[INeedAChange]

Will the growing real estate slump make residents of SW Florida even edgier and grumpier than they are now? Or is that even possible?

[tallrick]

I think that a continued slump will make some people happier. Perhaps when people can actually AFFORD a house they will not see their work as a waste of time.

[macguy]

Originally Posted by INeedAChange

Will the growing real estate slump make residents of SW Florida even edgier and grumpier than they are now? Or is that even possible?

I would think not at all. I believe the last number I read only 46% were even home owners and of that percent only a small percent are involved in this problem. I would say the majority who are looking into getting into a house look forward to the prices dropping. As bad as things seem, it really only effects a very small number of people. Most just go about their day to day lives and all this real estate stuff is just a news story to them as they head off to work or the golf course.

[INeedAChange]

must be nice

Originally Posted by macguy

Most just go about their day to day lives and all this real estate stuff is just a news story to them as they head off to work or the golf course.

[macguy]

Originally Posted by INeedAChange

must be nice

What? Not everybody were idiots and got themselves in debt or borrowed money on paid off houses because they could. Not everybody got crazy loans when more conventional loans were available and yes, the number of people this actually effects is very small. The rest will benefit from the correction to normalcy. I am sorry if I don't have a lot of sympathy, it is for the best.

[INeedAChange]

I don't have much sympathy either--I think the only people who should get the Bush bailout are those if it can be proved they were tricked in some way by the lenders.

Originally Posted by macguy

What? Not everybody were idiots and got themselves in debt or borrowed money on paid off houses because they could. Not everybody got crazy loans when more conventional loans were available and yes, the number of people this actually effects is very small. The rest will benefit from the correction to normalcy. I am sorry if I don't have a lot of sympathy, it is for the best.

[Chromedome]

back to square one.

[waiting]

I'll admit I'm grumpy.
I believe it was the May issue of Money magazine said the Sarasota
market would get strong again in 2008.
Aside from a transfer for work or a hardship, I truly find these people
selling and whining about it, truly annoying.
They remind me of drivers that only think of themselves on the road.
Cutting in front without enough room to do so, for instance.
Yes, sellers that don't have to sell are incrediably annoying and that's
making me grumpy.

[DanBev]

I agree with everyone,if you can't afford it,don't buy.Gimmick's will lead to disaster.No sympathy here.Now you pay the price.

[121804]

No, I don't think so. I just think people are that way here b/c they can be. The RVers will be done here in a few months thinking they own the place & the snowbirders will be down here in a few months glaring at everyone who speaks above a whisper or isn't from NYC. The poor souls who live here full time will just keep on existing.

It appears that it is the big builders here in SW FL & their investors who are getting nailed right now.

As for individuals, well, I say the rest as the same as you. Did these people do a budget? Did these people do a budget away from a mortgage lender & realtor? Did these people do a real budget that counted every last penny "just in case" the crap hits the fan?

How many knew they probably couldn't afford the home but, hey, let's just get it anyway, it's brand new, & has stainless steel appliances & has lots of square footage!!!!!! Instant gratification regardless of what the consequence could be.

Then, there are the true people who are suffering for reasons they could not necessarily control, though I think this is a very small number.

Yes, it is a mess in SW FL right now if one lives here full time. And it is sad to see.