Saturday, December 31, 2011

Flying South?

I honestly haven't thought much about wintering in Florida this year. Maybe that's because it's been unseasonably warm the past two months? Or perhaps it's because living in New York now we are just so much busier?

Anyways I've tossed out a handful of lowball bids for unrented places in Naples the past couple of days.

We'll see if anything comes of it.

Of course I'd like to go, but my wife gives me such a hard time about taking the kids away from her for a couple weeks that it really mitigates the fun in the sun.

Either way I win. If I don't go....we'll save the $3,500-$4,000 total cost of the trip.

On the same subject, I am actually thinking about buying a place down there in Naples. It's not time yet, but it's getting close.

For less than $100,000 you can get a 2 bedroom place very close to Vanderbilt Beach now. At that price, the total annual cost of ownership (mortgage + taxes + HOAs) is only about $8,000 per year.

You could theoretically rent it out for just March and April for 4k+ and have half of that yearly nut covered.

Like I said, it's not time yet.

Those units are headed to 50k when the stock and bond markets revert to reality.


DA said...

Hey C:

What do you believe is "reality" for the stock and bond markets?


CaptiousNut said...

30% lower, minimally, for the stock market.

And much higher rates for bonds.

All the fools will be excited to see the Dow at 12,000 at the end of this year.

Meanwhile if it were 9,000....their annual contributions would buy a whole lot more.

It might stay here (or rise) for a quite a while so as to ultimately cause more pain.

Whatever. I'm almost fully checked out on it now.