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

To: Jim McMannis who wrote (27417)	2/23/2005 2:35:34 PM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

But what will Florida look like after this is over? Probably a major slowdown and will hurt many younger folks who have moved here lately and are all connected to the real estate business. The double wammy of declining incomes and declining home prices since many are now big investors. Many are now accustomed to living the good life. Taking a couple of steps down will be difficult. Those older and already well off will continue spending but not to the extent they have lately keeping the economy stronger than what I've seen in depressed midwest markets. Unfortunate that the environment in Florida has resulted in a brain drain of talented educated people with few opportunites. Funny how the pumpers these days actually thing Florida will be another California and South Florida prices will catch up to LA. They'll day and do anything to keep the green coming in I guess including buying radio time. A couple of more programs are on in the afternoon now as if we didn't have enough already.