What is the real cost of real estate in Sandestin, Destin and Santa Rosa Beach's 30A.
Doing open houses the past month in Sandestin and 30A, I've had multiple visitors come through asking the same question, why is the price of houses here continuing to increase? They will say something like I been looking for a few years now and in the last couple years prices have really increased. Did we miss our opportunity to buy?
This is true our market is up and prices have risen with demand and the mechanics of market is on sold ground.
But there is still great opportunities to buy your dream home.
I believe the greatest expense just might be.....the opportunity cost.
In microeconomic theory, The New Oxford American Dictionary defines it as "the loss of potential gain from other alternatives when one alternative is chosen". Opportunity cost is a key concept in economics, and has been described as expressing "the basic relationship between scarcity and choice". Thus, opportunity costs are not restricted to monetary or financial costs: the real cost of lost pleasure or any other benefit that provides should also be considered opportunity costs.