Business
WSGF - Vaycaychella Customer Prospects Could Find Bargains In Urban Markets
WSGF - Vaycaychella Customer Prospects Could Find Bargains In Urban Markets.
About this update from Vaycaychella Inc.
[{"type":"text","content":"\n\n\n\nWSGF - Vaycaychella Customer Prospects Could Find Bargains In Urban Markets\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nWSGF - Vaycaychella Customer Prospects Could Find Bargains In Urban Markets\nPR Newswire\nDALLAS, Jan. 14, 2021\n\n\n\nDALLAS, Jan. 14, 2021 /PRNewswire/ -- World Series of Golf, Inc. (OTC Pink: WSGF) (\"WSGF\") recently entered and set its primary focus on the short-term vacation rental market through the acquisition of Vaycaychella.   The new business focus is connecting prospective, entrepreneurial, short-term vacation property buyers with alternative investors to back property purchases – entrepreneurs looking to own and operate rental properties through applications like Airbnb, VRBO, and Booking.com.\nToday, Vaycacychella is connecting entrepreneurs or \"rentrepreneurs\" with investors on a first come, first serve, manual basis.  However, Vaycaychella plans to beta launch a peer-to-peer (P2P) application (app) to automate the connection of short-term rental property buyers with alternative investors in February 2021 with a production launch anticipated in June.  The company is targeting $100 million in revenue in the first twelve months following the production launch.\nAs the company continues to advance its P2P app, it is at the same time highlighting market opportunities for rentrepreneurs that might use Vaycaychella's current or future services.\nYahoo Finance today published an article indicating a drop in demand and increased inventory of properties in urban markets.  An example excerpt from the Article today:\nIn the Atlanta Fed's territory, \"Existing home inventory remained extremely low in many markets, continuing to place upward pressure on home prices. The pace of new home construction continued to lag behind demand...However, builders noted the ability to pass along rising costs to buyers through higher home prices.\" Meanwhile, \"Commercial real estate (CRE) activity continued to be impacted by the pandemic.... Recent CRE asset valuations confirmed that values have deteriorated and may be cr...