however, because of that tragedy, a lot of people can’t sell their condos because they would have to basically rebuild them. People paid a lot of money for those and now they’re just worthless until worked on.
I made out just fine on my 14-year condo experience. Admittedly, though, my situation is apples-to-oranges compared to the subject matter of the article.
—N Atlanta, not Florida
—standard residential, not seaside
—modest priced, not upscale
I paid $105k cash, lived there 14 years, put in $16k or so refurbishing, sold for $164k, bought in 2000 a traditional one-story slab home w/ .38 acres in Huntsville, AL for $172 cash.