Will the bad economy impact my business?

Question

If you start a company who buys hotels and resorts and make it better so you make a profit?

Answer 1

we are in a recession soon to turn into depression. real estate market is flat lining, prices are going up on everything. tourism industry will most likely be hit hard. no one has money for a vacation,  especially with oil at 126 a barrel and going up $3 every week.  think necessities.

Answer 2

no

Answer 3

Bad economy affects all types of business........

Answer 4

I think it would depend on the time horizon of your investments.  If you bought hotels and resorts in Florida right now you could get them for cheap.  You would have to hold them for a few years and wait for them to appreciate.  Holding the hotel & resorts for 2 years would also allow you to report the income at the lower capital gains rate.

Answer 5

Yes , it effect all kinds of business.