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Topic: General Information

Message Board Main Page > General Information

Main Topic Post: General Information

Posted By: Guest

Subject: 2010 contract

Got our contract for June 5 2010.
16% higher for the same house we
had in 2008.
want do YOU think. Should we
take it or wait and hope for a bargain.

Message Replies:

57115: RE: 2010 contract

10/24/2009 4:01:10 PM

Posted By: Guest

That's an incredibly high increase with respect to the state of the economy and this increase really surprises me. If you love the house and can't bare the thought of renting another along with the affordability factor, then sign. Otherwise better deals will be out there with more than likely lower rates than from this year. I'd hold em for now if I were you Bubba!

57118: RE: 2010 contract

10/24/2009 5:34:45 PM

Posted By: Guest

I was surprised this season, (2009) that our house had also increased in price. I also noticed that they had a lot of open weeks this past season, when last year it was booked solid from May-Oct. I guess some owners are willing to risk vacancy rather than lowing rates.

57121: RE: 2010 contract

10/24/2009 5:44:02 PM

Posted By: Guest

I think a lot of places jacked prices so they can offer some % off....people like to beleive they got a deal, so that realty company can tell a caller demanding a idscount they will offer them 15% off. The caller feels like a great negotiator and the owner gets the real price he wants. If everyone didn't feel the need to chew people down in price things like this wouldn't happen....

57131: RE: 2010 contract

10/24/2009 6:35:57 PM

Posted By: Guest

This is the person who made the original post. We talked to our
children and decided to wait and hope for a better deal. I wonder
how many others will make that decision. Realty companies, if
you are reading this, and I am sure you are, think about it.
We saw a lot of empty properties
when we were there in 09.

57134: RE: 2010 contract

10/24/2009 8:48:01 PM

Posted By: Guest

Houses around me had there best year yet. It was all over the board. Remember the increase does not really go to the owner insurance and utilities went way up and of course the rental agency always gets more. This is why we don't rent out our house not worth it

57146: RE: 2010 contract

10/25/2009 6:00:46 AM

Posted By: Guest

unless you got a real deal on that house in 2009, a 16% increase is way over the top. The realty company I work for virtually held the line on prices for 2010.

57150: RE: 2010 contract

10/25/2009 6:30:20 AM

Posted By: Guest

I'd say, keep searching.

57166: RE: 2010 contract

10/25/2009 11:01:58 AM

Posted By: Guest

Seems to me with the economy still tanking, and employment still on the rise, 2010 will se the worst of it yet. Hold out.

57169: RE: 2010 contract

10/25/2009 11:05:18 AM

Posted By: Guest

If you don't think it's a fair price don't buy. If nobody has what you consider a fair price stay home.

57173: RE: 2010 contract

10/25/2009 12:13:47 PM

Posted By: Guest

There is always someone willing to pay, so prices arent falling. And the previous posters are correct. They offer discounts that really ARENT discounts; so consumers feel they have got a deal.

57175: RE: 2010 contract

10/25/2009 1:37:15 PM

Posted By: Guest

Would anyone care to guess how much the insurance on these homes went up this year? Also have seen increases in the utility rates.

57178: RE: 2010 contract

10/25/2009 3:04:31 PM

Posted By: Guest

actually, utilities are down. look at natural gas prices. however,we have managed to afford
a house for 9 straight years. and
now it seems the realty companies
are testing the limits as to how
far they can go. how much is too
much?

57187: RE: 2010 contract

10/25/2009 6:06:58 PM

Posted By: Guest

Yeah, just like they did with the price of gas. If people want it bad enough, they will pay for it!

57190: RE: 2010 contract

10/25/2009 6:40:52 PM

Posted By: Guest

278 -Great observation - every house has natural gas for lighting and air conditioning, even though i's not available on OBX.

57234: RE: 2010 contract

10/26/2009 8:59:50 AM

Posted By: Guest

They are raising it so when they "discount" it in the spring all will wash out the same.....
Book now???? Not me.....I will be calling aroung in April/May after researching how things are going.

57242: RE: 2010 contract

10/26/2009 10:17:50 AM

Posted By: Guest

What a price increase! Maybe the owner is hoping to get a number of weeks at that price to make up for what he/she won't get when they have to discount to fill weeks.
I'd wait, there aren't that many visitors here that week.

57281: RE: 2010 contract

10/26/2009 2:45:10 PM

Posted By: Lola

OP- We will be waitng to choose our home for 2010 until some time after the new year. Maybe even the spring. We have always stayed in a different house in a different area of the OBX and have never been disappointed. I will be day dreaming away the winter in Philadelphia searching for our vacation house for 2010.

57311: RE: 2010 contract

10/26/2009 7:44:59 PM

Posted By: Guest

I know several have reported issues with Surf or Sound, but they have a 2010 rate guarantee - same rates as 2009. I think the rates did go up some 2008 to 2009, but holding the line this year is good.

57313: RE: 2010 contract

10/26/2009 8:05:51 PM

Posted By: Guest

178 You own a house here? I do just got my water bill and insurance they are through the roof. Don't come if you don't like the prices

57323: RE: 2010 contract

10/26/2009 11:28:49 PM

Posted By: guest

I'd like to see the whole area go into the tank. Greed at it's highest. Just like 313 said, don't come. All that these greedy homeowners need is to have no tourists to foot the bill.

57324: RE: 2010 contract

10/26/2009 11:28:50 PM

Posted By: guest

I'd like to see the whole area go into the tank. Greed at it's highest. Just like 313 said, don't come. All that these greedy homeowners need is to have no tourists to foot the bill.

57332: RE: 2010 contract

10/27/2009 6:46:12 AM

Posted By: Guest

I guess we are lucky! We got a 10% DISCOUNT from what we paid this year!

