tag:blogger.com,1999:blog-8903336.post3245648863721174745..comments2023-10-11T06:20:11.391-04:00Comments on Key West Chronicle - Key West Blog: Record Foreclosures in Key West & Florida KeysUnknownnoreply@blogger.comBlogger25125tag:blogger.com,1999:blog-8903336.post-65053236181463364552010-08-05T00:28:06.668-04:002010-08-05T00:28:06.668-04:00I'd be interested to see how/if some of these ...I'd be interested to see how/if some of these comments would be revised if those who posted them could revise them circa August 2010.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-86964656907691946692007-09-10T17:30:00.000-04:002007-09-10T17:30:00.000-04:00Thanks for the tip! And I agree - that property is...Thanks for the tip! And I agree - that property is a total garbage dump!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-58952719961364373082007-09-07T19:33:00.000-04:002007-09-07T19:33:00.000-04:00Yeah, that crap property on Venetian Drive on the ...Yeah, that crap property on Venetian Drive on the smallest canal known to man. Ever been there? Total muck. Oh, and just so you will know, the origianl price may or may not have been the price listed in January as reflected. Remember - that home has been on the market for a long, long time. It got listed, then expired, then listed again. Orginally yes it was at $1.1M but that was way way long Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-43294891968211060932007-09-07T19:03:00.000-04:002007-09-07T19:03:00.000-04:00There will always be a demand for the unskilled la...There will always be a demand for the unskilled labor on this island and they don't seem to mind the 10 to a room arrangement. Either you live like a sardine or a bum on the beach. Rack em and stack em or live on the streets. That's the future of Key West if you ain't got the money honey to pay the price for something people think is paradise. Oh the shame!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-36782614823667192282007-09-07T19:01:00.000-04:002007-09-07T19:01:00.000-04:00What fricking MLS are you looking at anyway? Some...What fricking MLS are you looking at anyway? Some hacker must be playing games with you. You want the Key West MLS? Here is the link:<BR/><BR/>http://keywestmls.rapmls.com/<BR/><BR/>And I ASSUME you know there are THREE MLS SYSTEMS in the Florida Keys, right? There is Rapattoni for Key West that is SUPPOSED to be reciprical with the other two but there are still bugs to be worked out. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-36096919157542711252007-09-07T10:18:00.000-04:002007-09-07T10:18:00.000-04:00Sorry to disappoint you but as long as people will...<I>Sorry to disappoint you but as long as people will want to come to Key West rents won't go down; they are going to stay where they are or go up.</I><BR/><BR/>I doubt they will go down, but as it stands now if my landlord raised the rent, there are quite of few cheaper places in the paper<BR/><BR/>Its funny you talk about places going out of business etc, but then say rents will go up, it does FKFhttps://www.blogger.com/profile/05197098904709894323noreply@blogger.comtag:blogger.com,1999:blog-8903336.post-3997314809873240722007-09-07T09:31:00.000-04:002007-09-07T09:31:00.000-04:00Are taxes decreasing? Or most insurance policies ...Are taxes decreasing? Or most insurance policies like fire, flood, hazard, home owner's and even some windstorm policies? Has demand stopped? NO to each question so you can rest assured that rents are not going down. If you just lost your home to bankrupcy or foreclosure in Key West and you live here full time, are you gonna live in a tent? No, you are gonna rent and that puts more burden onAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-38176889032849621942007-09-06T22:22:00.000-04:002007-09-06T22:22:00.000-04:00Most flippers will walk away and not turn to renti...Most flippers will walk away and not turn to renting on a long term basis. It doesn't pay and most don't want the hassle. Sorry to disappoint you but as long as people will want to come to Key West rents won't go down; they are going to stay where they are or go up. Every short term rental is being grabbed up for season so there is no overflow of prime rentals on the market. If anything there Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-55853367561079249302007-09-06T20:39:00.000-04:002007-09-06T20:39:00.000-04:00A growing supply of condos and houses in all price...A growing supply of condos and houses in all price ranges