Law Of Unintended Consequences

From what I understand from people who voted for the current administration, many were unhappy about the way things were going and wanted to change. I always say be careful what you wish for. So a change we got. We now have the disrupter in chief. Some say he uses disruption as a negotiating tactic. Fine if you are doing it on behalf of yourself, but for a whole country it has consequences.

I am in a Facebook group for Pawleys Island, basically because my parents lived there for 20 years. I had an office there with my Dad and spent lots of time working there. Not that we have a place there now, but I did spend my whole life going there, so I stay in this group. I have been reading a lot of posts from people complaining that their homes and condos have stopped being rented at anywhere the same rate they have been in the past.

These people are wondering out loud if this is happening to others and they don’t understand why it is happening. The response has universally been the same, all rentals are way down.

Now I don’t respond in this group. But what is happening is clear to me. For all the years I worked in Canada my clients and friends there would beg us to have meetings for them at our Pawleys office. They loved to come to Pawleys and Litchfield and the whole Grand Strand. They would fly in for the meeting and would then take another weeks vacation while they were there and play golf.

When the head of your country threatens your biggest trading partner and closet neighbor and friend with 25% tariffs out of the blue that pisses people off. What do pissed off people do? Stop coming to visit and spend money in your country. It does not matter that the trips were paused for 30 days. They still stay pissed off.

So for all those people who wanted a change, you got it. It is your loss of revenue, not the president’s. It is your state who will have lower revenues because of loss of tourist taxes.

Be careful what you wish for. You are the ones facing the unintended consequences.

To all my Canadian friends I send my personal apologies. Know I love you and would never endorse treating our best friend that way.


2 Comments on “Law Of Unintended Consequences”

  1. elainewood0c72f6a442's avatar elainewood0c72f6a442 says:

    Dana,
    Rentals have been down since Covid—here and in Mexico. We have a Nags Head house that we put in the rental pool when my husband was getting sicker. It stayed rented through mid-January. We had been closing up New Yrs wknd because of low temp/frozen pipes. All of Dare County is down—and that started post-COVID. People are traveling more to other places, I thought. And then my friend who has 3 condos in Puerta Vallarta told me that rentals are down there, too. She used to invite several of us for at least 4 or 5 days—& then she would call& say that she had a rental opportunity. I always—because this is a major part of her income—said “next year,” and will continue. In reading WSJ, I see that this is an issue all over the world. I do not think that this is President Biden’s OR President Trump’s fault. Economics is history!
    My 2 cents worth…
    Elaine
    Sent from my iPhone


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