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

To: John Vosilla who wrote (56283)6/18/2006 3:06:04 PM
From: Jim McMannisRespond to of 306849
 
RE:"Even skyrocketing insurance rates down here in Florida are a minor issue relative to how much housing prices have gone up, RE taxes have gone up and resets on ARM's over the past three years."

But an unrealized gain doesn't offset increased insurance and resets on ARMs. Property taxes are capped though. New buyers do feel it more than old homesteaders.



To: John Vosilla who wrote (56283)6/19/2006 12:15:03 AM
From: mishedloRead Replies (2) | Respond to of 306849
 
Even skyrocketing insurance rates down here in Florida are a minor issue relative to how much housing prices have gone up

Not for those struggling on fixed income, SS Payments or the like.

For those it is a MAJOR issues if they can not afford the nut without taking out loans to support consumption (and taxes).

Mish


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