Quote:
Originally Posted by 8gv
One would expect a business owner to want to maximize their return on investment.
The inventory of this type of rental in the lakes region has diminished over the last decade or so.
With an ever shrinking competitive set the rates will rise.
If a multi year renter is priced out their options may include staying at a lesser property, changing to a less expensive time period or having a shorter stay.
Sometimes change sucks.
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I think the key word here is "maximize." I've seen so many businesses—and, as a result, their employees and customers—destroyed by private equity in search of "maximum profit" rather than being satisfied with a more reasonable balance of profit, employee support, and customer satisfaction.
I know, I know—I'm probably not a realist—but I remember the days of shareholder capitalism when everyone could win.
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