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

To: marginmike who wrote (37207)	8/7/2005 3:06:43 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

re: your comment <<it's an old debate.>> You are absolutely right. Florida real estate speculation has been a recurring event in American history. The last (not the latest) version of this speculative wave is very real in my own history book. I had to put a staff of relocation experts to work at my former employing brokerage firm, researching whether a wide variety of properties owned by newly deceased relatives, complete with legal descriptions, in Florida could be sold. The answer at that time was "NO!!!" for all of the properties. No real estate companies could be found that were willing to spend any time or effort in trying to get them sold, because there was no market for them. I'm sure those properties look even better today than they looked when they were purchased in a speculative fever back in the 1970s, and a WHOLE LOT better than when I needed to help people decide what to do with them (hold or abandon for unpaid taxes) in the early 1990s.