I have to say, as much as I hate Mello Roos, for over a million dollars, there are MUCH better neighborhoods than P.B. This is amazing to me. We read about defaults and foreclosures and huge drops from Eastlake to San Marcos, McMansions taking 500k hits. And someone is actually selling 1.1 million dollar row houses in P.B.
Someone help me understand. I can’t get my head around this. It’s P.B. It’s not L.J. Homeless and drunks roam around. Trouble at every corner. Mini-dorms and drunk drivers abound, etc. etc. There is no way you can get ROI by renting, even if it’s a summer rental, not on boardwalk.
(shaking my head in disbelief)
I mean, maybe at the peak, if you didn’t know better and they were still trying to make you a mortgage slave w/free money, but now?
