ST Alpha - "Even in that scenario, you're talking about six years (worst case seven) to pay off the mortage. " (Reading a Post)

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In response to "I thought about this when we were in Destin 2011ish. In talking with the people we rented from, it's less than ideal." by spamlet

Even in that scenario, you're talking about six years (worst case seven) to pay off the mortage.

Posted by David (aka David) Jan 12 '14, 12:15

I'm sure it's imperfect but the idea of having an oceanfront condo with an oceanview in a popular area for that little of an investment is stunning to me.

Responses:

There is no real downside that I can see. -- nm - J Jan 12, 12:50 3
- There's *always* a downside. -- nm - spamlet Jan 12, 12:52 1
  - There is but sometimes it's nice to do something fun for the family. -- nm - David Jan 12, 12:53
- As long as you pay your hurricane insurance there isn't -- nm - Bacon Jan 12, 12:52

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Even in that scenario, you're talking about six years (worst case seven) to pay off the mortage.

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