“The U.S. Travel Association says Canada is the top source of international visitors to the United States and just a 10 per cent reduction in Canadian travel could result in $2.1 billion US in lost spending – New York is one of the most visited states.”

  • BeigeAgenda@lemmy.ca
    13·
    7 days ago

    From what i hear 10% reduction is a positive estimate, it will more likely be a 80-90% reduction.

    • Reannlegge@lemmy.caEnglish
      6·
      7 days ago

      Yes as I understand it snowbirds are all selling their properties down south, flooding the market with for sale properties. That will bring down the value of properties just because of Capitalism Baby! Which in turn will bring down property taxes and those area’s will see great losses in revenue.

      This leads to less money being invested in areas that need the investment and eventually less money going to the areas that do not need the investment but get it anyways. Which in turn leads to less money being invested in the market which leads to recession.

      Recession if Trump and his billionaire buddies decide to stop this poop before it gets to far out of hand. I do not see Trump telling his buddies he is going to stop fixing the market for them to short stocks so depression baby!