You are right. They have fallen radically. Some of them upto 50%..
I have friends that bought there as well as clients of my colleagues.
Pretty much you can stay at the place 28 days a year and the rest of the time the hotel is renting out the room for you and splits the proceeds. I believe it's 45% -yours and 55% goes to the hotel.
My friends told me that they are actually making money now, even though they've bought at the peak.
I can imagine if you buy now, you have a great chance to create positive monthly cash flow.
Lowest priced shor sale right now is 150K for 330 sq ft studio.
If you want to talk in more details or interested in seeing some of them, give me a call.
Prudential California Realty
the Hardrock has some great opportunities. If you want a cash flow analysis and investor perspective on the hardrock or a particular home in the building, let me know and I can put something together for you. Thanks
I would do my home work before any purchase
Great resource http://bit.ly/bEPuZR. Remember you're condo share is competing against other hotel rooms in the area. Find out what the local vacancies are per season from an independent source. The days that your condo room is siting empty you're not making money.