[kort677]

Originally Posted by JimKing

1. You are comparing apples to oranges. A $200,000 home does not rent for $1500. Right now in most of FL. a $500,000 and up home rents for that. You have confused the very reason you should rent....rents are way out of whack with asking prices.

you're living in a fantasy world!

[firemed]

Originally Posted by JimKing

1. You are comparing apples to oranges. A $200,000 home does not rent for $1500. Right now in most of FL. a $500,000 and up home rents for that. You have confused the very reason you should rent....rents are way out of whack with asking prices.

2. A $200,000 home is not a good deal if it is actually worth half that. It will most likely be worth $150,000 in a few years. You could rent a $200,000 asking price house for around $600/month in most of Florida. Try it, I bet they accept your offer.

3. . If you are willing to pay $1500 for rent you can rent a huge house in a top area. Stuck sellers are asking $2500 and taking $1500 in most areas. Read today's housing blog, landlords are saying they are pretty much leasing to people who can fog a mirror, not asking for big deposits, etc.

4. Not paying the traditional 20% or at least 10% downpayment is what helped make this mess.

5. Renters can demand checks of landlord's financials, check for overdue payments on the property, and have their deposits held in escrow, guaranteeing they can not get burned. Landlords are beyond desperate and tenants call all the shots.

It isn't even close, renting in Florida right now is the only way to go.

I must be in a different Florida. Jim is right you find someone that will pay 1500.00 on a 200k house you need to sell them the house for 400k but do it quick before the drugs wear off.

[rstate]

Originally Posted by JimKing

1. You are comparing apples to oranges. A $200,000 home does not rent for $1500. Right now in most of FL. a $500,000 and up home rents for that. You have confused the very reason you should rent....rents are way out of whack with asking prices.

2. A $200,000 home is not a good deal if it is actually worth half that. It will most likely be worth $150,000 in a few years. You could rent a $200,000 asking price house for around $600/month in most of Florida. Try it, I bet they accept your offer.

3. . If you are willing to pay $1500 for rent you can rent a huge house in a top area. Stuck sellers are asking $2500 and taking $1500 in most areas. Read today's housing blog, landlords are saying they are pretty much leasing to people who can fog a mirror, not asking for big deposits, etc.

4. Not paying the traditional 20% or at least 10% downpayment is what helped make this mess.

5. Renters can demand checks of landlord's financials, check for overdue payments on the property, and have their deposits held in escrow, guaranteeing they can not get burned. Landlords are beyond desperate and tenants call all the shots.

It isn't even close, renting in Florida right now is the only way to go.

Do you even live in Florida????????? Get a clue because you're definitely confused.

[firemed]

Originally Posted by rstate

Do you even live in Florida????????? Get a clue because you're definitely confused.

How long have you been in Florida ?

[rstate]

Originally Posted by firemed

How long have you been in Florida ?

We've lived here for 7 years

[firemed]

Originally Posted by rstate

We've lived here for 7 years

Outside of realestate have you seen a change in the area ?

[rstate]

Originally Posted by firemed

Outside of realestate have you seen a change in the area ?

The biggest thing is that more and more people are moving to our area from up north. On weekends, we'll always see people with out of state tags driving through our neighborhood. There's more road construction (which can be expected), but that's because of all the growth.

[firemed]

Originally Posted by rstate

The biggest thing is that more and more people are moving to our area from up north. On weekends, we'll always see people with out of state tags driving through our neighborhood. There's more road construction (which can be expected), but that's because of all the growth.

I just wanted to know what someone new to the area thinks. But is it good or bad ?

[KAINTUCK]

I have been here only two years. I am a pretty good student of local real estate though. Go to open houses at least twice a month. Drive up and down the coast looking forthe right situation. I bought just before the big hike and have done well but would like to be a bit closer or on the beach. I have looked heavily at condos and though they are not selling much and hav come down around 20% from the high they have not come down nearly enough.
Statistics show that resales are doing much worse than new construction for both per cent sold and price decreases are greater. In my opinion only one thing will change the market and restart sales. This is my common sense formula. In my area homes went up around 60 percent from the kickoff to the highest sale in about three years. The national average since WW11 has been 7-9% a year. Do the simple math. The correction needs to be 30+% to be at the correct level. Buyers know this but sellers aren't willing to accept this. The ship has left the harbor boys & girls and if you want to sell I'm looking for a good stable calm water raft to dump some spare change into. When you price it to me, also don't forget the local gouging beaurocrats that have assessed in accordance with the high point. Crist gives us an average of $150 each back according to an article I read assessing the tax cut impact. The raise in taxes was such a glut that most municipalities raised the cost of services by 15%,then 25%, then 10%, then whined and moaned about the tallahassee tax cut and begrudingly decided to give us 8% back and we are supposed to be greatful. Cheezy bas..rds raised their pension plans, grabbed the power of the money loading up salaries and coiffures and we are supposed to be greatful. Vote out every single politician regardless of political affiliation upcoming election and you may see tax rates fall further and this will also help sales. How many of you want to buy a $400,000 condo and pay $6,000 in taxes, $4,800 in fees. Yea right, work all your life to get to Florida,blow your cash and assume a mortgage for taxes and fees like you were 30 again. Hang on to your hats, things are gonna change.

[firemed]

Rents are low and still we see drops. I wish I could rent and have some other fool deal with HOI and Taxes, In some areas you don't need to put anything down. And if the place gets sold you can just stay there for free (Florida law is like that) Got to love it !
Life is sweet for North Port renters