Go Back   CruiseMates Cruise Community and Forums > People > Chit - Chat for Cruisers
Register Forgot Password?

Chit - Chat for Cruisers Open Forum for non-cruise posts. Please refrain from inflammatory rhetoric that could be considered offensive. We reserve the right to edit or delete for any reason.

LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old August 22nd, 2005, 08:37 PM
UConn1's Avatar
Senior Member
Join Date: Mar 2002
Location: Orlando, FL
Posts: 2,033
Send a message via AIM to UConn1 Send a message via MSN to UConn1
Default Not so good news for parents...

Backstory: My parents, who worked hard for what they have and deserve the best, retired to Florida about 7 years ago. They first lived in a very nice house in Hunter's Creek, then decided to upgrade and move to Celebration. In 2003 they decided to move to a new upscale apartment complex and have an 1,869 square foot apartment that has many upgrades in it that they pay an arm and a leg in rent for - because they can. They love this apartment and had hoped that would be their last move.

Now: Today they found out the complex is going condo. They have suspected it for a while and the surveyors have been out there everyday for the last couple of weeks. My dad goes to the office to get some info and this is what they tell him. The sale of the complex will be final by the end of October and the apartments will sell for $350-370 a square foot. With their upgrades theirs could possibly be more. You do the math - 1869 x 370 = $691,530!!! My parents are moving. I haven't gotten a real feel for how upset they are, but my mom said that the move to the apartment would be their last. Neither of them want to own a $700K condo this late in their life. I believe state law mandates 9 month period from the date of going condo notice for residents who are not buying to vacate. So they need to get on the ball and begin house hunting.

Housing prices are unbelievable. I just resigned my lease, but had them put in a home purchase clause because I want to buy a house - my plan was to buy it within the next year, but there is no way I can afford anything right now. I am looking for a home or a condo under $250,000 and the only things I can find for that are under 1000 square feet and don't have a garage (a requirement for me) or are too far out in the country for me.

How high are home prices where you are???


Reply With Quote
Sponsored Links
  #2 (permalink)  
Old August 22nd, 2005, 08:47 PM
Join Date: Aug 2005
Posts: 60
Default Re: Not so good news for parents...

We moved from Vegas 8 yrs ago & since then housing has sky-rocketed out there. Our home that we sold was only 5 yrs old & we sold for $135 & it has been sold twice since then & is on the market now for almost $300, crazy. How terrible for your mom & dad just when they think they are settled.

Mark & Deb
Reply With Quote
  #3 (permalink)  
Old August 22nd, 2005, 09:03 PM
Senior Member
Join Date: Jun 2001
Location: Orlando
Posts: 4,430
Send a message via AIM to Angela Z.
Default Re: Not so good news for parents...

I agree, it's absolutely stupid what the real estate prices are doing here in Orlando. (I really wish we'd bought in Thornton Park before it was Thornton Park.....then again when I moved here in 1979 only the transients were living in Thornton Park.)
My heart goes out to Red and your dad.....hope something easy works out for them.
Angela Z.

on Celebrity Constellation
Reply With Quote
  #4 (permalink)  
Old August 22nd, 2005, 09:18 PM
Posts: n/a
Default Re: Not so good news for parents...

You know, this is terrible. Having aging in-laws with no long term care insurance, it is scary...........my husband is a CPA and he said the saddest thing is to watch a client outlive what he has put aside for retirement as income.............if they keep making people buy these condos in this real estate market..............sad, sad..............Florida seems to be doing this all over. Panama City Beach is doing it as well................
Reply With Quote
  #5 (permalink)  
Old August 22nd, 2005, 09:35 PM
Senior Member
Join Date: Dec 2001
Location: My GPS says 12 ft. above 6 ft. under!
Posts: 7,282
Default Re: Not so good news for parents...

It's one of the many reasons we're going RV'ing full time next year. Sell this house and get top dollar, invest it in mutual funds, buy an RV and live wherever we wish. The whole USA is our back yard and camp fees in the State and Federal parks are about $20 per night. And this includes trash pickup, electricity (mostly), lawn service, water and most of them are in the most beautiful acreage of the country.

