The best bargain on a 30A lot?

[Bob]

Blast from the past. Very interesting reading some of the messages on the RE board as things were beginning to crash. Especially posts like this where people were bashing folks that saw the writing on the wall. Wonder what this guy is doing now. Hope he wasn't a buyer during the bubble years.

Looks like another modest bubble is building in some areas along 30A again. Some prices paid for lots in Watercolor look crazy over the past few months. New homes are going for okay prices, but resales still way low in many cases (some even below 2002 levels before the real craze began). Interesting to see prices for new homes so much higher than resales (most of which are already furnished too).

I bought property twice here and own. I bought before and during the vibrant years. What have you done? I've read your commentary. What insight do you bring?

 

[chanster]

Lets not confuse words. 30-a went threw a total and complete meltdown. Tons and i mean tons of lots fell from 550-600k to to 50-100k. I'll never forget looking at a home in seacrest for 550k in 2003 or early 2004 for 550k. I knew i could flip it in the next yr. i didn;t buy it and it had sold fast and the next yr driving thru again and the person who bought had it for same for $1.15 mil. i almost cried. it never sold and the dude got caught in the melt down and it sold for like 500k. It was an insane time we'll probably never see again

 

[homeboy]

I bought property twice here and own. I bought before and during the vibrant years. What have you done? I've read your commentary. What insight do you bring?

If SoWal real estate has yet to take the full 40 percent hit, why would this not reflect poorly on future St, Joe profits. Are not many of St Joe's premier developments right here on 30A? What flavor bug juice are you drinking?

I am simply posting to an internet discussion forum and am always interested is seeing the opinion of others. Whats your opinion?I

Looking back at many of your posts (like this one above) during the height of the bubble and even after it began bursting, you seemed to brush off and even ridicule posters that were predicting a big drop in the market. They were correct that time but may be wrong the next time.

I have bought and sold numerous pieces of real estate in various parts of the country over the years including first and second homes but fortunately saw the writing on the wall and got out most of investment before things fell apart beginning in 2007-2008.

I simply post my thoughts on SOWAL real estate just like others do. I tend to see another bubble developing in certain parts of the area (especially resale lots and brand new homes in Watercolor) and am commenting on an internet discussion forum. I personally would not buy in SOWAL right now but its only my opinion. Plenty of people are buying right now and time will tell if they made a wise investment decision.

What do you think about the current state of the market in SOWAL? Bull or bear.

 

[Bob]

I am simply posting to an internet discussion forum and am always interested is seeing the opinion of others. Whats your opinion?I

Looking back at many of your posts (like this one above) during the height of the bubble and even after it began bursting, you seemed to brush off and even ridicule posters that were predicting a big drop in the market. They were correct that time but may be wrong the next time.

I have bought and sold numerous pieces of real estate in various parts of the country over the years including first and second homes but fortunately saw the writing on the wall and got out most of investment before things fell apart beginning in 2007-2008.

I simply post my thoughts on SOWAL real estate just like others do. I tend to see another bubble developing in certain parts of the area (especially resale lots and brand new homes in Watercolor) and am commenting on an internet discussion forum. I personally would not buy in SOWAL right now but its only my opinion. Plenty of people are buying right now and time will tell if they made a wise investment decision.

What do you think about the current state of the market in SOWAL? Bull or bear.

I bought to build, and not turn. With a user mentality I would say you are always in a long term bull market. Shorter term, my opinion is generally negative, but I still stand behind my preference to buy if you intend to use. SoWal is one really interesting real estate market, with an intense banding of second homes tight to the gulf transitioning to a traditional zone that has limited appeal in the space of hundreds of yards. It continues to be an area of high interest and speculation for some. I would not buy to turn short term now, unless I had a can't pass deal served to me by a lender in a top shelf neighborhood, and I could afford to hold it more than short term. The macro view looks horrible right now.