Mission

[chrizzy100]

quote:Originally posted by huckleberry house

Who bought the parking lot !!

Seriously though I dont know how new owners are going to compete given you are up against villas that cost maybe half the price with more mature gardens and without the disruption of building work but I suppose as long as people keep on paying the inflated prices the builders will keep on increasing them.

Lesley

Having building work going on around a Villa you're staying in must be very off putting....the house was started behind us while we were closing on our house...if we'd had a pool with renters staying they would of been covered in brick dust for days on end.....so would the pool water.....it was everywhere.....I'm not doing a thing outside until the building around me stops.......I have to be honest and say I love watching the builders work.....all those strong tanned young men around were sure better to watch than repeats of Changing rooms.....[msnwink]....but if I were renting no being able to sit by the pool in peace would of made me unhappy......[msnsad]

[Quanah]

Thats like asking how any new business can compete with an established one , and yet it happens the world over, in all different businesses. (you never know what resources the new business have, or if new buyers even need to rent out).

Also the prices are driven by demand, not the builders , as they are with property/real estate everywhere in the world.

If your villa is worth twice what you paid for it, then it has been a good investment for you, as well a holiday home. Surely you dont begrudge others investing in the same market in which you have been successful?

And finally people can and will compete simply because it is there dream also, and wont be put of by negative comments, by existing owners who are after all competition.

quote:Originally posted by huckleberry house

Who bought the parking lot !!

Seriously though I dont know how new owners are going to compete given you are up against villas that cost maybe half the price with more mature gardens and without the disruption of building work but I suppose as long as people keep on paying the inflated prices the builders will keep on increasing them.

Lesley

[chrizzy100]

quote:Originally posted by Quanah

Thats like asking how any new business can compete with an established one , and yet it happens the world over, in all different businesses. (you never know what resources the new business have, or if new buyers even need to rent out).

Also the prices are driven by demand, not the builders , as they are with property/real estate everywhere in the world.

If your villa is worth twice what you paid for it, then it has been a good investment for you, as well a holiday home. Surely you dont begrudge others investing in the same market in which you have been successful?

And finally people can and will compete simply because it is there dream also, and wont be put of by negative comments, by existing owners who are after all competition.

quote:Originally posted by huckleberry house

Who bought the parking lot !!

Seriously though I dont know how new owners are going to compete given you are up against villas that cost maybe half the price with more mature gardens and without the disruption of building work but I suppose as long as people keep on paying the inflated prices the builders will keep on increasing them.

Lesley

Well I'm no competition....because I don't rent my home....I've watched the houses get smaller and the cost of buying get bigger.....if you're paying double the price...you may have a larger home loan.....and so more outgoing costs then someone whos been renting for a few years now.....if you have building work going on around your home.......you're not going to find it so easy to rent out.....people are not being negative...just honest......

[Quanah]

Mission Park is a small development, will be completly finished around the time our villa is ready, as we bought from the last dozen plots released. Every other sold out within days, so all have the same oct04-jan05 completion date. Shouldn't be a building site too long. [msnsmile]
I know what you mean though, we just stayed at southern dunes, and they are still building (from 0630 in the morning) and started in 1993.[msncry]
I understand the comments about prices, I wish I had bought years ago when they were cheaper, but then again, that goes for my home in the uk too, my car, man I can remember paying 80p a pint, I should have stocked up back then[msnwink]
Anyway all the best with your house. I class mine as a second home, and dont mind if I have to contribute to the upkeep, I would love to break even, but if I dont, I dont.[msncool]

quote:Originally posted by chrizzy100

quote:Originally posted by Quanah

Thats like asking how any new business can compete with an established one , and yet it happens the world over, in all different businesses. (you never know what resources the new business have, or if new buyers even need to rent out).

Also the prices are driven by demand, not the builders , as they are with property/real estate everywhere in the world.

If your villa is worth twice what you paid for it, then it has been a good investment for you, as well a holiday home. Surely you dont begrudge others investing in the same market in which you have been successful?

And finally people can and will compete simply because it is there dream also, and wont be put of by negative comments, by existing owners who are after all competition.

quote:Originally posted by huckleberry house

Who bought the parking lot !!

Seriously though I dont know how new owners are going to compete given you are up against villas that cost maybe half the price with more mature gardens and without the disruption of building work but I suppose as long as people keep on paying the inflated prices the builders will keep on increasing them.

