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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Think4Yourself who wrote (57762)7/15/2006 12:58:29 AM
From: John Vosilla of 306849
 
'Why would anyone pay $45+ for a stock that was $30 as recently as 3 years ago, and is headed back to fundamentals of then or of even lower prices? It doesn't make sense to me.'

Because land values went up roughly 10 fold in Florida since 2002 so in their eyes the stock price is dirt cheap. The cost of living in paradise or they ain't building anymore land here I'm always told<g> I do think land values give back a huge chunk of that gain the next 3-5 years.
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