Before Watercolor was built the county owned a large piece on the beach side. A deal was made with St. Joe and the county to give joe the land on the beach in exchange for joe building a parking lot on the north side. It took them forever to build it, I doubt they will build restrooms or anything that will attract attention. Watercolor does not have a large enough beach they don't want public beach goers on their beach. Joe has enough pull to get away with this. Watercolor's biggest problem will be their tiny beach. A friend of mine is selling his house because the beach is to crowded, he's building on his lot in Watersound, Huge beach.
St. Joe Quarterly Earnings Report
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I know of WaterColor owners who trek straight to the Beach thru Seaside and do not even go to WaterColor's beach. There are many homes in WaterColor with direct and closer access straight to the beach at Seaside.lampkwp said:
Smiling JOe said:
I remember the debate about leaving pedestrian accesses open from WC into Seaside. I wonder what Seaside got in return if anything.
Joe said:
Yes, it even has a sign as seen above. Nice parking lot, eh?
JOE stock has been going down a bit over the past week -- any idea why? Is this a good time to buy more or is it a warning that caution is advised? I'd be tempted to buy more while it's lower (but never seem to get around to do it even though I keep saying I'm going to).
I think the overall market has been in a sluff recently. Surely you do not calculate your home's value every week, so carry that forward and don't waste your valuable time calculating your portfolio's value every week. If after performing your DD and the stock is good, buy it. To some extent, forget the price, except when doing your DD. Trying to time the market will beat you up, and often leave you with very littlePaula said:
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Historically the market does poorly in August.
Thanks for the suggestions. The only part of my portfolio I think of playing around with is Joe -- I've been tempted to buy a little bit more for a while.
Might as well buy now while its on the down slide. It should be a long term hold!
Depending on when you got in, if you're at all concerned, a little profit-taking to lock in gains (or a stop-loss on a portion of your holdings) might be in order.
I think the real estate market has been spooked by the increasing yield in the the 10-year as of late and with Fed set to keep bumping up the rate (seemingly) through the rest of the year (and beyond), the speculators are starting to sweat. Could trigger a run for the exits--or not. (JOE's PE is way too high!)
I think the real estate market has been spooked by the increasing yield in the the 10-year as of late and with Fed set to keep bumping up the rate (seemingly) through the rest of the year (and beyond), the speculators are starting to sweat. Could trigger a run for the exits--or not. (JOE's PE is way too high!)