Gulf Shores - Orange Beach - Perdido Key Topics: LM Real estate view only
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Name:   cobra The author of this post is registered as a member - Email Member
Subject:   LM Real estate view only
Date:   9/29/2006 9:20:19 PM

How is this?
Your Monthly Payment for 30 Years
For an Interest Rate of 5.750 %

On a Loan Amount of $ 900,000.00:

$ 5,252.16 a Month
That is about what one would have to pay to own a home today on lake martin that has good water and view.
I just today looked at lots that were listed for $500,000 and up, mostly up. I think people have gone off the deep end. Remember, we are still in Alabama.
Now how about this

You have to live somewhere."
TRUE, but that doesn't mean you should waste your life savings on a bad investment. You can live in the same kind of house by renting during a real estate crash. A renter could save hundreds of thousands of dollars, not only by paying less every month, but also by avoiding the devastating loss of his down payment. In fact, it's currently cheaper to live in a nice hotel in most parts of the US than it is to make mortgage payments on an upscale home on lake martin.

But of course I could always use the past performance and go ahead and buy and sell in 5 years and double my $$$

My opinion only>> we are entering a time when Lake Martin real estate has stalled or really slowed. Be careful when you spend your hard earned money or maybe people are just spending the money their parents left them
Other messages in this thread:View Entire Thread
So real estate is slowing down - jawjagal - 9/26/2006 10:22:03 AM
     So real estate is slowing down - BamaBob3 - 9/26/2006 11:19:54 AM
     So real estate is slowing down - Ulysses E. McGill - 9/26/2006 11:31:23 AM
          So real estate is slowing down - boataholic - 9/26/2006 11:37:54 AM
               So real estate is slowing down - Ulysses E. McGill - 9/26/2006 11:43:50 AM
                    So real estate is slowing down - boataholic - 9/26/2006 11:48:39 AM
     So real estate is slowing down - Feb - 9/26/2006 12:32:53 PM
     Think so - greycove - 9/26/2006 1:21:46 PM
          Think so - boataholic - 9/26/2006 2:42:46 PM
          Think so - roswellric - 9/26/2006 2:45:53 PM
               Think so - BamaBob3 - 9/26/2006 4:12:42 PM
                    Think so - jawjagal - 9/26/2006 4:27:12 PM
                         Think so - JIM - 9/26/2006 5:22:43 PM
                              Think so - JohnGalt - 9/26/2006 8:18:21 PM
                                   Think so - roswellric - 9/27/2006 9:16:41 AM
                                   Think so - Feb - 9/27/2006 1:00:20 PM
                                        Shhhhhhhh - Ulysses E. McGill - 9/27/2006 1:26:56 PM
                                        Think so - boataholic - 9/27/2006 2:25:08 PM
                                             Think so - lamont - 9/27/2006 3:09:54 PM
                                        Think so - cobra - 9/27/2006 7:56:35 PM
                                             Think so - Feb - 9/27/2006 9:19:43 PM
                                                  Think so - Tallyman - 9/27/2006 10:20:01 PM
                                   Think so - boataholic - 9/27/2006 1:54:06 PM
     So real estate is slowing down - bamarama - 9/26/2006 5:26:04 PM
          So real estate is slowing down - JIM - 9/26/2006 5:38:50 PM
               So real estate is slowing down - cobra - 9/27/2006 11:17:11 PM
                    So real estate is slowing down - ChrisCraft - 9/28/2006 3:10:55 AM
                         Houses near Fomby's - greycove - 9/29/2006 3:02:12 PM
                              LM Real estate view only - cobra - 9/29/2006 9:20:19 PM
                                   LM Real estate view only - boataholic - 10/2/2006 10:04:10 AM
                                        LM Real estate view only - cobra - 10/2/2006 8:37:57 PM
                         Just - roswellric - 10/2/2006 9:20:35 PM


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