Monday, June 27, 2005

Asbury Condos For Sale; Again

This Asbury Park Press article was from about two weeks ago. The whole idea of buying in Asbury is kind of appealing, but not at the prices described. No matter what the rest of the housing market is like, investing in Asbury is and will probably always be, a form of gambling. The city’s corrupt developers and corrupt politicians have screwed over so many so often that it seems highly likely that someone, somewhere in Asbury Park is going to eventually lose a ton of money.
As an aside, wouldn’t it be nice to see some businesses return to Asbury after fleeing 30 years ago. Maybe companies like the Asbury Park Press should try to help in the rebirth in Asbury by coming back to town instead of hiding in the woods of Neptune.

Snip…

“Paramount had a waiting list of more than 3,000 people for their first buildings in their portion of the waterfront development area, which they named North Beach Asbury Park.

"I always had the dream to own beachfront property down the Shore," Rodriguez said Wednesday. "Asbury Park provides a means where we can have a second home. In the short term, it will be a second home, but in the long run I find myself living there. It is the Jersey Shore, and over time, it will definitely develop."

Rodriguez said he was one of the first buyers and contracted to pay $405,000 for his one-bedroom unit. The Barcelona will rise at the corner of Sixth Avenue and Kingsley Street and be finished by next summer. The next two buildings are scheduled to be occupied by 2007.”

Continue…

2 Comments:

Anonymous Anonymous said...

"Maybe companies like the Asbury Park Press should try to help in the rebirth in Asbury by coming back to town instead of hiding in the woods of Neptune"

Me thinks you've been hittin' the Tri City News a little too much lately.

Monday, June 27, 2005 9:00:00 PM  
Blogger Little Silvered said...

No, I don't read the tri-city, unless I'm waiting for a seat at the diner in Shrewsbury on rte. 35 (I can't remember the diner's name, but it always has the tri-city.) I just think the APP is an extremely lame paper. It is practially just a collection of Associated Press clippings interspersed with articles about recycling and Jason's Furniture ads.

Monday, June 27, 2005 9:26:00 PM  

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