The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: redfish who wrote (34719)	6/30/2005 4:08:30 PM
From: John Vosilla	Read Replies (2) of 306849

Florida always has been and always will be plenty seedy for all but the wealthy. That is as good a one liner that summarizes Florida as any I've ever heard<g> Though you must admit there are very nice middle class suburbs from Coral Springs and Wellington in the south to Longwood and Lake Mary in metro Orlando. But you can say that about the metro areas of every thriving sunbelt market. I think the joke is this bubble will make ghettos and low income areas obsolete. Funny they had a 60ish black couple on CNBC yesterday who finally are buying their first home, a little shack for $350k in the riot area of the ghettos of South Central LA. The reason is the new owner/investor of the rental they live in is raising the rents 50%. OT: did you get my info on the Ohio investor? How can he come close to break even on cash flow?

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