Comments on: Bath Club Miami Beach: Crunching the Real Estate Numbers at 5959 Collins Avenue http://www.southbeachrealestateblog.com/2008/02/02/bath-club-miami-beach-crunching-the-numbers/ Miami, Miami Beach and South Beach Luxury Real Estate Blog Mon, 02 Jan 2012 03:59:50 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Lee Paset http://www.southbeachrealestateblog.com/2008/02/02/bath-club-miami-beach-crunching-the-numbers/comment-page-1/#comment-916 Lee Paset Thu, 26 Jun 2008 15:15:25 +0000 http://www.southbeachrealestateblog.com/2008/02/02/bath-club-miami-beach-crunching-the-numbers/#comment-916 I t appears that a most recent sale of an 01 unit @ 650,000. was far more realistically priced. When owners want to sell they analyze numbers and recent sales which speak for temselves! Some of those units have been for sale even before the structure was built. I t appears that a most recent sale of an 01 unit @ 650,000. was far more realistically priced. When owners want to sell they analyze numbers and recent sales which speak for temselves! Some of those units have been for sale even before the structure was built.

]]> By: Julian http://www.southbeachrealestateblog.com/2008/02/02/bath-club-miami-beach-crunching-the-numbers/comment-page-1/#comment-717 Julian Mon, 04 Feb 2008 13:47:30 +0000 http://www.southbeachrealestateblog.com/2008/02/02/bath-club-miami-beach-crunching-the-numbers/#comment-717 Kevin - I know real estate prices are stickier than we'd all like (we all, you know, I mean buyers!), but with a 1/3rd of units for sale, why aren't these being priced more realistically? Do people think any of it will shift!? Kevin – I know real estate prices are stickier than we’d all like (we all, you know, I mean buyers!), but with a 1/3rd of units for sale, why aren’t these being priced more realistically? Do people think any of it will shift!?

]]> By: Kevin Tomlinson http://www.southbeachrealestateblog.com/2008/02/02/bath-club-miami-beach-crunching-the-numbers/comment-page-1/#comment-714 Kevin Tomlinson Mon, 04 Feb 2008 01:15:09 +0000 http://www.southbeachrealestateblog.com/2008/02/02/bath-club-miami-beach-crunching-the-numbers/#comment-714 I believe all but three or four units are sold. The developer must pay the maintenance fees on the units he still owns. All of the owners at the Bath Club are pretty wealthy group. I don't have any reservations about the health of the condo association, in this particular case. I believe all but three or four units are sold. The developer must pay the maintenance fees on the units he still owns. All of the owners at the Bath Club are pretty wealthy group. I don’t have any reservations about the health of the condo association, in this particular case.

]]> By: ARDELL http://www.southbeachrealestateblog.com/2008/02/02/bath-club-miami-beach-crunching-the-numbers/comment-page-1/#comment-712 ARDELL Sun, 03 Feb 2008 05:39:05 +0000 http://www.southbeachrealestateblog.com/2008/02/02/bath-club-miami-beach-crunching-the-numbers/#comment-712 The HOA is normally permitted to short term borrow from the reserves to cover operating expenses, until the units are sold. I'm assuming you are thinking that some of the owners may not be paying their dues until the properties are sold. That is not normally the case though. Most people continue to pay their dues until the property is sold. When the HOA borrows from reserves they must have a plan to repay the reserves, usually within 12 months. My guess is you might see less clean towels at the bath house for awhile :) That's a joke. Don't want to spread any rumors. The HOA is normally permitted to short term borrow from the reserves to cover operating expenses, until the units are sold. I’m assuming you are thinking that some of the owners may not be paying their dues until the properties are sold. That is not normally the case though. Most people continue to pay their dues until the property is sold.

When the HOA borrows from reserves they must have a plan to repay the reserves, usually within 12 months.

My guess is you might see less clean towels at the bath house for awhile :) That’s a joke. Don’t want to spread any rumors.

]]> By: Pavel http://www.southbeachrealestateblog.com/2008/02/02/bath-club-miami-beach-crunching-the-numbers/comment-page-1/#comment-710 Pavel Sat, 02 Feb 2008 22:03:56 +0000 http://www.southbeachrealestateblog.com/2008/02/02/bath-club-miami-beach-crunching-the-numbers/#comment-710 Does anyone know what would occur if the building in this case would be short on the homeowners association fees. What would happen to the other owners? Would they have to pay the difference? Does anyone know what would occur if the building in this case would be short on the homeowners association fees. What would happen to the other owners? Would they have to pay the difference?

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