Off-Topic: I considered Gulf real estate

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	Name:	Talullahhound -
	Subject:	I considered Gulf real estate
	Date:	8/25/2010 8:30:57 PM

earlier this year. I didn't want a house but I wanted a Gulf view condo. What really turned me off of it was the amount of default/foreclosures and escalating condo fees. I could get a really nice condo with a great view for a great price, but a realtor friend warned me that with increasing defaults/foreclosures, those owners that were left were facing quickly escalating condo fees, as someone has to pay for those amenities. So I backed away from that.

A friend just picked up a condo in Orlando for about $35K. I'm not a fan of Florida, but after visiting my Dad recently, I found myself considering property in Vero Beach. And right now, I'm just considering it.

You are right about the not being able to stay out of the market too long. I'm more optimistic. I'm not expecting things to go down a bit the rest of this year, and stabilize a bit next year. I keep hoping that Congress and the Administration is going to wake up. People are really upset and angry -- maybe upset enough and angry enough to wake Washington up.