[MIAMIwolf]

Hello ya'll!

I was wondering when would be a good time to buy a home in the keys. There is a myraid of reasons not to consider this proposition; ultra high taxes, having to buy wind or flood insurance from the state, expensive utilities, etc.

The average listing price of a home has been plummeting for quite some time now, by some estimates dropping by as much as 20% since late 2006. (Seems puny compared to a 150% increase since 2000) Also, homes sales come to a screeching hault during the summer and especially during hurricane season. It is a buyers market down there, but how much more will prices fall???

Thought I would throw this one out there...Takers??

[doggiebus]

An anaylist on a national news station said the bottom wouldn't be till next spring. But no one can tell you this for sure.

The best time to buy is when you get the price you want to spend on a property. If the value falls after you purchase, well keep the property because eventually it will go back up.

[tallrick]

We have a LONG way to go. Best to wait until the FED finally raises interest rates. Properties here are still valued for double what they are really worth. Another good time to buy is after a hard hurricane hit. The chance of one hitting is very, very small though.