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Old 12-13-2006, 09:49 PM
 
Location: Orlando, FL - used to be nice, a dump now. Anyone speak English down here???
340 posts, read 432,795 times
Reputation: 77

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Worth reading. Looks like Souther FL is a big bust.

http://money.cnn.com/popups/2006/biz...herenot/2.html
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Old 12-14-2006, 05:09 AM
 
Location: The Conterminous United States
22,584 posts, read 54,285,430 times
Reputation: 13615
Yes. They also expect Cape Coral to have the biggest drop across the country...18.6 percent.

http://money.cnn.com/2006/10/03/real...cast/index.htm
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Old 12-16-2006, 10:47 AM
 
17,291 posts, read 29,402,468 times
Reputation: 8691
You have to be careful with such articles though. A similar article from the same magazine detailed best places TO buy, and listed Panama City Florida as their top spot. Meanwhile, I was doing work with a company that does distressed and foreclosed property sales and investment, and the Panama City market is completely bad.

Just sayin!
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Old 12-16-2006, 11:27 AM
 
Location: Heartland Florida
9,324 posts, read 26,749,371 times
Reputation: 5038
I can only hope this is true so I can stay in the home I built ! Also if homes become affordable again some nice people who live in SF can stay!
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Old 12-16-2006, 02:57 PM
 
Location: The Conterminous United States
22,584 posts, read 54,285,430 times
Reputation: 13615
Well, I agree with you, Tri. However, now even the local paper is saying things are tough.

http://www.news-press.com/apps/pbcs.dll/article?AID=/20061215/BUSINESS/612150365/0/NEWS0110 (broken link)
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