Advice please [bought WSJ from the developer]

[DeniseM]

I missed the fact that this is an every other year deed - in my opinion, $42,000 is just too much. Rescind, do your research, and then make an informed decision.

Look at it this way:

-Are you aware that you have to pay $1,600 - even during the off years?

-Let's say the maintenance fee doesn't go up (it will - around 3-5% per year) and you own it for 20 years - your cost will be more than $74,000 for 20 years.

-Let's say that instead of buying, you rent every other year for $3,000 per week instead - that will cost you $30,000 for 20 years.

That's a deal killer.

 

[carpie99]

Yes that is what the original purchase was.

OH ... OK 50 years of renting to break even

 

[tomandrobin]

Yes that is what the original purchase was.

I have had three friends buy St John in the past two years. They all bought resale, they all bought resale.....two of the units are Hillside, one unit is in Bay Vista. The paid $4000, $5000 and $5500 for those three units. Two of the are EOY and one is EY, all are in the summer season, we like to go in July.

 

[GrayFal]

I have had three friends buy St John in the past two years. They all bought resale, they all bought resale.....two of the units are Hillside, one unit is in Bay Vista. The paid $4000, $5000 and $5500 for those three units. Two of the are EOY and one is EY, all are in the summer season, we like to go in July.

I paid $2500 for Coral Vista 2BR fall season 7 days 2BR or 15 days studio (or 9 studio days in summer)
Going this November for 15 days.
I paid $1 for Sunset Bay summer studio 7 days ( or fall 12 days)

Plan would be to put daughter/son and family in the two bedroom for 5 days while we stay in the studio for 12-15 days.

We like to go every year and tie it with some time at Harborside using resale mandatory SOs. These are easy flights from NYC.

You have to do what works for you.