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What I don't understand...

Published 04 July 09 11:05 AM

#1. I don't understand why in the world someone would rather have an updated kitchen over a waterfront location? Maybe it is just me, but to upgrade a kitchen and bathroom seems minor compared to the long term value of a beachfront property.

#2. I don't understand why someone would rather have a fixer house that needs hundreds of thousands of dollars into it; only to use it as a rental income property... when they can get an amazing deal on a furnished condo that will most likely still appreciate more in the long run than the house ever would, and will bring in more income than that house?

#3. I don't understand why an investor would rather invest in a property with two bedrooms than a studio? I understand the thinking behind it. But when people look to rent in the islands, location location location. So who cares if it has two bedrooms. If you don't have the location, the studio is always going to generate more income.

#4. I do understand why St. Thomas will continue to be a great investment: we are one of the largest cruise ship ports in the world. We are the business hub of the VI. We have sailing, fishing, beaches, and hundreds of islands to visit. We have great weather.

#5. I do plan to personally invest as much as I possibly can into Virgin Island real estate while prices remain low.

#6. I do understand that if I don't keep updating my website daily, you won't come back. Then my feelings will be hurt. Then no one will be happy. Seriously though, I am working on it.

When you arrive on island, let me take you to Bad Ass coffee, or meet up with you at Duffys in Red Hook.

Happy Fourth of July :)

 

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