Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jim McMannis who wrote (214342)	8/6/2009 8:51:52 AM
From: John Chen	Read Replies (1) \| Respond to of 306849

" Why not let the federal taxpayer bailout the Chinese drywall homeowners? " Cash for Chinese drywall homeowners. AWESOME.

To: Jim McMannis who wrote (214342)	8/6/2009 9:08:31 AM
From: DebtBomb	Respond to of 306849

"Why not let the federal taxpayer bailout the Chinese drywall homeowners?" AWESOME. Get out the pitchforks.

To: Jim McMannis who wrote (214342)	8/6/2009 9:08:53 AM
From: MoneyPenny	Read Replies (2) \| Respond to of 306849

The homes on Bonita Beach, like the homes on all barrier islands, are generally always for sale irregardless of the economy. A few years of the bills associated with a gulf front property usually makes owners think sell. Waking up and not being able to see your gorgeous view for all the salt spray can be disheartening as is the weekly window washer bill. Most of those homes were and still are bought with cash. Some, like the older beach homes on Captiva, are uninsurable. Ice Cream Dave has an MBA but makes a nice income peddling his bike with the palm tree sticking up. Some say 6 figures. Who knows, certainly not the IRS <G> In some developments, 50% of homes are for sale or in foreclosure. It is not time to buy as far as I'm concerned unless you are buying a home that is not in a development but is close to the gulf and plan to live there for a long time. I've lived here 15 years now and I know one Captiva home that has sold maybe 18 times in that time period. Call it Mildew Manor (there is a home near you on Siesta Key named that as well) It has been on the market now for over a year.