The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Vosilla who wrote (30363)	5/7/2005 2:25:28 PM
From: Tradelite	Read Replies (1) of 306849

Sorry to be so late to respond to your post (been off this site for a long time), but I have to point out that what has been going on in Florida has been going on for a very long time in many places around the country, as well as Florida. Here's what you said, so you'll know what I'm responding to: <<The speculation in real estate here is not from local engineers, doctors, pharmacists and software programers trying to make a living. It is all folks in the real estate trade's and flush with cash relocations from up north with too much time on their hands<g>. Without the population growth and influx of northerners cashing in their chips on overpriced homes in NYC and Boston metro areas we would be hurting just like Ohio and much of the heartland. I expect the next downturn to hit Florida as hard as any other area of the country as a disproportionate share of the wage economy is tied to real estate and it's related industries. People forget we've had the same demographic trends since the first bust in 1926.>> People have been relocating to my part of the country for years, too. Taxpayers have been paying the cost of building new roads and schools for a very long time. What used to be the "countryside" and "another planet" is now considered to be within "commuting distance" to jobs. Too bad all the land is being used up in worthwhile places to live, but it is. And the land is being used up in places no one today ever dreamed of wanting in the past. And, hey, I still get email from retirees/former clients who sold their homes in the Wash DC area and moved to Florida--long before anyone decided to call this a bubble. What's up with that??? I thought people had been "moving to Florida" for decades. Did I hear them wrong?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next