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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 (46873)	1/10/2006 2:42:38 PM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

Taxes in central Florida a lot less than down here.. But still the only ones there making a decent living are in RE and we all know what will happen to that biz.. Makes absolutely no sense to trade on a property in South Florida if you've owned for a while, have a very low tax base and very low rate fixed. About everyone with good credit should have refinanced to 5% fixed or less. This should at least mitigate the supply of single family home subdivisions mostly owner occupied to be dumped on the market.. Personally I'm still selling and be done with the area in part to hurricanes and also to redeploy capital where I think it will be more productive in coming years..