Comments on: World Quest Condo Hotel Auction A Bust

By: Cheap Flower Deliver

Cheap Flower Deliver — Thu, 09 Sep 2010 16:07:59 +0000

It’s really very expensive and to pay cash nowadays is impossible for most except if you have the lots of money and very financially stable.

By: WorldQuest Condo Hotel Resort: Foreclosure Suit | The Orlando Condo Blog

WorldQuest Condo Hotel Resort: Foreclosure Suit | The Orlando Condo Blog — Sat, 10 Jan 2009 15:45:54 +0000

[...] their failed auction last year, the owners have struggled with sales - as have most of the area’s condo hotels. [...]

By: Craigg

Craigg — Tue, 09 Sep 2008 21:17:02 +0000

LMAO, I can’t say I’m surprised. The monthly condo fees are $561/month & since it’s a condo-hotel, the owner can’t even live there full time and there is no guarantee that your unit will be rented 100% of the time to generate income when you’re not there. This place needs to list their units with the upcoming REDC auction where starting bids on condos are $1,000 & they might be able to sell a few units. I still remember the REIT auctions here in Orlando in the early ’90′s where nice condos were sold for $40K. With Orlando’s huge population of low-wage service/hospitality industry workers earning less $30K/year, we’ll start seeing nice (not foreclosed/short sale) 2/2 condos & townhomes selling in the $80K range before the real estate market rebounds. That being said, I predict Orlando condo pricing to fall another 50% from today’s prices by/before 2010. Yeah, tough news for sellers and their agents to heard. But it’s coming, just wait.