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Old 01-09-2015, 06:33 AM
 
Location: Smithville, TX
553 posts, read 856,107 times
Reputation: 501

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Quote:
Originally Posted by Robert5 View Post
I am seeking an alternative to FL for a vacation home. Some place a good deal warmer than Denver in Jan and Feb. Although weather stats indicate CC is not as warm in the winter as south FL, it appears to be adequate for my purposes. I only plan to live there a couple months a year. Pluses include that CC is closer and cheaper than coastal south FL. I will say at this point I have never been to CC, but plan on driving down in a few weeks. I would like to get some input before I drive down. Does CC have a significant population of snowbirds? If so where are they largely from? For security and maintenance reasons I want a condo or townhome in a complex. I am willing to pay up to 150K. The condo criteria seems to limit my options to downtown, the island area east of downtown, and what appears to me based upon census maps to be a largely senior area north of downtown. The large senior population makes the later area less desirable to me. Is there any reason I should avoid any of those three areas? Is considering CC for a winter condo just wacky?
Port Aransas might better fit you: City Stuff | visitorsguide.portasouthjetty.com | Port Aransas Visitors' Guide Many beachfront condos, a younger and more spirited location.

The nearby Palmilla Beach Golf Club | Palmilla Beach Resort & Golf Club is the best in the area. Both Pharaoh Valley and Kings Crossing have failed in Corpus.

150K will not get you much, imo. I'd invest that extra cash in oil ETFs and buy a condo at the bottom of the market, if you like the area. Buying now is bucking the top of the local market due to the shale play boom.
Fuel Fix » Houston's daily must-read source for news and analysis on the oil, gas and energy business
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Old 01-09-2015, 11:48 PM
 
Location: Denver and Boston
2,072 posts, read 1,742,510 times
Reputation: 3772
Quote:
Originally Posted by Rust Never Sleeps View Post
Buying now is bucking the top of the local market due to the shale play boom.
I will take that into consideration, Thank You. I actually found it odd that there have been very few sales (Zillow could be wrong about that) in the CC area over the past year, and that there are not that many condos for sale. Perhaps that is a side effect of the oil drop. I think UNG is better short term bet than OIL.
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Old 01-10-2015, 04:58 AM
 
Location: Smithville, TX
553 posts, read 856,107 times
Reputation: 501
Quote:
Originally Posted by Robert5 View Post
I will take that into consideration, Thank You. I actually found it odd that there have been very few sales (Zillow could be wrong about that) in the CC area over the past year, and that there are not that many condos for sale. Perhaps that is a side effect of the oil drop. I think UNG is better short term bet than OIL.
I think UNG will be much better in the long term. UNG will be shipped out of CC once the processing facilities are built. The port is work-bound at present. From last May:
Panama Canal could influence future of Port of Corpus Christi - Story

I use the KISS technique and keep it simple using the WTI @ $50.00 as the symbolic (and emotional) benchmark in O&G pricing.

CC has thousands of workers building the new plants going in around the port, new apartments, etc. It's stuffing a quarter's worth of people on a dime's worth of space. Some of those workers will become Staybirds. . . if there is work.

It's a good time to reread John Steinbeck, Upton Sinclair, and Joan Didion, imo.

"What goes up must come down."

― Isaac Newton
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Old 01-10-2015, 05:44 AM
 
Location: Smithville, TX
553 posts, read 856,107 times
Reputation: 501
Quote:
Originally Posted by Rust Never Sleeps View Post
I think UNG will be much better in the long term. UNG will be shipped out of CC once the processing facilities are built. The port is work-bound at present. From last May:
Panama Canal could influence future of Port of Corpus Christi - Story
Correction, May 2011.
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