Naples, Are You Ready For The News?
The Naples Sun Times has this report on real estate. “Sellers, are you ready for the news?”"
“In February 2006 there were 5,417 single family homes listed for sale in the Sunshine Multiple Listing Service (MLS) of the Naples Area Board of Realtors, of which 204 sold. There were 5,289 condos/coops for sale, of which 179 sold.”
“Let’s do the math: 5,417 plus 5,289 equals 10,706. Divide that by 383, which is the number of homes that sold (204 plus 179). What do you get? 27.95? That means that in February there was a 28-month supply of homes for sale. In other words, if no other homes came on the market, it would take 28 months for all homes listed for sale to be sold.”
“What is the likelihood that no more homes will come on the market? And these figures don’t reflect homes sold or offered for sale not listed on the MLS.”
I tried to access the Naples realtor info and the Sunshine MLS with no luck. Here is the latest state press release.
‘Statewide, sales of single-family existing homes totaled 12,815 in January compared to 15,745 homes sold a year ago for a 19 percent decrease…Sales of existing condominiums in Florida also decreased last month, with a total of 4,456 condos sold statewide compared to 5,461 in January 2005 for an 18 percent decline.’
That is a similar story for downtown San Diego; although not as drastic. With 470-480 units on the market… and the rate of sales at around 1-1.5 units soled per day… it would take 470 to 313 days to exhaust the current inventories. Or, approxiamtely 10 to 15 months.
Of course… aren’t many units in the MLS duplicates? I thought that was typical. The number of units I cited for downtown San Diego are not duplicates.
Likelihood, higher taxes due to increased prices, new hurricane season (Wilma II coming), hot summer to come, floppers leaving, ARMs resetting, increased insurance costs, Boomers leaving because of increased costs/no longer wanting to deal with hurricanes - I think the probability is 100%
…rising energy costs…
Sure in Las Vegas property taxes went up 3-5% BUT I just received a proposed Power increase that would be in effect by June2006….a cool 24%.. yup it’s going to be a HOT summer in Vegas. The average summertime monthly bill must be near $400 now $500, versus $150 in fall and winter! Beam me up Scotty!
This is from the Wall Street Bear forum, where I post as SusanJBear.
Talks about an additional factor that is driving home affordability over the cliff. Not likely those Florida houses are going to get snatched up any time soon:
INSURANCE
Yeah, read that on another site. The sense of entitlement is pervasive, and the comment on this new hurricane season is so true. It’s one thing to wax on about people losing their homes to a wild storm, but that story gets old real quick the third time around as the bills and expectations of a bailout build up.
900/mo for insurance, ouch, there goes the monthly SS check…
Hurricanes are a SE coast phenom where housing/building costs are still mostly, reasonable. The entire west coast is due for a major earthquake and earthquake insurance has been tough to get and prohibitve. Just wait to see the line of crying handout anticipators and class-action lawsuits in CA… And since the fiasco and subsequent “DC tripping-over-our-dicks” to throw $$$$ at Katrina precedent, EXPECT THE WORST!
great post bear. that insurance markup needs to be factored into the purchase price of florida and other exposed gulf homes.
“that insurance markup needs to be factored into the purchase price of florida and other exposed gulf homes”
The hurricane losses (Katrina exculded) will be a day at the park compared to the day the BIG ONE hits CA if it hits in SF or LA. Property values are generally far less than half in the gulf coast compared with the west coast. The difference is, in CA it’s rare to carry earthquake insurance because the insurance bus has limited their exposure and Californians expect a bail-out. There is now precedent…
I know some older Californians don’t carry earthquake insurance because the deductibles are too high and the houses aren’t that valuable. The value is in the land, which will still be there (hopefully) after the earthquake.
Got our Allstate homeowner’s renewal info in the mail the other day- $1500 for next year replacement value for a 1700sf 80s era home that’s 7 miles inland and about 45 feet above mean sea level, so not in a surge zone even by Katrina standards. I’ll have to reread and see if that includes the surcharge we’re stuck paying to help bail out *bleeping* Citizen’s Insurance (the state insurer of last resort, which is running a huge deficit these days as you might expect)
It would be nice to pay less, but we can deal with that. At least we’re homesteaded so the property taxes can’t go up all that much.
Sorry - misread the likelihood - 0% of no more homes - the biggest industry there will be making (FOR SALE) signs. They will grow like mushrooms in the rain.
