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getdoon_weebobby

Just To Give You An Idea Of How Far We Could See Drops- Example Of Florida Drops

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resort

http://www.regalpalms.com/cgi-bin/htmlos.c...055656810047546

houses - example the bermuda 1700 square foot

http://www.buy-florida-villas.co.uk/regal-...uda-orlando.htm

originally $389k

got an email there - slashed to $119k = �71k

im pretty sure if your on the ground the drops are far more substancial

resales from $75k

http://www.floridarmr.com/component/option...,171/Itemid,23/

and even less

http://www.floridarmr.com/content/view/11/

so possibly we've peak $389k down to $75k

ouch

even gets tempting at these prices....

Edited by getdoon_weebobby

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Blimey! :ph34r:

this email has got me web searching last few hours

im seeing bank foreclosed 1500 sq ft 3 bed townhouses in gated resorts in kissimee as low as $60k that were originally marketed at $360k

im imagining property taxes are high tho (altho this is a reason banks arent interested in holding on to the houses too i guess)

Edited by getdoon_weebobby

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this email has got me web searching last few hours

im seeing bank foreclosed townhouses in kissimee as low as $60k that were originally marketed at $360k

That is madness. I mean how anyone can think that this sort of asset value destruction will lead to a V-shaped recovery when the economy was based on the consumer who were financed by in large by HELOC's without more dislocations and problems is a real optimist. I mean these prices are in line with places like Cambodia in some ways...

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this email has got me web searching last few hours

im seeing bank foreclosed 1500 sq ft 3 bed townhouses in gated resorts in kissimee as low as $60k that were originally marketed at $360k

im imagining property taxes are high tho (altho this is a reason banks arent interested in holding on to the houses too i guess)

running costs!

http://www.floridarmr.com/content/view/4/5/

rock on!

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Monthly Mortgage (assumed @ 5.5% over 30 years)

$1,278

Building / Contents Policy & Property Taxes

$300

Example Management Costs

$250

Utilities average per Month (electricity, water, phone, TV, etc)

$485

Homeowners Association Fees (includes Lawn Care)

$115

TOTAL COST ESTIMATED PER MONTH

$2,428

*******************************************

my uncle owned out there so would be very easy for me to see if this is pretty much right.

(he lived there during UK winter till he got ill out there. hospital bills = $250,000. safe to say he had to sell as no one would insure him to go back!)

Edited by getdoon_weebobby

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