bumping into stagnant demand = falling prices any way you cut it. Plus a probable small, medium, or capital R recessionary downturn in the national economy. Desperate flippers putting their properties up for rent to delay the inevitable = flat or declining rents for the immediate future. All of this might not be a bad thing for people Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-6308479221876111402007-09-06T14:17:00.000-04:002007-09-06T14:17:00.000-04:00yeah Canada, cold and no coral reef not where I wo...yeah Canada, cold and no coral reef not where I would want to live<BR/><BR/><I>But do you rent or own with your 7% return? </I><BR/><BR/>um I rent a place, my landlord offered to sell it to me for i think like 700k, it has a boat slip and is on garrison bight<BR/><BR/><I>You will have a roof over your head AND the ability to make 7% a year with what you will save in rent increases, security Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-57382799994219934222007-09-06T12:20:00.000-04:002007-09-06T12:20:00.000-04:00I own property and I make more than 7% return a ye...I own property and I make more than 7% return a year. Anything less than 9-10% is foolish. Quite wasting your money and your time.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-89888835397017722132007-09-05T19:34:00.000-04:002007-09-05T19:34:00.000-04:00The Canadian real estate market is booming. The C...The Canadian real estate market is booming. The Canadian stock market is on par with the US and the Canadian economy is robust with high wages, low unemployment, universal health care and a dollar at its highest since Trudeau was PM in the mid 1970's. Why? Because they do things in moderation. Take their real estate market - there is NO PREDATORY LENDING practices and a convervative approach Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-57698561957441914622007-09-05T19:28:00.000-04:002007-09-05T19:28:00.000-04:00But do you rent or own with your 7% return? If yo...But do you rent or own with your 7% return? If you rent, you are throwing away a lot more than 7% a year. Plus, if you bought last year and PLAN TO STAY AT LEAST 5 YEARS you will have a place that will not have a rent increase or a touchy landlord ready to evict you when your lease is up. You will have a roof over your head AND the ability to make 7% a year with what you will save in rent Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-31359742805264086142007-09-05T09:11:00.000-04:002007-09-05T09:11:00.000-04:00If you need housing and are ready to buy, why is t...<I>If you need housing and are ready to buy, why is that a 'bad move' as you say?</I><BR/><BR/>well if I bought a year ago when I got here I would be living in a condo that lost 100k of value in year for one thing, and if I held on to it for 5 years it might lose 200k before it starts going up again<BR/><BR/>I'm not sure how anyone could not see that as a bad move, especially since my mutual Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-25322113446249354962007-09-05T00:59:00.000-04:002007-09-05T00:59:00.000-04:00If you need housing and are ready to buy, why is t...If you need housing and are ready to buy, why is that a 'bad move' as you say? If you have a down payment and take out a fixed rate loan you should buy as long as you plan to live there at least 5 years. It is the fools that bought just to flip for profit and have no idea what they are doing that screwed up the real estate market just like the day flippers did for the stock market. Why is it Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-66497941390579833442007-09-04T16:01:00.000-04:002007-09-04T16:01:00.000-04:00I don't think anyone on this blog would say buying...I don't think anyone on this blog would say buying real estate in key west before 2001 was a bad move. <BR/><BR/>I think they are mostly saying buying in 2005, 2006, 2007 will probably be bad moves for a bunch of years <BR/><BR/>I doubt prices in key west will got back that low, but I have feeling they will go a whole lot lower then what most people thinkAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-6670156862281640612007-09-03T23:39:00.000-04:002007-09-03T23:39:00.000-04:00The Seaside South Court are deed restricted, like ...The Seaside South Court are deed restricted, like many on the island, for 30 years. The people who live here are lucky they got in about 2001 pre-construction and closed in 2005. Sure they waited but look what they got for the money. Look it up on the Monroe County Tax roles and you will see some of the low number addresses for Seaside South Court all sold below 200K. Take a drive there Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-37270912709047302402007-09-03T10:13:00.000-04:002007-09-03T10:13:00.000-04:00Affordable unit I paid $196,000 two years ago.I ha...