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

To: Peter V who wrote (108794)	3/10/2008 12:49:49 PM
From: BWAC	Respond to of 306849

I think the HOA fees are $700 a month. (Not including the mega bill that comes in about every 10th year as a special assessment because the hurricane washed away the pool and damaged the front of the building)

To: Peter V who wrote (108794)	3/10/2008 1:32:56 PM
From: Tommaso	Read Replies (1) \| 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.<<< Exactly my position and views. I can rent a friend's 3-bedroom beach house, a four-hour drive away, any time I want to (except summer high season when I have to reserve in advance) for $80-$100 a night. Leave my own kayak there. I like to feel free to fly or cruise wherever there's a good deal going. (For a REALLY good deal, I got transcontinetal airline tickets--two roundtrip nonstop to California--on something called Skybus for a total of $72 for BOTH, next month). No thank you, no hassles with break-ins, hurricanes, leaky faucets for me.