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

To: Travis_Bickle who wrote (75254)4/2/2007 3:01:35 PM
From: John VosillaRespond to of 306849
 
So true but few seem to want to do anything else.. Yeah you would think 5.3% in a short term CD or much higher in safe corporate bonds makes more sense relative to property yielding 2% till all this shakes out. Way too much of the wealth in our state these days seems to be concentrated in the real estate community. Many have been oblivious to the common man's struggles here or how overvalued and uncompetitive we'd become relative to other comparable areas..



To: Travis_Bickle who wrote (75254)4/2/2007 5:06:03 PM
From: SumaRespond to of 306849
 
You are right about not wanting to sell. Even if your home is paid for and you want upward mobility . The reassessing of homes by tax office has made it virtually impossible to move upward unless you are prepared to double or triple your taxes..

Also... the cost of homeowners is prohibitive too.

Only advantage of a new home right now.. newly constructed is that the homeowner might be less as code restrictions are
better.

Talking about my experience here in Fl.


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