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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: John Vosilla who wrote (47783)1/26/2006 1:40:37 PM
From: KMRead Replies (3) of 306849
 
Is this all true? Got this off the bubble site

RE: Comments regarding the fallout in Florida.

I left Florida about 6 months ago after trying to live there for a year. Going to Florida was the worst move I ever made and getting out (several days before Katrina) was the best move.

My move was based on an assessment that it wasn't sustainable financially despite a great new career opportunity there. Salaries there, and I'm sure in many of the "bubble zones" don't begin to keep up with the costs.

I had to laugh everytime I heard people from the Governor to someone in the news media explaining some new disaster, hurricane, questionable election, crack-addict-robbery-gone-bad, or dismal education statistic, as "the price we pay to live in paradise".

I had the same life killing experience that another poster mentions here - all anyone talked about there was how rich they were going to be and real estate bullsh*t permeated every conversation.

I began to figure out just how rigged the whole game is from corporate controlled rental schemes that push people down a spiral staircase of debt, to an almost total lack functioning in some areas of government (ie. the worst level of functioning of postal services to a DMV system that might make a Haitian think twice). What's sad is that there are plenty of nice people there who seem to be nothing more than grist for the scam.

Let's face it, in many ways, there's not much in S. Florida other than some nice weather. They have learned to market the hell out of very little really. Let the Buyer, renter, consumer beware.

9:49 AM
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