[tallrick]

Originally Posted by kort677

could the reason be that the area you mentioned is not a desirable area anymore? between taxes, insurance, crime, and it becoming like a 3d world country, many people just aren't considering it as a place to live. Granted the RE market is weak, but coupled with all the other problems, the area is weaker than most

A person would have to be a complete idiot or unbelievable naive to consider south Florida. It is one of the worst places in North America, economically. To live here you must have been here before the bubble, or come in with a torrent of cash to keep you afloat. Otherwise your standard of living will suffer and you will be going nowhere fast. The two happiest days for a Miami resident is they day they move in and the day they leave. It's like owning a boat! Oh I forgot, Team Metro will make that difficult as well.

[Jammie]

Originally Posted by kort677

could the reason be that the area you mentioned is not a desirable area anymore? between taxes, insurance, crime, and it becoming like a 3d world country, many people just aren't considering it as a place to live. Granted the RE market is weak, but coupled with all the other problems, the area is weaker than most

I think you may have hit the nail right on the head with that one.

[121804]

Originally Posted by kort677

becoming like a 3d world country

Have you ever lived in a 3rd world country?

[doggiebus]

Forbes put out their list of Most Over Priced Real Estate Markets.

1. San Diego, California
2. Miami, Florida
3. Sacramento, California
4. San Francisco, California
5. Washington, D.C.
6. Honolulu, Hawaii
7. New York, New York
8. Los Angeles, California
9. Boston, Massachusetts
10. San Jose, California

If you would like to see how they figured this try this link:http://promo.realestate.yahoo.com/Am...e_Markets.html (broken link)

For a little more info try this link:
http://www.forbes.com/forbeslife/200...l?thisSpeed=15 000

[kort677]

Originally Posted by 121804

Have you ever lived in a 3rd world country?

lived, no, been to many, yes and the Miami area is devolving into a 3rd world like area. Just like Panama or Costa Rica Miami has some super premium areas but they are dwarfed by areas that are absolutely terrible. There some very wealthy people in places like Costa Rica, but who likes living in walled compounds and traveling about with guards armed with AK47s?

[121804]

Originally Posted by doggiebus

Forbes put out their list of Most Over Priced Real Estate Markets.

1. San Diego, California
2. Miami, Florida
3. Sacramento, California
4. San Francisco, California
5. Washington, D.C.
6. Honolulu, Hawaii
7. New York, New York
8. Los Angeles, California
9. Boston, Massachusetts
10. San Jose, California

If you would like to see how they figured this try this link:http://promo.realestate.yahoo.com/Am...e_Markets.html (broken link)

For a little more info try this link:
http://www.forbes.com/forbeslife/200...l?thisSpeed=15 000

Nothing new. These cities have been the same cities for years in cost of living, real estate & a wide variety of other things. Not surprising.

[121804]

Originally Posted by kort677

lived, no, been to many, yes and the Miami area is devolving into a 3rd world like area. Just like Panama or Costa Rica Miami has some super premium areas but they are dwarfed by areas that are absolutely terrible. There some very wealthy people in places like Costa Rica, but who likes living in walled compounds and traveling about with guards armed with AK47s?

Ya got to live in one Try it out. There is this place in Iraq called Musshada. Real estate is pretty cheap over there though gotta say the IEDs sorta put a damper on the pool parties... I know what you are saying. I was just wondering. Not trying to instigate. At least you've been to one & therefore have validity to your comment.

[House4Sale]

No. It's really that GOOD here. I wish we were wooed with all these great deals when we bought!! We just kept paying more and more. No one gave us free anything. Take up on the great deals and be thankful for eventually they will dry up esp. when all those folks who left the state find the grass is more dried up on the other side and return.

I'm hearing all kinds of nightmare stories about life in the Carolinas etc. Seems roadway, infrastructure etc. is not keeping up with the out of control growth. Grab these deals before many move back and prices rise again like they did during the last housing boom.

[doggiebus]

Originally Posted by 121804

Nothing new. These cities have been the same cities for years in cost of living, real estate & a wide variety of other things. Not surprising.

I have never seen Miami on the list before! You are not surprised that Miami is higher on teh list than NYC or San Fran, wow.

[Hondax]

My Real Estate agent said that for every person leaving Florida there are 6 moving down. He further stated that two years ago the ratio was 1:9, before the Hurricane onslaught and end of the price escalation. This seems to explain the 26,000-ish homes in PBC up for sale.

Based on some of the comments here, Florida must be filled with some very unhappy people. I just can't believe that to be true because that also would mean a lot of dummies out there that hadn't done their homework. People I know are smarter than that.

Ex-Upstate NY'er