tag:blogger.com,1999:blog-8903336.post7199118857227966069..comments2023-10-11T06:20:11.391-04:00Comments on Key West Chronicle - Key West Blog: Chart: Key West Real Estate Declines WorseningUnknownnoreply@blogger.comBlogger44125tag:blogger.com,1999:blog-8903336.post-39514404178904584562011-08-26T04:32:37.306-04:002011-08-26T04:32:37.306-04:00We need to find a new strategy in order to improve...We need to find a new strategy in order to improve our real estate business.Ray Brickmanhttp://www.dmcileasing.comnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-88987987884850900682009-10-05T22:09:36.980-04:002009-10-05T22:09:36.980-04:00Where can I get one of those cool red hats, I want...Where can I get one of those cool red hats, I want to be DOUGLAS Miller for fantasy fest?bikemannoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-42126632050929100782009-03-21T08:18:00.000-04:002009-03-21T08:18:00.000-04:00Gimleteye writes:http://eyeonmiami.blogspot.com"Ke...Gimleteye writes:<BR/><BR/>http://eyeonmiami.blogspot.com<BR/><BR/>"Key West, could you be any dumber?"Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-67728984068997545892008-04-03T00:18:00.000-04:002008-04-03T00:18:00.000-04:00Real estate is in trouble everywhere. Everyone is...Real estate is in trouble everywhere. Everyone is seeing the problems across the planet. Take a look at what is happening in England for example. As for Costa Rica at least you get a good afternoon and you do not have to worry about school shootings. And the children are not all on anti-depressants. One can live in C.R. for a lot less and have a very nice quality of life. Something that canDebora Edholmhttps://www.blogger.com/profile/17962515776659767772noreply@blogger.comtag:blogger.com,1999:blog-8903336.post-286155058644833152008-04-02T18:16:00.000-04:002008-04-02T18:16:00.000-04:00First State Bank is about half way down the list o...First State Bank is about half way down the list of recommended banks for workforce housing at Islander Village or Railway. It isn't surprising that they don't know a thing on how to deal with these mortgages. <BR/><BR/>Amerimortgage/Amerirealty IS NOT recommened as they do not have the expertise in these loans. Everyone interested in workforce housing is given a list of banks and insurance Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-7673976228965523792008-04-01T19:49:00.000-04:002008-04-01T19:49:00.000-04:00There is no "Dennis Miller" at Amerimortgage (and ...There is no "Dennis Miller" at Amerimortgage (and Amerirealty) - that's DOUGLAS Miller (you may know him from his frequent jogs around town in red hat and red short) and his business partner is - lo and behold - REGINA CORCORAN of the Key West Citizen real estate column that has been mentioned quite unfavorably on this board! <BR/><BR/>You got caught in the LIES!<BR/><BR/>Ha!<BR/><BR/>And he Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-19840822759243681282008-04-01T15:27:00.000-04:002008-04-01T15:27:00.000-04:00Thanks Cayo Dave! Now for a real question - what ...Thanks Cayo Dave! <BR/><BR/>Now for a real question - what about PMI? I understand that it is almost impossible to get private mortgage insurance anymore as credit and banks are tightening their lending strategies. Therefore, must every buyer have 20% down or more to buy property these days?<BR/><BR/>What's the scoop on PMI now?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-80054554139107988792008-04-01T15:00:00.000-04:002008-04-01T15:00:00.000-04:00WHAT KIND OF CRAP GETS POSTED ON THIS BOARD!Nearly...<I>WHAT KIND OF CRAP GETS POSTED ON THIS BOARD!</I><BR/>Nearly all kinds of crap is posted - your's included.<BR/>Seriously, my hope is that comments give people an opportunity to voice their opinions and debate their veracity.Cayo Davehttps://www.blogger.com/profile/15987361594608889802noreply@blogger.comtag:blogger.com,1999:blog-8903336.post-76277897592250505102008-04-01T14:19:00.000-04:002008-04-01T14:19:00.000-04:00What a dumb idiot!NO LENDER WOULD EVER TELL YOU TH...What a dumb idiot!<BR/>NO LENDER WOULD EVER TELL YOU THIS!<BR/><BR/>You CAN NOT use VA loans on a 99 year leased property! YOU MUST OWN the property to us a VA loan! You can't use your 'certificate of eligibility' on anything but a residence you plan to live in AND you own the LAND!<BR/><BR/>THIS JUST SHOWS THAT THE POSTER WHO THINKS YOU CAN USE AN ARM OR ANY OTHER LOAN THAN A 30-YEAR HAS LIED!