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I agree with Pennyd5 that a lot of Florida's problems were investors over reaching on home purchases hoping to make a bundle on re-sales. We just moved to Florida and have been driving around to learn our area. We notice that there are lots of homes for sale. We got a great deal on a new home in Punta Gorda because the builder was forced to reduce prices on existing new homes. It's a great time to buy down here. I believe this is a "correction" period on previously over priced properties. Once it levels out I would hope the housing market will rebound. However, I think the failing housing market is just one of the results of our over all poor economy. We are bombed every day with new stories about outsource Chinese products that are defective or not to our USA standards. When will these companies realize they are selling their souls to save production costs? I wonder how much it costs them on the recalls? Housing, here and in other states, (it's the same in Ohio) is just one economic problem. Look at the increase in food costs! Our automobile companies are also hurting. I just hope a new president, along with a cooperative congress will turn this country around. We are all suffering at all levels.
I agree with Pennyd5 that a lot of Florida's problems were investors over reaching on home purchases hoping to make a bundle on re-sales. We just moved to Florida and have been driving around to learn our area. We notice that there are lots of homes for sale. We got a great deal on a new home in Punta Gorda because the builder was forced to reduce prices on existing new homes. It's a great time to buy down here. I believe this is a "correction" period on previously over priced properties. Once it levels out I would hope the housing market will rebound. However, I think the failing housing market is just one of the results of our over all poor economy. We are bombed every day with new stories about outsource Chinese products that are defective or not to our USA standards. When will these companies realize they are selling their souls to save production costs? I wonder how much it costs them on the recalls? Housing, here and in other states, (it's the same in Ohio) is just one economic problem. Look at the increase in food costs! Our automobile companies are also hurting. I just hope a new president, along with a cooperative congress will turn this country around. We are all suffering at all levels.
The problem is as much or more us than the companies....we like cheap...we will buy Chinese because it's cheaper than an American company's product. We then turn around and blame the companies that do outsource to China....we need to take some personal responsibility on this.
Food costs? I don't know about that....we have an obesity epidemic in this country....being able to afford food does not appear to be an issue.
There are plenty of good, high paying jobs out there if you get an education....especially in the math or sciences. My Brother In Law tells me about the difficulty of finding tech guys to hire that aren't from India or China etc. with visas.
I'm not so sure what you think the Government's role in all this should be. Frankly, I like them staying out of the private economy as much as possible.
Mathguy,
It took them 19 months to sell the house. They put it on the market in Sep of Sep 05 and it finally sold April 07. So the market was already saturated. I'm surprised they sold it.
Ah, my bad, I misread your previous post.
Did you look into demand surge? Yeah, that seemed high for a roof but when there are only so many roofers and thousands of damaged roofs that's supply and demand for you.
Did they buy the house a long time ago and make a profit or was it a more recent thing and they just eeked out?
Under the current system, since I don't live on the beach I'm subsidizing those who can afford to live there.
I'd much rather my premiums help out those who have less than I have, than those who have more.
Absolutely. Governor Crist's solution is cheaper housing insurance for the highest risk (most coastal) properties....to be paid for later by everyone in the state in taxes, assessments etc.
He then blames the insurance companies for the whole mess, although the state has always set the rates and still does, like he is some sort of protector of the little guy. Ooooh thanks for saving us from those evil high property insurance costs Governor Crist.
Wow. This is going to end badly for Florida when the next hurricane hits.
Did you look into demand surge? Yeah, that seemed high for a roof but when there are only so many roofers and thousands of damaged roofs that's supply and demand for you.
Did they buy the house a long time ago and make a profit or was it a more recent thing and they just eeked out?
They bought it 10 years ago, I'm sure they made some money. Let's just say they SHOULD have been able to pay cash for the next house, but they didn't/couldn't. I just don't get involved in money issues with my mom. Neither does dad. Let's just say my sisters and I hope we don't have to pay off their bills. Yeah, I know about demand surge. But $17,000, I don't know. I think they were talked into everything. I'm betting it needed shingles, but not all new everything. My husband and brothers could have done it for materials and beer.
Florida is no longer an attractive place to retire with the increase in taxes and insurance always on the rise, among the other disasters in the atmosphere. Houses in my area sit for two years before they sell. I cannot wait to leave. They are many other places begging for retirees. Oh...and I can't forget the horribly corrupt politics influence my decision.
There are plenty of good, high paying jobs out there if you get an education....especially in the math or sciences. My Brother In Law tells me about the difficulty of finding tech guys to hire that aren't from India or China etc. with visas.
Many of my friends are the tech guys your BIL wants to hire - and only pay a $35,000 salary. And that's on the high end.
There are plenty of good, high paying jobs out there if you get an education....especially in the math or sciences. My Brother In Law tells me about the difficulty of finding tech guys to hire that aren't from India or China etc. with visas.
Many of my friends are the tech guys your BIL wants to hire - and only pay a $35,000 salary. And that's on the high end.
It seems we have different definitions of "tech jobs". Also, 35k for starting seems pretty darn good unless it's in a high COL area.
My buddy that's an engineer and works for sprint sure doesn't make 35k.
My college buddies that got degrees in finance, accounting and math at a public university have jobs that pay around 100k after 15 years of experience or so.
My sister had a REALLY hard time finding a Physical Therapist to work in her department...that spoke decent english....it appears that a lot of people go to school and then bail on that profession due to the amount of science required.
If it's EASY....it pays less....
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Yeah, I know about demand surge. But $17,000, I don't know. I think they were talked into everything. I'm betting it needed shingles, but not all new everything. My husband and brothers could have done it for materials and beer.
Leaving Florida