Lesley

Well I'm no competition....because I don't rent my home....I've watched the houses get smaller and the cost of buying get bigger.....if you're paying double the price...you may have a larger home loan.....and so more outgoing costs then someone whos been renting for a few years now.....if you have building work going on around your home.......you're not going to find it so easy to rent out.....people are not being negative...just honest......

[chrizzy100]

Its not the case so much that you should of stocked up on FL homes in the past when they were cheaper.....the point is you have to make sure your house is going to be one of the few homes in your area that will still be worth what you paid for it in the future ....only time will tell if homes will carry on going up...or if they'll drop like a stone.......

[Quanah]

The Property game is a long term investment, thats what some people misunderstand(not a recipe to get rich quick, as all these UK TV shows would have us all believe, Property ladder etc).
Its only the people who panic and sell up if prices drop that loose out, or the ones who didn't budget and cant cover the costs if rentals drop,or never happen.
As a long term, property has always been the safest place to maintain wealth, just ask the landed gentry, or any wealthy aristocrat.
It produces income, whilst growing in capital value, over the long term out performing the stock market, and any other invetment.
Someone speaking to you who bought years earlier, might have wondered how you would cover costs, but at the end of the day, it wasn't there place to be negative, or try to worry people who have just made a huge investment, or are thinking about doing it.
Not very constructive, or even helpful, & could scare some new owners half to death.

quote:Originally posted by chrizzy100

Its not the case so much that you should of stocked up on FL homes in the past when they were cheaper.....the point is you have to make sure your house is going to be one of the few homes in your area that will still be worth what you paid for it in the future ....only time will tell if homes will carry on going up...or if they'll drop like a stone.......

[chrizzy100]

quote:Originally posted by Quanah

The Property game is a long term investment, thats what some people misunderstand(not a recipe to get rich quick, as all these UK TV shows would have us all believe, Property ladder etc).
Its only the people who panic and sell up if prices drop that loose out, or the ones who didn't budget and cant cover the costs if rentals drop,or never happen.
As a long term, property has always been the safest place to maintain wealth, just ask the landed gentry, or any wealthy aristocrat.
It produces income, whilst growing in capital value, over the long term out performing the stock market, and any other invetment.
Someone speaking to you who bought years earlier, might have wondered how you would cover costs, but at the end of the day, it wasn't there place to be negative, or try to worry people who have just made a huge investment, or are thinking about doing it.
Not very constructive, or even helpful, & could scare some new owners half to death.

quote:Originally posted by chrizzy100

Its not the case so much that you should of stocked up on FL homes in the past when they were cheaper.....the point is you have to make sure your house is going to be one of the few homes in your area that will still be worth what you paid for it in the future ....only time will tell if homes will carry on going up...or if they'll drop like a stone.......

At the prices some people are paying for homes...I think they need a wake up call.....when I got my home in FL I had no worries about covering cost because I was selling one home to buy another.....that was not to be.....I now own 2 homes in holiday places.....I've seen the ups and downs of owning homes in areas like this over the last few years.....if my home on the Cape.....had carried on going up in value at the rate it did.....say 8 years ago..it would now be worth $600k.....but around that time people stopped buying holiday rental homes.......and the house prices dropped.......now everyone wants to buy again....and the houses will go up......but soon we'll hit the time when the people retiring nolonger have the $400k it takes to buy a small place here......and the locals can't find that kind of money.....so again house prices fall.......if the people living in the area are not earning the money....they can't even if they want to cover the price of a house that someone paid $300k for today....and who will want double for it in years to come.....your house will only be worth what the market will bear....once the TV shows start coming on showing the people losing everything after buying a home.....the Brit buyers could dry up.....and it could take years and years before you get back on track....if you buy your home at a fair price.....around $180k...give or take......and think that you will get 3% growth on that most years......then OK....but thinking like a lot of people seem to think that their homes will carrying on going up $30k every few months.....well thats not going to happen as far as I can see....I would love it too......I have a house in the area I almost own outright..so I'd love for this growth to carry on forever...but I see it as a big bubble waiting to burst....I don't understand why people ask for advice and then say that the people who give it are being negative.......I found the people here to be helpful.....they give good advice....they give their time freely.....they are honest....if what they say is not want you want to hear that can't be helped......

