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

To: organicgerry who wrote (46204)	12/28/2005 9:04:56 AM
From: KM	Read Replies (3) \| Respond to of 306849

I just have to laugh. No matter where you are and how ridiculously overpriced your area is, the bubble may burst but it won't affect you. I see this horseshit from people in Boston, LA, San Fran and especially Florida. I know you tell yourself this to alleviate the nervousness about giving back the ephemeral "gains". There's no more land People are moving in with money from other areas I think Naples FL is at the top of the list of overpriced bubbles nationawide. You're run out of suckers, man. We'll check back with you in a few months. Why don't you try an experiment. List your house for sale at what you think it's "worth" today and see how many people even come look at it. Might be a cold shower.

To: organicgerry who wrote (46204)	12/28/2005 9:50:45 AM
From: MoneyPenny	Read Replies (1) \| Respond to of 306849

ROFLMAO. I work in related businesses in SW Florida. Things are slowing dramatically. My company are still getting many calls and visits for people looking for preconstruction pricing on some of our projects but resales by investors are dead in the water. Just two years ago I had investors trying to unload WCI luxury condos in Pelican Bay. My firm would come in and do the build out (condos were sold decorator ready) and furnish them. It still was taking a very long time to sell them. The market heated up dramatically as money came out of the stock market and into real estate as the latest can't lose scheme. Naples will be in a contest with Miami (Brickell in particular) to be the poster child of real estate excess. Money Penny One of the ordinary persons in Lee County.