[kwflconch]

Do you guys think Florida's growth will return the boom we experienced back from 2000-2005? what about school enrollment, do you think it'll stay stable, decline, or eventually boom again? I think all the growth will stay stable for several years and then eventually start booming again.

[thebigr]

I hope it booms again. I have some swamp land I want to sell.

[121804]

Originally Posted by kwflconch

Do you guys think Florida's growth will return the boom we experienced back from 2000-2005?

Has it been worth it?

[MrTudo]

Yes, absolutely.

[Retiredcoach]

Originally Posted by kwflconch

Do you guys think Florida's growth will return the boom we experienced back from 2000-2005? what about school enrollment, do you think it'll stay stable, decline, or eventually boom again? I think all the growth will stay stable for several years and then eventually start booming again.

I cannot imagine that the housing bust in Florida will end without serious market corrections. Those who bought property in Florida were looking at an "investment" 5 years ago. Money was cheap, the Florida economy was booming, jobs were plentiful, and hurricanes were an afterthought. Now, there is a complete reversal in opportunities in your beautiful state. There are so many issues, but the single most important is that Florida housing must be affordable to the residents. The earnings ratios of the state populace to housing prices (including HOI, taxes, maintenance, etc.) are so far out of whack that only a select few can afford to own homes. Look for a five year housing bust with a serious market adjustment (a considerable drop in prices), before any stability will return.

[compelled to reply]

Originally Posted by Retiredcoach

I cannot imagine that the housing bust in Florida will end without serious market corrections. Those who bought property in Florida were looking at an "investment" 5 years ago. Money was cheap, the Florida economy was booming, jobs were plentiful, and hurricanes were an afterthought. Now, there is a complete reversal in opportunities in your beautiful state. There are so many issues, but the single most important is that Florida housing must be affordable to the residents. The earnings ratios of the state populace to housing prices (including HOI, taxes, maintenance, etc.) are so far out of whack that only a select few can afford to own homes. Look for a five year housing bust with a serious market adjustment (a considerable drop in prices), before any stability will return.

We agree on something for once! I was just about to make a similar post.

[tallrick]

Originally Posted by 121804

Has it been worth it?

Absolutely, positively not! A real estate boom is always a bad thing. When real estate is expensive but wages stagnate, it is the sign of a weak economy.

[compelled to reply]

Originally Posted by tallrick

When real estate is expensive but wages stagnate, it is the sign of a weak economy.

I like to compare this effect to slowly swirling a bottle of coke, and watching the fizz form on top of the liquid and then settle down after a few minutes. You are only creating an illusion of more that quickly fizzles away.

[Retiredcoach]

Originally Posted by fort lauderdale

We agree on something for once! I was just about to make a similar post.

Maybe you are becoming wiser with age!!

[compelled to reply]

Originally Posted by Retiredcoach

Maybe you are becoming wiser with age!!

Well, I would be completely naive not to acknowledge the education and economic issues plaguing Florida. It's just that I see similar issues plaguing a lot of areas in this country...the future doesn't look any brighter or dimmer anywhere else...this is a truly negative statement, but it's true. Real estate markets tend to follow 6 months-1 year behind stock markets. Real estate is hitting the biggest bust since the "roaring twenties" nationwide, and in Florida the effect is even more pronounced, where Broward County lead the state in foreclosure rate with a 615 percent increase. The real estate market is like the fizz on top of the coke (being the stock market). And we all know what happens when the stock market crashes...