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Beach property

Discussion in 'Money & Finance Forum' started by kshead, Sep 4, 2009.

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  1. Sep 4, 2009 at 1:57 PM #1
    kshead

    kshead What's the spread?

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    Or close to it. At least on the east side of US 17.

    How big of a pain in the ass is it (insurance, stress, etc.)? Everything from Myrtle to Holden appears to be for sale.
     
  2. Sep 4, 2009 at 4:04 PM #2
    LarryD

    LarryD autodidact polymath

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    i'd love to get some.
     
  3. Sep 4, 2009 at 8:09 PM #3
    jazzbluescat

    jazzbluescat superstar...yo.

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    I think there might be some beach property available on Spring Lake, seriously. :talker:
     
  4. Sep 5, 2009 at 11:00 PM #4
    marlinfan1

    marlinfan1 Full Access Member

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    I know of a boat load of prop/homes that list for $1mil+ that you can get all day long for 1/2 price.

    I'll throw in the furniture and the boat for a cool 7fitty!

    Buy low sell high.

    fishman
     
  5. Sep 6, 2009 at 9:12 AM #5
    kshead

    kshead What's the spread?

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    Need to change the boat to a pool. Feel free to torch the furniture WVU-style.

    The price cut is what got us interested. Prices are at least 1/3 lower than what they were 2 years ago.
     
  6. Sep 6, 2009 at 10:01 PM #6
    VA49er

    VA49er Full Access Member

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    I looked at some in Topsail in June. Lots of stuff available but was told insurance was a beatch to even get underwritten. Good time to get in if you can do it though.
     
  7. Sep 7, 2009 at 10:41 AM #7
    CharSFNiners

    CharSFNiners Full Access Member

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    My parents looked into it at Ocean Isle this year, and are still interested. There were homes on Holden (on the waterway side) going for $325k-$400k.
     
  8. Sep 7, 2009 at 7:50 PM #8
    marlinfan1

    marlinfan1 Full Access Member

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    ...I think that you're talking about flood insurance. Marlin
     
  9. Sep 8, 2009 at 11:16 AM #9
    VA49er

    VA49er Full Access Member

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    Flood, wind, whatever. Insurance in general is difficult to obtain along the coast I believe. That and property taxes are forcing some to leave.
     
  10. Sep 8, 2009 at 2:31 PM #10
    jazzbluescat

    jazzbluescat superstar...yo.

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    Flood ins must be a bitch on the beach.
     
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