financial reality

Separating fact from fiction in finance and economics


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  • InLibrisLibertas
    Location : Mill Valley, California, United States

    I'm an independent investor. I make my living from the returns on my investments. I work at home, in the northern part of the San Francisco Bay area. I spent most of my career as an executive in high-tech, although I also spent time in banking. Down to one kid in university now!

Dateline Fort Lauderdale

December 18th, 2006 by reality

We spent the last four days in Fort Lauderdale, mostly looking at apartments for a possible future home. So we spent a fair amount of time driving around the city, obviously mostly in the nicer areas. $2,000 per month currently buys you a nice 2-bedroom apartment in a top of the line building, full amenities, concierge, etc. etc. either downtown or beach areas. Full ocean view is more than that. We didn’t look at houses because we didn’t expect to be in FLL fulltime and wanted a “lock and leave” situation, but I would estimate that one in ten houses were for sale. The same $2,000 will buy a 3-bedroom house with pool and dock, ocean access, but not in the prime areas, more up in Pompano Beach for example.

Looks like condo overbuilding is getting ever more extreme, construction is still underway. Trump is breaking ground, a little late one would have thought.

Posted in Real Estate |

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