- Nov 18, 2004
monty said:... In addition, there are many, many lots and homes for sale along 30A that are listed at below the original purchase price--people are beginning to lose money. I hate to see this happen to people, but it is a reality. If you don't believe me, ask one of the realtors on this board to verify.
Even if there are a handful, they were most likely purchased by someone who could not afford them and were hoping to assign the contract or do a quick flip. I have seen that happen, but to say this is the case for "many, many lots and homes" is stretching it from my daily observation of the market. ...But, who knows, maybe I have been asleep for the last six months. Could you please give us the parcel id, listing number, address, or any other identifier for just 10 of the many, many properties to which you refer? If ten is too many, how about starting with 5?
In the previous post, I show you a broader picture. I don't dispute that on a small level, very small, this may be happening, but your focus is extremely narrow and not true of the total market.