They say 29 months of supply is considered a balanced market.
Bearmaster - had to copy/paste your insurance link. IT is so right on, and also humorous. We love the analogy given to FL
Street Bear Discussion Board »» New Dagger in the Housing bubble
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New Dagger in the Housing bubble
pangabear - Wed, Mar 15, 2006 - 01:56 PM
Freethinkerkeywe on the fool board wrote the following and thought it would be of interest here.
***
I am not even going out on a limb here to suggest something which is not on the front burner of most housing bubble watchers:
INSURANCE
Insurance is the new stealth destroyer of homeowner equity in the Florida Keys.
You guys cannot imagine the horrors which oldtime homeowners are facing this year for homeowner, wind and flood coverage.
In the Keys, you can forego wind and flood insurance in only one instance: if you own your home outright.
Recently, ad hoc committees of citizens up and down the Keys are forming to meet with the Florida state insurance commissioner. They want lower rates. What this means is that I and other Floridians are being asked to subsidize their living in a house which is their personal ATM and retirement plan all rolled into one, but which is now not “sustainable” as market forces in the insuranc biz are saying, “Pay more if you want to live in the Keys.”
One couple in the news showed their new insurance bills. They have tripled in two years time. They are now forced to work two jobs each to pay $900 monthly premiums, or almost $11,000 per year on a home last appraised at $550,000, which is still damaged from Wilma, and which this couple have only owned for 3 years.
Another couple’s home is completely paid off. Yet the new insurance rates eat up too much of their 401 and Social Security payments. They are selling.
Which leads me to think about my friends in New Orleans in the 9th Ward: even if the government helps them rebuild, what about insurance rates? You think any insurer with real means will go in there and pat the homeowners on the head and say, “We are not going to raise rates.”?
I don’t.
And what do we do as a nation? Do we insure all New Orleans homeowners? If so, where do we stop? New Orleans is next door to Mobile. Mobile is next to the Panhandle of Florida. Florida is one giant penis hanging in the wind out of the USAs pants. Who is going to pay to make sure Florida isn’t caught in the zipper?
Watch insurance rates on the coasts. Re-read Warren Buffet’s message to Berkshire shareholders about the insurance biz from the recently printed annuals.
We are going to see rising insurance rates grow into a huge storm of homeowner discontent.
Insurance rates have to go up for insurance companies to stay in business. Higher rates will force many homeowners out of their homes.
We are already reading stories down here about longtime Keys dwellers who are cashing in their chips and moving inland because they cannot afford to live here any longer. We are talking families whose home was in the family for 3, 4, 5 generations.
Note that many of these homes are “grandfathered in” for local property taxes assessed on the price of the house when it was last sold. But insurance is based on current appraisals, not the price the home last sold for.
This is only the beginning howl on insurance rates.
If we have a Cat 4 or Cat 5 storm make landfall anywhere in the USA this hurricane season, you can bet your bibby its Foreclosure City as a next move for hundreds of thousands of coastal dwellers who are already about to have their ARMs beginning to kick in along with higher rates.
Something has got to give. And I say it will be the highly inflated prices of homes. I just don’t see millions of new millionaires trekking to the coast to buy higher and higher priced homes which have yearly double and triple digits insurance rate increases.
We’ve hit the wall on affordability down here. Home prices are dropping like drunks off barstools.
I’ve never seen so many “For Sale by Owner” signs and “Priced Reduced” sashes on signs out front. And heaven knows how many of these properties “For Sale” are selling at monthly reduced prices, but the owners don’t state that as they feel admitting a price reduction would be like showing you are in a panic to sell.
It’s crazytown on ole Bone Island. And its going to get crazier with Hurricane Season coming down our sidewalks again
Man, you forgot about “Spring Selling Season”
It’s going to be magical.
I recently heard a sound, like a million Northern Virginia voices crying out all at once. They had received their personal property tax assessments, all of which had been increased by 25% to 35%, depending on exact locale. That sound was probably mixed pleasure and concern. Next month, when the taxes fall due, and actual bills show up or the mortgage companies recalculate the tax excrow component of the monthly payment, the sound will be anguish.
Yes - your typical old Colonial in Northern VA is looking at at least $550 a month in property taxes. That’s a wad of cash. May as well rent.
Precisely why CA has Prop 13. It’s not a matter of who pays “fair share” since prices are driven up by speculation (caused by lax lending standards). When the bubble deflates, prop insurance will be more level.
