[Shores9]

Originally Posted by Muggy

It is simply this: is Florida housing in line with fundamentals? I say no. If I'm "priced out forever" then so be it.

People have been cheerleading real estate like crazy... 2 Years there where still a few rungs left in the ponzi scheme to climb, but my feet have been on the ground the whole time; I've nowhere to fall.

I never said now is a good time and if you want straight forward:

Muggy I don’t think foreclosures are a good indicator. If you [and the creation of this thread] are truly interested in determining weather or not you are priced out of the market as you said in an earlier post then my suggestion is to look at q1–q2 2005 prices. That’s where the market really got carried away with itself and is likely to return (if that).

If you did get in 2 years ago you too would be cheering!!

No disrespect but if you couldn’t afford it then I think it’s too late. We’re not going back to 02, 03 or 04 prices. It isn’t happening While your bubble sitting and foreclosure stalking the market is subtly correcting.

[Muggy]

Originally Posted by Shores9

Muggy I don’t think foreclosures are a good indicator.

How do you know? You can't even tell me how to calculate them!

Originally Posted by Shores9

it’s not that simple although it’s a great headline to fixate on

[MrTudo]

We’re not going back to 02, 03 or 04 prices. It isn’t happening QUOTE]

REALLY! Then I agree with that as I believe we might see a retracement to 2001 prices unless that surrender to the 40 year term happens quicker.

[Shores9]

Originally Posted by Muggy

I don't understand why a professional like you can't give me simple parameters to work with. You may pick the county and timeframe and tell me whether or not foreclosures are up. Sound good?

If you can't think of a county or timeframe, I'd be happy to suggest a few that we are both familiar with.

If you were my agent (and you offered to be mine, so I guess this is my official decline), I'd be frustrated that you have been intentionally vague about answering this question. Home prices are up, right? So why can't you give me a straight forward answer like that?

If saying, "Now is a good time to buy!" comes easily for you, why is it so hard for you to calculate foreclosures? I'd figure for a real estate professional it would be "that simple." I'll believe you over the St. Pete Times anyday... as soon as you give me one simple answer.

DataQuick which has been tracking foreclosures since 1992 says that California foreclosures, for example, peaked in Q1 1996 at 59,897. In Q1 2006 there were 18,668, less than 1/3 of the peak

Can you believe that or are you in the worst position of all DENIAL

[Muggy]

Originally Posted by Shores9

DataQuick which has been tracking foreclosures since 1992 says that California foreclosures...

California... Thanks for looking into that. This is the Florida board, however.

[Shores9]

Originally Posted by Muggy

How do you know? You can't even tell me how to calculate them!

Thats the problem no one is tracking economic or real estate boom related related foreclosures The stat is NOT available GET IT And this is the exact reason why using the headline number is not reliable.

[Shores9]

Originally Posted by Muggy

You may pick the county and timeframe and tell me whether or not foreclosures are up. Sound good?

I guess you're in denial

[Shores9]

Originally Posted by Muggy

.

If you were my agent (and you offered to be mine, so I guess this is my official decline),

So now you want to renege on our friendly wager – that’s OK from what you say you’re not “Priced In” anyway and won’t need one

[Muggy]

Originally Posted by Shores9

I guess you're in denial

Foreclosures up - CHECK
Volume Down (correction: fell of a cliff) - CHECK
Prices Stagnant - CHECK
Auctions increasing - CHECK
Record # of exotic Loans - CHECK
Citizens clients increase (last resort) - CHECK
Insurance increases - CHECK
Save our Homes Disparities - CHECK
Taxes squeezing people - CHECK
School enrollment off - CHECK
Appraisal Fraud - CHECK
Closing Fraud - CHECK
FBI Investigations into lending - CHECK
State Investigations into lending - CHECK

[firemed]

Originally Posted by Shores9

I never said now is a good time and if you want straight forward:

Muggy I don’t think foreclosures are a good indicator. If you [and the creation of this thread] are truly interested in determining weather or not you are priced out of the market as you said in an earlier post then my suggestion is to look at q1–q2 2005 prices. That’s where the market really got carried away with itself and is likely to return (if that).

If you did get in 2 years ago you too would be cheering!!

No disrespect but if you couldn’t afford it then I think it’s too late. We’re not going back to 02, 03 or 04 prices. It isn’t happening While your bubble sitting and foreclosure stalking the market is subtly correcting.

I have been here all my life. I bought my land in parts. I started in 1981 and just bought more as the price dropped. I started with 2 acres and ended with 28. anyone in florida can tell you land was cheap. I sold off alot of land last year and some lots I had also. Its was for me the time to sell. now most of the land I sold is for sale for alot less then I sold it for. 1 large area is in foreclosure. The poor guy planned on flipping it but his timing was off just a few months. My grandfather bought his farmland in the 40s but in the 20s the price was 250% higher. The Market will change over and over. Beachfront will hold the best. but there is tons of land in florida and waterfront(not beachfront) is easy to make just dig a hole. I have friends that have sold fill dirt at very high prices. Then sold the land as lakefront. So don't think this is like NY. Fly over the area and look down.