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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (41035)9/7/2005 12:16:39 PM
From: sciAticA errAticA  Respond to of 110194
 
re: Boom Ending In Southwest Florida

==========

... that's the story here in Wonderland...

... there is an irrepressible faith that there is an endless supply of aging "yuppies" -- apparently yuppies who have saved for retirement, or amassed equity in their present homes -- slotted up and waiting with baited breath to move to sunny Sarasota to retire in a downtown condo... or a carbon copy cardboard McMansion on an undersize lot in Lakewood Ranch...



To: russwinter who wrote (41035)9/7/2005 1:17:38 PM
From: John Vosilla  Respond to of 110194
 
No doubt all SW Florida real estate as well as the high end condo bubble on the SE Florida coast bear watching for coming collapse. Too many speculators end up being end users holding overpriced, overleveraged property that they won't in a million years find year round tenants to rent for even the RE taxes, insurance and 1% pay rate on their option ARM.


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