America For Sale

Comment #21

pacattack05 — Mon, 24 Mar 2008 02:24:35 GMT

I meant 128 trillion....

Comment #20

pacattack05 — Mon, 24 Mar 2008 02:15:53 GMT

I love MC fries, it's just that they don't like me....lol

Comment #19

pacattack05 — Mon, 24 Mar 2008 01:46:13 GMT

I mean it. This was a very strong one to boot. I love them. Always waiting to see what happens next. Multi-dimensions are abound.

Comment #18

JAP69 — Mon, 24 Mar 2008 01:46:11 GMT

Up in new england way we call those holes in the ground with water in them frog ponds.

Comment #17

time*treat — Mon, 24 Mar 2008 01:13:24 GMT

... of course you realize MCD's fries never rot, right? ;-)

Comment #16

justxploring — Mon, 24 Mar 2008 01:05:45 GMT

You mean these? You forgot to add a couple of zeros. $12,800,000

Comment #15

pacattack05 — Sun, 23 Mar 2008 23:39:55 GMT

Pine Island Road? No freakin way. I go to Burnt Store Marina, and Pineland Marina a lot. Talk about way out. But I know where you're talking about and it's not as far as the Pineland Marina, yet still out there. And you'd also save 2 bucks in tolls, because ever since they had that "pay the tolls one way", people have been cramming to use the free bridge on 75 going over the Caloosahatchee. I want a house off a fifth in Naples, right at the beach....lol I hear they're going for... [ More ]

Comment #14

justxploring — Sun, 23 Mar 2008 23:01:17 GMT

That crossed my mind Pac. This development was in the NE Cape off Pine Island RD but I'd still have to drive through N. Ft Myers to get to I-75. It was a long drive. Also, I was attacked by swarms of mosquitoes just standing outside the house. I don't know what the $120,000 houses look like, but there are lots of listings in both Lehigh and Cape Coral in the low $100s. Since there are houses also listed for $8 million, I guess it depends on the area! :-) The $8 million homes must be huge and directly on the river. The place I looked at said "on lake" but in FL they dig a hole and pee in it and call it a lake. People from Michigan must find it very amusing.... [ More ]

Comment #13

pacattack05 — Sun, 23 Mar 2008 22:37:51 GMT

I have a firend ( yes I have friends...lol ) who moved to North West cape, and I gotta tell you, it's way out there in the middle of nowhere. He also drives for a taxi company and most of the rides originate in Naples. Imagine having to pick someone up in Naples at 6 or 7 in the morning . He'd have to leave his house an hour and a half early or even 2 hours to just get to Naples during rush hour. I'm sure he's saving some money to live out there, but how much is he spending in gas? Especially when driving an 8 cylinder Lincoln town car...lol... [ More ]

Comment #12

justxploring — Sun, 23 Mar 2008 19:48:46 GMT

I was in retail for a long time and I know if you put a big sign "clearance" on something, people come running. I tried to stay away from those places. One store would change the price tag and then mark it down on a sale tag. There were just too many unanswered questions that, had I been aware of this "clearance" a couple of days earlier. I would have been able to research. As I wrote, by the time I arrived it was like when McDonald's was offering free fries (except on a pricier scale... [ More ]

Comment #11

JAP69 — Sun, 23 Mar 2008 18:58:32 GMT

Obviously the builder of these homes could not carry the financial load of a downturn and went bellyup. Generally a builder will have a 15 to 30 percent markup.<br

Comment #10

justxploring — Sun, 23 Mar 2008 03:35:04 GMT

Long post - but I wanted to answer everyone. :-)

Comment #9

justxploring — Sun, 23 Mar 2008 03:26:48 GMT

Pac - that's one thing you and I agreed on, but every time I pay rent I am paying someone else's mortgage. It's just that for years people ask me all the time "why are you wasting your money on rent?" So I'm trying to change my attitude. Pac, I don't even like Fort Myers but unless I win the lottery soon, Barefoot Beach is still way out of my reach. :-) Actually it's very close and I can walk there, but I can only wave to the multi-millionaires who live there and then I have to go home... [ More ]

Comment #8

pacattack05 — Sun, 23 Mar 2008 01:30:52 GMT

A friend told me about a house in the Cape selling for around 30 grand. I wouldn't live in the cape if you paid me.

Comment #7

time*treat — Sun, 23 Mar 2008 01:16:12 GMT

There will be plenty more deals "of a lifetime" during your lifetime. I wouldn't worry.

Comment #6

Tenaj — Sun, 23 Mar 2008 00:41:48 GMT

But some people will argue that it's not Greed and that we are just stupid people and need to learn economics 101 and as for the gas crisis it's supply and demand. That I don't get. It's enough of everything to go around many times over. I really do wish I could understand that mentality.

Comment #5

Rick G — Sun, 23 Mar 2008 00:41:15 GMT

that was a 20% drop in the last year.

Comment #4

Rick G — Sun, 23 Mar 2008 00:38:55 GMT

That's the only source I have of what value the local property market is at. In my immediate neighborhood property values have dropped by as much as 20%. <br

Comment #3

LuckyLilly — Sun, 23 Mar 2008 00:37:57 GMT

That said, at those prices I'd sure think seriously about buying one. Especially if they come with a new home warranty and if there's a cap on the % those HOA fees can rise each year. It is free advertising, but I think it's a big story too. Just a microcosm of what's happening all over the country except in Boise ID. LOL

Comment #2

Littleoldlady — Sun, 23 Mar 2008 00:22:31 GMT

I think it is that way everywhere but like you said, "there is no free lunch." Somewhere there are hidden costs and fees. Someone is going to have to pay the "Piper". this mortgage mess is almost more than I can stand. It was caused by nothing but greed. Greed on the parts of the lenders, the borrowers and the builders. Tell me, if I make only 45,000.00 per year, how in the world can I afford a 200,000.00 house. Or for that matter a house for 150,000.00? I don't see it and I really don't understand how people thought that the payments on their 200,000.00 home were going to stay at 800.00 per month. No way!! Americans used to be smarter and could figure things out but now I am not so sure. Oh for the good old days!!... [ More ]

Comment #1

justxploring — Sat, 22 Mar 2008 23:43:27 GMT

Isn't there a conflict of interest here? The broker who owns the agency that is marketing these homes and making all of the commissions writes a column for the Fort Myers news-press.

Original Blog Entry: America For Sale

justxploring — Sat, 22 Mar 2008 23:23:53 GMT