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-34553212108331610762008-04-01T12:17:00.000-04:002008-04-01T12:17:00.000-04:00I am ABSOLUTELY POSITIVELY RIGHT as I work in the ...I am ABSOLUTELY POSITIVELY RIGHT as I work in the industry and work with the affordable workforce housing. I know YOU CAN'T BUY WORKFORCE HOUSING WITH ANYTHING BUT A CONVENTIONAL 30-YEAR LOAN!<BR/><BR/>Call Orion Bank - Call Keys Federal Credit Union - Call Location 3 Real Estate who is the listing agents for both Railway and Islander - Call the Housing Authority office who are in charge of the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-1681392389885811912008-04-01T03:20:00.000-04:002008-04-01T03:20:00.000-04:00You can't purchase a workforce or affordable home ...<B>You can't purchase a workforce or affordable home with anything but a 30-year fixed loan and you have to have the 3% or more to qualify for a loan from any of the recommended banks.<BR/><BR/>Do a little homework before you spout off about ARM's and workforce housing - you can't use these bogus loans for these units.</B><BR/><BR/><BR/>You are absolutely, positively 100% wrong. First State Bank Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-909292684723296832008-03-31T17:39:00.000-04:002008-03-31T17:39:00.000-04:00You can't purchase a workforce or affordable home ...You can't purchase a workforce or affordable home with anything but a 30-year fixed loan and you have to have the 3% or more to qualify for a loan from any of the recommended banks.<BR/><BR/>Do a little homework before you spout off about ARM's and workforce housing - you can't use these bogus loans for these units.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-54721347348972490482008-03-31T11:45:00.000-04:002008-03-31T11:45:00.000-04:00Oh, and let me respond to this paragraph: And the ...Oh, and let me respond to this paragraph: <BR/><BR/><I>And the last thing - these affordable units are a lot easier to buy than those market rate properties. With little or no money down and less money needed a closing what makes it such a bad deal? With these short sale and foreclosure homes, you need at least 20-30% or more to put down, superior credit (the banks aren't lending like they used Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-1442944046526543622008-03-31T11:23:00.000-04:002008-03-31T11:23:00.000-04:00Affordable Housing is socialism, not capitalism. G...Affordable Housing is socialism, not capitalism. Giving a list of the type of people buying Affordable Housing is simply listing the blue collar workers who yet again are entering into a contract which they fully don't comprehend.<BR/><BR/>The people who benefit most from Affordable Housing are the developers.<BR/><BR/>Meanwhile, rents are coming down all over Key West and someone in this thread Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-2441627865575678362008-03-30T10:46:00.000-04:002008-03-30T10:46:00.000-04:00When I read that a realtor thinks workforce housin...When I read that a realtor thinks workforce housing is a bad deal I know it's a good thing. Think about it - they don't get the commission and they would rather you buy from them than from the county. I don't trust realtors especially with the current housing situation. <BR/><BR/>Buying a house is buying a place to live and not for future equity to tap. If you think it is for you, go for it, Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-23413122103525885582008-03-30T10:06:00.000-04:002008-03-30T10:06:00.000-04:00Some of those Seaside townhome units are affordabl...Some of those Seaside townhome units are affordable and sold out immediately. I know several homeowners there who are quite happy paying less than $1000 per year in taxes and very low insurance rates. So they have a 99-year lease on the land- they still got a great low mortgage (less than renting a similar sized place) and some even got home equity lines and are quite happy with their purchasesAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-49015632618749955902008-03-30T01:04:00.000-04:002008-03-30T01:04:00.000-04:00Sally, a realtor, who didn't own property? I find...Sally, a realtor, who didn't own property? I find that hard to believe, especially as the Monroe County tax roles and the county records proves this to be a LIE! Face it Sally, you lived on Flagler Avenue in a flooded out CBS dump and left for crime ridden Costa Rica as an ex-pat. Now you have sour grapes as you can't return. Rents are going up on the island as those in the foreclosure and Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-56852222933404640832008-03-28T13:23:00.000-04:002008-03-28T13:23:00.000-04:00When I left Key West Jan 2006, I was renting a 4 b...When I left Key West Jan 2006, I was renting a 4 bedroom/2 bath 1800sf CBS house with a pool, central ac, brand new kitchen, laundry/utility room, big yard, off-street parking, in new town for $2,100/month. (That house is still renting for that same money to the tenant I put in there.)