Look long-term. Complaining about prop tax disparities (Prop 13 and FL homestead) right now would imply a belief that today’s home prices are somewhere near normal. They’re not.
Distortions in home prices cause distortions in prop taxes. Widen the timeline (forward and backward) to see where we are now and where we are headed, IMHO.
BTW, as a former govt worker who was raised by a govt worker who is married to a govt worker…I still say the problem with our govt’s poor financial position is not due to lack of income, but excessive spending (and it’s not about wages and benefits, either — they waste more money in other ways).
wow, even in last RE recession 90-95 prices and sales went up in FL- this is big
is naples stepping up to challenge phoenix for crash honors?
let’s get a little office pool going here, gang.
We can call it RE March Madness!!
I’d rather own in Naples- at least you have to drain swamp to “make more land” in FL
They are building an entire town between Naples and Immokalee…
I dont think land shortage is really an issue… all just sheeple logic for the justification of the madness that has taken place…
http://www.avemaria.com/
The town of Ave Maria, believed to be the first modern town to be developed in conjunction with a university, will be set on 4,000 acres with a European-inspired Town Center called La Piazza where the 1,000-acre University meets the town.
Homes will be built at the rate of 800-1,000 per year and expanding retail and commercial services will be added as the market demands until build-out is reached in an estimated 10-15 years.
For those of you not familier with the Naples area Immokalee is a very poor community 35 miles east of the Gulf of New Mexico, where all the workers who provide essential services to all the affulent assholes of the City of Naples live. God forbid these people would be permitted to live in the City of Naples.
Do affluent and asshole always go together in your mind? Or is Naples special in that regard?
The guy who started PappaJohns Pizza is behind Ave Maria University.
I believe its Domino’s
Errr…uhhh
You are right. It is Dominos.
The real estate developer is not the PapaJohn..but Domioesw’ ..yuo had the Pizza right though! And yes Ave Maria is Catholic of course..
Is Ave Maria the fundamentalist Christian town/compound? Talk about a HOA from hell!
I think it’s Catholics, so not nearly as bad. There will be a black cloud over that town on account of all that guilt…
three comments in one post.
yes, in Naples’ case, affluent and asshole Must go together (unless we change it to the effluent mess they have created of a formerly nice place.
AveMaria is the religious rights scary development going in there(birth control not allowed etc)
and Immokalee is where the SERVANTS live in shacks if they are lucky-think migrant worker types.
Yes… Abortions are illegal… no birth control.. and heaven forbid you be pregnant and not married!
Sounds like a Muslim cuntry to me.
But I thought that the foreign buyers would stop any slide in prices?
Surely there are 28,000 cubans waiting to buy a condo for $400,000.
they’re on the dorry right now headed our way
This housing bubble just goes to show more expensive is not better, when insurance companies only had to pay out $70,000 for a shack in Florida their exposure wasn’t all that great, now their exposure on that the same shack is $400,000. So realistically these homeowners in high risk areas should be paying 400 to 500 percent more than they were five years ago.
Walt - I think the fine print in your insurance policy says they only have to pay “replacement cost,” so the the market value of a house is not relevent to the insurer. If they can rebuild a POS $400,000 house for 65 grand that is all they will do.
Replacement costs have gone up, at least hear in Call-lee-foyr-nya. Maybe even doubled in teh past 7 years or so, due to materials and labor costs (and shortage of construction crews vs. building projects).
Yep,
Rinker keeps bragging about the shortage of cement. They raised prices 5% in January and plan another 10% increase in July. Florida cement prices are 4 times the price of cement imported into the US by Cemex.
Mortgages eventually get paid off. Taxes do not. Nor do home insurance costs.
People on the coasts are about to inhabit a new reality.
Jeez, a 28 month supply of homes for sale? Wasn’t it only around 19 months here in Cali during the last downturn?
No worries, many experts agree that the market is in equilibrium when 30 months of inventory exist.
But real estate only goes up!
Looks like they’ve reached that plateau in Naples. A temporary pause before it takes off again after Easter….
Things are unfolding quickly…
Wow, 28 months of inventory. Convetional wisdom says 6 months is equilibrium. Now will they admit there is a bubble?
5 more days until the spring buying season…
But this is a new paridigm!
Now, now. Sales will zoom after the Super Bowl.
Oh…. the numbers are AFTER the Super Bowl.
