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Old 01-07-2007, 11:23 AM
 
2,141 posts, read 6,340,034 times
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Florida's housing market has been so weak that some economists fear it will drag down the rest of the economy. The Federal Reserve Bank of Atlanta predicted moderate growth in the Southeast this year, dragged down in part by Florida's anemic housing market.
Moderator cut: Provide a link instead of copying everything here, please

Last edited by Marka; 12-07-2007 at 10:57 AM..
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Old 01-07-2007, 11:48 AM
 
713 posts, read 2,424,577 times
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Default These past two weeks, two TV economists...

said a serious home buyer should not "play" housing market like "playing" stock market. If a buyer sees a home they love, they should not try to figure the trend but should buy it as corrections are brewing and they may lose the home of their dreams if they wait. They said prices are SO attractive NOW, that it would be unwise to risk losing that house by waiting. Prices are great now and now's the time to buy. Just repeating what I heard last two weeks on TV. Ta, da.

When you think about it, the media takes a large share of the blame or kudos with our economy. They sound alarm, everyone's scared off. When they trumpet success, everyone's happily living, investing or buying. Sometimes the media is our worst enemy.
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Old 01-07-2007, 11:51 AM
 
Location: WPB, FL. Dreaming of Oil city, PA
2,909 posts, read 12,974,224 times
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I feel prices will be dropping alot lower. I wont be sticking around because of the hurricanes
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Old 01-07-2007, 11:54 AM
 
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Sometimes the media is our worst enemy. But greed and ignorance is always our worst enemy.
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Old 01-07-2007, 12:06 PM
 
Location: on an island
13,382 posts, read 40,856,289 times
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Quote:
Originally Posted by firemed View Post
Sometimes the media is our worst enemy. But greed and ignorance is always our worst enemy.
Boy is that ever the truth.
We go back and forth about buying. We've looked. We're still in a rather iffy position. I am just so sick of renting. I think we'll have a better idea in a couple months.
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Old 01-07-2007, 12:11 PM
 
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I wonder how long these low prices will last for. I'm going to be moving in June, I wonder if they will stick around until then. Lets hope so
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Old 01-07-2007, 12:24 PM
 
2,141 posts, read 6,340,034 times
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Quote:
Originally Posted by leepoffaith View Post
I wonder how long these low prices will last for. I'm going to be moving in June, I wonder if they will stick around until then. Lets hope so
There is a true 2 year supply of homes out there right now and thats not counting the developments not completed. unless the sales people can show a true sense of urgency ( and boy have they been trying ) I don't see it changing to a gain anytime soon. Now keep in mind if a big storms hits off bets are off.
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Old 01-07-2007, 12:32 PM
 
944 posts, read 3,532,349 times
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Quote:
Originally Posted by firemed View Post
unless the sales people can show a true sense of urgency
Is this too urgent?

http://i117.photobucket.com/albums/o72/muggyFL/Karma.jpg (broken link)

It appears to be a good time... to... wait.
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Old 01-07-2007, 12:39 PM
 
944 posts, read 3,532,349 times
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Quote:
Originally Posted by leepoffaith View Post
I wonder if they will stick around until then.
It ain't the prices leavin' town:

http://i117.photobucket.com/albums/o72/muggyFL/Karma2.jpg (broken link)
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Old 01-07-2007, 12:39 PM
 
Location: So. Dak.
13,495 posts, read 34,011,046 times
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The articles I've seen have said that 2007 will be a year for housing to keep spiraling downward. Also, Donald Trump was on a talk show the other night and was asked if it's a good time to buy in Florida. (They were on the topic of his fancy condos in Hollywood (?) Fla.) His answer was, "Not just yet." It doesn't matter what our opinion personally is of Donald Trump, but he definitely would know when the time is right to buy and sale since he's one of the richest people on earth.

We have also been keeping an eye on the housing markets in a few of the cities in Fla. There is beginning to be quite a build up of real estate in most areas and an unusual amount of foreclosures.
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