Reply With Quote
  #6 (permalink)  
Old August 22nd, 2005, 11:32 PM
Familiar Face
Join Date: Jun 2005
Posts: 78
Default Re: Not so good news for parents...

Thomas: What's the MPG on your RV?

Where I live our home sales average about $530 a square foot. I paid $80K in 1980, would fetch $750,000 today. San Francisco.
Reply With Quote
  #7 (permalink)  
Old August 23rd, 2005, 12:17 AM
Junior Member
Familiar Face
Join Date: Oct 2004
Location: Edmonton Alberta
Posts: 22
Default Re: Not so good news for parents...

We live in Edmonton, Alberta and our home is l400 square feet in a good area of the city and it was just appraised at 215,000 and increase of 50,000 in 3 years. So they are increasing here as well, We have a full basement and a double car garage.

It is very had to see older people forced to move and make all the mental adjustments that go with this type of change in their lives.

The best to all of you.

Sweet Carol
I remain in Chocolate


Sweet Carol
I Remain In Chocolate
Reply With Quote
  #8 (permalink)  
Old August 23rd, 2005, 07:48 AM
skymaster's Avatar
Senior Member
Join Date: Dec 2004
Location: Central Florida
Posts: 10,931
Default Re: Not so good news for parents...

Hi Jodi;
Come over towards Lakeland, (Polk County) and take a look. Granted, the prices are absolutely going up, but they haven't hit the levels of the areas around us yet, and I think you'll find some very, very nice homes around here that are still affordable! (taxes are much lower too).
Get on the internet and take a look!
If I can help, let me know.
See you aboard,
Reply With Quote
  #9 (permalink)  
Old August 23rd, 2005, 07:52 AM
sue's Avatar
sue sue is offline
Senior Member
Join Date: Sep 2000
Location: Rhode Island
Posts: 5,206
Default Re: Re: Not so good news for parents...

I am so sorry to hear your parents have to move. I hope thye can find something that will fit their needs.
As for real estate prices. We bought our home 2 years ago at a price of 160,000 with a pool and a double garage. The builder now sells the same house for 301,089. Isn't this crazy? I am stunned and not sure how people can swing this kind of monthly payment.I think Florida is getting to be very expensive and we know of many families that have moved out of state due to the high cost of living with only small paychecks.

Dec 9th 2015 Land cruise to Germany and Venice Italy

June 1st 2015--- Denali Explorer Cruise on Star Princess!

Dec 18, 2014 Caribbean Princess
Reply With Quote
  #10 (permalink)  
Old August 23rd, 2005, 08:06 AM
Senior Member
Join Date: Aug 2002
Posts: 3,992
Default Re: Not so good news for parents...

In Westchester county NY where I live the median house is now selling for $750,000.
My three bedroom /three bath home with no garage , 55 years old is worth roughly $500,000. If it was in the lower part of the county ,instead of way up in the sticks where I live, it would be $650,000.
Low end rent for a two bedroom apartment is $1,200-$1,400 and can easily go to $3000 and more in a luxury building.
My sister in law has been in her small two bedroom coop for 5 years. Bought it for $63,000. They are going for close to $300,000 if they have been renovated.
Reply With Quote
  #11 (permalink)  
Old August 23rd, 2005, 08:10 AM
Senior Member
Join Date: Mar 2001
Posts: 2,904
Send a message via AIM to Darcy
Default Re: Not so good news for parents...

I live in southern NH, about 45 min north of Boston and the prices here have just gone crazy. We bought our house in 1997 for $150,000.00 - 4 bedroom, 2 1/2 bath, double garage and swimming pool. Now it would go for between $400,000.00 - $450,000.00. I don't know how the young couples are doing it. I wouldn't want to have their mortgage payments.

