Title

Seeing the Future

      I had a customer call me and ask if he could find a condo on the beach in a good area like Sunny Isles, Hallandale or Hollywood. His price was no more than $250,000 but the catch was it needed to be a two bedroom. The apartment didn’t need to face the ocean but the building had to be on the ocean He wanted to be able to walk out onto the sand.

My first thought was maybe a studio or even a one bedroom, but two bedrooms? Then I came back to reality and remembered this was 2009 and not only could he get that there were 180 to choose from.

Usually when you see the price on an apartment you have a hard time picturing that it will ever be worth that much more than the asking price. Now it’s so obvious that even if things don’t ever go back to the height of the market there is still so much room to make a great profit that you wonder why people aren’t fighting over these properties. 

You can already hear the conversation that’s going to take place in a couple of years. Do you know that I could have bought on the ocean for $250,000 FOR A TWO BEDROOM? Naturally off the oceanside or a smaller place even less.

 How often do we really get to see the future and take advantage of that foresight?

This entry was posted on Thursday, March 12th, 2009 at 11:57 am and is filed under Market Trends. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply

Name (required)

Email (will not be published) (required)

Website