Real estate : Re: [Florida-RE] Distressed Beachside Condo Sale -- “Her loss is

» Jas_Jain - Re: [Florida-RE] Distressed Beachside Condo Sale -- “Her loss is

Re: [Florida-RE] Distressed Beachside Condo Sale -- “Her loss is your gain!”

George B Asked: Condo's in Florida being dumped?

Yes, but dumping has barely begun. Land close to beaches in Florida is in limited supply? LOL. If going horizontal is limited, go vertical.

“Her loss is your gain!”

You will be hearing a lot of this pitch. There sure are lots of Damsels In Distress in our soon-to-be God-forbidden State (Our official state motto is: Golden State, but there are few with gold and most loaded with dirt covered with building materials).

Don’t get suckered in any housing “deal,” folks, especially in San Francisco Bay Area. Why? There IS a high correlation with Fraud Money from the Scam Market and the home prices in Silly.con Valley. When the Fraud Money dries up in the coming years the housing prices will collapse to the early 1990s prices at the minimum. People there learned nothing from 2001-2 when the prices in Silly.con Valley, relative to median prices in CA, dropped significantly.

Soon, Silly.con Valley and CA economies will become victim of two bubbles.

Jas

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-----Original Message-----
Sent: Thursday, February 23, 2006 8:16 AM
Subject: [Florida-RE] Distressed Beachside Condo Sale

A client of mine has a pre-construction condo that needs to close in
a month or less. She told me that she is willing to sell to an
investor at a steep discount to what many of these condos have
already been assigned for in order to be able to assign hers before
it closes. Several of these units have been assigned to investors
for around $289,900. She is willing to sell her unit to an investor
for $235,000 as long as they can close in less than 30 days. It is
a 3,2 about 1,550 sq. feet. and is 1 block from the ocean and 1
block from Port Canaveral. It is accross the street from the new
Ron Jon's resort. This offer is available to the first investor
that is savy enough to scoop it up. The real current value of these
when compared to other condos in the area is around $300,000 when
compared with other condos in the area, but it was oversold to
investors in the begining and this is making it difficult to get out
quick. Her loss is your gain! Call me today with any interest,
because it won't be available for long at this price.

-- posted by Jas_Jain