Real Estate Supply

Please remind me again as to the purpose of a "buildout" as hawked to potential buyers by developers' salespeople? Anyone?



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lots were sold with pretty tight buildout dates because the original developer wanted to discourage ordinary land speculation and flipping.

And, yes, there were a couple of Preserve closings around $200k in December. However, the most recent that I know of was in January for $225k.

Oh, yeah, right--to discourage speculation and flipping...now I remember..........

I'm just curious as to why people who don't have to sell would even put their house on the market right now.

Question for all the realtors out there. I'm wondering how many of the current sellers fall into the following categories:

1) Must sell (either because they are purchasing something else or in real danger of foreclosure)

2) Want to sell because the market is no longer a good short-term or mid-term investment

3) Want to sell because they are tired of dealing with a second home or rental property

4) Are still "testing the waters" and looking to cash in on an investment of several years ago.

Where is all this supply coming from? Are there this many people in severe trouble? Are there still a lot of No. 4s out there, or far more No. 1s? I'm just curious as to why people who don't have to sell would even put their house on the market right now. I'd love to see what local realtors are hearing and seeing. Thanks.

Tampa, there is a fifth catagory that you have not considered.....people selling to move up into more expensive property or to finance another project. With 1031 rules they way they are, and interest rates still being low, why would you not want move up? You see the greatest increase in value in the high end properties.

That's easy....they're trawling for "bigger fools" in what appears to be a fished-out market.

quote]

Shelly, the only fool's I know are the folks who lack the courage to take advantage of the "deals" that are popping up all over the place! Two years from now a lot of people are going to be hitting their heads against the wall wondering what in the h*ll they were thinking when they sold that piece of real estate! There are plenty of buyers running around looking for "deals" cause they are getting ready for the next real estate boom that will begin shortly! Just look in Seagrove, where you see Mr. Harris buying up every beach front home he can get his hands on! He has been down there long enough to see the high's and low's, yet he is still buying property. If you want to be successful, you need to start doing what successful people do. Otherwise, you can keep you money in the bank making pennies, or stocks waiting for the next "cook the books corporate scandal or 9/11" to whip your earnings out, or you can pray that social security is going to be there for you when you retire. Personally, I am happy to be one of your so called fools. I rather have a piece of sand any day that I can sit out on an watch sunsets, smell the salt air, and watch porpoises play than sitting with a bank CD trying to figure out when I can retire on the penny's its earned. You need to remember one important fact Shelly....God, is not making any more white beaches, especially ones with high elevations! More and more people are discovering this unique piece of paradise, and you can bet there will be lots of people, paying even bigger bucks to own a piece of it....that is the history of this area....and it will continue!

FFF, I wouldn't want to move up because I'd be too stressed out about selling what I already own. Right now, at least.

Tampa, the more experienced developers down there are smart enough to not over extend themselves. Unfortunately, there is always a group for "power rangers" who come down looking for a quick buck, roll the dice and learn some hard lessons. Even in a down market, your property value will double in five years. History has demonstrated a few bumps in the road, but that there is plenty of gold is this white sand. All you have to do is hang around a couple of years and you will see what I mean.:roll:

That's easy....they're trawling for "bigger fools" in what appears to be a fished-out market.

quote]

Shelly, the only fool's I know are the folks who lack the courage to take advantage of the "deals" that are popping up all over the place! Two years from now a lot of people are going to be hitting their heads against the wall wondering what in the h*ll they were thinking when they sold that piece of real estate! There are plenty of buyers running around looking for "deals" cause they are getting ready for the next real estate boom that will begin shortly! Just look in Seagrove, where you see Mr. Harris buying up every beach front home he can get his hands on! He has been down there long enough to see the high's and low's, yet he is still buying property. If you want to be successful, you need to start doing what successful people do. Otherwise, you can keep you money in the bank making pennies, or stocks waiting for the next "cook the books corporate scandal or 9/11" to whip your earnings out, or you can pray that social security is going to be there for you when you retire. Personally, I am happy to be one of your so called fools. I rather have a piece of sand any day that I can sit out on an watch sunsets, smell the salt air, and watch porpoises play than sitting with a bank CD trying to figure out when I can retire on the penny's its earned. You need to remember one important fact Shelly....God, is not making any more white beaches, especially ones with high elevations! More and more people are discovering this unique piece of paradise, and you can bet there will be lots of people, paying even bigger bucks to own a piece of it....that is the history of this area....and it will continue!

