Re: Hurricane Shelter Condo For Expensive RV's, Cars, Boats



On Thu, 31 Aug 2006 13:32:12 -0400, "Eisboch" <rce@xxxxxxxxxxx> wrote:


"Al Balmer" <albalmer@xxxxxxx> wrote in message
news:7c6ef2hgtdb7tl64a7tikn9n33b8m1nu99@xxxxxxxxxx
On 31 Aug 2006 03:26:48 -0700, "Ty" <shewmakt@xxxxxxxxx> wrote:

All,

Thinking about building a hurricane proof "self storage" condo for
RV's, cars, boats south of Tampa - 100 units...

Solid 6" reinforced concrete walls, roof, floor. 20 feet wide x 60
feet long x 16 feet high. Steel rolling door. You pay $16,000, plus a
$199 per month condo fee - and you own it.

Does this make sense - would people buy them to protect/store stuff
which is priceless or hard to replace?

Not to me. What's the "condo fee" for? Fancy landscaping? $20K/month
will pay for a lot of routine maintenance. In any case, $13/sqft seems
pretty high for an oversized garage.

--
Al Balmer
Sun City, AZ

I don't know. If he built them up here in MA near me I might be interested,
assuming that you can resell it at current market value when you don't need
it anymore. Right now I have two, 20' by 10' by 10' self storage bays
rented to store a couple of classic cars during the winter. When I first
rented them, they were $140.00 per month.
Within a year they have raised the monthly rental fee to $186.00 a month.
His bays are much bigger and I would need only one with plenty of space for
other "stuff". Assuming you can sell it and basically get your money back,
the "condo" fee looks attractive to me.

I have a problem paying 200 bucks a month for something I presumably
already bought and paid for. Surely the property taxes aren't anywhere
near that.

--
Al Balmer
Sun City, AZ
.



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