Nationally, nearly half of 2006 buyers are upside down

[AAbsolute]

Just to be sure, did I misinterpret your post? Are you saying presumed income of 95K is reasonable?

I could see renting a house like mine or the other peer I pointed out in Watersound Beach for 5,8000/month from October through March. I try not to live in homes we build for sale and I rent a great house in Watercolor for 5,200/month.

I know VRBO's that get nearly booked complete during the Spring and Summer. If a person treats it like an important business with discipline and marketing I really think they could book a house in Watersound Beach nearly full. There are a lot of family things to do in Sowal and Watersound Beach has rare nature. Our beaches are never crowded and I don't think they ever will be. Either you come in through the gate or you walk 2 miles to get around them.

 

[AAbsolute]

Flip in hours/days (sometimes pre-closing) for big $$$$$$$.

There's a word for that, and I'm pretty sure in antiquity it was called one of the seven deadly sins.

 

[TheSheep]

I could see renting a house like mine or the other peer I pointed out in Watersound Beach for 5,8000/month from October through March. I try not to live in homes we build for sale and I rent a great house in Watercolor for 5,200/month.

I know VRBO's that get nearly booked complete during the Spring and Summer. If a person treats it like an important business with discipline and marketing I really think they could book a house in Watersound Beach nearly full. There are a lot of family things to do in Sowal and Watersound Beach has rare nature. Our beaches are never crowded and I don't think they ever will be. Either you come in through the gate or you walk 2 miles to get around them.

Like a business, well said. Like any business, the ability to think outside the box yet demand certain parameters in a transaction are key, essential especially over time. Or should I bleat, "Times like these".

Baaaaaaaaaaaad timez.

 

[30ashopper]

I could see renting a house like mine or the other peer I pointed out in Watersound Beach for 5,8000/month from October through March. I try not to live in homes we build for sale and I rent a great house in Watercolor for 5,200/month.

I know VRBO's that get nearly booked complete during the Spring and Summer. If a person treats it like an important business with discipline and marketing I really think they could book a house in Watersound Beach nearly full. There are a lot of family things to do in Sowal and Watersound Beach has rare nature. Our beaches are never crowded and I don't think they ever will be. Either you come in through the gate or you walk 2 miles to get around them.

Wow, I can't believe people have that kind of money to burn on rent.

 

[TheSheep]

Just to be sure, did I misinterpret your post? Are you (AAbsolute) saying presumed income of 95K is reasonable?

I believe we need to be careful with rental rate presumptions as they are, unlike housing, much more flatulent :funn:than housing prices. For instance, in my neck of the barnyard

you are less likely to see long term rentals, those annual rates have a tendoncey and ligamentcy to approach mortgage payments; demand is up but supply hasn't moved in parallel. For that matter new builds in the Bonita/Naples/Ft. Myers area, near beach, are relatively few. Older, (many refinanced) housing dominates.

In SoCal there are barnfuls more beach/at beach properties which allows for a much different market (I believe, locals chime in).

 

[elgordoboy]

I believe we need to be careful with rental rate presumptions as they are, unlike housing, much more flatulent :funn:than housing prices. For instance, in my neck of the barnyard

you are less likely to see long term rentals, those annual rates have a tendoncey and ligamentcy to approach mortgage payments; demand is up but supply hasn't moved in parallel. For that matter new builds in the Bonita/Naples/Ft. Myers area, near beach, are relatively few. Older, (many refinanced) housing dominates.

In SoCal there are barnfuls more beach/at beach properties which allows for a much different market (I believe, locals chime in).

I believe you have gotten your ovine self turned around and are talking/bleating out of the wrong end. Much of what you post always seems to be on the verge of being comprehensible.

 

[30ashopper]

I believe we need to be careful with rental rate presumptions as they are, unlike housing, much more flatulent :funn:than housing prices. For instance, in my neck of the barnyard

you are less likely to see long term rentals, those annual rates have a tendoncey and ligamentcy to approach mortgage payments; demand is up but supply hasn't moved in parallel. For that matter new builds in the Bonita/Naples/Ft. Myers area, near beach, are relatively few. Older, (many refinanced) housing dominates.

In SoCal there are barnfuls more beach/at beach properties which allows for a much different market (I believe, locals chime in).

I don't understand why folks would pay a rent check equal to a mortgage. Why would you rent and basically throw money away when you could be building equity?

 

[TheSheep]

I don't understand why folks would pay a rent check equal to a mortgage. Why would you rent and basically throw money away when you could be building equity?

In my case, fer instance, equity $$$ are better suited in other real estate investments where I value post-tax $$$ with greater ROIs. Others may not have stored their asspennies, lacking either the credit or cash or both to qualify for a present day mortgage. Developers abhor debt for it creates issues with thei Lenders. Equity building, not in today's market. There are a number of additional reasons, shirley you can come up with many on your own.

 

[AAbsolute]

Wow, I can't believe people have that kind of money to burn on rent.

Have you investigated Watersound Beach? I think if you really get to know the families that are visiting Watercolor and Watersound you'll become a believer. On its face it seems like a strange waste of funds, but there is something to taking a quality family vacation with friends and children that is not the hustle and bustle of a Disney World trip. I'm really starting to "get it" when I see these families and all their children about sunset living the life in a pedestrian friendly environment.

 

[AAbsolute]

Talk about upside down

St. Joe sold 2 lots in Watersound Beach Phase IV last week for $315,000 and $315,000. The last release on those lots in that block they sold the property immediately adjacent for $966,500.00. That was going direct from JOE to their customer with no flip, no spin.

Now that's what I call upside down.