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Fractional Ownership in Watersound

Beach Comber
9,253 views
I own a lot in WaterSound and am considering building and doing a fractional ownership. I am trying to get an idea on how many people would be interested in this?

Replies

30
SHELLY avatar
SoWal Insider
#27
>As soon as they can accurately predict what's going to happen next week I'll start believing this.<

I may not be able to accurately predict what's going to happen in the next week--but I can accurately predict this: Taxes WILL go up; Insurance WILL go up; HOA fees WILL go up; more houses/competition WILL go up; overall carrying costs WILL go up. What some buyers loved about the area will change drastically in the coming years causing them to re-think their decision and consider other alternatives; when they want to sell-off their condos/fractionals, they may find they have lots of company.
Smiling JOe avatar
SoWal Expert
#28
>As soon as they can accurately predict what's going to happen next week I'll start believing this.<

I may not be able to accurately predict what's going to happen in the next week--but I can accurately predict this: Taxes WILL go up;...

I realize that you are predicting, but I too, thought that taxes always went up. Last year Walton County's millage went down.:shock::blink:
OnMackBayou avatar
Beach Lover
#29
>As soon as they can accurately predict what's going to happen next week I'll start believing this.<

I may not be able to accurately predict what's going to happen in the next week--but .

As we chase the moving target.......

In relation to property values my taxes here are a fraction of what they were in Houston, Chicago and Lake Geneva, WI.
Smiling JOe avatar
SoWal Expert
#30
As we chase the moving target.......

In relation to property values my taxes here are a fraction of what they were in Houston, Chicago and Lake Geneva, WI.

I know what you mean. My taxes in SoWal are about only half of what they were before I moved. However, my grocery and eating out bills are about double. I guess it all balances out.
SHELLY avatar
SoWal Insider
#31
>>I realize that you are predicting, but I too, thought that taxes always went up. Last year Walton County's millage went down.<<

Apparently this year (according to another thread) they (taxes) seem to be a bit troublesome for some.

Wonder if the chatter at deck parties will change from how much one's property values have increased to who pays the lowest taxes.

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