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Started By
Message
re: Orange Beach Condo Ownership
Posted on 10/10/19 at 3:09 pm to Popths
Posted on 10/10/19 at 3:09 pm to Popths
$2000/w rent
$8000/m
Spend a month a year there for 20 years =
$160,000
Buy the condo = $800,0000 + dues
Spend about a month there every year. Maybe you make money selling it in 20 years, maybe you lose your arse. No way to know.
That's how my simple mind thinks.
$8000/m
Spend a month a year there for 20 years =
$160,000
Buy the condo = $800,0000 + dues
Spend about a month there every year. Maybe you make money selling it in 20 years, maybe you lose your arse. No way to know.
That's how my simple mind thinks.
1
Posted on 10/10/19 at 3:17 pm to deeprig9
quote:
Spend a month a year there for 20 years =
$160,000
Whew. Imagine having to spend a month a year there for 20 years. Ugh. That's the single most compelling argument NOT to buy a condo. Go see the world, enjoy different places. OB is not some sort of world beauty spot. Yes, the beaches are nice w/white sand, but it's a big planet with many, many gorgeous locales.
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