
Bubba
Jan 13, 2007, 1:47 PM
Post #12 of 20
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Re: [sfmacaws] Rainy Season? What´s That?
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Whenever we think about selling this place I sit here and reconsider, I probably would never have another beach front home and this is hard to give up. Well, here is our experience. We were sick of the coastal commute and found an apartment with a spectacular view in North Beach where there is a lot of sun.. Our mind set was that we were sick of the foggy and overcast climate on the San Mateo coast so we just wanted to get rid of our Moss Beach property. We didn´t have to sell. We paid an outrageous $111,000 for this dilapidated shack on the sea in 1978. We sold it in 1988 for $205,000. Today it is worth at least $1,000,000. Probably more like $1,500,000 before the recent real estate market collapse. I guess what I´m trying to say is, sell your footprint on the sea after careful consideration. You´ll never get it back. I don´t even want to consider what that 600 sf apartment on Russian Hill we sold for a pittance is worth today. Oh well, we are just pleased to be in Mexico. Those of you unwilling to sell because you may make a large sum of money someday should just move on.
(This post was edited by Bubba on Jan 13, 2007, 1:50 PM)
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