By: shirley marcin

shirley marcin — Wed, 12 Dec 2007 06:58:13 +0000

My husband and I are here in Ft.Myers checking out the real estate market. What we are seeing is a definite drop in condo and home prices in gated, new and older, communities. We are looking to buy a “winter” getaway. What we are finding is that the condo may be affordable, but the HOA fees coupled with real estate taxes, is still an expensive investment. In the newer and upscale communities, those fees can add up to $1,000.00 per month. We have also heard, from inside sources, that major developers are laying off employees and are cutting back on developments that are in the works. We have decided to wait before buying. The weather has been glorious, in the low 80′s everyday, while our family, in the northeast (Massachusetts), are experiencing cold icy weather! We will continue to rent for the time being.

Comments on: Punta Gorda Florida Real Estate Suffers Worst Decline

By: shirley marcin