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08-17-2007, 07:26 PM #1
Renter
- Join Date
- Aug 2007
- Location
- Both in Austin and in Hampton Roads
- Posts
- 2
Buying a cottage / house on the oceanfront in hampton roads
I am very interested in buying a house on the oceanfront within a couple years, but I really want to know more about owning one on the oceanfront. I grew up in the Hampton Roads (Chesapeake to be specific) all my life and I want to continue living there, but on the oceanfront.
I know that the properties on the oceanfront are very expensive and the taxes cost all of my arms and legs, but there must be something that can work out with me and my finance. Do you have any great tips on oceanfront properties? I am thinking about pay half of the mortgage OR to pay in full and rent it out for a few years (until I get settled down with the job and everything) on a house ON the beach. I am very interested to buy one either in Chesapeake Beach (it is also called Chick's Beach in Virginia Beach), Willoughby Beach (Norfolk), or Sandbridge Beach (Virginia Beach).
Last question, how do I figure out the oceanfront property's value in said ten or twenty years?
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08-18-2007, 07:47 AM #2
Condominium
- Join Date
- Jan 2007
- Location
- Palm Beach Florida
- Posts
- 225
Last question, how do I figure out the oceanfront property's value in said ten or twenty years?
Let me get my crystal ball out. Humm.. 5%-7%/YOY, over 20 years * Value.
Anybody have stock tips 10-20 year out?
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