[Wild Style]

Karen,

what is LeHigh?

[TampaKaren]

Originally Posted by Wild Style

Karen,

what is LeHigh?

Sorry, it's LeHigh Acres in Lee County (southwest Florida). They have a lot of vacant homes...foreclosures. I recently met an investor that bought 10 (OMG!).

[Wild Style]

whoa whoa whoa

they are going to possibly bull doze the whole thing? WoW

[FSU_Alum]

re: Lehigh

The main problem in Lehigh (aside from all the grow houses!) is the amount of half-built homes. Last summer, construction just...stopped on many of these houses, leaving messes (there was a story on the news about this company that left a skip full of trash next to the construction site). This could cause tons of problems come hurricane season.

If there is demolishing to be done, I would imagine that it's the half-built homes that will go first.

[ConeyIsBabe]

I bought my property at the height of the real estate market three years ago and now wanna relocate back to Florida. BUT...... I sure don't want to lose $$ and I'd be satisfied to break-even. The question to all you owners of the CRYSTAL BALL is this..... if I can't sell this spring/summer..... will the prices go down more next year ??????????

[Hero]

Palm beach: Housing still in free fall (broken link)

... On the foreclosure front, lenders filed 1,859 mortgage default cases in January in Palm Beach County, nearly triple January 2007's 674 cases, the Palm Beach County Clerk and Comptroller's Office said. In St. Lucie County, 715 foreclosures were filed last month, up from 208 in January 2007.

Some see opportunity in the downturn. Bob Graeve, an agent at Illustrated Properties Real Estate, said he has stayed busy by focusing on foreclosures and "short sales," in which a lender lets a borrower sell a home for less than the borrower owes.

In one recent short sale, Graeve brokered a deal for a West Palm Beach condo for $90,000. The seller owed the bank $180,000. And in another deal in Jupiter, the seller paid $430,000 in 2005 - and is under contract to sell for only $309,000. "Buyers will buy if they're getting a deal," Graeve said. "Buyers aren't going to pay last year's price."

Some aren't going to pay at all. Home sales fell sharply in Palm Beach County and the Treasure Coast, the Realtors report showed. The number of fourth-quarter sales in Palm Beach County dropped 21 percent from a year earlier, while transactions in the Treasure Coast fell 30 percent.

Still, Graeve sees last month's passage of a property tax amendment and low mortgage rates as good signs for the housing market. The average 30-year fixed-rate mortgage costs 5.72 percent, lending giant Freddie Mac said Thursday. "We're close to bottom, if not there," Graeve said.
Others aren't so optimistic.

"All aspects of residential real estate remain in free fall," Goldman Sachs economist Jan Hatzius said. "At present, there is no sign of a bottom."

[SANDYHAIR]

ConeyIsbabe, lol

[macbaloni]

