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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Jim McMannis who wrote (303917)1/28/2011 1:03:13 PM
From: John VosillaRead Replies (1) of 306849
 
Jim they are paying ALL CASH with cap rates on investments at 15%+. Some are moving there or using it as a second home. Now when you are talking say $400k+ high end So
Fla here now most buyers are using some debt but the amount of distressed property is a very small part of that picture as there was little speculative speculative development since most had been built out by 2004. I've been saying it will take much higher rates and (or) another stock market crash that stays down for the count to force more in those communities to sell..All IMHO of course..

Maybe you should look a different direction like those new bubble Ginn communities either in PSL, Reunion or Palm Coast...Many once over a million golf course front luxury pool homes with incredible amenities at 80% off those prices can be had in $200's now. Mucho distressed high end sellers in those speculative markets
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