Coronavirus and vacation town impact?

[Eric P.]

I still think we'll see the economy bounce back sooner rather than later, and I don't think there will be too much impact on housing prices overall, but I do think vacation towns could get really hurt.  

In NJ for example we have the Jersey Shore that demands high weekly rents about 3 months out of the year.  Those 3 months typically more than cover expenses for the year, but I imagine a ton of non-savvy investors of those beach town houses can't afford to miss those rents.  

If this does stretch into July-August I think we could see a ton of houses start hitting the market out of desperation.  I saw an article that even predicted a potential 45% drop?

Curious of everyone's thoughts, we weren't planning on a vacation home for another 3-4 years but if that's the case I think we'd be crazy to wait.