FreedomWide- DEBT CONSOLIDATION, LOWER MONTHLY PAYMENTS, CONSOLIDATE DEBT

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Thanks to the real estate crash, these days you might just be able to afford that condo by the sea. Here’s where to shop.

(Fortune Magazine) — Three years ago, while writing for Fortune’s sister publication Money, I embarked on what seemed like an oxymoronic (or maybe just moronic) quest: to find affordable beach houses at a time of real estate insanity. Beachfront prices were soaring, which made my mission - finding vacation getaways right on the ocean for less than $500,000 - seem like a long shot.

In the end, I did find a few beach locales where bargains still existed, such as North Padre Island in Texas and Prince Edward Island in Canada. For the most part, though, my travels confirmed what the experts had warned me going in: The beach-house retirement dream is out of reach for many upper-middle-class Americans. “We get calls all the time from people who say that all they want is a little house on the beach - nothing too fancy,” one real estate agent told me. “It’s heartbreaking, but the problem is that even those homes come with a fancy price tag.”

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Tags: housing market, real estate

This entry was posted on Sunday, March 23rd, 2008 at 5:44 pm and is filed under Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.