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: Pogeu Mahone who wrote (69987)	1/7/2007 11:38:12 AM
From: Think4Yourself	Read Replies (3) of 306849

Florida may well be the place retirees avoid like the plague in a few years. I know a CEO for a small company who bought land and started building a mansion down there about 18 months ago for retirement. He laughed at me when I suggested timing and location might not be the best. He isn't laughing now. The insurance premiums have become brutal, his property is losing value, and he is finding the temperatures increasingly uncomfortable. Wonder if he'll be able to find a sucker to buy the property from him for anywhere near what it cost him. Am not hearing ANYONE talking about going down to Florida this winter. 10 years ago folks would hire college kids to drive their cars down for them.

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