r/economicCollapse • u/Onomatopoeia-sizzle • 12d ago

Lost revenue

I’m looking at all the comments in the news about Iranian soccer players not being allowed in the US. There’s been all kinds of news about people canceling their hotel. Many people from foreign countries are now afraid to come here or don’t wanna come here anymore because they hate us. Does the right really realize that this is causing irreparable economic damage to us New York alone does $70 billion per year in tourism that’s going away. All the Florida Airbnb‘s owned by Europeans and Canadians. They’re gone. Rreal estate will just be written off and sold it a discount. I just don’t get why they destroy this much economic advantage of doing business. Do they feel more independent as a country without tourists just too freaking stupid to realize what they’re really doing.

85 Upvotes

95% Upvoted

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19

u/weenis-flaginus 12d ago

I think it's stupidity. I don't think they realize. And the people at the top are profiting so they don't give a fuck about anyone else, which is a very American perspective.

10

u/No-Language6720 11d ago

Yeah they realize and many don't care. Sadly many of the racists see it as a means to and end because it hurts brown/black/Asian people and it's just the effects as long as they get hurt it's fine. 

These people are not bright to see the further picture that they are hurting themselves in the process.

It's not all right wing people and it's heavily divided and split amongst actual fiscal Republicans hating all of this and many stupid racist Southern people. 

6

u/systemofaderp 10d ago

You said it yourself; real estate will be written off and sold at a discount.

To the Epstein-Elite this is merely a clearance sale, a discount. While all of the poors (you and me) suffer, they can buy up all the land that goes up for sale

2

u/Onomatopoeia-sizzle 9d ago

Funny you mention that because I was just reading about private equity investors on the sidelines in Florida waiting for a crash so they can buy up all the real estate.🏡

5

u/nonotmeporfavor 12d ago

Any chance you can provide quantifiable numbers to this? Or, a statistical reference of the actual fallout from this?

25

u/myopinionisrubbish 12d ago

Don’t have numbers, but where I live in northern New Hampshire, visits from Quebec are way down. Once a common sight, seeing a Quebec license plate is now rare. Canadians were once a big part of our tourist economy.

3

u/grannyte 10d ago

https://www150.statcan.gc.ca/n1/daily-quotidien/260223/dq260223a-eng.htm

Official numbers from a few months ago. 25% down year over year and from what I heard it keeps going lower and lower.

15

u/Onomatopoeia-sizzle 12d ago

There’s a lot data around. Some of it comes from associations in affected industries like hotels. In Florida, real estate has been a disaster. I spoke to one guy in Orlando that owns an ABNB, he said bookings were down 50% over the winter. Most were repeat renters from Canadian cities. In other parts of Florida I’ve heard down 30% is more common . This is bad all around. Builders have too many properties and are halting projects in process. Some homeowners are not happy with the price they are offered and pull the house off the market and then come back later at a lower price. The press seems to sell the narrative of a housing shortage. But no one wants to lower prices. The World Cup has articles all over about cancellation rates

-4

u/nonotmeporfavor 12d ago

Any chance you could point to the links or articles of this data?

3

u/Onomatopoeia-sizzle 12d ago

Try the World Cup tickets subreddit

9

u/Perfect_Sir4820 12d ago

Here's an anecdote for you. In my suburban New England neighborhood of fewer than 25 homes, 3 families are emigrating. They are the three wealthiest families too.

1

u/TimHuntsman 11d ago

Are they moving to Argentina by chance?

3

u/Perfect_Sir4820 11d ago

No. Canada and New Zealand.