Well… erm… uhh…. wait until the Spring Selling Season!
Most of you who have followed this blog for the past few months have seen Naples real estate agent Tom Doyle’s web site, but it’s always worth another look:
http://www.naplesinsider.com/CurrentReport.htm
Not sure if this was posted on here before, but has anyone heard the latest wrinkle that legislators are trying to introduce into the FL market?
http://tinyurl.com/em9wb
Um, someone has to pay the tax bill? If you give people homestead exemptions and allow them to move with them, does that mean that Joe Schmoe that has been a homeowner down here for 10 years can buy a $500,000 house and pay $2000/yr in taxes while a first-time buyer or someone moving to FL pays $15000 in taxes on the same house?
So much for the “1000 people a day move to FL” or whatever the RE agents profess about demand in the FL market. A bill like this would kill growth in FL, as newcomers would pay a disproportionately large share of taxes. But then again, maybe that would be a good thing…
Newcomers and snowbirds have been paying a much higher share of taxes in Florida for some time. I was paying 4k a year on th eplace I sold last year. The new folks who bought the palce are paying 9k for the same house (in addition to paying more than twice what I paid for the place 4 years ago).
I agree, this will make Florida even more unattractive to newcomers especially if you factor in increased insurance costs. For an average priced house in South Florida, taxes and insurance are more than likely going to be more than your mortgage payment.
The whole system needs to be fixed. I ended up leaving last fall because there was no way for me to reduce my housing costs, even if I downsized significantly because I would have been socked with a much higher tax bill.
Everybody should be paying the same tax rate. This whole, “I’ve got mine so screw you” is unfair in so many regards.
Jim M,
Where did you go? I am stuck in Naples.
I went to Albuquerque where I paid cash for a house which cost less than the original price I paid for the place I sold in FL. My insurance and taxes here are less than a quarter of what I paid in FL.
“I’ve got mine so screw you” has become the law of this land.
“Um, someone has to pay the tax bill?”
I agree with you a million percent. I live in California and I think Prop 13 was the worst thing that ever happened to this place. It is why the govt has no money, schools stink and you have million dollar homes and filthy pothole ridden streets. Here’s what every state should do, figure costs to run the government and the equally divide the cost among home owners(of course based on home value), thats it , there is no free lunch, to have a great community you need great police, services and schools. Hey if every body here can afford million dollar homes they can afford to keep thier communities nice, safe and educated.
Here’s what every state should do, figure costs to run the government and the equally divide the cost among home owners(of course based on home value), thats it , there is no free lunch, to have a great community you need great police, services and schools.
Absolutely agree, but human nature being what it is, people eventually figure out they can band together into voting blocs (aka “special interest groups”) and vote themselves “free services” at someone else’s expense. And this of course has already happened in California, where IGMSSY (“I’ve got mine so screw you”) has not only become the law of this land, it’s practically a religion. I know many people who recognize that Prop. 13 is a horribly unfair way to levy property tax, but still would not vote against it. Why? They’ve owned here long enough to personally benefit from it.
Don’t tax you, don’t tax me, tax the other guy behind the tree”
In the war of “fair/reasonable public policy” vs. naked self-interest, self-interest wins every time, hand down. I’d love to see Prop. 13 style laws go away, but they actually seem to be gaining momentum these days, not losing it. How many states have proposed new such laws in the last year alone?
All things considered, the only way to end this trend may be to eliminate property tax altogether.
In my area of panhandle Florida, there are 2,000 condos on the MLS, and only 20 sold in January.
TWO HUNDRED month supply
Make that a ONE HUNDRED month supply.
But then again, if you really think about it, it is only an 8 year supply.
No worries, right?
lol oops, make that ONE HUNDRED month supply
Condos for everyone (at a steep discount, of course)
Example–House first listed here in Palm Beach County FL for 669,900 on Feb 24…now its listed for 614,900 on March 15th……………(Nautica Isles)
You know what’s really bugging me? Interest rates are ticking up and now I keep seeing more and more articles “blame” the current housing situation on the rates (like in the USA Today article). Some will blame it all on the Fed. Anything but the real reasons - lax lending, specuvestors, etc.
*sigh*
USA Today article: http://tinyurl.com/r3p5s
This is breathtaking stuff! And trust me, the rich a-holes in Naples will have their hands out looking for a bailout or government aid if there’ s a hurricane there while also spending a fortune on tax accountants to avoid paying as much as they can get away with.
