[phonelady61]

I lost my home and my job down there when the housing bubble hit us and we had to move out of florida . I'm looking to retire there and the cost of homes are quite high there to me . I might end up in a mobile home because I want to pay cash for the home . I wont be retiring for another 10 yrs but I will be selling my home up here in s Carolina and will be making trips down to look at homes . I just see a bunch of what I could pay cash for are dung holes or are in a crappy side of town . I notice there are also a lot of foreclosures and short sales which leads me to believe that florida has not recovered from the housing bubble . do any of you think it will be fully recovered in ten years ? I also noticed that the high speed rail looks like it is going in ? is that true ?

[LKJ1988]

It's already come back to pre 2005 levels for many areas as home prices are going way up. My area saw the biggest hit and home prices dropped to around 20k from 140k in 2005. My area will never come back to 2005 prices.

[gypsychic]

I think it depends on where in Florida you look Where I am (Sarasota/Bradenton) it is booming like crazy and prices are almost up to boom level, although slowing down now. Most coastal and larger cities will be this way.

If you don't mind inland or more rural, prices should always be more reasonable. Of course you say you aren't ready for 10 years, and a lot can happen in that time.

[dothetwist]

Pinellas is booming as well. In my little town (Gulfport) houses in the historic district do not stay on the market very long. I have been offered 100K more than I paid for our place in early 2014. But not interested in selling. Have to wonder if it isn't a new bubble.

[StreetSmarts]

It's already back. Just waiting for it to stop as it will have to come down. Prices are too high again.

[macrodome2]

Originally Posted by StreetSmarts

It's already back. Just waiting for it to stop as it will have to come down. Prices are too high again.

+1 We are in Venice and prices have gone up quite a bit since we bought in 2103. You might want to check out the job market first. If you can't get a job paying a decent amount, you'll be overspending if you buy and paying too much if you rent.

[StreetSmarts]

I think ppl are overpaying in FL, period.

[Roscoe Conkling]

Originally Posted by StreetSmarts

I think ppl are overpaying in FL, period.

There's a difference between prices reflecting supply and demand and speculators fuelling a bubble.
I'd say the market is pretty healthy at the moment reflecting America's economic improvement as well as more buyers willing to pay what they consider to be realistic prices.
Those of us who picked up bargains at the bottom of the crash are looking at some very sound investments.
Buy when everyone else is selling and sell when everyone else is buying is the key.
Happy days.

[Restrain]

Market is sound. We are not 2005-6 levels, but the prices were grossly inflated at that time. Now, prices are similar to other states (Texas for example).

[BNBR]

Around me, you can get a nice mobile home, in a very nice community, for $35k. I think about $750 - $800/mo lot rent after that.