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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: John Vosilla who wrote (34718)6/30/2005 3:55:16 PM
From: redfishRead Replies (2) of 306849
 
I got into a debate on an airplane about the desirability of Florida living with a gal who works for a developer (not so much a debate as her getting really angry at me for not toeing the party line).

I was arguing that there are plenty of seedy neighborhoods in PBC and she was arguing that urban renewal would take care of that problem. The fact that these areas had been seedy for four decades was of no import. What really opened my eyes are the $280k townhomes they built on Dixie Hwy on the Lake Worth side of the spillway just across from WPB ... $280k to have drunk snook fishermen, homeless people and hookers pee on your lawn?

Amazing to me given that the prices of homes in that area are based in part on their distance from Dixie Hwy. that someone would build luxury townhouses ON Dixie Hwy.

Florida always has been and always will be plenty seedy for all but the wealthy.
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