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: organicgerry who wrote (46204)	12/28/2005 9:50:45 AM
From: MoneyPenny	Read Replies (1) of 306849

ROFLMAO. I work in related businesses in SW Florida. Things are slowing dramatically. My company are still getting many calls and visits for people looking for preconstruction pricing on some of our projects but resales by investors are dead in the water. Just two years ago I had investors trying to unload WCI luxury condos in Pelican Bay. My firm would come in and do the build out (condos were sold decorator ready) and furnish them. It still was taking a very long time to sell them. The market heated up dramatically as money came out of the stock market and into real estate as the latest can't lose scheme. Naples will be in a contest with Miami (Brickell in particular) to be the poster child of real estate excess. Money Penny One of the ordinary persons in Lee County.

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