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House Hunters International

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lovestosail
(@lovestosail)
Advanced Member

Anyone watching right now?
Deb, KY

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Topic starter Posted : June 7, 2010 12:50 am
lovestosail
(@lovestosail)
Advanced Member

Wow, she went well over her budget, with high monthly association fees. Bought a 2 BR condo on the beach in STT. Moved from her catamaran.
Deb

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Topic starter Posted : June 7, 2010 1:03 am
terry
(@terry)
Expert

Darn, I missed it.

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Posted : June 7, 2010 4:24 am
stxdreamer
(@stxdreamer)
Advanced Member

Anyone watching right now?
Deb, KY

Yep, we watched on our tivo last night. I would have made the same choice. I have shopped STX condos extensively and that seemed like a good deal compared to some of the units offered on STX. Of course I have no familiarity with the neighborhood she bought in, so that may or may not be a problem. The maintenance fees were high, but lower than almost any condo development I have researched on STX.

What I thought was surprising was the sailboat she had been living on. That was a 44+ foot catamaran which had to have cost 700,000-800,000 dollars. I would have just stayed on the boat!

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Posted : June 7, 2010 9:20 am
BluewaterGreen
(@BluewaterGreen)
Active Member

I would definitely take the boat over that condo. She had my dream and gave it up already. Some people have all the luck....and money! We had a catamaran and lost it to this economy. Now we will retire like Trawler Trash. I would still take a very old Trawler over that condo.

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Posted : June 7, 2010 12:16 pm
Juanita
(@Juanita)
Expert

We've always said our next sailboat will be a trawler! lol

I caught the tail-end of the show. Really bummed that I missed it. I walked in, flipped on the TV and thought...I recognize that patio (Eastwinds)...

Hope it will be on again sometime, and I catch the whole show.

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Posted : June 7, 2010 12:21 pm
Bassman
(@bassman)
Advanced Member

Saw the show last night. Where are the Watergate condos? East end, south side? Any one know which restaurant they were in when signing the papers?

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Posted : June 7, 2010 12:57 pm
Juanita
(@Juanita)
Expert

Watergate is southeast, near Bolongo Beach Resort. I didn't get a good look at the restaurant.

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Posted : June 7, 2010 1:05 pm
Future Islander
(@Future_Islander)
Advanced Member

Unless I missed it they didn't indicate what she paid for the Watergate condo.

IMHO the $319K asking price was too high......in this real estate climate I would have offered much less.

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Posted : June 7, 2010 5:14 pm
stxdreamer
(@stxdreamer)
Advanced Member

Unless I missed it they didn't indicate what she paid for the Watergate condo.

IMHO the $319K asking price was too high......in this real estate climate I would have offered much less.

One note: We've been visiting and researching STX since 2006. The prices of condos and homes have dropped dramatically since then. Don't know where the bottom is, but I don't think it has been reached yet. STX real estate seems to be about 18 - 24 months behind the continental US timeline.

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Posted : June 7, 2010 5:59 pm
kiranio
(@kiranio)
Active Member

The next time this particular episode will be aired again is on July 8th at 11 p.m. eastern standard time and July 8th at 2 a.m. eastern standard time.

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Posted : June 7, 2010 6:07 pm
terry
(@terry)
Expert

Thanks, I put that on my calendar.

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Posted : June 7, 2010 6:36 pm
Future Islander
(@Future_Islander)
Advanced Member

STXDreamer:

You only know where the "bottom" is after the prices start to go up.

Your best bet is to find the place you want........make an offer that you feel is fair ......and "stop dreaming".....in other words go for it, now is the best time!

Besides, you never know what the seller's situation really is......you might miss a really good deal.

F.I.

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Posted : June 7, 2010 7:14 pm
Jennn
(@Jennn)
Advanced Member

stx dreamer, I definitely think the bottom has been reached in stx. For one we did not have any of the crazy mortgages that people do stateside. Next the locals almost never do mortgages. They build there house as they have cash. They buy the land, pay that off then put the cistern in or excavate and pay that off and then the next step and so on.
Three you have to put at least 10 percent down to get a mortgage if you have excellent credit, most have to put 15 to 20 percent. Most people can't afford to walk away from that kind of commitment so you make it work.
And finally partially because of the 15 to 20 percent down most of us can rent our house our for what the mortgage cost, or just a little under or over, depending on your situation. So you will see houses that stay on the market for a long time until they get the price they want, because most can afford to do so. When you look at houses and condos here, most are not vacant. They are either occupied by owner or renter.
I think if you're going to dive in here, now is the absolute best time. But don't be shocked if low ball offers are not accepted.

Do you guys remember that awful househunters with the people that offered like 150k less then the house asking price? If the house was a million something I could see trying to get away with that but they were in the 400k price range. It was painful to watch.

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Posted : June 7, 2010 11:14 pm
terry
(@terry)
Expert

That guy was a phony. He works for the same company as the agent.

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Posted : June 7, 2010 11:49 pm
stxer
(@stxer)
Advanced Member

Unless I missed it they didn't indicate what she paid for the Watergate condo.

IMHO the $319K asking price was too high......in this real estate climate I would have offered much less.

One note: We've been visiting and researching STX since 2006. The prices of condos and homes have dropped dramatically since then. Don't know where the bottom is, but I don't think it has been reached yet. STX real estate seems to be about 18 - 24 months behind the continental US timeline.

Dreamer, you are right that the condo market has finally started down. Because there were few high risk mortgages here and because many people buy for the future or as a second home, the market is very slow to move. However real sellers have found that if they are serious about moving their property they need to make significant price concessions. We have seen about a 30% drop in sales prices overall. Sales are hard particularly if the condo association has big fees or a major assessment. Those units are showing much lower prices. The Cormorant condos are down to around 300K, Villa Madelaine is under 400k, even Cardin Beach has some older units for around 600k.

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Posted : June 8, 2010 1:33 am
lily1025
(@lily1025)
Advanced Member

could someone please tell me what channel this show is on???is it avalable on dish network???what day and time is the next show on?? thanks

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Posted : June 8, 2010 2:54 pm
STXBob
(@STXBob)
Trusted Member

House Hunters International is on HGTV. Here's their site, with schedules, etc.:
http://www.hgtv.com/house-hunters-international/show/index.html

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Posted : June 8, 2010 3:48 pm
SkysTheLimit
(@SkysTheLimit)
Trusted Member

HGTV is channel 112 on Dishnetwork and on satellite 119 for SD and 110 in HD.

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Posted : June 8, 2010 11:12 pm
Jennn
(@Jennn)
Advanced Member

If you go to www.hulu.com you can watch old episodes for free! Love Hulu!

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Posted : June 9, 2010 8:47 pm
piaa
 piaa
(@piaa)
Trusted Member

For some reason I didn't think she was selling her catamaran but just wanted a land base as well as she kept saying she wanted to be near the marina (Red Hook) I have seen her catamaran quite a few times and I think she rents it out without a captain - not 100% though.

Pia

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Posted : June 10, 2010 12:43 am
terry
(@terry)
Expert

Went to HULU but could not find the show from this week.

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Posted : June 10, 2010 3:36 am
mnjj
 mnjj
(@mnjj)
Advanced Member

It's on right now.

mnjj

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Posted : June 10, 2010 11:12 pm
terry
(@terry)
Expert

thank you

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Posted : June 10, 2010 11:18 pm
Jennn
(@Jennn)
Advanced Member

It will be on there. Sometimes it takes a week or two or longer after the show airs. With the big shows like Glee it's always on the next day.

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Posted : June 10, 2010 11:44 pm
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