The one offer I have made on a house in the past 13 years was in Naples early this year. I was offering the jackass what I knew was way too much but wsa about 20% under his asking price, while still affording him a very decent profit. He wouldn’t come down a penny. Really pissed me off since I felt I was offering him too much to begin with. I see he’s taken the place off the market. I hope it falls down around his greedy a**.
Forget Naples Florida……look at this property near Naples Italy….
LINK HERE
Villa Porto Rotondo
COSTA SMERALDA,
SARDINIA
Costa Smeralda, Sardinia
The most exclusive part of Sardinia
Swimming Pool
Guest House
Overlooking the Sea
Ready for immediate occupancy
€ 1,100,000
Ok, so the words Costa Smeralda SARDINIA may have caused a bit of a shock appearing on this website, but this Villa is absolutely so resort-like and so jaw-dropping that just this once we were willing to overlook that it is not in Umbria or Tuscany and put it on the site- and can you blame us?! So take this special opportunity to imagine a very different life and take a look at a VERY unique and wonderful property, we are sure you will be as impressed as we were!
Situated on the hilltop of Porto Rotondo on the exclusive Costa Smerelda, Villa Porto Rotondo has views of not only nearby villages and mountains, but you can also see the SEA!!
The 50mt tree-lined drive that leads up to the Villa, made of typical Sardinian stones, makes one feel the sudden need for a chauffer. And once at the house you realize that perhaps even an old Hollywood song and dance would not go amiss on the gorgeous pink staircase that overlooks a pool, a guest house and a vibrant, mature garden.
Email us for more information — WE’LL SEND YOU OUR FULL SET OF PHOTOS AND FLOOR PLAN!
Details: The pinks, teals and bright flowers typically used in the south of Italy gives Villa Porto Rotondo a great sense of fun, while the brilliant layout combined with the majestic views will make you catch your breath, and the cozy interiors will make you want to settle in - at least until the next time your eye catches the pool glinting in the sun, and you know its time to take another dip!
Services: All services connected. Main water. Septic Tank. 2 wells. Cistern 10,000 lt. (2,500 Gallons) Fireplace. Wood burning oven. Car box. Good access road. Swimming pool. Fenced in Villa. Remote control gate.
Condition: Ready for immediate occupancy. Perfectly built to high standards.
Interior area:
205.0 sq. meters / 2207 sq. ft.
Property area:
1000.0 sq. meters / 0.25 acres
Price in euros:
€ 1,100,000
(Convert to another currency here.)
OMG. That’s outstanding! But if I were going to spend a lot of money overseas, I’d buy one of those fantastic contemporary houses in Sydney, Australia or Auckland, New Zealand. Every time I look at a Trend magazine, which is a NZ shelter porn rag (beautiful though), I just want to dive into the pages.
Um, Sardina is an island in the Mediterranean. It’s not near Naples.
Gulf of New Mexico? I missed that geography class. I missed seeing the ocean here in ABQ. Governor “Billy Boy” has just declared a state of emergency for the drought. It is so dry, that we are having wild fires in Feb and March. Will be interesting by fall. At least it is safe from earthquakes and hurricanes, and fires are insured (hopefully no problem). And housing is affordable, and predicted to be one of the most bubble proof areas (time will tell on that). Taxes seem reasonable. The government appears to be wasting a lot of money, just as bad as Arnold and Co in California. Prop 13 sucks for the new comers in CA. My parents friends in SD (now a retired doctor) has been in his house since the 1960’s, probably worth $2M, and pays a basically nothing in taxes. If I would have been stupid, and bought a POS in SF area this year, my tax bill would be a lot higher for a dinky teardown. Last one out of FL, turn out the lights.
Go figure.
“Last year we had a hard time finding anything to sell,” [Carter] said Tuesday of her real estate practice, Jo Carter & Associates. Also, Carter said statistics can be easily manipulated. “I hate statistics. They can be so deceiving,” she said.
She prefers to gauge business by looking at her current multiple listing service system. Those are numbers she believes. Naples is always going to be in demand,
“We live in paradise,” she said.
Looks like it is anything but in Demand Jo… in fact you have 28 mos of inventory and it is going to get worse.
I don’t call living in Hurricane valley living in paradise.
More food for thought on the FL market.
