Sarasota Florida Part 1
It was hard to believe that I haven't been to this place that I have pretty much called my Holiday retreat since March of 2004. Although I have to say in being away for so long it did give me an interesting unbiased perspective in how things are going economically. When I was there last I remember running into a guy that moved there after graduating from Vanderbilt and made 80,000 in one year selling Real Estate. Mind you we were both watching NU play Oklahoma in their NCAA Tournament game after the game started to become settled. In looking around they were just bonkers about kicking people out of mobile parks to raise condo towers.
Fast forward 3 years where now it just seems that the place was missing about 1/4 to 1/3 of it's snowbird population. It was like I was back living in the early 90's when I first started going down there after my last grandparent passed away and we retired the traditional Christmas in our immediate family. All I can say is there should have been more people down there than I experienced. The beach was really empty. Yea, I know X-mas to New Years is usually slow but this was just too quiet. Every server we spoke to said things were pretty much dullsville.
Next door to my Mom's friend Louise's Condo lives a young Gay couple, one 30 and the other one 35. The 35 yr old works in the cardiopulmonary department in the local hospital and the 30 yr old works as a server and now a hotel worker. They bought their place 3 years ago for $200,000 and just 6 months ago their mortage reset from $1500 to $2200 and basically they are just abandoning it and moving away. The Medical guy has though about moving up to New England but is they are going to stay in the area due to his love of his current job. They haven't recieved any offers on their place and a comparable unit just sold recently for $150,000. SO basically they are in the tank for $50,000 :-(
All I can say is that it seems that this kind of thing is only going to get worse.
Anyway enough of my B.S. and on to some happy pics
I have a bunch more




















Fast forward 3 years where now it just seems that the place was missing about 1/4 to 1/3 of it's snowbird population. It was like I was back living in the early 90's when I first started going down there after my last grandparent passed away and we retired the traditional Christmas in our immediate family. All I can say is there should have been more people down there than I experienced. The beach was really empty. Yea, I know X-mas to New Years is usually slow but this was just too quiet. Every server we spoke to said things were pretty much dullsville.
Next door to my Mom's friend Louise's Condo lives a young Gay couple, one 30 and the other one 35. The 35 yr old works in the cardiopulmonary department in the local hospital and the 30 yr old works as a server and now a hotel worker. They bought their place 3 years ago for $200,000 and just 6 months ago their mortage reset from $1500 to $2200 and basically they are just abandoning it and moving away. The Medical guy has though about moving up to New England but is they are going to stay in the area due to his love of his current job. They haven't recieved any offers on their place and a comparable unit just sold recently for $150,000. SO basically they are in the tank for $50,000 :-(
All I can say is that it seems that this kind of thing is only going to get worse.
Anyway enough of my B.S. and on to some happy pics
I have a bunch more




















