At a recent Florida economic summit in Polk County and as reported by TheLedger.com, a top economist made some enlightening predictions for 2010.
Although much of the analysis centered on local conditions for Polk County, much of the presentation dealt with the Florida economy out to 2011. However, Polk County economic information is significant because many vacation homes are located in the county (Davenport).
Some of the Polk County information and Florida conclusions included:
- Florida’s economy will lag behind the national economy in terms of employment and strength of recovery
- Mortgage delinquency rates are still rising and more foreclosures are expected in 2010
- Area unemployment is expected to peak in the 12-13% range
- Although the rapid economic decline appears to be slowing, actual job growth will not take place until 2011.
Over a year ago we blogged about what we felt were opportunities for vacation rentals in the Orlando area. In light of these Florida economic conditions, vacation villa rentals now offer an even greater value over traditional accommodations such as hotels rooms.
Self-catering homes present a great opportunity to save big money on vacation as they can offer 3 to 7 bedrooms, multiple living spaces such as bathrooms and living rooms, your own private pool and garage as well as fully equipped kitchens all for the price of a decent hotel room.
If you are looking for value in a tough Florida economy, check-out vacation home rentals as a viable value-oriented option.
Vacation Homes in Polk County
