There are many investors who are holding RE or contracts right now that don't even realize they've been duped yet.
Please share some details.
There are many investors who are holding RE or contracts right now that don't even realize they've been duped yet.
Please share some details.
The development is not designed around flippers. Were in a post hurricane correction, so get it cheap while you can. When the two year extension runs out, I am certain St. Joe want hesitate to buy back a few lots. It's a community built around people who want to live there full or part time.
Even when watersound east, west, north and south (condo's or barges) it will still be an awsome place. You have to remember that Chicago (5 million plus population) has less than a mile of brown sandy beach along Lake Michigan. It may take some time to find a parking place, but you still can find a place to park your body out in the sun. Having a home at Watersound, just makes finding a parking place a lot easier .
The "build-out" thang rarely--if ever-- applied to lots sold in 02'/03'. The "build-out" clause was added @'04 to keep the frenzy moving along during the hottest period of the bubble to give the "illusion" of exclusivity in order to justify jacking up the prices.
Cherry-picking lots to buy back will seem like a "dream" compared to the upcoming PR nightmare when "Place-Maker JOE" starts cutting corners on "promised" amentities for its "Places."
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Such as?
Such as charging fees for tennis, bikes, boats, etc in watercolor.
They have already been doing that, re: the amenities.
Such as charging fees for tennis, bikes, boats, etc in watercolor.
It may seem silly, but they also stopped providing towels at all pools except the beach club in Watercolor. BTW, we still had one hour of kayaking each day while we vacationed there this summer. Are you saying as a homeowner, there are now charges for using these amenities?