[CJFlorida]

Originally Posted by kwflconch

I think house prices are going to drop massively probably about 40%-70%. And that there are going to be jobs layed which causes is going to cause more people to leave Fla. I think that home sales will drop even further with foreclosures rising and housing construction collapsing. There will be drops in school enrollment unfortnately and crimes will rise a lot due to people not having jobs and money to buy things for their family. We might even see something like the 1930s Depression which would further collapse Florida and the US's economy.

I could not agree more. It is astounding when you look at the negatives all coming together at once. The level of debt, both government and personal, is mind blowing.

Large parts of Florida have sooooo far to fall yet. Prices may be sticky but the end result will be huge cuts. All we are doing now is prolonging the inevitable.

[floridasandy]

i do not think that all of florida will be hit hard. we are seeing an upswing in our area. i admit that it may be temporary because it is winter, but it is a positive sign. people will always need to live somewhere, they will always put the bulk of their income in housing, and florida is generally a nice state to live in.

[sunrico90]

I believe that folks will continue to relocate to Florida regarless of the recession. Money from rich individuals or overseas will continue to flow to the state....

[Wild Style]

the last recession Florida saw unemployment that was double the national average. This place relies heavily on tourism and when people are no longer vacationing what do you think is going to happen? Florida will take a huge hit. As for those who think people from over seas will continue to come in. The report from the Florida Chamber of commerce issued a month or so ago stated foreign visitors and investment was WAY down.

Originally Posted by momma123

A recession will not effect florida any different then the rest of the country

[Prettygyrl777]

Okay so.....should I buy a house now or wait until later? LOL I have my eye on a cute condo. Was 200k 6 months ago and they now dropped to 169k. (2 br/2 and half bath, garage). Brand new gated community 1 mile from my job

Are people buying, waiting or what??

[Wild Style]

prettygyrl

you need to tow the line!!!!! We are on strike from buying down here right now until these people lower these prices. Don't be a line crosser!

[Floridabound09]

Originally Posted by sunrico90

I believe that folks will continue to relocate to Florida regarless of the recession. Money from rich individuals or overseas will continue to flow to the state....

I agree, money will still be coming into Florida therefore they will be slower then the rest of the states if a full blown recession does hit.
Many do not believe we are in a recession right now, but you cannot tell people who are struggling that.
It all comes back to the need for good manufacturing jobs back into our workplace, without them we are toast. The tech jobs we all hear about will not do the job. We need strong manufacturing jobs that the money stays here and does not go overseas.
Florida is a great place for small business to strive in, money will always be there in certain parts of the state no matter what. Many of those who have money protect it by moving to Florida and if they do spend it, it usally is in Florida.

[CJFlorida]

Originally Posted by Wild Style

the last recession Florida saw unemployment that was double the national average. This place relies heavily on tourism and when people are no longer vacationing what do you think is going to happen? Florida will take a huge hit. As for those who think people from over seas will continue to come in. The report from the Florida Chamber of commerce issued a month or so ago stated foreign visitors and investment was WAY down.

Wildstyle...I am about ready to give up. We post time and time again about how the housing bubble blog has been right on the past 4 years and how they have outlined the huge problems coming for Florida.

They told me to sell at the peak in 2005 and rent...I made a lot of money and now rent for half the cost of owning. They told me to get out of the stock market in June 2007 at 14000, I did and have done great. They told me to buy gold at $400, I did and have doubled my money and can cash out any time and take my profits.

Yet poster after poster says all will be fine. They completely ignore any advice we give. Apparently having an amazing track record of accuracy while all the experts have been wrong means nothing.

Oh well folks, carry on!!

[rich renter]

i believe a recision could be the only time it would be a positive thing to be in a right to work state

[Wild Style]

Originally Posted by CJFlorida

Wildstyle...I am about ready to give up. We post time and time again about how the housing bubble blog has been right on the past 4 years and how they have outlined the huge problems coming for Florida.

They told me to sell at the peak in 2005 and rent...I made a lot of money and now rent for half the cost of owning. They told me to get out of the stock market in June 2007 at 14000, I did and have done great. They told me to buy gold at $400, I did and have doubled my money and can cash out any time and take my profits.

Yet poster after poster says all will be fine. They completely ignore any advice we give. Apparently having an amazing track record of accuracy while all the experts have been wrong means nothing.

Oh well folks, carry on!!

its like we have one mindl. I thought it when I was reading some of these posts and you posted it lol.