Liberty Bay/Briar Bay Community (West Palm Beach) (Wellington, Golden Lakes: section 8, real estate)

[RandomGuy85]

Is this area of West Palm Beach still considered "rough" today by those that live there? I am curious about purchasing a property to live in within this development, and I am trying to get more facts before I come to a final decision.

Thanks!

[BVG_Steve]

put it this way, the prices in those communities are less expensive that in other areas not that far away. neither is a community I would ever buy a residence in, so unless there is some compelling reason you are choosing from those 2 communities I would stay away. There is an old saying in real estate which holds true today, location, location, location and those communities are not exactly sought after communities to live in.

[City Guy997S]

Originally Posted by RandomGuy85

Is this area of West Palm Beach still considered "rough" today by those that live there? I am curious about purchasing a property to live in within this development, and I am trying to get more facts before I come to a final decision.

Thanks!

Stop getting blinded by the low price.....units are selling for 50% of what they sold for new 11+ years ago. Price is low for a reason.......yes it is still rough.

[BVG_Steve]

LOL, yes price is low for a reason. Houses are down only 10 to 20% from 11 years ago in better communities, so those communities being down 50% plus tells it all. I am a real estate investor so I am not blinded city guy, it is no longer rough and prices are up 60 to 80 % from bottom since 2011 in the better communities. The cream always rises to the top, location, location, location!!!!!!!!!!!!

I would not touch a property in any of those communities. In bull markets everything rises but better locations rise much faster as evident from what is going on now.

[FromCTtoFL]

Where would you buy if you wanted to spend 100K or less, maybe live in for 6-12 months, than rent it out. Tiny place, for one person and a baby? I see lots of condos in Briar Bay, Golden Lakes area, any suggestions?

[BVG_Steve]

personally I would never buy a place to live in for 6 to 12 months and than rent out. Life changes fast and you may want to go a different direction after 6-12 months #1. I would simply rent a place and then look to purchase. also there is no listings in liberty bay for 100K the prices are higher there. Briar bay there is 4 active listings under 100K.

have you seen these communities? there is obviously a reason these things seller for 90K when other similar communities 5 to 10 miles away would sell for double the price and saw tremendous price appreciation over the pat 3 years and this place has not really moved up with prices when the rest of the market did. My guess is a lot of section 8 within this community

[FromCTtoFL]

I appreciate your input, however you didn't really answer my question. My question is: Where would you buy if you had $100,000 or less to purchase a condo - no mortgage, cash only in WPB area?

[BVG_Steve]

unfortunately for $100,000 I can not suggest anywhere. In the other thread it was indicated about the whole foods indicator, which you and I both agree is spot on. Neither community you mention is in that area of Wellington and far from it not in actual mileage distance but it is 2 separate worlds. a similar condo in Wellington will be a lot more money but worth it.

[FromCTtoFL]

Originally Posted by BVG_Steve

unfortunately for $100,000 I can not suggest anywhere. In the other thread it was indicated about the whole foods indicator, which you and I both agree is spot on. Neither community you mention is in that area of Wellington and far from it not in actual mileage distance but it is 2 separate worlds. a similar condo in Wellington will be a lot more money but worth it.

Darn it! I know your right. I would love to rent for a year, but I don't think we can

[BVG_Steve]

why can't you rent for a year? Have you been to the area to even look?