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Owning a second home in SXM #230207
07/20/2020 04:51 PM
07/20/2020 04:51 PM
Joined: Apr 2005
Posts: 6,951
Vermont
sxmmartini Offline OP
Traveler
sxmmartini  Offline OP
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Joined: Apr 2005
Posts: 6,951
Vermont
I have been through two horrible hurricanes in SXM that destroyed our vacation home twice. I repaired the villa both times and was able to return to the island quickly. This virus was something I never could have imagined in a million years. I never thought a virus plandemic could not only shut down travel to SXM but the whole new world. I really don't know when I will be able to return to my second home and if this runs into 2021 honestly I might rethink second home ownership.

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Re: Owning a second home in SXM [Re: sxmmartini] #230211
07/20/2020 05:31 PM
07/20/2020 05:31 PM
Joined: Sep 2000
Posts: 4,048
Newtown, CT
kim Offline
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kim  Offline
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Joined: Sep 2000
Posts: 4,048
Newtown, CT
I’m right there with you! We bought our oceanfront condo 2 1/2 months before Irma hit. But we could deal with that. The pandemic is something we never thought we would have to worry about. Also seriously rethinking ownership. Even at a loss it may be worth getting out of because who knows how often the island could possibly just “close”.

Re: Owning a second home in SXM [Re: kim] #230218
07/20/2020 06:15 PM
07/20/2020 06:15 PM
Joined: May 2002
Posts: 3,933
Kennys Online content
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Kennys  Online Content
Traveler
Joined: May 2002
Posts: 3,933
Yes very tough time now , different after Irma.

Re: Owning a second home in SXM [Re: sxmmartini] #230223
07/20/2020 07:05 PM
07/20/2020 07:05 PM
Joined: Apr 2013
Posts: 28
3
3dot14 Offline
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3dot14  Offline
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3
Joined: Apr 2013
Posts: 28
...and I was thinking of buying a second condo as an investment. Now I'm thinking of selling the one I already have.

Re: Owning a second home in SXM [Re: sxmmartini] #230228
07/20/2020 07:29 PM
07/20/2020 07:29 PM
Joined: Aug 2000
Posts: 72,590
Central Florida!
Carol_Hill Offline
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Carol_Hill  Offline
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Joined: Aug 2000
Posts: 72,590
Central Florida!
Don't really blame you. Tough times..


Carol Hill
Re: Owning a second home in SXM [Re: sxmmartini] #230245
07/21/2020 07:53 AM
07/21/2020 07:53 AM
Joined: Aug 2012
Posts: 276
F
foreversxm Offline
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foreversxm  Offline
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F
Joined: Aug 2012
Posts: 276
Yes different than Irma as the impact Is not physical damage but economic. You can’t live at the mountaintop forever , to me this is just a little valley time and this will pass and things will obviously improve in time just like always. Would love to take advantage of any of that gloom and doom panic selling of homes. Been going to the island for 25 years. Look around, No bargain Paradise for sale and a gem will always be a gem. SXM sure seems to hold its value over time. It’s a circle. One person gets feed up or the sky is falling and moves on and 3 more discovers sxm and loves it.

Re: Owning a second home in SXM [Re: foreversxm] #230251
07/21/2020 09:03 AM
07/21/2020 09:03 AM
Joined: Aug 2000
Posts: 72,590
Central Florida!
Carol_Hill Offline
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Carol_Hill  Offline
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Joined: Aug 2000
Posts: 72,590
Central Florida!
Respectfully, I don't really think there were too many people on SXM who were on a 'mountaintop' before the virus. They were just beginning to turn around after Irma. The virus is different, very different, as it affects the whole world.


Carol Hill
Re: Owning a second home in SXM [Re: sxmmartini] #230259
07/21/2020 09:57 AM
07/21/2020 09:57 AM
Joined: Sep 2003
Posts: 17,692
St Maarten
BillandElaine Offline
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BillandElaine  Offline
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Joined: Sep 2003
Posts: 17,692
St Maarten
Everyone was looking to take advantage of low prices after Irma too. Didn't happen.


Elaine
*********************************
God Bless the broken road....
Re: Owning a second home in SXM [Re: sxmmartini] #230261
07/21/2020 10:22 AM
07/21/2020 10:22 AM
Joined: Mar 2004
Posts: 3,814
Vancouver, WA
Todd Offline
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Todd  Offline
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Joined: Mar 2004
Posts: 3,814
Vancouver, WA
I think the emotional and economic fatigue with both events being so close together will have a real impact. Note also this has a significant economic impact on the US and the world, this reduces play money. We will see, we hope for the best for the island and we are hopeful that we will be able to return in November.
T


I prefer the Isle seat
Re: Owning a second home in SXM [Re: Todd] #230267
07/21/2020 10:40 AM
07/21/2020 10:40 AM
Joined: Sep 2003
Posts: 17,692
St Maarten
BillandElaine Offline
Traveler
BillandElaine  Offline
Traveler
Joined: Sep 2003
Posts: 17,692
St Maarten
We hope you can too! Miss you all xx


Elaine
*********************************
God Bless the broken road....
Re: Owning a second home in SXM [Re: BillandElaine] #230273
07/21/2020 11:03 AM
07/21/2020 11:03 AM
Joined: May 2002
Posts: 3,933
Kennys Online content
Traveler
Kennys  Online Content
Traveler
Joined: May 2002
Posts: 3,933
Yes that's true , I remember that period. We just got our Mortgage reshaped money wise . God is good.

Re: Owning a second home in SXM [Re: sxmmartini] #230274
07/21/2020 11:10 AM
07/21/2020 11:10 AM
Joined: Apr 2005
Posts: 6,951
Vermont
sxmmartini Offline OP
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sxmmartini  Offline OP
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Joined: Apr 2005
Posts: 6,951
Vermont
I never said I would sell but maybe rent till this blows over...


Live your life the way you meant to live it!
Re: Owning a second home in SXM [Re: Carol_Hill] #230293
07/21/2020 02:04 PM
07/21/2020 02:04 PM
Joined: Aug 2012
Posts: 276
F
foreversxm Offline
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foreversxm  Offline
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F
Joined: Aug 2012
Posts: 276
Well certainly even after Irma most people mountaintop was better 5 months ago vs today on SXM and worldwide. It’s all individually or relevantly speaking and not about bank accounts, more about jobs and being able to feed families. Certainly Jeff Bezos mountaintop is much different than all of ours. Point is peaks and valleys, nothing more. As to the post Real Estate is the same. IMO

Re: Owning a second home in SXM [Re: foreversxm] #230313
07/21/2020 04:02 PM
07/21/2020 04:02 PM
Joined: Apr 2005
Posts: 6,951
Vermont
sxmmartini Offline OP
Traveler
sxmmartini  Offline OP
Traveler
Joined: Apr 2005
Posts: 6,951
Vermont
Living in Paradise was our dream but it ain't going to happen... Plan A was to spend Jan -March in SXM, plan B hopefully we can find someone on the island to rent it long term.


Live your life the way you meant to live it!

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