Calling The Bottom

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flyguy

Beach Lover
Apr 2, 2007
77
12
Re: The bottom has arrived

I really was kidding about calling the bottom. I couldn't call it nor can anyone else till well after the fact. I do think the downside potential on the beach is greatly reduced at this point.

Time to buy real estate? Only if it is affordable to you and part of a balanced portfolio. You can't time the market wether it is stocks, real estate, or corn futures. I own real estate but relative to my overall portfolio it is not overweighted. Whatever your worth, spread it among various asset classes and don't speculate.

I also own gold and other commodities just in case the doomsday folks are right (or partially right as they have been). But lets face it, if we do have the great financial meltdown and the end of civil discourse as we know it, all asset classes will tube.

I don't try to hit financial homeruns, I diversify and hit singles. And I try to enjoy it along the way.


If we are watching the end of the world as we know it, at least I have a nice view.
JMHO,
Flyguy
 
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flyforfun

flyforfun

Beach Fanatic
Oct 20, 2006
311
39
Birmingham, Al
Re: The bottom has arrived

Congrats! Five years from now you are going to be kicking yourself for not buying two!:clap:

flyguy said:
Well it must be the official bottom because I just
bought in.

PCB beachfront on a low floor (and I mean on the beach). Built in 2004/2005. About 1500 square feet finished out high end.

I predict nothing but up from this point forward.

Joking aside while I hope it is the bottom, I made the age old mistake of falling in love with a place and bought sooner than I planned. :bang:

Maybe still some downside but I am in.:D Its all about the view at happy hour!:cool:

Good luck to all,
Flyguy
Click to expand...
 
flyforfun

flyforfun

Beach Fanatic
Oct 20, 2006
311
39
Birmingham, Al
Re: The bottom has arrived

You know, I have a nice home on the beach, so I am now just looking for vacant land with beach views and high elevation. Bobby J keeps me posted when something pops up that fits my select criteria. I am looking for good lots close to seaside, along 30-A, with water views and beach access that are outside of the large developments. You can bet that when that right old seagrove property comes available, I am going to buy it! With amend 1's passage protecting me from the county increasing property taxes more than 10% a year, I plan on buying two lots this year. But remember, I don't buy to flip and like to hold on to my property 5-10 years. However when I find a lot that will allow you to put a trailer on it, you will be the first person I will call. If I wanted a condo, now is a good time to buy one. I just think you need to be asking alot of questions and making certain you speak with HOA President about lawsuits, assesments and if there are any pending issues with the building. I like the construction of all the new condo's being built, and feel confident most are going survive the storms with minimal to no damage.
 
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SHELLY

SHELLY

SoWal Insider
Jun 13, 2005
5,763
803
Re: The bottom has arrived

flyforfun said:
You know, I have a nice home on the beach, so I am now just looking for vacant land with beach views and high elevation. Bobby J keeps me posted when something pops up that fits my select criteria. I am looking for good lots close to seaside, along 30-A, with water views and beach access that are outside of the large developments. You can bet that when that right old seagrove property comes available, I am going to buy it! With amend 1's passage protecting me from the county increasing property taxes more than 10% a year, I plan on buying two lots this year. But remember, I don't buy to flip and like to hold on to my property 5-10 years. However when I find a lot that will allow you to put a trailer on it, you will be the first person I will call. If I wanted a condo, now is a good time to buy one. I just think you need to be asking alot of questions and making certain you speak with HOA President about lawsuits, assesments and if there are any pending issues with the building. I like the construction of all the new condo's being built, and feel confident most are going survive the storms with minimal to no damage.
Click to expand...

So you recommend others buy condos now lest they'll be kicking themselves in 5 years, yet you wouldn't buy them yourself....so can we conclude that you're into self-flagellation?


.
 
Miss Kitty

Miss Kitty

Meow
Jun 10, 2005
47,011
1,131
71
Re: The bottom has arrived

I sure have been getting alot of emails from a certain real estate company announcing many sales of homes and lots in WC.
 
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