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Old 07-04-2008, 09:52 AM
 
Location: America
6,980 posts, read 15,117,765 times
Reputation: 2059

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Quote:
Originally Posted by reinfo2008 View Post
Miami Beach itís not a good example, as is not the downtown area for the simple fact that too many condo buildings were built too fast thus creating excess supply (some still being built today) driving the prices down in those areas. But you also have to consider that miami beach it's way more expensive than other parts of miami


Your question has no logic at all, buying low/depreciated should be your top priority. You are buying at a discount rate right now. When would you rather buy? When the market is up again? By then you will be paying retail prices . The object of investing is to make money; you wonít make any if you start buying when everyone else is.
[SIZE=3] [/SIZE]
you can't be serious? The homes are not DEPRECIATED, they are DEPRECIATING. It makes absolutly no sense to buy something that is STILL falling in price. Its utterly absurd to even suggest such a thing.
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Old 07-04-2008, 10:08 AM
 
Location: Miami
15 posts, read 33,915 times
Reputation: 11
Quote:
Originally Posted by Wild Style View Post
you can't be serious? The homes are not DEPRECIATED, they are DEPRECIATING. It makes absolutly no sense to buy something that is STILL falling in price. Its utterly absurd to even suggest such a thing.
what is utterly absurd is to suggest otherwise
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Old 07-04-2008, 01:36 PM
 
Location: Palmetto Bay, FL
50 posts, read 147,776 times
Reputation: 19
The few rental complexes I looked at downtown were actually more expensive than the new luxary hi-rise condos, especially when they charge extra for parking and using amenities. I pay $1250 for a sizeable loft on the 23rd floor downtown, parking and amenities all included because the owner pays HOA...I can tell you there is a huge (factor of 2-3) income/class difference between people renting and those who bought the condos to live in last year!
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Old 07-04-2008, 03:47 PM
 
Location: America
6,980 posts, read 15,117,765 times
Reputation: 2059
Quote:
Originally Posted by brandonwkerns View Post
The few rental complexes I looked at downtown were actually more expensive than the new luxary hi-rise condos, especially when they charge extra for parking and using amenities. I pay $1250 for a sizeable loft on the 23rd floor downtown, parking and amenities all included because the owner pays HOA...I can tell you there is a huge (factor of 2-3) income/class difference between people renting and those who bought the condos to live in last year!
what do you mean?
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