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Old 07-04-2013, 01:13 PM
 
4,715 posts, read 10,492,459 times
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tallrick - Bubble is just starting, it has a ways to go up, before it comes crashing down. Still not a lot of normal homes on the market right now. It will take a few years to figure out who is right. Insurance issues may cause a bigger burst than the real estate market alone. That is the unknown, 800 lb gorilla in the room. Just my humble opinion. (I respect yours as well)

I agree 100% with Everything else - especially Bale002 and chelito's advice.

Crime rates - Crime Mapping - Building Safer Communities! - just make sure the area you are looking at reports to the site.
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Old 07-04-2013, 11:12 PM
 
Location: Heartland Florida
9,324 posts, read 26,700,159 times
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As long as the working man's home is more than 3 times his family income it is a bubble. The Fed did not let the last bubble burst so we were already in a bubble when this bubble started inflating again in 2011. QE is the only reason prices did not fall to fundamentals. Now China is facing another crisis, Brazil has had protests and the middle east is a mess. Bernanke can pump and pump but eventually it will collapse either from inflation or deflation. Inflation pushes up mortgage rates and deflation strengthens the dollar, crushing real estate bubbles. Real estate will fall in price, you can count on it. Timing is the hard part to figure out.
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Old 07-05-2013, 09:30 AM
 
5,187 posts, read 6,922,410 times
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Duz ya got enuff dough to put down to hang here in Miami town.
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Old 07-05-2013, 02:20 PM
 
823 posts, read 1,121,887 times
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Make sure you consider the condition of the AC system. It runs pretty much 365 days a year down here. It may look in good shape, but the amount of hours running takes it's toll. I bought my house back in September and I just had to replace a failed AC unit. I figured if I had to do it, I might as well spend extra for the best, so I forked over $7K for a top of the line Trane.
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