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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: bernard rogers who wrote (23260)	8/16/2004 11:35:57 AM
From: Tommaso	Read Replies (2) \| Respond to of 306849

Where exactly on Oak Island you you find a rental that cheap (I know you mean winter)? That's a good choice. There's a brand new upscale little supermarket almost right at the stoplight where the main drag joins the road from Caswell Beach--though prices are probably 15% lower back over at Food Lion.

To: bernard rogers who wrote (23260)	8/16/2004 11:38:07 AM
From: X Y Zebra	Respond to of 306849

thanks for the info and more importantly for the ideas, (which I have been brewing my own version for a while anyway) more power to you !

To: bernard rogers who wrote (23260)	8/16/2004 11:42:41 AM
From: BWAC	Respond to of 306849

<Winter beach> $300k sunk into a oceanfront condo gets you huge property insurance costs, maintenance costs, property tax costs, hoa fees, hurricane worries, special assessments after the hurricane wipes out the pool, more special hoa assessments, and either Interest costs or loss of income the 300k generated. $300k in the bank more than pays for your one month of hassle free and worry free stay at $700 per month. In fact, you could probably stay about 6 offseason months just on the interest income the 300k would generate at a 5% return. Each and every year. Of course you would miss all the capital appreciation. <g>