Forum Discussion
GDS-3950BH
May 08, 2021Explorer
valhalla360 wrote:GDS-3950BH wrote:
Or they might realise based on what is happening in the real estate market the land is worth way more When used For residential or commercial development than it is for campground or RV park.
Commercial is hurting. Lots of places looking to eliminate office space and Amazon killing retail stores.
It is in certain places and sectors. We have 50 million worth or work on the books, half of which was signed in the last 2 months. A lot of mixed use, inner city projects. Retail below, apartments above. Plenty of light industrial.
I see the offices are returning to normal, too many folks skating time when working from home, and the rush hour traffic have come back with a vengeance.
All of that aside unless its in a tourist driven or other limited limited specific area, a campground is the worst use of real estate there is from a financial perspective. Especially so if it's in an area where winter comes into play.
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