COVID and the housing market

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At one point strippers were very cash rich if they didn’t have a drug problem. I knew a couple that did ok with slum level rentals . Rule one , don’t rent to strippers .
Happy to do some recon work with you ,I can talk Reno’s with strippers .


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crankcall said:
At one point strippers were very cash rich if they didn’t have a drug problem. I knew a couple that did ok with slum level rentals . Rule one , don’t rent to strippers .
Happy to do some recon work with you ,I can talk Reno’s with strippers .


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With currently going through the motions of taking over the parents' cottage in Wasaga, one of our thoughts is to just rent it out long term for a few years while we pay down the CG.

Obviously some changes / upgrades are needed to appeal to people, but I'm doing some research on Wasaga Beach rental market right now as it's a viable option for us currently. Maybe 2-3 years while the CG gets paid down, and then decide.

STR is obviously a higher risk because Wasaga cracks down on the STR market hard...however it's usually only by complaint from all my research.

Another option we are considering before we upgrade the basement is to build a small bunkie, but I'd need something that is for more cool weather and also with a bathroom / power...which changes the permit requirements 100%.
 
@mimico_polak don’t forget the winter rental for Collingwood skiing and sledders running east . Collingwood thinks it’s Whistler right now for pricing. We used to rent a Wasaga /Stayner place for the winter for sledding and skiing . Then a Wasaga place for windsurfing in the summer . If Tony’s holiday park is still operating in Wasaga , they had a picture of me with a never rent a campsite warning under it . Good times .


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crankcall said:
@mimico_polak don’t forget the winter rental for Collingwood skiing and sledders running east . Collingwood thinks it’s Whistler right now for pricing. We used to rent a Wasaga /Stayner place for the winter for sledding and skiing . Then a Wasaga place for windsurfing in the summer . If Tony’s holiday park is still operating in Wasaga , they had a picture of me with a never rent a campsite warning under it . Good times .


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LoL nice! Always good to be a part of history somewhere!

Tony's is about 3/4 of the way from our cottage to the beach (so maybe 1km from our cottage, if that). Still there, still overpriced but delicious ice cream.
 
mimico_polak said:
With currently going through the motions of taking over the parents' cottage in Wasaga, one of our thoughts is to just rent it out long term for a few years while we pay down the CG.

Obviously some changes / upgrades are needed to appeal to people, but I'm doing some research on Wasaga Beach rental market right now as it's a viable option for us currently. Maybe 2-3 years while the CG gets paid down, and then decide.

STR is obviously a higher risk because Wasaga cracks down on the STR market hard...however it's usually only by complaint from all my research.

Another option we are considering before we upgrade the basement is to build a small bunkie, but I'd need something that is for more cool weather and also with a bathroom / power...which changes the permit requirements 100%.
Click to expand...
Str open up hst on sale if you ever sell hst is due ont the full value.

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