Summary
Sarasota-Bradenton - 48 percent drop in home sales
Sarasota-Bradenton - 41 percent drop in condo sales
Charlotte County North Port - 18 percent drop in home sales
Charlotte County North Port - 92 percent drop in condo sales
Palm Beach County - 39 percent drop in sales
Martin and St. Lucie counties - 44 percent drop in sales
Broward County - 36 percent drop in sales
Broward County - the fewest used homes sold in the county in one month since 1994 Miami-Dade County - 28 percent drop in sales
Naples - 31 percent drop in sales
Lee County - 9 percent drop in sales
Denial
“You have to look at the bigger picture,” said Felix Power, president of the Sarasota Association of Realtors. If you compared last month’s sales with those in the same month during 2003 and 2004, things look pretty “normal.”
Budge Huskey, Coldwell Banker’s Sarasota-based Florida president expects things to get better, soon. “You can’t keep Florida down for long.”
“People are going to keep coming here from the Northeast, from Europe and from South America,” Dweck said. “When the dust settles, there’ll still be 10 percent to 12 percent annual appreciation.”
“We’re entering a new part of the cycle,” said Brad Hunter, a West Palm Beach housing analyst. “We’re in the process of returning to reality.” Despite the slowdown, Hunter doesn’t foresee a bubble bursting and said the housing market should remain strong through the rest of the year.
“Tell them the sky is NOT falling,” said Jo Carter, president of the Naples Area Board of Realtors and Association of Real Estate Professionals Inc., a 5,000-member professional group. “We are not at all discouraged.”
“As interest rates go up, less people qualify for (increased) level (of borrowing but) secondly, people are a little more cautious right now,” Ziegler said. The headlines in the media are responsible for that, he said.
“Last year we had a hard time finding anything to sell,” [Carter] said Tuesday of her real estate practice, Jo Carter & Associates. Also, Carter said statistics can be easily manipulated. “I hate statistics. They can be so deceiving,” she said. She prefers to gauge business by looking at her current multiple listing service system. Those are numbers she believes. Naples is always going to be in demand, “We live in paradise,” she said.
“I can tell you the buyers are here,” said Scott Sosso, president of Sarasota-based Prudential Palms Realty, which saw its closings dip 10 percent during January. “The problem is with the sellers who don’t have their homes priced correctly.”
There are so many “pearls of wisdom” in the above collection of comments but this following just has to be one of the all time classics:
“I can tell you the buyers are here. The problem is with the sellers who don’t have their homes priced correctly.”
Fine — let’s both make it an equal field but not throw out the original long time owners through tax increases — homestead the taxes but add the difference to the closing costs — taxes won’t increase simply because of the value increase but make the discounted tax savings payable on closing… deferred until closing… everyone ends with the same burden but the timing won’t penalize present owners for speculation not in their control… sure the ‘cleared’ value will be less on a long hold but everyone ends with the same tax load but no one gets forced out before they want to leave— obviously that adds a further wrinkle to timing — and, no, no homesteading forward to that new house.
Basically, a local capital gains tax, right?
IF I believed in property taxes (and I don’t), that would certainly be better than taxing people out of their homes.
That being said, I think if people waited for prices to come down, taxes would come down as well. A buyer should wait until PITI (that “T” is for taxes!!!) payments are no more than 28% of gross income. If everyone followed this rule, the disparity in taxes would be much more equitable.
If you’re complaining about prop taxes being too high for new buyers, you are too anxious to get in the market. You’ll end up with blood on your hands (from falling knife)… It’s been said on this board plenty of times, BE PATIENT! The market will work these distortions out all by itself. Price distortions = prop tax distortions…be patient.
We own 3 places in Naples, so I guesss that automatically makes me a rich a@@hole. We are, even worse, in the City. Started buying 13 years ago because the place is beautiful and we wanted something while we could still afford it. We bought the second place, a small house 5 blocks from the beach, about 6 years ago for the in-laws. The last place was a distress/estate sale and is our future retirement home. My mother lives there for now.
I find it curious that TXChik, who seems to hate every place and everyone, would want a place in Naples. I guess it just shows how truly beautiful Naples is.
Yeah, sure you do. Why don’t you give it a rest. Nobody cares about your bragging. I doubt any of it is even true.
Sorry, did not mean to be bragging - just to show that I have some knowledge of the area. I still find it curious that not only would you attempt to buy in a city full of a$$holes but would do so at the absolute peak of the market.