corn18
Thinks s/he gets paid by the post
- Joined
- Aug 30, 2015
- Messages
- 1,890
Our condo investment in South Florida from the end of 2011 during the trough of the last Florida real estate market crash has outperformed the the S&P 500 by a longshot. The condo is up 688% since we bought it but only up 20% since 2008 when it was built and originally sold. We paid $72 per sq ft. but a unit similar to ours sold 8 months ago for $495 but does not have water views like we do. The original owner paid $410 per sq ft in 2008. There are two pending sales under contract right now and both were listed at over $600 per sq ft. The demand is extremely high for newer upscale condos in South Florida with very little inventory.
Did it do as well as the S&P500 from 2007-2010?