One of the frustrating aspects of being a real estate agent is seeing all these great properties and wishing I could buy them. I have bought a couple...but of course, I can't buy up all the great deals. My current obsession is a terrific loft on Longboat Key - gulf views, beach front for an unbelievable price.
A story came out yesterday about how the investor market has dried up, yet the vacation home market is going strong. The reason for it, in my mind, is simple. People my age, years away from retirement, recognize this market for what it is, and realize we may never see beachfront property at this price again. If I retire in 20 years, and my loft has tripled in price, could I afford it?
There are many negative aspects to this market. But the overriding positive has been, and remains, that for someone with a dream of beach living, the market has not been more auspicious in years.
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