Posted by BailOutNow on August 02, 2008 at 06:48:14:
Run. Run fast, run far, run deep. But run.
The south FL condo market is headed in one direction, and that’s far, far south. Next year at this time you’ll be looking back at that $200K valuation with tears in your eyes. Ane with a rental market for that condo at around $1,400/mo, holding doesn’t make much sense, either.
WHAT SHOULD I DO? - Posted by Attila _FL
Posted by Attila _FL on August 01, 2008 at 18:25:17:
Bought my condo in 2005 for 289K. It’s a 3 bed/2.5 baths 2,000 sqft on Golf resort. I remember I had to fight for it. Now it is assessed barely at around $200K. My total payment is around $ 2,700/month. I owe $220K. Should I sell, rent or lease option it? or just wait. Would like instead to put my $2,700/month into a SF or income property than a condo in the present market. I am in Pompano Beach, FL. Please advise.