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FYI on a condo price

Beach Lover
9,560 views
We sold a condo in Watercolor (south side) just as prices started up in late 2002 for $875M that had been listed for 6 months, saw that condo get listed for as much as $1.4MM in 2004, and did we feel dumb for having sold. The one next door just got listed for $850M. Not only are we back where we started but in some ways below where we started.
I do not know what that tells us.

Replies

58
Beach Comber
#2
Not sure what you mean by in some ways below where we started, but to me it says: If you want to buy great real estate at 2002 prices levels, here is your chance.
Matt J avatar
SWGB
#3
I'm assuming that you meant to use a "K" not an "M".
Miss Kitty avatar
Meow
#4
I'm assuming that you meant to use a "K" not an "M".

:floor:...no wonder those things won't sell!
30A Skunkape avatar
Skunky
#5
:floor:...no wonder those things won't sell!

Hello, Mr Kitty, your Kondo is pricey!
Miss Kitty avatar
Meow
#6
Hello, Mr Kitty, your Kondo is pricey!

:lolabove:...you think Buckhead R felt dumb...imagine how dumb we feel right now! 875 miiiiiiiiiiiillion dollars! :bang:
elgordoboy avatar
Beach Fanatic
#7
Sorry- it's killing me and I am not proud that I can't not post this: m = thousand and mm = million (thousand thousand) and mmm = billion. I'd have used K also
SHELLY avatar
SoWal Insider
#8
I do not know what that tells us.

uh...Bobby J....That's your cue.


.
Matt J avatar
SWGB
#9
:lolabove:...you think Buckhead R felt dumb...imagine how dumb we feel right now! 875 miiiiiiiiiiiillion dollars! :bang:

C' mon kitty sell that thing and buy up the rest of 30A. :funn:
Miss Kitty avatar
Meow
#10
Sorry- it's killing me and I am not proud that I can't not post this: m = thousand and mm = million (thousand thousand) and mmm = billion. I'd have used K also

;-)...I knew what he meant. But, it sure was fun to dream.
Beach Lover
#11
Sorry- it's killing me and I am not proud that I can't not post this: m = thousand and mm = million (thousand thousand) and mmm = billion. I'd have used K also

no worries was about to post it for u...ex-banker habits die hard
Bobby J avatar
Beach Fanatic
#12
uh...Bobby J....That's your cue.


.


Its a great time to buy!!!!!!!!!!!!!!!!!!!!!!!!!!!!:biggrin:
SHELLY avatar
SoWal Insider
#13
Its a great time to buy!!!!!!!!!!!!!!!!!!!!!!!!!!!!:biggrin:

.


That's TWO DAYS Skippy!! In this market you've gotta step it up a bit!!



.
Beach LoverAuthor
#14
Sorry children, but in the financial markets (where I've made my living for 33 years) m = thousands, I have seen K used but mostly in the popular press and the comic strips ,not the financial press.
Obliously you all read read more of the latter than the former.
elgordoboy avatar
Beach Fanatic
#15
Sorry children, but in the financial markets (where I've made my living for 33 years) m = thousands, I have seen K used but mostly in the popular press and the comic strips ,not the financial press.
Obliously you all read read more of the latter than the former.
Obliously. Well typos happen.
I would like to retract my earlier post in this thread so as not to be associated with Buckhead Rick.
Edited in the interest of thread peace. It remains unedited to my great shame quoted in post #25

Edited

Beach Lover
#16
elgordoboy:

Personally, I found Buckhead Rick's response appropriate given the drubbing he received from others on this board who don't understand basic financial terms... I'm surprised you don't agree.

Little Fish
Miss Kitty avatar
Meow
#17
:wave:...lighten up! Think about all the money (M's or K's) I could have made on my condo. :biggrin:
seagrovegirl avatar
Beach Fanatic
#18
I bit pompous response from BR, I thought......he/she didn't take the ribbing well and then had to be insulting....go back to Atlanta!
Beach Fanatic
#19
elgordoboy:

Personally, I found Buckhead Rick's response appropriate given the drubbing he received from others on this board who don't understand basic financial terms... I'm surprised you don't agree.

Little Fish

I agree
30A Skunkape avatar
Skunky
#20
That explains that confused guy with a sheet over his head looking for the MMM rally:confused:
Matt J avatar
SWGB
#21
Sorry children, but in the financial markets (where I've made my living for 33 years) m = thousands, I have seen K used but mostly in the popular press and the comic strips ,not the financial press.
Obliously you all read read more of the latter than the former.

Thank you so much for your "professional" response.
seagrovegirl avatar
Beach Fanatic
#22
Buckhead.....we professionals around here dislike ties.....we are at the beach....relax... shed the tie.
elgordoboy avatar
Beach Fanatic
#23
That explains that confused guy with a sheet over his head looking for the MMM rally:confused:
lol..I seem to be following you doing this a lot lately.
elgordoboy avatar
Beach Fanatic
#24
elgordoboy:

Personally, I found Buckhead Rick's response appropriate given the drubbing he received from others on this board who don't understand basic financial terms... I'm surprised you don't agree.

Little Fish
I suppose you must mean something other than the present thread. I am not familiar.
Beach Lover
#25
Obliously. Well typos happen.
I would like to retract my earlier post in this thread so as not to be associated with Buckhead Dick.

I don't have a dog in this hunt, but you folks get corrected on something and get offended? After you had all the ****z and giggles about his supposed typo? All your off-handed comments, calling him a dick, take the tie off, yada yada, etc are just trying to make yourselves feel good for making fun of someone.
Yes, I am laid back and live at the beach also, but at least I my parents brought me up properly.

The moderator of this forum should ban edgordoboy fatass for his personal attack. Seagrove girl you note buckhead ricks "pompous attitude" but overlook your "locals" insults, just making the situation fit your needs. You folks should be ashamed. Sorrry Buckhead rick doesn't belong to your little club.

Flame away.
elgordoboy avatar
Beach Fanatic
#26
I don't have a dog in this hunt, but you folks get corrected on something and get offended? After you had all the ****z and giggles about his supposed typo? All your off-handed comments, calling him a dick, take the tie off, yada yada, etc are just trying to make yourselves feel good for making fun of someone.
Yes, I am laid back and live at the beach also, but at least I my parents brought me up properly.

The moderator of this forum should ban edgordoboy fatass for his personal attack. Seagrove girl you note buckhead ricks "pompous attitude" but overlook your "locals" insults, just making the situation fit your needs. You folks should be ashamed. Sorrry Buckhead rick doesn't belong to your little club.

Flame away.
No flames here. The Dick is a result of my "fatass" fingers that D is close to the R. You have a typo or two in your post as well. You have me as eDgordoboy the D is clear across the keyboard from the L. I can't help it that my typos make better sense than the real thing. If you weren't laid back and lived at the beach you'd be a doozy. Secret Society of Sowal meeting next Thursday guys - don't tell toofargone.

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