Let me guess....you write copy for Century 21.


For me personally, I wouldn't hold Doodle up as a measurement of my success...but to each his own.

I would like to know one thing though--you said, "the next real estate boom will begin shortly." Can you please expand on that for our viewing audience.?

And finally, about those white beaches that God ain't makin' no more...there's an old saying that goes "The Lord giveth and the Lord taketh away." A good thing to remember when you're penciling out carrying costs. ;-)

Let me guess....you write copy for Century 21.


For me personally, I wouldn't hold Doodle up as a measurement of my success...but to each his own.

I would like to know one thing though--you said, "the next real estate boom will begin shortly." Can you please expand on that for our viewing audience.?

And finally, about those white beaches that God ain't makin' no more...there's an old saying that goes "The Lord giveth and the Lord taketh away." A good thing to remember when you're penciling out carrying costs. ;-)

No Shelly, I don't work for any RE agency, flunked out of literature in school, but have a long history of buying and selling real estate in Alabama and along the Gulf Coast. Folks like Mr. Harris make more money in week than you will make in a life time cause he is good at what he does. I have meet people like you who are scared of their own shadow, keep their money in a interest bank account, tell everyone how stupid they are for taking a risk with investing their money and then struggle to make a small pension last a couple of years when they retire. Fear mongers like you are always wrong, and seem to be perpetually jealous of the people who have the courage to take even a small risk. You want to know when the market is going to improve, just look at the history of the area if you want the answer. Look at what the good RE speculators and investors are doing. They are keeping their mouths shout and letting people like you scare new property owners into selling early and at a bargain. I have seen this cycle or game played many times, and the winners stick around.

No Shelly, I don't work for any RE agency, flunked out of literature in school, but have a long history of buying and selling real estate in Alabama and along the Gulf Coast. Folks like Mr. Harris make more money in week than you will make in a life time cause he is good at what he does. I have meet people like you who are scared of their own shadow, keep their money in a interest bank account, tell everyone how stupid they are for taking a risk with investing their money and then struggle to make a small pension last a couple of years when they retire. Fear mongers like you are always wrong, and seem to be perpetually jealous of the people who have the courage to take even a small risk. You want to know when the market is going to improve, just look at the history of the area if you want the answer. Look at what the good RE speculators and investors are doing. They are keeping their mouths shout and letting people like you scare new property owners into selling early and at a bargain. I have seen this cycle or game played many times, and the winners stick around.

Glad you cleared that up......<didn't think so>.

.
(P.S. If you (and best pal Doodle) are raking in the dough and deals because of my "fear mongering"...one would think you'd be a bit more tickled and a lot less ticked? No?)

No Shelly, I don't work for any RE agency, flunked out of literature in school, but have a long history of buying and selling real estate in Alabama and along the Gulf Coast. Folks like Mr. Harris make more money in week than you will make in a life time cause he is good at what he does. I have meet people like you who are scared of their own shadow, keep their money in a interest bank account, tell everyone how stupid they are for taking a risk with investing their money and then struggle to make a small pension last a couple of years when they retire. Fear mongers like you are always wrong, and seem to be perpetually jealous of the people who have the courage to take even a small risk. You want to know when the market is going to improve, just look at the history of the area if you want the answer. Look at what the good RE speculators and investors are doing. They are keeping their mouths shout and letting people like you scare new property owners into selling early and at a bargain. I have seen this cycle or game played many times, and the winners stick around.