57335: RE: 2010 contract

10/27/2009 7:53:17 AM

Posted By: Guest

313.......don't buy a house ther if you can't afford it without passing the cost on to renters without complaining.

You probably couldn't make 1 summer without renters before foreclosure.

57338: RE: 2010 contract

10/27/2009 8:09:32 AM

Posted By: Guest

335 Hey I don't rent my house out therefore don't pass any costs onto renters and by the way it will be paid off in 10 years not 30. There are still many people who live within there means but oh yeah we have to pay for everybody else who did not! Nice

57340: RE: 2010 contract

10/27/2009 11:14:16 AM

Posted By: Guest

I dont think there is anything wrong with the homeowners making a profit on their rental homes. They do have house payments, insurance, taxes, realtor fees, utilities, etc. But there is a difference between a fair and reasonable profit, and huge increases: especially when these rentals are often purchased by the owner to be THEIR "dream retirement home". I wish I had the means to buy a lovely beach house, and be able to pay it off through renters. But Id never screw the renters over either, without them, MY dream house would be gone. Quite a gamble if ya ask me.

57352: RE: 2010 contract

10/27/2009 2:36:36 PM

Posted By: Guest

Blah blah blah blah blah!
Buy your own house here, rent it out, and see what you get as far as profit. "He who speaks the most, usually has the least to say"!

57359: RE: 2010 contract

10/27/2009 3:28:06 PM

Posted By: Guest

Another Cry Baby Owner.

How about if all renters would get a little collusion thing going and pick a few of the really high end homes and don't rent them.

The poor few who got picked on would be crapping their pants by about March 15 wondering how they were going to come up with this years mortgage pmts. Even after they discounted - no renters -.

Then we would hear the boo hoo hoo stories.

57415: RE: 2010 contract

10/28/2009 7:22:33 AM

Posted By: Guest

Just remember that EVERYTHING goes up!

57420: RE: 2010 contract

10/28/2009 8:05:44 AM

Posted By: Guest

415 - After a certain age all that goes up is hope.

57434: RE: 2010 contract

10/28/2009 9:50:36 AM

Posted By: Guest

It is absolutely amazing that there are people who think owners make a profit on rentals. Pay a mortgage on 80% of the purchase price, add insurance, taxes, utilities, maintenance, and upkeep, then rake in the rental income, less 18% management fees plus the $75 coffee pots guest break, plus the $45 light bulb change call, Plus, plus, plus - ain't a lot of profit left. But, if you present a nice home and care about true guests, then the whiners and discount shoppers won't have any effect because you'll be fully booked before they stop bitchin.

57442: RE: 2010 contract

10/28/2009 10:46:11 AM

Posted By: Guest

If people want to rent a certain house, then they have to pay the asking price. Pretty simple. But, dont tell me the owners arent getting something out of this deal. Are we supposed to believe that people are buying and renting out homes out of the kindness of their hearts? Dont think so. Those rentals pay the mortgage. So if the renters bug the owners..maybe they should find another way to finance their homes.

57444: RE: 2010 contract

10/28/2009 11:44:48 AM

Posted By: Guest

442 You are way out of your league. Nobody is making a profit unless they bought 20 years ago. why do they do it because they were sold a bill of goods or just plain stupid. some might want to retire their but most saw $$$ signs where none exist

57452: RE: 2010 contract

10/28/2009 1:32:13 PM

Posted By: Guest

444: and thats who's problem? Not the renters, thats for sure.

57456: RE: 2010 contract

10/28/2009 2:04:19 PM

Posted By: Guest

442 is right on. If someone sunk $750,000 3 years ago hoping that it was going to be worth $1 million in a year or two and then they could refinance and take out the cash......well tough beans...greed gottem.
Better yet, hope they tried it with and adjustable mortage thats going to bite them in the rear....

These will be the people boo hooing that they didn't know what they were signing.

I smell Bailout..........

57541: RE: 2010 contract

10/29/2009 7:15:15 PM

Posted By: Guest

Lets see, a $750000 house is not OF, has no Pool, so rents for $2200/wk in season and $ 2000 on either side - maybe 10 x $2200 and 8 x 2000; that's $38000, less commissions of $6500 or $31500. That's gobs of cash. Of course the mortgage is $52000 plus taxes and insurance. Whoops. Then there is maintenance, utilities (the natural as that 57178 seems to think the lights, A/C, water and TV run on) and the urgent repairs guests demand after getting their discounts. That seems like a loss of more than $20000 on the cash cow.

57553: RE: 2010 contract

10/30/2009 6:52:58 AM

Posted By: Guest

rent a 2 - 3 BR condo in Ocean City MD and share that pool with 750 others. You'll have an ocean view too. Quit bitching, pay the price or move on to Wildwood NJ.

57556: RE: 2010 contract

10/30/2009 8:40:50 AM

Posted By: Guest

Don't be dissing OC MD.
Cleaner, wider beaches with lifeguards - wide variety of activites for all ages - much wider selection of restaurants - babes, and more babes.
Don't get me wrong I like the OBX but sometime I do get tired of just sitting in my chair looking at best middle aged moms chase their kids around.
I forgot - boardwalk (wooooo hoooo) and of course NO DOGS on the beaches.

57576: RE: 2010 contract

10/30/2009 4:05:54 PM

Posted By: Guest

Ocean City - lots a dogs on the beach - many wearing thongs. Then the gobs of drugs, fights, sex, and other offensive behavior on the boardwalk at night. Great if you don't mind spending a lot of time sitting in traffic so you can get somewhere then look for a parking place for 30-40 minutes. Sure beats relaxing in a chair enjoying yourself.

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