As I Watch The News Around The Country People That Have Moved Out Of Florida Old Familiar Faces Have Been Moving Back As There North And South Carolina Moves Have Resulted In Lack Of Jobs And No Income So Now They Have A 1000 Dollar Payment And Bigger House But Working And The Local Wal Mart Or Mickey D's To Pay For It And Brrrrr To All You People Living In Snow Areas Keep Sticking It Out Up There And Wait For The Ever Increasing Winters To Keep Hammering Your Door And Your Pockets As Gas Prices Climb Past 100 $ Dollars A Barrel. Prices In Florida Are Fair Tax Issues Are Being Resolved And Insurance Aint That Bad I Pay 2000 A Year For A 4/2/2 The Reverse Bubble Is Being Created By The Vultures That Keep Waiting Hoping Desperation Will Lead To Big Equity Profits Facts Are That Housing In Florida Is Already Down To Normal And Tax Records Do Not Show True Housing "costs" For All You Realtors That Are House Buyers Which Seems To Be More Than Half The Population. I Have Been In 4 Hurricanes In My Life Direct Hits And With Exception To Andrew If You Follow The Rules Its A No Brainer There Is No Damage Shutters Trimming Trees Etc. But Id Most Certaily Deal With The Hurricanes Than The Blizzards And Twisters Fires Floods And Earth Quakes That The Rest Of The Country Experiences. I Have Been Sitting In 75 Degree Weather For Last 6 Months Lets See Your States Do That Live Where You Want But The Florida Market Is The Place To Live More So Than California Where Prices Are Truley Inflated And Lets Face It Who Want To Dig My Car Out Of The Snow Everytime I Have To Go To Work. Floridas Real Estate Market Will Recover Because It Has Jobs, A Strong Local Economy, And Great Weather. Insurance Has Already Dropped Across The State Both Home Owners And Auto Double Homestead On Taxes And Currently Sales Has Been Picking Up In Housing In My Area Keep Waiting To See What Happens And Youll Be Waiting As Prices Start To Climb Again Stop Blogging Like Florida Is Suffering Because Its The Real Estate Investors That Are Foreclosing Not The Majority Of Homeowners. And If Homeowners Selling There Homes In Florida Would Stop Lowering The Prices Of Your Homes To See If Its Going To Help Sell Your House And Those Listening To Those Suggesting To Price Your House Below Comps You People Are Causing The Deflating House Values As Comps Are Pulled And People Are Readjusting There Prices To Meet Your Lowered House Prices Your Are Just Falling Into The Trap Of Savy Investors That Are Tryin To Get You To Lower Your House Prices Low Enough For Them To Buy Your House For Close To What They Need To Rent To Cover The Mortgages Keep Firm On Your Prices As A Group And Wait If You Lower You Are Just Part Of The Problem People Need A Place To Live And When They Sell House With Equity That Pay Down On Next House. And Move Up The Ladder Everyone Does It And You Start From The Bottom And Move Up But "some Greedy People Want To Wait Then Let Them Wait Keep Firm On Your Prices And When The Prices Dont Go Down Anymore They Will Get Sick Of Renting And Make A Decision. Soon The Rental Market Will Stabilize When It Does Then Rents Will Increase Since The Demand To Rent Is So High It Is Inevitable And Then Housing Will Be Better Purchase Again. Housing Is A Tax Write Off Rent Ends With No Gains At All Maybe Your Security Deposit Back And Housing Builds Credit You Can Do What You Want To Your Property And Will Eventually Make Money In The Long Term Invest Stop Watching Tlc And Get Real Buy A House Because You Like The Area Good Job And You Want A Roof Over Your Families Head Stop Speculating Like You Are All Some Kind Of Investors Because You Know You Aint Living In Some No Town Usa With A 100 K Mortage On A 3000 Sgft House With Pool And Finding A Job And Visa Versa You Ain Living Near A Major Metropolis With A 3000 Sgft House And Paying 100 K For It Get Real Get Down To Earth Start Making Decisions Before This Whole Country Ends Up In The Toilet.
My House Costs Me 3000 A Month We Make About 6000 In North Carolina Id Make 2000 A Month Total And Pay 1000 Gee Let Me Do The Real Math Get Real!

[macbaloni]