Do you know how much old Doodle makes in a week, a month or a year? He may be leveraged up to his eyeballs, maybe he will end up with bigger legal problems due to his tax issues, etc. Who knows, but I'm with Shelly, I wouldn't hold him up as my shining example of real estate investing.

You mention corporate scandals as a risk of stock ownership--have you not heard of the myriad of real estate scandals over the years including massive mortgage fraud resulting in billions of dollars of losses for investors and owners. Scandal and fraud happen in real estate, corporate America, churches, government, it can get you anywhere. The really big bucks these days are coming in the financial markets, not real estate. Just look at the bonuses paid on Wall Street this past year. Unbelievable amounts of money. Most real estate investors are watching the value of their portfolios wither right now.

A balanced portfolio seems prudent to me. Some real estate, some stocks, some bonds and yes some CD's. However, I personally wouldn't invest large chunks of my portifolio in the Second Home real estate areas right now be it in the mountains or the beaches. The second home markets are tumbling across the board and probably will for some time to come.

By the way, are you buying any of these great deals right now? If so, come back in five years and let us know specifically which of these doubled in value for you.

I'm glad you like Watersound and are happy with your little piece of the beach. I love the area too. But, I believe your view of the market is way off base. However, hope I'm wrong and you are right though for the sake of many, many friends and neighbors that are in over their heads due to the sinking market and rapidly rising interest rates on adjustable rate mortgages.

Glad you cleared that up......<didn't think so>.

.
(P.S. If you (and best pal Doodle) are raking in the dough and deals because of my "fear mongering"...one would think you'd be a bit more tickled and a lot less ticked? No?)

Well Shelly, I just think you are an amateur with regards to RE investing and your comments are out of line. Actually, your "fear mongering" helps slow down the paving of paradise, and creates great investment opportunities for the rest of us. I just don't appreciated being called a "fool" for doing it. I figured out a long time ago you dislike anyone who chooses to invest in real estate, especially if its paradise.

With regards to Doodle, I would not know him if he stood in line next to me at the grocery store. What I do know is that he is one of many who are extremely knowledgeable with regards to making money in real estate at the beach, and yes that is something I admire.:roll:

Do you know how much old Doodle makes in a week, a month or a year? He may be leveraged up to his eyeballs, maybe he will end up with bigger legal problems due to his tax issues, etc. Who knows, but I'm with Shelly, I wouldn't hold him up as my shining example of real estate investing.

You mention corporate scandals as a risk of stock ownership--have you not heard of the myriad of real estate scandals over the years including massive mortgage fraud resulting in billions of dollars of losses for investors and owners. Scandal and fraud happen in real estate, corporate America, churches, government, it can get you anywhere. The really big bucks these days are coming in the financial markets, not real estate. Just look at the bonuses paid on Wall Street this past year. Unbelievable amounts of money. Most real estate investors are watching the value of their portfolios wither right now.

A balanced portfolio seems prudent to me. Some real estate, some stocks, some bonds and yes some CD's. However, I personally wouldn't invest large chunks of my portifolio in the Second Home real estate areas right now be it in the mountains or the beaches. The second home markets are tumbling across the board and probably will for some time to come.

By the way, are you buying any of these great deals right now? If so, come back in five years and let us know specifically which of these doubled in value for you.

I'm glad you like Watersound and are happy with your little piece of the beach. I love the area too. But, I believe your view of the market is way off base. However, hope I'm wrong and you are right though for the sake of many, many friends and neighbors that are in over their heads due to the sinking market and rapidly rising interest rates on adjustable rate mortgages.

