Quote:
Originally Posted by Rocky
There's no doubt that renting first has its advantages, but it doesn't suit everyone, and it's easy to go inspect a condo unit at various times of the day and night to be assured of the quiet you want.
As for those condo fees you speak of at TradeWinds, I can't say how proportionate they were to your rent, but as an example, renting my 1 bedroom units to tourists who use the AC a lot more than I would, I average $250 US/month for condo fees, electricity, cable and water.
If I were living there, it would be more like $180 or $190 US/month.
Maybe you managed to rent a unit for that price, but it would be highly unusual.
With regards to condos being built around town, it's always been that way. There's always construction going on as the town grows, and if you were thinking that the prices would drop, I'm afraid that simply is not so.
Prices continue to rise at a steady pace, and if there were no construction going on, then the existing condo's prices would skyrocket.
|
This was 2-3 years ago, I paid 300 for a period and 350 for another period, no A/C. This was during a period when the electricity bills was extremely high up there - AND this was a long term rate. My point was, I do not see the reason to buy a place, stay there a couple of weeks a year - and then rent it out a lot.. Ok, if you believe prices will go up - buy, I do not know what will happen - lot of condos/houses under construction. Supply - demand bl.a. bl.a