U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Florida
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
View Poll Results: When will the housing Bust end in FL?
By the end of this year 21 8.30%
Spring 2008 28 11.07%
Summer 2008 16 6.32%
Fall 2008 17 6.72%
Winter 2008 12 4.74%
Spring 2009 29 11.46%
Summer 2009 18 7.11%
Fall 2009 11 4.35%
Winter 2009 9 3.56%
Sometime in 2010 38 15.02%
Sometime in 2011 13 5.14%
Sometime in 2012 11 4.35%
2013 or later 30 11.86%
Voters: 253. You may not vote on this poll

Closed Thread Start New Thread
 
Old 12-24-2007, 10:24 PM
 
Location: New York, Westchester
506 posts, read 2,042,648 times
Reputation: 232

Advertisements

is the market as bad as they say it is down in Fl. and how long tell it starts to turn around..........

 
Old 12-24-2007, 11:06 PM
 
Location: Heartland Florida
9,324 posts, read 23,756,356 times
Reputation: 4900
I hope it turns around soon and property values start falling. The lower they go the better.
 
Old 12-25-2007, 07:26 AM
 
Location: western East Roman Empire
6,559 posts, read 10,629,997 times
Reputation: 5655
Quote:
Originally Posted by westchester View Post
is the market as bad as they say it is down in Fl. and how long till it starts to turn around..........

The market is turning around pretty well from the unsustainable levels it had reached in the 2003-2005 period, especially in southwestern Florida.

Nonetheless, it should keep turning around in southeastern Florida: though price reductions are as high as $100k in some cases from 2005-2006 peaks, prices probably have another 25%-30% turning around to do in 2008-2009.

So, yes, the market is still bad, but, with this further turning around in the next two years, it should return to normal, perhaps in 2009-2010.

We probably won't see another such speculative bubble for another generation, at least, when the economic and moral devastation wreaked by the most recent one fades from historical memory.

But then again, people may be so short-sighted and have such short attention spans that they may blindly fall into the same hole again in a debt-drugged stupor within three to seven years, who knows?
 
Old 12-25-2007, 07:39 AM
 
Location: America
6,985 posts, read 15,454,757 times
Reputation: 2067
Quote:
Originally Posted by bale002 View Post
The market is turning around pretty well from the unsustainable levels it had reached in the 2003-2005 period, especially in southwestern Florida.

Nonetheless, it should keep turning around in southeastern Florida: though price reductions are as high as $100k in some cases from 2005-2006 peaks, prices probably have another 25%-30% turning around to do in 2008-2009.

So, yes, the market is still bad, but, with this further turning around in the next two years, it should return to normal, perhaps in 2009-2010.

We probably won't see another such speculative bubble for another generation, at least, when the economic and moral devastation wreaked by the most recent one fades from historical memory.

But then again, people may be so short-sighted and have such short attention spans that they may blindly fall into the same hole again in a debt-drugged stupor within three to seven years, who knows?
bale, bro this housing thing is just starting. To quote the guy who created the ARM and other exotic loans "If I could compare this housing market to a baseball game, we are just in the national anthem, the first ending hasn't even started". 2008 is going to be the year of reckoning for a lot of folks.
 
Old 12-25-2007, 09:15 AM
 
22 posts, read 108,004 times
Reputation: 14
Default Ft Peirce crime

I think I'll limit my visits to work and pleasure.

Since PSL has no real town, I'd like to visit a place and just walk around. Besides Ft Pierce, where do people go to walk around and shop, besides malls and strip malls.

Are there any home town bars or pubs, jazz bars, cigar bars? decent breakfast spots without being a fast food place?
 
Old 12-25-2007, 10:36 AM
 
Location: Florida
2,209 posts, read 6,903,319 times
Reputation: 599
A plus for you baleoo2
 
Old 12-25-2007, 12:47 PM
 
548 posts, read 389,931 times
Reputation: 126
Quote:
Originally Posted by Wild Style View Post
bale, bro this housing thing is just starting. To quote the guy who created the ARM and other exotic loans "If I could compare this housing market to a baseball game, we are just in the national anthem, the first ending hasn't even started". 2008 is going to be the year of reckoning for a lot of folks.
Exactly, this thing has not even started yet.

I am amazed that some people still don't get it. The housing blogs have been laying this thing out with accuracy for years.

Folks, Florida real estate is crashing...a long, slow crash that will take the next 2-3 years to even reach bottom. After that, prices are not going anywhere for years and years.
 
Old 12-25-2007, 03:18 PM
 
Location: America
6,985 posts, read 15,454,757 times
Reputation: 2067
Quote:
Originally Posted by CJFlorida View Post
Exactly, this thing has not even started yet.

I am amazed that some people still don't get it. The housing blogs have been laying this thing out with accuracy for years.

Folks, Florida real estate is crashing...a long, slow crash that will take the next 2-3 years to even reach bottom. After that, prices are not going anywhere for years and years.
If you think Floridians are clueless, you wait to see what happens in NYC. They are about six months to eight months behind Florida. They are still in the denial stage of things and media isn't helping. Mid 2008 I think reality is going to sink in for a LOT of people. I really don't think people understand how bad we in America have it right now. I will give everyone a hint of ONE of the problems we face. Start asking yourselves why California and NYC (along with 16 other states) have such a DRASTIC measure on the table right now in terms of car manufacturing standards. Then ask yourself why NYC is pushing so hard with this PLAN NYC thing they have (which they UN has voted one of the best plans in the world). People have absolutely no idea whats coming. I just hope people don't look at it as dooms day stuff, if they do, it is going to be a long road ahead for them when they are caught out there with their pants down.
 
Old 12-25-2007, 04:24 PM
 
Location: The Conterminous United States
22,553 posts, read 47,245,506 times
Reputation: 13382
Quote:
Originally Posted by Wild Style View Post
Then ask yourself why NYC is pushing so hard with this PLAN NYC thing they have (which they UN has voted one of the best plans in the world). People have absolutely no idea whats coming. I just hope people don't look at it as dooms day stuff, if they do, it is going to be a long road ahead for them when they are caught out there with their pants down.
Much to my embarrassment, I have no idea what this means. Could you please explain it? Thanks in advance.
 
Old 12-25-2007, 04:44 PM
 
Location: America
6,985 posts, read 15,454,757 times
Reputation: 2067
Quote:
Originally Posted by hiknapster View Post
Much to my embarrassment, I have no idea what this means. Could you please explain it? Thanks in advance.
Just research the terms I used. I am not going to speak on it for a few reasons which I wont disclose here. Happy hunting
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Closed Thread


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Florida
Follow City-Data.com founder on our Forum or

All times are GMT -6. The time now is 11:36 PM.

© 2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top