Fisher, staying balanced is important, and I do like tax free muni bonds over CD's. Nothing wrong with stocks, as long as you trust no one's cooking the books. Would feel more confident in investing in stocks if some of the fraudulent CEO's got the electric chair instead of being sent to federal country club prisons. I would never recommend anyone invest all their eggs in real estate for the short term or become highly leveraged, unless they are extremely knowledgeable of the market and can manage the risks. There are ups and downs with any kind of investing, but history shows there are big bucks to be made if you are a long term beach investor. Believe me, it want take five years for many to double their money with all the positive things happen at our coast! My view of the market is solid cause its based on experience, and experience does make the difference between winners and loosers when it comes to beach property.

Well Shelly, I just think you are an amateur with regards to RE investing and your comments are out of line. Actually, your "fear mongering" helps slow down the paving of paradise, and creates great investment opportunities for the rest of us. I just don't appreciated being called a "fool" for doing it. I figured out a long time ago you dislike anyone who chooses to invest in real estate, especially if its paradise.

With regards to Doodle, I would not know him if he stood in line next to me at the grocery store. What I do know is that he is one of many who are extremely knowledgeable with regards to making money in real estate at the beach, and yes that is something I admire.:roll:

Interesting post....albeit a bit hard to follow the logic.

So is Doodle like the Robert Kiyosaki of SoWal now?

BTW, I never directly labeled you with any name...soooo....just as in your post above, statements that don't apply, should be no big deal <"Investors" Tip: Never let them see ya sweat. >

.

Interesting post....albeit a bit hard to follow the logic.

So is Doodle like the Robert Kiyosaki of SoWal?

BTW, I never directly labeled you with any name...soooo....just as in your post above, statements that don't apply, should be no big deal <"Investors" Tip: Never let them see ya sweat. >

.

Shelly, just look at your avator and " Multi For Sale Sign" pic. Its pretty easy to know what you are all about long before you read any of your posts. You are all about scaring people away from buying a piece of paradise or building a dream. You probably do it, because its the only thing you are good at.

Doodle is a self made man and like others, he has done well in real estate at the beach. He consistantly hits home runs in a market where RE development of any kind is difficult. For those of us who have had to deal with all the curve balls that this county can throw at you, he has the ability to hit his out of the park.

Shelly, just look at your avator and " Multi For Sale Sign" pic. Its pretty easy to know what you are all about long before you read any of your posts. You are all about scaring people away from buying a piece of paradise or building a dream. You probably do it, because its the only thing you are good at.

Doodle is a self made man and like others, he has done well in real estate at the beach. He consistantly hits home runs in a market where RE development of any kind is difficult. For those of us who have had to deal with all the curve balls that this county can throw at you, he has the ability to hit his out of the park.

You are correct.

Shelly, just look at your avator and " Multi For Sale Sign" pic. Its pretty easy to know what you are all about long before you read any of your posts. You are all about scaring people away from buying a piece of paradise or building a dream. You probably do it, because its the only thing you are good at.

Doodle is a self made man and like others, he has done well in real estate at the beach. He consistantly hits home runs in a market where RE development of any kind is difficult. For those of us who have had to deal with all the curve balls that this county can throw at you, he has the ability to hit his out of the park.

If you don't know Doodle or Shelly, how can you make such broad sweeping statements. How do you know Doodle has done well in real estate? How do you know Shelly isn't a multizillionaire? Please elaborate on your investing in South Walton.

If you don't know Doodle or Shelly, how can you make such broad sweeping statements. How do you know Doodle has done well in real estate? How do you know Shelly isn't a multizillionaire? Please elaborate on your investing in South Walton.

Fisher, I own 9 pieces of beautiful real estate in Walton County, all of which are either beach or water front, and don't own a penny! I don't help banks or mortgage companies get rich, and only work with a select few of realtors. Doodle Harris developed Seacrest Beach, and has done a ton of good for Walton County. All you have to do is read Shelly's idiotic posts to realize she is either incompetent when it comes to real estate investing or is against beach development. Personally, I think Shelly is a "he" and probably lives in a trailer park and hugs tress for excitment and pleasure.