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Old 07-27-2014, 05:48 PM
 
Location: Wake County, NC
2,983 posts, read 4,623,481 times
Reputation: 3529

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Quote:
Originally Posted by PriusH8r View Post
Yes, we all have noticed that. That is why I found it odd. I would think that having moved to a new area, you would be more interested in starting threads in your new locale, rather than starting endless negative threads about the place you did not like and left. But then again.........
Yes, I guess I'm odd that way.

Now run along if you don't have anything else to contribute to my thread.
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Old 07-27-2014, 05:50 PM
 
Location: FLORIDA
8,963 posts, read 8,919,924 times
Reputation: 3462
Quote:
Originally Posted by Spring Hillian View Post
Yeah, I know what you mean. There is a house in winter park. sold for 234k in 2005.
Today its for sale at $150k. The buyer was thinking "flip" but got screwed.
People who were settled here already owned homes.
Exactly. Multiply that by tens of thousands of times. Creates a mess, and that is why FL is the riskiest state to buy in, as I'm seeing investors buying lots of properties and living up north and renting them out or hoping to flip em quickly. Dont be shocked if a bust comes again in 2-3 yrs.
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Old 07-27-2014, 06:19 PM
 
Location: North of South, South of North
8,704 posts, read 10,901,046 times
Reputation: 5150
Quote:
Originally Posted by Not_liking_FL View Post
Yes, I guess I'm odd that way.

Now run along if you don't have anything else to contribute to my thread.
Well at least you are honest about it.

No problem. I will catch you in your next negative Florida thread, which should be along anytime now.
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Old 07-27-2014, 06:25 PM
 
3,330 posts, read 2,138,222 times
Reputation: 5162
Quote:
Originally Posted by Spring Hillian View Post
Yeah, I know what you mean. There is a house in winter park. sold for 234k in 2005.
Today its for sale at $150k.
Sounds like one of my uncle's investment properties, only he wasn't on the losing end. The most recent home he bought (in Winter Garden) was originally built & sold for $330k in 2006. He purchased it in 2011 for $135k and there was absolutely nothing wrong with it. He added only a fence and some new fixtures and has been renting it out for about $22k annually since then.
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Old 07-28-2014, 05:42 AM
 
199 posts, read 528,480 times
Reputation: 345
I say BS, predicting home prices is like determining market high's. I bought a house for 25% of what it cost to build, in Florida, how beat up can I get?
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Old 07-28-2014, 06:55 AM
 
Location: Spring Hill Florida
12,135 posts, read 16,128,302 times
Reputation: 6086
Quote:
Originally Posted by ComSense View Post
Exactly. Multiply that by tens of thousands of times. Creates a mess, and that is why FL is the riskiest state to buy in, as I'm seeing investors buying lots of properties and living up north and renting them out or hoping to flip em quickly. Dont be shocked if a bust comes again in 2-3 yrs.
we will need a boom before a bust.
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Old 07-28-2014, 06:58 AM
 
Location: Spring Hill Florida
12,135 posts, read 16,128,302 times
Reputation: 6086
Quote:
Originally Posted by PriusH8r View Post
Yes, we all have noticed that. That is why I found it odd. I would think that having moved to a new area, you would be more interested in starting threads in your new locale, rather than starting endless negative threads about the place you did not like and left. But then again.........
some people just like to stir the pot. they know their posts are not taken well by people.
That is their entire purpose in life.

Last edited by Sunscape; 07-28-2014 at 06:27 PM..
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Old 07-28-2014, 08:35 AM
 
1,748 posts, read 2,176,629 times
Reputation: 1092
Quote:
Originally Posted by Spring Hillian View Post
some people just like to stir the pot. they know their posts are not taken well by people.
That is their entire purpose in life. Being a huge a-hole.
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Old 07-28-2014, 08:50 AM
 
Location: Wake County, NC
2,983 posts, read 4,623,481 times
Reputation: 3529
Quote:
Originally Posted by lynxville View Post
I say BS, predicting home prices is like determining market high's. I bought a house for 25% of what it cost to build, in Florida, how beat up can I get?
During the recession some people were taking a much larger hit than 25%. I think that the next bust will not be nearly as bad as the last because lenders are not handing out subprime loans anymore. I also think folks who are going to stay in their homes for a long time will not be affected unless they're forced to sell during a bust for whatever reason.
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Old 07-28-2014, 10:54 AM
 
Location: SW Florida
14,949 posts, read 12,147,503 times
Reputation: 24822
Quote:
Originally Posted by PriusH8r View Post
Yes, we all have noticed that. That is why I found it odd. I would think that having moved to a new area, you would be more interested in starting threads in your new locale, rather than starting endless negative threads about the place you did not like and left. But then again.........
Nothing better to do, perhaps? And, the mindset of "if you can't say something nasty, don't say anything at all?
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