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Old 03-22-2015, 09:08 PM
 
1,627 posts, read 1,068,629 times
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Given the absurd appreciation rates I've seen in pockets all over the state, I'd at least say it's possible.
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Old 08-24-2015, 10:50 AM
 
Location: Connecticut USA
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Well, compared to CT, where we live, the prices on coastal houses seem like an absolute steal in most of Florida, particularly East coast. However, many of the posters have made excellent points about true values. If a town is awash in foreclosures (like, look at Brevard county for example) what are the normal sales actually worth?
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Old 08-24-2015, 01:06 PM
 
Location: Port Charlotte
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Foreclosures have pretty much been worked through. There are some popping back o. The market as the banks finish the processing but pretty much back to normal.

Demand is driving the market, or a lack thereof in some areas.
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Old 08-24-2015, 02:44 PM
 
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Florida real estate has always been boom and bust cycling. The cycles seem to be getting closer together now, much like other financial markets. Places like West Palm are already at levels that aren't going to see much appreciation, at least the highly desirable areas. Places like PSL still have a little room to recover as their markets haven't seen quite the appreciation.

Bottom line is areas will become over valued. People will start to migrate further away to save money. Everything will rise, then it will crash.

The best base line to use is to look at house hold income for the area. People have to live there. People have to be able to afford it. Draw a circle for travel and you can see where the bargains are relative to other areas.

Realize one thing. The baby boomers, the ones that had money, are already here. The remaining baby boomers are not in the same financial shape. Baby boomers have a limited shelf life. So keep that in mind when making your financial plans. We have some time to enjoy appreciation. All these renters paying big bucks, some of them will get tired of it and will buy some more. Not likely in West Palm but further north. However the markets aren't going to stay high forever. Millennials aren't buying homes, people don't have down payments and people have a lot of debt. Combine that with the job market being poor, real wages not rising and automation taking out a lot of jobs and you have a mostly deflationary environment especially long term.

Last edited by aridon; 08-24-2015 at 02:53 PM..
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