Your original post was as follows--
"They have recently closed on 1/3 of the available gulf front lots. Hey - 1 out of 3 ain't bad! "
I typically read 1/3 as meaning one-third. Then, you went on to say they sold 1 out of 3. A bit confusing don't you think. Also, you say they sold 1/3 of the available gulf front lots. Not sure what you mean by available. Does that mean currently on the market or total available in Alys. A little more clarity in your post would have helped.
Also, reread my posts. I never, ever said they owned Wave. I asked questions because I was not familiar with how Wave and Ebsco were related. Thanks for clearing that up.
No axe to grind here. If you read through my posts, I have been and continue to be very bearish on the real estate market in SoWal and elsewhere. You don't seem to mind when I question the value of real estate in Watersound, Watercolor, Rosemary or other places along 30A. Yet, you jump all over me when I question the value of Alys. I didn't see you swoop in to take up for JOE on another thread when I questioned the value of the company. Hasn't JOE been more responsible than any other entity for bringing lots of jobs and money to the area over the past 10 years??
I think people looking for RE in the area need to be very, very wary about buying. In Alys, I believe they should be especially wary. Very few sales, very high prices and only a fraction of the way toward buildout. All these things point to bad times ahead for anyone that pays anywhere near current asking prices in Alys. All I am doing is stating my opinions and maybe someone that is looking for RE in the area will read a bear's perspective before listening to the RE pitches of the bulls.
I have been right on about prices along 30A over the past few years. We'll see if I'm right about Alys too (my predictions about few sales in Alys over the last few years have also been right on the mark). So, if being accurate in predicting the market in SoWal means I have lost credibility--no worries. If you don't agree with my opinions, so be it.
