Ariel Dunes II Pre-construction...

Why didn't you say that then? A "slower" tourist season (which is what you said) and slower RATE OF GROWTH (which your link stated) are two entirely different things. Kinda think you really meant to imply that less people are planning on vacationing in Florida this summer so you'd have yet another reason to call people who aren't smart as you fools. You do that quite a lot you know.

Some of your points are obviously true and the key word there is OBVIOUS. What makes you think that you know more about the RE market than someone who actually has money invested in it? If there was "greater fool theory" at work, that point was passed several months ago and the last person who threw money in it at the peak and can't hold on until things get better, probably already knows he's in hot water at this point, don't you think?

This too shall pass as it always does and the doers who are invested and can afford to stay that way will be rewarded. Boom, bust, boom, bust, boom, bust..... The guy who bought just before the first bust is in pretty good shape at the last bust ... much better of than the feller (er lady), who stands on the sidelines observing and commenting.

It is "slower" if one experienced a 7% increases in years past. Let's put it this way: If condo prices increased 25% in the last 3 years and now condo prices will increase 5% in 2006 year versus 25% in 2005 that would be "slower" appreciation--No?

Personally, I think tourism will do OK as long as folks who recently bought rental houses/condos at SKY-HIGH prices (and increasing costs) don't expect to crack a profit. Nothing will scare the tourists away faster than being told their "usual" rental condo went from $1400 to $2500 per week. 😱

I don't understand how you interpret the information to mean that we will have a "slower tourist season." If more people come, does this mean that the lines to get into restaurants will be longer and thus slower to move, or does it simply mean that service will be slower because more people are here? I guess it could also mean that traffic will be slower. :funn: You really know how to state your case, Shelly.

I don't understand how you interpret the information to mean that we will have a "slower tourist season."

Gee....and I even typed it slow to help you understand :idontno:

(P.S. You are right about two things--service and traffic will be slow this vacation season regardless of the number of visitors who come.
Definition of 'SLOW' in the above context: Not moving or able to move quickly; Taking or requiring a long time.)

If there was "greater fool theory" at work, that point was passed several months ago and the last person who threw money in it at the peak and can't hold on until things get better, probably already knows he's in hot water at this point, don't you think?

Nope...hence the name "greater fool."

Feel free to start all the market discussion threads you want, but this thread was started about a particular project. Thanks.

Yes I have a contract for a 2 br unit. My bias opinon is that it is going to be great! What are you trying to find out about it?

Here's a photo of the project taken today:

Nothing will scare the tourists away faster than being told their "usual" rental condo went from $1400 to $2500 per week. 😱

Shelly, you are so correct with this statement. Several families from our area have started going other places in Florida or Alabama because the Destin area rentals are more expensive (especially in the summer) than the surrounding areas.

Interesting -- 19 Ariel Dunes units were entered as listed and pending yesterday, even though the listing date was Feb '04. I wonder if someone reported them as not entering the listings and that got the agent(s) moving.

Interesting -- 19 Ariel Dunes units were entered as listed and pending yesterday, even though the listing date was Feb '04. I wonder if someone reported them as not entering the listings and that got the agent(s) moving.

I found that interesting also... the MLS is a very useful tool to help track some of our investments. We have a 2/2 under contract in bldg #2 and are looking forward to assigning or closing/ renting, whichever the market dictates - either way it's been a fun investment so far.

Interesting -- 19 Ariel Dunes units were entered as listed and pending yesterday, even though the listing date was Feb '04. I wonder if someone reported them as not entering the listings and that got the agent(s) moving.

:scratch:

Does anyone have any opinion of Ariel Dunes I vs. Ariel Dunes II??

Thanks.

Ariel Dunes

Does anyone have any opinion of Ariel Dunes I vs. Ariel Dunes II?? Are there more specific project completion dates on either?

Thanks.

Re: Ariel Dunes

Does anyone have any opinion of Ariel Dunes I vs. Ariel Dunes II?? Are there more specific project completion dates on either?

Thanks.

We have been told that closing will probably be in July. After the inital walk thru you will have 30 days to close. they havent disclosed who will go first and who second, altho' I imagine it will be bottom units first. This for Ariel dunes 1.
AD2 is a virtual carbon copy of AD1. I have seen some AD2 preconstruction units listed for much more than their equivalent AD1 counterparts. AD2 is slated to close in fall.
I was lucky to get a tour of the building (AD1) and the views of bay and gulf are outstanding..from the 10th floor up. All the swiming pools (3) must be completed before the OC is issued. There is limited covered parking. thats about it.

Does anyone have any opinion of Ariel Dunes I vs. Ariel Dunes II??

Thanks.

AD1 has a much better view of the gulf and bay than AD2. just my opinion tho" 😀