R.O.I. – WSJ.com Maybe the smart way to play the real-estate crash is to come down here and rent. You can live in an amazing, brand-new condo, high above Biscayne Bay, for about $2,000 a month. And there are plenty of desperate owners who need the income. The cash doesn’t come close to covering all …
Monthly Archives: May 2008
Southwest Florida: Garage sale economy
Southwest Florida: Garage sale economy | news-press.com | The News-Press Garage sales have morphed in Southwest Florida from a means to purge the flotsam and jetsam in people’s lives to simply helping them survive. A plunging economy, soaring gas prices, the highest unemployment rate in 15 years and skyrocketing foreclosures are forcing Southwest Florida residents …
Guess this buyer saw a golden opportunity
Guess this buyer saw a golden opportunity On Monday, Realtor Kim Ogilvie closed a deal with a very interesting twist. A golden one to be exact. The buyer of a downtown Sarasota residence that sold for more than $1 million brought a briefcase filled with $400,000 worth of South African Krugerrands to the closing — …
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Strip’s vaunted condo-hotels losing their luster [Las Vegas]
Strip’s vaunted condo-hotels losing their luster [Las Vegas] Like some Vegas act that landed with big expectations but is struggling to gain traction, condo-hotels are having a tough time on the Strip. When they made their appearance here, these hotel-affiliated condominiums that can be rented by their owners as hotel rooms were pitched as a …
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Restaurant properties: Are they still in demand? [South Florida]
Restaurant properties: Are they still in demand? [South Florida] What’s the outlook for restaurant properties? Two brokers, Richard Ruvo of Port St. Lucie-based All Florida GMAC and Jim Traina of Americas Realty in Stuart, offered their perspective. Q. Are restaurant listings up? Ruvo. There are a lot more restaurants on the market now. I’d say …
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Condo crunch in S. Florida good news for bargain hunters
Condo crunch in S. Florida good news for bargain hunters The glut of condominiums for sale in South Florida is attracting a legion of bargain hunters. Out-of-state and international buyers are descending on the area in search of deep discounts as prices continue to crater. They want to get in now and wait out the …
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