Homehttps://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/Businesshttps://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/The rents in the Cape Cod are unexpectedly slow in summer
The rents in the Cape Cod are unexpectedly slow in summer
"I'm usually hired," she said. "I think people stay away."
Last-minute deals and vacancies can be a grace for late summer. But some property owners in the Cape Cod attribute an unexpectedly slow summer to a troublesome pair of unwanted arrivals: sharks and taxes. Taxes passed last winter took their first bite on July 1, levying hotel rentals for summer houses for the first time in Massachusetts, adding 12.45 to 14.45% to already steep levels.
Commerce recognizes down the market, although it has not yet seen data about June, to know how bad it is. But rents in hotel rooms for which taxes are unchanged have also fallen by about 5 percent so far this year, said Chief Executive Officer Wendy K. Northcros, who noted how unusual it is. "Over the last decade they have risen over the year," she said.
Northcross suspects that other factors are in play outside the sticker of the shock of new taxes: wet, nondescript spring and overcharging rents in the market.
"Time is not our friend," she said, underestimating part of the state that saw two rare tornadoes last week.
And, of course, sharks are not good for beach holidays. Last week of swimming for a short time, several beaches of Cap had been interrupted, for safety alone and outside of Truro, witnesses said they saw a terrible "blood eruption" because the seal was swallowed up by a shark.
Haruich – it was the tornado – so Kahlanne is not sure why her house was neglected for the first time in two decades.
Some property owners have tried to mitigate the impact of tenants by dropping their rental charges. Salsberg, co-owner of Lieutenant Island's house in Wellfleet with his wife and friends, cut his rate by 12.45% before the season.
But his house on the beach, with a huge deck and panoramic views, is still open week – and in the last week of August, even after cutting the price by another 23%.
He thinks they've lost $ 10,000 for the summer. "I will pay for this state income tax," he said. "All he does is hurt individuals like me and tenants looking for the opportunity to just be in the house by increasing their costs."
Taxes pushed on July 1. , whose year-round rents began technically in June. Reservations that were booked before 2019 are also released this year.