Quote:
Originally Posted by JRcorvette
A Condo is one of the worst investments you can make. You are subject to all sorts of fees. Ones located on the Coast are the worst. People don’t realize that insurance does not cover everything that might be damaged and the deductibles can be huge.
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The key to purchasing a condo on the coast is due diligence same as purchasing any property. Six years ago we invested in one where the HOA had a million dollars plus in reserves. We only wish we had bought the only other one for sale at the time. The condos in our complex are selling for over twice as much today. I think they are overpriced just like many resales in The Villages. Six years ago they were a good investment. It’s all about timing and location location.