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

To: BWAC who wrote (108764)3/10/2008 11:04:38 AM
From: John VosillaRespond to of 306849
 
'You mean like the $1000 I'm paying for the two year old 4BR oceanfront condo to rent it for the month'

Funny as the new luxury condos $500-800k by the beach for sale down here cost you over $1k a month in just HOA and RE taxes. Good news for the owner of the unit your are renting is it will be a bit little less<g>.

The whole resort community rental thing makes no sense to me cause if you can easily afford it why bother letting tenants into it for a few months a year and potentially destroyed all your expensive furnishings. Flip side is if you are an underwater speculator with a total monthly cost of perhaps $4k why even bother at this point



To: BWAC who wrote (108764)3/10/2008 12:25:52 PM
From: alanrsRespond to of 306849
 
Exactly. I wrote thousands to include the high season. Really great deals can be had in shoulder seasons.

ARS



To: BWAC who wrote (108764)3/10/2008 12:26:40 PM
From: Peter VRead Replies (2) | Respond to of 306849
 
Even if you had to pay $5000 for the month you'd still be WAY ahead of owning it. Besides, if you own a place, you are stuck with going there all the time. If it's not close enough to drive, you won't go there more than a few times a year.

I'd rather go different places if I have to get on a plane.

I guess second homes are good for those with too much disposable income, but I'm not there yet.


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