[Not_liking_FL]

Originally Posted by ComSense

A lot of it is investors. Slow steady growth is what we need. But FL's very up and down.

I'm sure investors do have a lot to do with Florida's boom and bust cycles.

[Restrain]

I have met a lot of people who have moved here this year from somewhere else. Yes investors are buying up properties at the lower costs, but there area lot of people relocating to Florida. And if the prognosticators regarding the winter are right, we will see another surge this winter and spring.

[Spring Hillian]

Originally Posted by Not_liking_FL

Right, we know. I think it was just the other day you dismissed another members data for using the Sentinel. It's ok to use it as a source as long as you're trying to make a point in your favor.

OK OK - here is another source

Up to date changes & challenges in the real estate market | Quality Property Partners - News

There is always a risk no matter what you buy. Stocks and mutual funds can wipe out an investment in a market upset.

The new car you bought could be hit with a recall next month.

The airplane you are flying in could crash.

If you put 85 cents in a vending machine it could malfunction and you will loose your money.

Life is full of risks. Those who take advantage of risky situations usually do much better than those who play it safe.

[Spring Hillian]

Originally Posted by Restrain

I have met a lot of people who have moved here this year from somewhere else. Yes investors are buying up properties at the lower costs, but there area lot of people relocating to Florida. And if the prognosticators regarding the winter are right, we will see another surge this winter and spring.

That is the way it could go. Supply and demand.

[StreetSmarts]

Originally Posted by Not_liking_FL

I'm sure investors do have a lot to do with Florida's boom and bust cycles.

Oh yea, definitely.

[OpinionInOcala]

Unless something extreme happens in the economy, prepare for more artificial property value increases. Plenty of local pockets already developing.

For the time being however, it seems that sub-prime car loans are the predatory flavor du jour.

[Tamatem]

I really don't drill down into RE stuff too much, but I do pay attention to my neighborhood. I bought what was considered "high" for our neighborhood in 2011 @ $137/sq ft. In the last few months several here have sold for anywhere between $146-$170/sq ft. Just seems a bit high, although inventory is pretty low here, and houses don't often sit on the market very long. Still seems a bit out of whack.

[d4g4m]

Good times, bad times, boom and bust, housing bubble, housing bust, high interest rates, low interest rates. None of it matters. Florida has had a net 900,000 new residents every year for many years. Thirty years ago, Sarasota County had 120,000 residents. Today there are 450,000

[The Villages Guy]

I am not sure I buy what they are selling. I think the highest risk states will always be the ones where people are moving to in droves, like Florida. So I don't think NY and NJ should be on the list.

That said, people are moving to Florida and I suspect we will see a big surge in that after the upcoming winter. Having surges in buyers puts the market at risk, as at some point there is always another reduction in the amount of buyers. Markets which have fewer changes in population tend to stay more flat, thus less risk.

So I would say this latest attempt to draw negative attention to a state which the OP no longer lives in gets a big YAWN.

[Not_liking_FL]

Originally Posted by PriusH8r

I am not sure I buy what they are selling. I think the highest risk states will always be the ones where people are moving to in droves, like Florida. So I don't think NY and NJ should be on the list.

That said, people are moving to Florida and I suspect we will see a big surge in that after the upcoming winter. Having surges in buyers puts the market at risk, as at some point there is always another reduction in the amount of buyers. Markets which have fewer changes in population tend to stay more flat, thus less risk.

So I would say this latest attempt to draw negative attention to a state which the OP no longer lives in gets a big YAWN.

Lol, I'd say you and Siri have been very busy tonight in the Chicago forums. Have fun with that.