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
58Beach Comber
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.
SWGB
I'm assuming that you meant to use a "K" not an "M".
Meow
I'm assuming that you meant to use a "K" not an "M".
...no wonder those things won't sell!Skunky
...no wonder those things won't sell!
Hello, Mr Kitty, your Kondo is pricey!
Meow
Hello, Mr Kitty, your Kondo is pricey!
...you think Buckhead R felt dumb...imagine how dumb we feel right now! 875 miiiiiiiiiiiillion dollars! 
Beach Fanatic
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
SoWal Insider
I do not know what that tells us.
uh...Bobby J....That's your cue.
.
SWGB
...you think Buckhead R felt dumb...imagine how dumb we feel right now! 875 miiiiiiiiiiiillion dollars!
C' mon kitty sell that thing and buy up the rest of 30A. :funn:
Meow
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
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
Beach Fanatic
uh...Bobby J....That's your cue.
.
Its a great time to buy!!!!!!!!!!!!!!!!!!!!!!!!!!!!
SoWal Insider
Its a great time to buy!!!!!!!!!!!!!!!!!!!!!!!!!!!!
.

That's TWO DAYS Skippy!! In this market you've gotta step it up a bit!!
.
Beach LoverAuthor
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 you all read read more of the latter than the former.
Beach Fanatic
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. Well typos happen.
Obliously you all read read more of the latter than the former.
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
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
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
Meow
...lighten up! Think about all the money (M's or K's) I could have made on my condo. Beach Fanatic
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
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
Skunky
That explains that confused guy with a sheet over his head looking for the MMM rally

SWGB
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.
Beach Fanatic
Buckhead.....we professionals around here dislike ties.....we are at the beach....relax... shed the tie.
Beach Fanatic
That explains that confused guy with a sheet over his head looking for the MMM rallylol..I seem to be following you doing this a lot lately.
Beach Fanatic
elgordoboy:I suppose you must mean something other than the present thread. I am not familiar.
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
Beach Lover
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.
Beach Fanatic
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.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.
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.
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