[Quanah]

I didn't ask for help, I was simply trying to be helpful by giving infomation that was asked for by Ian Whitley regarding Mission Park. I certainly didn't expect to be spoken to as if I were a mug, having just bought in FL.
You are right, most people are very friendly and give excellant advice on this forum.
Both your comments and Huckleberrys directed towards me , were both insulting, and unhelpfull , and therefore unwelcome. [)]
We can all speculate on how the market is going to perform, but as I dont have a crystal ball, I dont try to pretend to be an expert.
I just want a second home in the sun, the same as everyone on here. I just dont need some self proclaimed "expert", telling me I'm stupid , or paid too much, or bought at the wrong time or whatever.[V]
In fact I wasn't even asking for advice, or giving, just answering someones query, & trying to help the guy out.
[quote]quote:Originally posted by chrizzy100

quote:Originally posted by Quanah

The Property game is a long term investment, thats what some people misunderstand(not a recipe to get rich quick, as all these UK TV shows would have us all believe, Property ladder etc).
Its only the people who panic and sell up if prices drop that loose out, or the ones who didn't budget and cant cover the costs if rentals drop,or never happen.
As a long term, property has always been the safest place to maintain wealth, just ask the landed gentry, or any wealthy aristocrat.
It produces income, whilst growing in capital value, over the long term out performing the stock market, and any other invetment.
Someone speaking to you who bought years earlier, might have wondered how you would cover costs, but at the end of the day, it wasn't there place to be negative, or try to worry people who have just made a huge investment, or are thinking about doing it.
Not very constructive, or even helpful, & could scare some new owners half to death.

quote:Originally posted by chrizzy100

Its not the case so much that you should of stocked up on FL homes in the past when they were cheaper.....the point is you have to make sure your house is going to be one of the few homes in your area that will still be worth what you paid for it in the future ....only time will tell if homes will carry on going up...or if they'll drop like a stone.......

At the prices some people are paying for homes...I think they need a wake up call.....when I got my home in FL I had no worries about covering cost because I was selling one home to buy another.....that was not to be.....I now own 2 homes in holiday places.....I've seen the ups and downs of owning homes in areas like this over the last few years.....if my home on the Cape.....had carried on going up in value at the rate it did.....say 8 years ago..it would now be worth $600k.....but around that time people stopped buying holiday rental homes.......and the house prices dropped.......now everyone wants to buy again....and the houses will go up......but soon we'll hit the time when the people retiring nolonger have the $400k it takes to buy a small place here......and the locals can't find that kind of money.....so again house prices fall.......if the people living in the area are not earning the money....they can't even if they want to cover the price of a house that someone paid $300k for today....and who will want double for it in years to come.....your house will only be worth what the market will bear....once the TV shows start coming on showing the people losing everything after buyin

[huckleberry house]

Quanah

I will apologise if my comments have made you feel stupid,they were mainly aimed at your comments regarding the builders holding off their release so that they could increase prices yet again.I can not apologise for my views on the cost of new builds.These are fuled largely by purchasers from the Uk looking to buy because of the strong pound/dollar exchange rate at the moment and as long as purchasers keep on paying the high charges then they will keep on going up,whether the high prices will continue after the dollar regains strength is something we can only speculate on.Many people read the posts on the forum not just those that have posted and all comments have to cover the general situation and cannot allow for individuals circumstances or financial situation.The downsides to purchasing a new build should be taken into account by any potential purchaser and I do not see anything wrong in so doing.

Lesley

[Quanah]

Thanks, Apology accepted.
You are right about the strong pound /dollar situation, and the builders response to it.
The market has on a whole grew tremendously over the last few years however, 13 million tourists in 1992 to 43 million in 2003. Will this continue to rise is anyones guess, but the local population is growing by 1200 every week, so property prices will continue to rise for the short term at least. After that who knows, but I'm willing to take the chance it will at least not drop lower than we have payed. As you well know most who has visited Orlando want to come back, and recomend to friends etc. So I see no reason that the market for property/rentals/vacations cannot continue to grow which in the end is good for us all.
Also when you see what you can get villa wise for your money compared with say mediteranean, it is still far better value, and does not have a limited rental season as most of the med does.
Best wishes with the rentals, and good luck with your investment.

quote:Originally posted by huckleberry house

Quanah

I will apologise if my comments have made you feel stupid,they were mainly aimed at your comments regarding the builders holding off their release so that they could increase prices yet again.I can not apologise for my views on the cost of new builds.These are fuled largely by purchasers from the Uk looking to buy because of the strong pound/dollar exchange rate at the moment and as long as purchasers keep on paying the high charges then they will keep on going up,whether the high prices will continue after the dollar regains strength is something we can only speculate on.Many people read the posts on the forum not just those that have posted and all comments have to cover the general situation and cannot allow for individuals circumstances or financial situation.The downsides to purchasing a new build should be taken into account by any potential purchaser and I do not see anything wrong in so doing.

Lesley