Postcards: Meet My Friend "Price Discovery"
At 8% mortgage rates, people are starting to get a little delusional while trying to head for the exits. Pay attention... because the housing market is about to welcome an old friend to the party.
Dear Fellow Expat:
The housing community “Corkscrew Shores” in Estero, Florida features a beautiful four-bedroom house that went up for sale last week.
Built in 2019, it’s got everything you could want in a home.
The kitchen is described as “a culinary enthusiast's dream.”
It has a three-car garage, “generous” space in the common areas, a shimmering pool and screened-in lanai, and a “plethora” of other “opulent features.”
For $435 per month, your HOA grants access to a magnificent clubhouse, featuring a fitness center, and access to a 240-acre lake for all your kayaking and canoeing pleasure.
If you play pickleball (Florida’s newest, noisest fascination), there are courts too.
This is resort-style living, my friend.
It’s just miles away from Florida’s top beaches and an outdoor Tanger Outlets for all your shopping needs.
So, what’s it going to cost?
The good news is between property taxes, HOA dues, and homeowners insurance, it’s just $1,497 per month.
Hey, it’s S…
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