Phoenix Associates Land Syndicate (fka PBLSQ)

[monkeyfrog]

Hopefully how to build condos-- jk

I'm in Tampa and just the opposite is happening--[ I realize that NO is a very special situation]. For the last 3 years apartments we're being turned into condos as fast as they could get rid of the tenants- now I've noticed even a large hotel chain converting there motel units into apartments . Seems a lot of peope who sold there house during the incredible runnup are now renting and waiting to buy a house or condo until the bottom [ whether it comes to pass or not] is in. I sold my house this May and actually doubled my money and was very lucky to get out when I did. imo- the realestate market is nearly dead and this is supposed to be the peak selling time with school being out etc. My point is that the dynamics of realestate and realestate investing is changing very rapidly and " past results are no guarantee of future results"


I guess PBLS could always turn the condos into rentals if need be.

Maybe NO is going to become a new las vegas type gambling mecca and so price will rebound nicely! You probably have a better answer than me to NO's future- .

I wonder what it costs to insure new buildings and business's in the NO area- I know Tampa has increased 4 fold in 2 yrs with many business's actually being dropped from coverage altogether. Housing is even a crazier mess- If I knew anything about south Georgia realestate I would be investing in land that will house Florida business's heading away from Florida's sudden;y unfriendly business enviroment! imo