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

To: John Vosilla who wrote (46358)12/30/2005 11:16:33 AM
From: George8Respond to of 306849
 
>>Holding costs are incredible on those things.<<

Understatement of the current bubble is all the built in future ridiculously high cost of ownership on these things.

Every time I go to see these units, I have to feel humbled and shake my head... $1 mm for 2500 sf and $25k taxes and fees a year.. You want golf membership? $200k for initiation and $10k annual dues. And these units are not even on the water.

Yike!



To: John Vosilla who wrote (46358)12/30/2005 12:21:58 PM
From: Jim McMannisRead Replies (1) | Respond to of 306849
 
We have another tropical storm out there, Zeta. I shudder at the next hurricane season. Forecasters have said that hurricane seasons are going to be more active than usual for at least another decade — and possibly as long as 50 years.

wunderground.com


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