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This reminds of beach thinking a few weeks ago. One of my wife's patron's gave us use of one of his condo's in Destin, FL (Redneck Riviera). It was a penthouse, 15th floor, 5000 sf, private elevator opened into foyer, yadadadada. On the market for $2.5M (yeah, right). As I was sitting on the balcony I looked in both directions and saw row after row after row of similar upscale condo's....miles and miles of them.
The owners stopped by as they were staying in their $4M 7000 sft condo in a neighboring complex. How'd he make his money? As best we can tell he is a slum lord and has taken advantage of massive HUD subsidies for his "projects" type apts. Who knows? He mayhave inheritted ited it. Doesn't matter.
And knowing I was in one little Fla panhandle development, I couldn't help but think "Who the hell makes enuff money to buy these?" In friggin' Destin Fl? And there are opulent developments all over the country. Far pricier than the Fl panhandle.
Yeah I know people have over extended and subprime mortgages....but jeez...what are these people doing to afford such (relative) opulence?
Enjoyed it anyway...but....
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Jim
1987 Carrera
2002 BMW 525ti
1997 Buell Cyclone cafe project
1998 Buell S1W: "Angriest motorcycle I've ever ridden."
Last edited by Dueller; 11-05-2009 at 05:11 PM..
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