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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (5825)10/3/2002 12:23:25 PM
From: patron_anejo_por_favorRead Replies (3) | Respond to of 306849
 
FWIW, the Wall Street Journal article today on "cracks in the housing bubble" had a map that indicated that Fort Myers is one location with an extremely high home appreciation/income increase ratio, suggesting bubble inflation at an advanced stage. It could be because of it's demographics (retirees) but it's still a bit of a red flag.

SBerglowe is a realtor in Florida (but I think she's over in the Boca/Palm Beach area); she may have some insight on the area.



To: JRI who wrote (5825)10/3/2002 11:05:42 PM
From: GabrielRead Replies (2) | Respond to of 306849
 
hi

I live in Pompano,FL- ocean front condo- we bought 4 years ago at 560k- the one below us just sold last month for 900k and was not on the market that long- guy behind us has a smaller unit-not on the ocean and he is asking 1.2- hasn't sold yet but he just put on the market- I keep thinking we should sell and rent a place :) its nutty


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