<I>Affordable unit I paid $196,000 two years ago.</I><BR/><BR/>I have lived in key west for less then year, but when I got here the lowest priced condo on the entire island was around 400k<BR/><BR/>how did you find a place that cheap?<BR/><BR/>was it under some sort of income restrictions?<BR/><BR/><I>So while you are paying $2000 or more for a rental unit, I sit back and look around at the home Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-79803331636800667142007-09-03T02:02:00.000-04:002007-09-03T02:02:00.000-04:00Sure, I'll stay in Hawaii and think of all of you....Sure, I'll stay in Hawaii and think of all of you. Now that Duval Street is falling apart with high priced rents no one can afford and the real estate market has tanked in Key West. I can name names of all the contractors, plumbers, realtors, loan officers and appraisers who are losing their own businesses and homes because of over speculating in the housing market. Foreclosure and bankruptcy Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-2548250467944772012007-09-02T13:46:00.000-04:002007-09-02T13:46:00.000-04:00stay in Hawaii. No one wants you on the mainland...stay in Hawaii. No one wants you on the mainland.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-24787481516223476372007-09-02T02:07:00.000-04:002007-09-02T02:07:00.000-04:00I own in Seaside South Court. Yes, one block to th...I own in Seaside South Court. Yes, one block to the Atlantic Ocean and I can see it everyday. 2 bedrooms, 2 baths. Garage. Yard. Gated community with pool. Brand new construction. Affordable unit I paid $196,000 two years ago. Didn't have to pay closing either - nice perks because I looked into the HAMI loans (didn't need them)and because I couldn't prove my income (work in service industry) I Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-63304204248953122007-08-31T16:57:00.000-04:002007-08-31T16:57:00.000-04:00Looks like "Anonymous" is a realtor...w/ language ...Looks like "Anonymous" is a realtor...w/ language like "looks like it might be a good time to BUY (realtors always use ALL CAPS) a property in KW" <BR/><BR/>also...isn't sad that someone might blame a "blog" for the decline in housing prices, the forclosure of homes purchase by people who should have never had a loan to begin w/, and the current credit crunch?? they just don't get basic Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-58730996243948779782007-08-31T12:28:00.000-04:002007-08-31T12:28:00.000-04:00Another excellent post, Dave.You've seen the lates...Another excellent post, Dave.<BR/><BR/>You've seen the latest about Cay Clubs up at Sombero I suppose? That's small change, IMO, to what is going to happen to all the Singh and Spottswood developments.<BR/><BR/>By the way, we should put together a vote for "Ugliest and Cheapest Looking Major Development". Is there a way to do a poll on a blog?<BR/><BR/>My girlfriend ushers MARC house clients Rock Truebloodhttps://www.blogger.com/profile/12530856593253068223noreply@blogger.comtag:blogger.com,1999:blog-8903336.post-67934296004451234682007-08-31T11:29:00.000-04:002007-08-31T11:29:00.000-04:00"Looks like it might be a good time to BUY a prope..."Looks like it might be a good time to BUY a property in KW. Esp for those buyers who prev could not afford to do so. There is a silver lining here. "<BR/><BR/>Not for a few years. Who in their right mind would buy on the way down? And we're only just starting the plunge. ALL of the real estate stats are rear-view mirror. We will see the real mess this fall.<BR/><BR/>We better not hear that "Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-80478868100011313442007-08-31T08:39:00.000-04:002007-08-31T08:39:00.000-04:00And your point is? Looks like it might be a good t...And your point is? <BR/><BR/><BR/>Looks like it might be a good time to BUY a property in KW. Esp for those buyers who prev could not afford to do so. There is a silver lining here. <BR/><BR/>The Developers will have to drastically lower their prices or sit on empty units, the realtors will have to be realistic in what they hope to get for a property or face going out of business and the flippersAnonymousnoreply@blogger.com