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Not trying to villify the Richards. They might be the exception to the rule, but I have had alot of people turn down or quit at their $10/hr. 40 hr week job with benefits. There are alot of jobs out there for people who are willing to work in Sowal and the surrounding area.

Robert and Kay Richards live in the center of this trend. In 2006, they took a 30-year, fixed-rate mortgage — a prime loan — borrowing $172,000 to buy a prefabricated house. They erected the building on land they owned in the northern Minnesota town of Babbitt, clearing the terrain of pine trees...

I also like WSWB, just came on too late, and now the RE market stinks. I would not be in a hurry to buy. St. Joe is not selling too many lots anywhere right now and there is going to be continued downward pressure on lots and homes until 2010. You can probably save another 10-20% by waiting a...

But bookings have been comparable to last year, just occurring at the last minute (people looking for deals, but not getting them).

Not necessarily true for Phase 2 and 3 in Watercolor OR Watersound. I know folks who have unoccupied places in both listed for rental.

Most people probably would not recommend I share the best strategy imaginable for this market. There are tons of short sales hitting the market every day and they take 60-90 days to close. The short sale addendum allows the buyer to back out at any time prior to the bank accepting the...

Bravo.

Yes, I missed the point to some extent. But the people in the US don't get that they are wrong. Many feel like the world does owe them a living and will not admit they are wrong. They need some degree of suffering. My folks were less generous than the ants in my bedtime story. They let...

i thought my grandparents were silly by never putting a cent in the stock market. They lost out on millions by keeping their cash in 4-5% CD's; they earned a steady return and did not have any big reductions. They learned the lessons of the great depression. My parent fortunately raised us...

I think this country would not have been in this mess if more parents in the 60s-70s had read their kids the bedtime story about the ants and the grasshopper. IF alot of the real estate developers, realtors, et. al. had just stached away 10% of their profits from 2001-2005 they would have...

a little birdie just told me a house in phase II is about to sell at $600k, less than $300 per sq. ft. Where is the bottom?!?!?!?

Anyone worked a short sale through Wells Fargo? I am hearing 30-45 days is the usual response time. I am a buyer not an agent. This is what my agent has told me the bank has said, but I didn't know if anyone had firsthand experience.

My advice for a "relatively" safe investment is to not buy anything that hasn't fallen 50% from its 2005 levels. There is not anything I have seen to point to an end to the RE slump. And the only glimmer of hope was dashed with the lower tax credit for only first-time home buyers on primary...

Great thing about a depression is that people start to care less and less about whether the coffee is fair trade or not. I surely don't. Get people quality products at good prices and that company succeeds (e.g. Walmart). I'll take non-fair trade coffee that tastes good at $1.50 a cup over...

They are priced right. Some of the North building 3BR units are under 600k and have 2244 sq. ft. with waterviews. The larger floorplans are awkward and there is alot of wasted space. The amenities are nice, check out the virtual golf on the tour. I was not impressed with the path to the...

As someone who does not yet own on 30-A this is music to my ears. I searched hard last year to work a short sale in Watercolor that did not pan out. That home has been unoccupied without electricity since May and the bank still has not finished the foreclosure proceedings. I cannot imaging the...

My favorite thing about Alys Beach is the great view of the Hilton home. :rolling:

Start here: Walton County Clerk of Courts Click on "i accept the conditions" Select "legal" on the left side of the menu Change the date range from 01/01/2008 to 01/24/2009; you can search any date range but your will get alot of info to search through Change "Begins" in the drop-down menu to...

it was actualy 3 different lenders; wachovia, wells fargo, and citibank that made the loans. Oddly enough, it is regions who financed the project and now those same units are listing at $400-500k as REOs and still not selling. I think that if we all kept our eyes open and reported these folks...

anyone know where to report mortgage fraud? I was surfing the clerk of court pages searching Sanctuary at Redfish and saw that there were eight consecutive saless from 3/4/08 through 5/01/08 at $1.1 to $1.2 million. Starting on Sept 10 through Jan 20th, all of those sales are now in the...

Dr. Fowler is the best by far.

Mark Williams, MD, in Panama City on 19th Street is excellent. You can find his # in the yellow pages or net.

things are about to get worse I had thought I might act on a Watercolor short sale and got a pre-approval letter from bank of america, who I have always used. This was in early May and was quoted 7.5% with 0 points for 30 years and 20% down on a Jumbo. Turns out it was so tied up in the...

Watercolor bottom I predicted the bottom to be at about $300 per square foot. You can get a decent lot for $300k and can build for about $150 per square foot (on the low end by WC standards). 2000 square foot home would cost $600k to build. There is your bottom. Even the short sales haven't...

innocent until proven guilty I guess this doesn't hold true when you are a white male accused of sex charges. Just ask the Duke LaCrosse players. The reverse discrimination disguised as political correctness is appalling.

Yeah, Callaway residents frequently get boil water notices. Scary!!!

I would avoid lynn haven like the plague. the zoning is horrid, the traffic is even worse, and the only upside is the public schools are better than elsewhere in panama city. i would stick to the cove (kids would need to go to holy nativity though) or the beach.

OK, maybe I'm wrong.

Another conspiracy theory, you mean I am not the first to notice. Must be true or you wouldn't take such offense to it. Look at the POA Board members at WC and see how many of them are real estate agents or developers, interesting?

While looking for a place in Watercolor, I found it VERY interesting at the network of real estate agent/ developers who are all working together to keep prices inflated in Watercolor. It is a great place, but if you are looking try to find a house that has a selling agent with only 1 or 2...

Must be gulf front. Big difference between that and Phase 2 and 3.

It has finally happened. Two homes closed this month for $300 per square foot. A 3400 sq ft sold earlier in the month for $900,000 and another 3400 sq ft. home sold for $1,050,000. The bottom is here and despite the optimism that spews from most real estate agents, things must be pretty...

In general you are going to be pretty safe with any MD dermatologist. Believe it or not, dermatology is the hardest residency to get into from medical school. In the last 10 years, you basically have to be at the top of your class to get considered. So any of them under 40 years of age, are...

Re: Anyone care to comment... My impression is that it is less than Watersound Beach and Watercolor, but still overvalued. Nothing has sold to my knowledge in there. I would look at Watersound Beach or Watercolor. It may be a few 100k more, but would make a wiser investment/ better place to live

Just wondering what the thought is for the bottom prices at Watercolor. There are listings in Phase 2 and 3 in the upper $300's per square foot and I know of some homes that have closed around $350 per square foot in Jan, primarily short sales. There are few signs that things are going to turn...