going back to a long-term rental, that’s going to effect” prices.

By: Rasta

Rasta — Fri, 30 Jun 2017 01:34:17 +0000

PLP get in rents will come down 75%

By: sage

sage — Thu, 29 Jun 2017 23:12:10 +0000

Landlords can always do their own work for free.

By: wahoo

wahoo — Thu, 29 Jun 2017 22:42:21 +0000

Zackly what I was thinking, we did not need a real estate insider to point this out to us. The thing is we will need a smart person to explain to service providers why landlords cannot afford to pay $40 ph to painters and $75 ph to plumbers and electricians.

In 2025 things will be better.

By: Truth is killin' me...

Truth is killin' me... — Thu, 29 Jun 2017 18:57:47 +0000

The price will adjust to market demands. If they don’t see they will feel!

By: Datbye

Datbye — Thu, 29 Jun 2017 18:13:53 +0000

I agree this is crazy, cost too much to live in your own country.

By: A Chap called Vanz

A Chap called Vanz — Thu, 29 Jun 2017 17:56:35 +0000

Have no sympathy for greedy landlords.

By: Rada Gast

Rada Gast — Thu, 29 Jun 2017 17:39:04 +0000

The article is not talking about vacation rentals.

By: Toodle-oo

Toodle-oo — Thu, 29 Jun 2017 17:37:43 +0000

Ahh , real estate agents . You gotta love ‘em .

I know of 3 people who happened to have empty units just at the time that the AC was really building momentum .
The agents wanted to rent out their units to people directly associated with the event for more than 3x’s their actual rental value .
Not because there as any shortage of housing (and there won’t be for a very longtime either) not for the benefit of the landlords but for the fact that they could bolster their commissions !

Now they’re telling the same people that they’re going to have to settle for less (which is still too much) again .

And we wonder why everything is so damn expensive here .

By: Onion Juice

Onion Juice — Thu, 29 Jun 2017 16:37:07 +0000

How bout retail stores.

By: aceboy

aceboy — Thu, 29 Jun 2017 16:34:19 +0000

Anyone who needs to be told when to lower their prices should not be in the vacation rental market at all.

If they are relying on being told these things I would suggest they find a new line of work.

By: puzzled

puzzled — Thu, 29 Jun 2017 16:29:05 +0000

Does not make sense.
Were they empty prior?

This is bullsheet and you wonder why Bermuda is so messed up and divided by status.

By: Politricks

Politricks — Thu, 29 Jun 2017 15:46:55 +0000

Even $5k for a 3 bedroom in Somerset is too much…