Something is different this season

[AAbsolute]

Don't let the media know about this....

Watch, when the broader economy has turned up the media will be just as irrationally exhuberant about the turn-around as they were about the down-turn.

I remember a morning in 1993 like it was yesterday morning. I was watching Mark Haines on Squawk Box and he reported the winners vs losers from the day before. The greens outnumbered the reds by about 60 to 1 and he said, "when's the last time you saw that?" From my perspective that was the beginning of a long cycle that was predominantly up.

This Thread was intended as more of a micro view. There is something very positive happening right now on 30A.

 

[gmarc]

No question 30-a is very busy. But unfortunately i believe the economy at best is in for a decade long period of stagnation much like japans lost decade.Cnbc will always hype any small upturn as the start of a new bull mkt. The debt overhang of the gov'ts $10 trillion of spending will be a drag on the economy for a long time. But 30-a is 30-a and will always do well.

 

[scooterbug44]

I think it's a combination of many things - crime in Mexico, the costs of air travel vs. loading up the car and filling it w/ $2 gas, a reality check as to what is important, people needing a break, the slow economy making people more likely to take a vacation, the slight recovery in the market etc.

Don't think I would refer to it as optimism, but it sure is nice to see so many people here!

 

[robertsondavies]

But 30-a is 30-a and will always do well.

Yes. Correct. So who is trying to screw with the golden goose and put taco bells on 98 in South Walton? ??????? and signs all over the g-dam place along 30-a

 

[scooterbug44]

Yes. Correct. So who is trying to screw with the golden goose and put taco bells on 98 in South Walton? ??????? and signs all over the g-dam place along 30-a

And the folks who are causing problems for any venue w/ live music and any restaurant/bar that tries to reopen! :angry:

 

[beachmouse]

My sister was talking with some management company folks and they said there seem to be more Walton & Okaloosa condo owners who are willng to rent to the under 25 set (ie. college students) this year in order to guarantee more spring income coming in than in years past. And the Miramar Beach area near Whale's Tail has been slammed with the college crowd.

 

[Miss Critter]

And the Miramar Beach area near Whale's Tail has been slammed with the college crowd.

Looked like an MTV production there this afternoon.

 

[Sandcastle]

There's quite a bit of new construction in our neighborhood. That's encouraging.

 

[30ashopper]

Indeed, affordable destinations are among the bright spots in the industry: It costs just $77 for an adult season pass to the Dollywood theme park in Pigeon Forge, Tenn., which opens this weekend, and spokesman Pete Owens says season-ticket sales are up about 7% so far from last year. "Families are forgoing the cruise or the European travel and trying to stay a little closer to home, budgeting more," he said.

Travel Spending Sinks Sharply - WSJ.com

Overall tourism related industries are getting hammered. Destin though may not get hit as bad as some due to its location and cost. Restaurants that stay afloat are likely benefiting from all the closures, and people who made sound real-estate decisions will likely benefit from the lack of property on the rental market due to foreclosure. Capitalism at work folks.

 

[AAbsolute]

Travel Spending Sinks Sharply - WSJ.com

Overall tourism related industries are getting hammered. Destin though may not get hit as bad as some due to its location and cost. Restaurants that stay afloat are likely benefiting from all the closures, and people who made sound real-estate decisions will likely benefit from the lack of property on the rental market due to foreclosure. Capitalism at work folks.

Sounds well thought out. I imagine that when you say Destin you are talking about SoWal as well.? I've talked to many visitors who refer to 30A as Destin. In fact, when I first visited Sandestin in '95 Russell Walters (previously with Sandestin in house real estate) told me Sandestin was in Destin.