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

To: Amy J who wrote (27465)	2/25/2005 6:21:45 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 306849

"If one could give Marriott money to stay in a variety of homes over a period of a year, that could have more value than staying in one fixed home in one fixed location. If they have time shares for condos, why don't they have them for houses?" Sometime in the past, I read an article, or somebody sent me an e-mail, about a fellow who was going to spend his retirement on cruise ships. The cost worked out to be about the same as owning a house. Has the advantage of being a floating hotel, so you don't have to unpack a lot. They even have infirmaries. Maid service. casino, swimming pools, blah, blah...what more could you want, especially if you are a Wharf Rat

To: Amy J who wrote (27465)	2/25/2005 9:17:54 AM
From: Kevyn Collins-Thompson	Read Replies (1) \| Respond to of 306849

If one could give Marriott money to stay in a variety of homes over a period of a year, that could have more value than staying in one fixed home in one fixed location. If they have time shares for condos, why don't they have them for houses? In the places that most retirees would want to go - urban and vacation locations - I just don't think enough people could afford to rent something house-sized for a few months at a time. Maybe there's some more clever combination of slightly off-location combined with local travel that would work. Kevyn

To: Amy J who wrote (27465)	2/25/2005 1:05:04 PM
From: John Vosilla	Respond to of 306849

Real estate is very costly and time consuming to manage and maintain especially as it ages. Property management of second homes or investment property makes a lot of sense when you live far away and are trying to generate income from the property. Condo Hotels have become a big business though IMHO it is going to be a disaster for the owners. The prices are astronomical as are the costs and fees. Most of the areas are seasonal even a place like Disney World which is already so oversupplied and has significant downtime in the fall and late spring. I can imagine a resort area with only one season being a very expensive investment for that owner who uses it a couple of weeks a year. Too many people counting on appreciation these days to bail them out down the road.