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Post by TRTerror on Mar 28, 2024 19:26:38 GMT -5
I could do The Villages just for the Tang but a condo...forget it. I've spent years in different Condos on Marco and Naples. Your Neighbor is 10 feet away and you got to get dressed up and comb your hair just to check your Mail down in the Lobby. Forget a 100 yard Rifle Range and growing Weed in the back yard....
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Post by GaryS on Mar 29, 2024 6:34:05 GMT -5
My 92 year old mother lives in a condo. Best place for her,they are in a 50 year inspection and her unit had no problems. The management company does a good job of maintaining the place. The board had a president that was spend happy a few years ago doing things that really didn't need doing and cash on hand fell a little below what they needed, but it is back where it needs to be and a new board is in place.
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Post by johngalt on Mar 29, 2024 8:06:08 GMT -5
It has long been my fantasy to own a small house in St Andrews. A small older wood home I could gut and remodel and have a place a block or two from the boat ramp(s) on the bay. The other side of the bridge on " the beach" sucks. No access to the water. No where to park a boat. And tourist, tourist, tourist. But with insurance like it is and property taxes I can't see it happening now You are absolutely right about the condo bust on PCB. I told everyone I knew the same thing about it being unsustainable and Iβm just a dumb truck driver! A number of people I knew went to the poor house in β07-08. I live in St. Andrews and it is the perfect spot in Bay county. Three boat ramps within five minutes from the house, city marina/ramp a couple minutes further. From my house to the ramp and to the pass is a total of around 30 minutes. Try that on PCB, no way. And I bought my house in 1994 and paid $60K. π
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Post by mapper on Mar 29, 2024 8:51:09 GMT -5
It's nice to be able to pee in the yard..and being close to a ramp.
I do miss jumping in the boat and going on a beer run though..
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Post by luapnor on Mar 29, 2024 10:40:07 GMT -5
Even though I am a senior and don't care to do maintenance on my house, I still do it. I could not live in a Condo even if it was for free. I can't deal with the rules and the people that like to enforce them. Couldn't live in a HOA either. I will never live in a place like the Villages also. My uncle just gave up trying to take care of the his house that he and my Aunt have lived in since 1974 and they moved into a Condo. They are both 96. The yard work became too hard to do.
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Post by PolarsStepdad on Mar 29, 2024 11:10:50 GMT -5
It has long been my fantasy to own a small house in St Andrews. A small older wood home I could gut and remodel and have a place a block or two from the boat ramp(s) on the bay. The other side of the bridge on " the beach" sucks. No access to the water. No where to park a boat. And tourist, tourist, tourist. But with insurance like it is and property taxes I can't see it happening now You are absolutely right about the condo bust on PCB. I told everyone I knew the same thing about it being unsustainable and Iβm just a dumb truck driver! A number of people I knew went to the poor house in β07-08. I live in St. Andrews and it is the perfect spot in Bay county. Three boat ramps within five minutes from the house, city marina/ramp a couple minutes further. From my house to the ramp and to the pass is a total of around 30 minutes. Try that on PCB, no way. And I bought my house in 1994 and paid $60K. π I am quite envious of you sir.
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Post by garycoleco on Mar 29, 2024 16:33:22 GMT -5
Its all about location. About 10 years ago my sister in law bought a condo in Destin for 300k. The day after closing she turned it over to a management company as a rental. They're clearing $10k per month and it's already getting booked for March '25
My brother in law lives in the Ritz in Coconut Grove. He's bought and sold several condos in the building for a long time. He kills it everytime. For him it's about the security. He's in the public eye and travels a lot. His common area fees are $2700/month
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Post by TRTerror on Mar 29, 2024 17:38:26 GMT -5
I watched the Folks in Hide Away Beach on Marco Island come over to the new Condos we were building right next door and buy several of them..just to resell in a year. They made out like Bandits.. Seems it takes money to make money...who Knew
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Post by mackeralsnatcher on Mar 29, 2024 17:53:03 GMT -5
bout 20 years ago I wanted to buy a condo on St. Pete beach. I told the RE agent , "find me something around a hundred grand." He found one at 125, the wife nixed it and now that condo is worth 450K I would have no problem living in a condo, the wife however is kinda set in her ways and we have lived in this house since 1980. With her recent health issues my son is trying to convince her to move up with them in Inverness. She seems to be interested but really doesn't want to leave "her house" The Land is sorta cheap and we could buy a few acres right next to my son for a decent price. Lots of shit to sort out BUT I'm all in on moving up there since i could use the help caring for her and having property with chickens, pigs and a garden would be great. it's all pipe dreams and up in the air for now, but we shall see.
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Post by PolarsStepdad on Mar 29, 2024 18:21:01 GMT -5
I watched the Folks in Hide Away Beach on Marco Island come over to the new Condos we were building right next door and buy several of them..just to resell in a year. They made out like Bandits.. Seems it takes money to make money...who Knew Oh people were buying and selling in Panama City too. Some times doubling or trippling their money. Some got wealthy. But more than a few played hit potato to the end and got bit. I worked with one such gentleman. My rule for any investment is double your money and get out. If you triple it probably time to start looking for the exit door. Of course I'll never be rich but I won't get stuck upside down on a condo I can't give away either
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Post by pinman on Mar 29, 2024 18:41:49 GMT -5
An axiom my Dads boss, who started the city of Royal Palm Beach and owned over 40,000 acres there, told him - "You will always make money on real estate as long as you can afford to hold on to it" True words.
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Post by Captj on Mar 30, 2024 7:35:27 GMT -5
We have a small condo on St. Pete Beach and could have bought the one next door for same price we paid in 2019. Passed on it - big mistake. Worth a hundred and fifty grand more today. Great building and we enjoy staying there. It also pays the bills on our trailer in the Keys.
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