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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: KM who wrote (46093)12/26/2005 3:37:47 PM
From: John VosillaRead Replies (1) of 306849
 
"The days of plunking down 10% on a pre-construction unit and doubling or tripling your money in a year or so are definitely over. We will probably see many of these "investors" clinging to their expectations and refusing to sell at realistic levels. They will soon be paying thousands of dollars a month for their "investment" unit, hoping for resumed appreciation. That said, if you want a beach get-away in a great little beach town, now is a great time to be looking."

I still don't get why now should be a great time to be looking. Why not just rent for a couple of weeks or couple of months when you want to be there and save all the monthly costs along with hurricane threats on a probable depreciating condo for years to come.. Inevitable the flippers self destruct and you can buy next cycle for a fraction of today's dollars assuming you even want anything to do with Florida if this global warming/hurricane recent phenomena is real..
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