Lighty ..... I believe Belmar issued 425 seasonal rental "co's" Down from I believe 550 last year. Why? More owner occuppied - at least in the summer.
Higher prices drive older homeowners and or investors out. As do higher and higher re taxes and rents that remain stable from 10 years ago. Someone giving you 700k for a bungalow gives you a better return then does 10k a summer less taxes etc. I'll let JJ explain the benefit of dumping now and leaving it to a nice bond with an 8%+ return for the next couple years. Rents are not covering new investors costs. The only bet is continued appreciation. You can also gamble on Wesley lake for appreciation if the prices will stay down around the 4's. ------------------------ Yahoo! Groups Sponsor --------------------~--> Get fast access to your favorite Yahoo! Groups. Make Yahoo! your home page http://us.click.yahoo.com/dpRU5A/wUILAA/yQLSAA/Y2tolB/TM --------------------------------------------------------------------~-> Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
