On 8/19/05 10:43 PM, "oakdorf" <[EMAIL PROTECTED]> wrote: > Lighty ..... > > I believe Belmar issued 425 seasonal rental "co's" Down from I believe > 550 last year. Why? More owner occuppied - at least in the summer. Let's see how many of them are here at all during the winter though. I know there were many areas with new housing that were empty last time around. > Higher prices drive older homeowners and or investors out. As do > higher and higher re taxes and rents that remain stable from 10 years > ago. Someone giving you 700k for a bungalow gives you a better return > then does 10k a summer less taxes etc. I'll let JJ explain the benefit I'm not sure what the going rate for a summer rental is but 10,000 is very, very low. My wife and I have a small bungalow and we were offered about 15,000 for the summer when we bought the house five years ago...
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