2006-06-18 14:40:31 · 5 answers · asked by Anonymous in Business & Finance ➔ Investing
Actually, I believe that regardless of whatever Mother Nature has to offer? Any property near the ocean is a good investment as long you are insured to the gills, no pun intended.
Folks who love a beautiful view and a short walk to their Heaven, know that there may come a time when mother Nature rears her head and causes some trouble. These folks are willing to accept that risk. Just as those who love the beautiful weather California has to offer, also know that things may get shaken up a bit.
It is called acceptance. LOL!
2006-06-18 14:50:30 · answer #1 · answered by sherijgriggs 6 · 0⤊ 0⤋
The location is important, but the price of the property is also very important in this market. I am not sure where you are looking on buying a properity (what state?), but many of the markets that I know that are located on the ocean are/have been quite inflated in price. The best way to see if this is still true would to see if there are a lot of properties for sale in the area simular to the one that you are looking at. If there are a lot on the market, I would recomend waiting a couple of monthes and you should see that prices fall. You might not get the current property that you are looking for but, you should be able to find one very simular.
2006-06-19 06:05:20 · answer #2 · answered by largebones2004 2 · 0⤊ 0⤋
Depends on what coast that is. Remember this is hurricane season, so what could be here today could be gone tomorrow.
2006-06-18 21:43:59 · answer #3 · answered by se_roddy 3 · 0⤊ 0⤋
No.
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2006-06-19 00:48:24 · answer #4 · answered by Anonymous · 0⤊ 0⤋
That depends on "Location, location, and (I think), location".
2006-06-18 21:46:21 · answer #5 · answered by Puzzleman 5 · 0⤊ 0⤋