<BR/><BR/>Anytime something broke, I called the landlord who also paid the taxes and insurance. He fixed Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-7481617391561406882008-03-27T23:59:00.000-04:002008-03-27T23:59:00.000-04:00To all who own houses there and to all the people ...To all who own houses there and to all the people that let me sleep outside I'm just waiting to come back and snap up a few Be back soon if your selling,oh never mind I have my mind set on this one place,I knew this was going to Happen,finally good for me and bad for you,shucks.<BR/>jsinkeywest@gmail.com<BR/>aka future KW homeowner<BR/>the place I'm interested in was 1.75 yrs ago now I can come Danielhttps://www.blogger.com/profile/05825743493590464793noreply@blogger.comtag:blogger.com,1999:blog-8903336.post-18587676311681511372008-03-25T21:35:00.000-04:002008-03-25T21:35:00.000-04:00Also, with these workforce units, closing costs ar...Also, with these workforce units, closing costs are also limited. You can't say that for a regular priced home of equal value. Plus, you can get in a workforce house with little money down. With the short sale or foreclosure properties, you are at the mercy of the banks and lending agencies in charge of the loan. Pristine credit and a hefty downpayment is usually required - as much as 20% or Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-11150329162150220472008-03-25T21:26:00.000-04:002008-03-25T21:26:00.000-04:00Those deed restricted homes are not good bets. Loo...Those deed restricted homes are not good bets. Look at it this way: housing prices are falling off cliffs in Key West. The houses built by Ed Swift at the drive in theater start at $239,000 (it might be $249,000) for a one bedroom. <BR/><BR/>Here's what you are not telling folks:<BR/><BR/>1. Monroe County owns the land under these deed restricted homes Islander Village built by Swift, not the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-7201481351908494762008-03-25T21:24:00.000-04:002008-03-25T21:24:00.000-04:00It's a great deal when you consider the taxes and ...It's a great deal when you consider the taxes and insurance you will pay on those other homes in Key West that have fallen to the same price levels. There is no way anyone who buys a non-workforce home would be able to have the luxury of just $1500 in insurance a year or $2000 in taxes a year. Expect to pay more, much more for both - much more. Deed restrictions prevent insurance and taxes Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-86820995468977407112008-03-25T20:23:00.000-04:002008-03-25T20:23:00.000-04:00well I would like to say I don't qualify but if bu...well I would like to say I don't qualify but if business stays like this past year, I would probably make it<BR/><BR/>But at 259k is that really a great deal? Will it be a great in a year or two? There are quite a few places available in that price range now aren't there?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-66172904918324125842008-03-25T18:41:00.000-04:002008-03-25T18:41:00.000-04:00Oh and Islander Village units start at 239K for a ...Oh and Islander Village units start at 239K for a 1 bedroom, $259,750 for a 2 bedroom 2.5 bath and a $289,750 for a 3 bedroom 2.5 bath and they have a shared community pool and some units have covered parking and they still have units available. No, I don't sell them but I am planning to move there. It's a great deal for us worker bees in Key West who want to own a property and plan to stay Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-43029398787575936812008-03-25T18:35:00.000-04:002008-03-25T18:35:00.000-04:00For Ben - I know that for the workforce housing at...For Ben - I know that for the workforce housing at Islander Village (at the old drive-in on Stock Island that can be seen from the water) the income limits are:<BR/><BR/>For a 2-bedroom unit, an individual can make no more than $87,928 per year and a married couple can make no more than $117,237 per year. <BR/><BR/>For a 3-bedroom unit, an individual can make no more than $97,600 per year and a Anonymousnoreply@blogger.com