[quote=ConeyIsBabe;2867691]I bought my property at the height of the real estate market three years ago and now wanna relocate back to Florida. BUT...... I sure don't want to lose $$ and I'd be satisfied to break-even. The question to all you owners of the CRYSTAL BALL is this..... if I can't sell this spring/summer..... will the prices go down more next year ??????????[/qu
One thing id keep in mind is that if your house is up for sale people are looking for desperation housing prices are already down below that you could buy two years ago in my area and people keep hoping to get it lower the lower you go the lower they hope youll go more. Polpualation grows its not decreasing and the value of the dollar is deflating usually the reason for housing values to increase now is not a good time to sell thats just the plain truth it doesnt mean houses arent worth what they are worth. Costs of materials will continue to go up driving up the costs to build and the value of land will always hold fall into the trap that things are what people are willing to pay is just another trap for you to sell your house for less the market will work its problems but if you hop on the band wagon and try to compete with sellers to sell your house youre going to have to lower your price below comps Your house is not a stock period. Unless your area has economic conditions that would cause you to lose your home later id say wait for bush to get out and a year or two for the banks to work out there problems. I tried to sell my house and gave up anything i lowered it to i got offers 20k less my house is worth more period and its because im selling in this market that im not getting what its worth ive lowered by bills if given up on the desperate feeling of having to profit immediatly on my house i have a nice place to live and its a beautiful area and I must be thankful people should stop rushing to move somewhere sit back relax and enjoy life a little stop running with the rats. Ive been biking fishing caught 4 bass and been doing things that dont cost a fortune i leave my house up for sale at the same price no longer lowering it and what ever happes happens. I wanted to move to nevada but after watching the horrible winter conditions on tv na florida rocks and that all there is to it been everywhere cali new york nevada and while the west is pretty it aint practical. Sorry i ramblin but for me this housing thing sucks and the market was better with inflating house values than deflating houe values before everyone could be happy you just had to know how to play the game and if you got to greedy shame on you but those that complained about prices they just want to jump right into a 3000 sgft house for 150 k which isnt realistic either i bought my first home for 90k sold made 60 k and moved up so on and so forth. Always making money and moving to the next one living in each three to five years never got greedy and bought more than one which is what caused this sub prime loans on speculated houses those houses being dumped by investors worried about the bubble poping just the worry of the bubble pop created the theory and made it true. Good luck whatever you do!

[firemed]

[quote=macbaloni;2879217]

Originally Posted by ConeyIsBabe

I bought my property at the height of the real estate market three years ago and now wanna relocate back to Florida. BUT...... I sure don't want to lose $$ and I'd be satisfied to break-even. The question to all you owners of the CRYSTAL BALL is this..... if I can't sell this spring/summer..... will the prices go down more next year ??????????[/qu
One thing id keep in mind is that if your house is up for sale people are looking for desperation housing prices are already down below that you could buy two years ago in my area and people keep hoping to get it lower the lower you go the lower they hope youll go more. Polpualation grows its not decreasing and the value of the dollar is deflating usually the reason for housing values to increase now is not a good time to sell thats just the plain truth it doesnt mean houses arent worth what they are worth. Costs of materials will continue to go up driving up the costs to build and the value of land will always hold fall into the trap that things are what people are willing to pay is just another trap for you to sell your house for less the market will work its problems but if you hop on the band wagon and try to compete with sellers to sell your house youre going to have to lower your price below comps Your house is not a stock period. Unless your area has economic conditions that would cause you to lose your home later id say wait for bush to get out and a year or two for the banks to work out there problems. I tried to sell my house and gave up anything i lowered it to i got offers 20k less my house is worth more period and its because im selling in this market that im not getting what its worth ive lowered by bills if given up on the desperate feeling of having to profit immediatly on my house i have a nice place to live and its a beautiful area and I must be thankful people should stop rushing to move somewhere sit back relax and enjoy life a little stop running with the rats. Ive been biking fishing caught 4 bass and been doing things that dont cost a fortune i leave my house up for sale at the same price no longer lowering it and what ever happes happens. I wanted to move to nevada but after watching the horrible winter conditions on tv na florida rocks and that all there is to it been everywhere cali new york nevada and while the west is pretty it aint practical. Sorry i ramblin but for me this housing thing sucks and the market was better with inflating house values than deflating houe values before everyone could be happy you just had to know how to play the game and if you got to greedy shame on you but those that complained about prices they just want to jump right into a 3000 sgft house for 150 k which isnt realistic either i bought my first home for 90k sold made 60 k and moved up so on and so forth. Always making money and moving to the next one living in each three to five years never got greedy and bought more than one which is what caused this sub prime loans on speculated houses those houses being dumped by investors worried about the bubble poping just the worry of the bubble pop created the theory and made it true. Good luck whatever you do!

Wow, your not a writer are you ?