naples

Pent Up Housing Demand in Pictures

for the poster who is interested in FL waterfront condo. i am also in the mkt but how you buy is really base on market rent. the cost of owning (interest cost like mtg rate on entire purchase price even if you pay cash+ property tax+HOA+others) must be lower than mkt rent. right now FL has a ways to go. this goes for any property in FL or elsewhere. if they had use this as the underwriting criteria then there would not be any mess at all

as for the prior poster about line of thought naples, its the same old thought in FL across the board. speak no evil hear no evil but certainly keep up the line that there is demand out there and try to con your neighbors into NOT lowing the list price. dont fall for it.

hallandale beach fl oceanfront 800 sq ft sold 350K in 2005 under contract at 200K now

clearwater beach fl 1400 sq ft waterfront condo list 289K foreclosure now offered $210K ...no bidder except for me at 153K ( and i think i overbid by 30K)

use mkt rent to set your purchase price