Celebrity Century 1/09
Carnival Destiny 10/07
Carnival Destiny 9/06
Monarch of the Seas 3/06
Carnival Inspiration 8/05
Carnival Miracle 4/05
Carnival Inspiration 4/04
Sovereign of the Seas 4/03
Reply With Quote
  #12 (permalink)  
Old August 23rd, 2005, 09:06 AM
MichelleP's Avatar
Senior Member
Join Date: Jun 2003
Location: sunny Orlando, Florida
Posts: 3,362
Default Re: Not so good news for parents...

I'm sorry your parents have to move, Jodi... turning apartments into condos sure seems to be the trend here lately, though. I had a friend in Metrowest at The Hamptons, and she had to move because they went condo. Before long there will be no place to rent!

We were lucky... we bought our house two years ago for $179,000 and now we think we could get $400,000 if we tried to sell today. Too bad we can't afford to move anyplace else! If we hadn't have bought when we did, we'd be priced out of the market.

Michelle P.


Reply With Quote
  #13 (permalink)  
Old August 23rd, 2005, 09:16 AM
KimJack's Avatar
Senior Member
Join Date: Dec 2002
Location: Orlando, FL, USA
Posts: 1,772
Default Re: Not so good news for parents...

I'm so sorry to read what's happened to your partents, Jodi. It's a sad sign of the times. We were living in an Orlando apartment ten years ago when we saw the writing on the wall. So we built our home for what was then a very reasonable price. We beat the boom, but just barely. I wouldn't say that a trend of converting apartments to condos has run rampant here, but it does seem to be more common today than it was a few years ago.

A lead story in today's Orlando Sentinel begins: "Orlando's median home price sprinted to another record in July, hitting $245,000, but the market showed signs it may be cooling. The number of sales of existing homes slipped for the second month in a row and the inventory of available homes jumped to the highest level in more than a year. The consecutive dips in monthly sales--compared with the same months a year ago--were the first such declines in more than a decade."

This well might be a sign of the times here in Central Florida. We know some people who recently speculated rather heavily in Orange County properties, and already they have cause to become disheartened by events suggesting that the bubble may soon burst. It's become a real guessing game, which is a really bad scenario when you're gambling with your life's savings.


Cruise #25, Monarch OTS 11/28/2011, Bahamas
Reply With Quote
  #14 (permalink)  
Old August 23rd, 2005, 11:27 AM
Posts: n/a
Default Re: Not so good news for parents...

Just bought a new house here in Northern California 1600 sq. ft $485,000.00, I'am just hoping that prices continue to climb. But then again how high can they go.............?
Reply With Quote
  #15 (permalink)  
Old August 23rd, 2005, 07:35 PM
Fern's Avatar
Senior Member
Join Date: Mar 2004
Location: Arkansas
Posts: 5,619
Default Re: Not so good news for parents...

I'm sorry to hear of your parents troubles. I really don't think it's fair to turn apts. into condos and throw people out. If they would do it as people moved out it would be much fairer.

We WERE thinking of retiring to FLA. because of the proximity to cruise ports. I think we've changed our minds! $700,000-yikes!

Y'all could come to Little Rock!

The condo across from us (two story, three bedrooms, 2 baths up, 1/2 bath down, LR, DR, KIT, office, patio, two car garage, use of pool and clubhouse) just sold for $170,000.

You'd also get Southern hospitality!

Carnival Inspiration2002CarnivalElation&
EmeraldPrincess2017 Island Princess2018
Reply With Quote


Similar Threads
Thread Thread Starter Forum Replies Last Post
Bad News and Good News Marc Chit - Chat for Cruisers 22 March 1st, 2006 04:05 PM
Good News, Bad News Cruizin K and J Chit - Chat for Cruisers 4 January 12th, 2005 07:00 AM
Good News and Bad News for Parrot Heads Seahunks Chit - Chat for Cruisers 0 December 31st, 2002 07:58 AM
Good news and bad news for puppy! Thomas Chit - Chat for Cruisers 8 October 29th, 2002 10:16 AM
Docs In-Good News/Bad News Sherry Celebrity 5 August 31st, 2000 03:15 PM

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


All times are GMT -4. The time now is 06:54 PM.
design by: Themes by Design

Search Engine Friendly URLs by vBSEO 3.6.1