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Jennifer Openshaw, Family Financial Network CEO, on a new trend emerging for travelers— staying closer to home.
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Tensions and a better reserve your heart -- tub complimentary bottle of champagne now because.
You don't wanna aerial bombs in the Poconos is going to be -- -- But -- folks not spending.
Those looking to get away are not looking to get too far away my next guest says that's another side and consumers aren't confident in the financial -- CEO.
Jennifer opened so generally I guess what they're doing is sticking closer to -- Well they are consumers are really pulling back on their spending -- and the two key driving words are priced in proximity.
People are not buying places that are far away and we're also seeing that -- those are.
Our going on vacations are also older people lend so they're looking to stay close and cut down on -- travel costs.
All right well it depends on what your idea proximity is -- I can understand the frustration and expense.
With flying but people do driving -- -- are close by vacations couldn't it's still amount to.
A bonanza for those locales.
Well I think -- can and that's a little bit of good news 'cause we're seeing not only people going on vacations or -- cases as -- come close by.
But we're seeing vacation home buyers.
Also staying much closer people are buying -- vacation homes in Florida and Nevada rather than in -- places.
And I think that's a good as science forum for the real estate market at least in the near term and of course if you're heading on vacation and may need that you want -- And make those reservations sooner than later for that very reason -- you always.
Hear these reports senator that the airlines are -- since this summer -- flights you know know -- everywhere.
Bonds so why does it people are gonna have the hassle and the ticket prices and all the nonsense and and they're doing it anyway I guess the concern is that this keeps going like it's been going they won't be doing that for long.
Now I don't think -- you know it's interesting I was talking to do at gentleman -- and that that the -- -- -- you can get for airlines are actually quite have reduced if you take the time to really shop around.
I think that we're gonna see even more home swapping people who are buying.
-- vacation homes had been vast majority of them 91% will be renting them out.
And so will be -- more home swapping and I think another interesting thing -- is that you know.
Even train tickets let alone plane tickets can be expensive for families but some people are starting to turn more to.
The Greyhound.
Because believe it or not you can take a whole family for a fraction of them at that price.
And have a pretty good experience by the way gas prices.
Our.
Two times what they -- about three years ago so that's really hard for people to -- today.
It's very good point Jennifer -- you always make him thank you very much for joining us.
Well you know you're about to run out of money.
He would probably -- spending money but if you are the United States government -- double down on spending morning.
Even when you know exactly -- the day when you're gonna run out of money.
