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holy cow did you see Ft. Myers - 50%??!!? In the LAST YEAR??? Can that be right?
It is right. I don't think people understand the magnitude of how out-of-control things have gotten until you see a number like that staring back at you.
When people say "NJ isn't Florida" I say, that's right ... NJ maybe won't see a 50% decline in one year. We'll be lucky and only be hit with a 25% decline in one year.
It is right. I don't think people understand the magnitude of how out-of-control things have gotten until you see a number like that staring back at you.
When people say "NJ isn't Florida" I say, that's right ... NJ maybe won't see a 50% decline in one year. We'll be lucky and only be hit with a 25% decline in one year.
Then WTF is Ft. Myers down from peak if 50% is in 2008 ALONE?!? I have to say, I do feel for those who bought within their means, but need to move due to job relocation, etc.
OK now that you made some profit and think all is well, tell us, would you buy something else?
That's a good question! And in this case, no, we're not buying anything because there is no reason to. This sale is part of an estate in the family.
And about the Fort Myers stuff, yes, those houses are being sold for less than what it cost to build them--in some cases the prices are down 75 yo 80 percent. Those properties were the definition of real estate speculation--tract housing built overnight, trading furiously over the course of a couple of years. My stupid ex- plumber owns three of them. What a moron.
Hummm..sounds like it's time for us NJians who plan on retiring down to Fla. to buy our retirement homes now
LOL what do you think caused the FL bubble in the first place? All those bubble sellers cashed out and headed south, and just bought into another bubble ...
No, people were speculating and buying multiple properties because they thought they couldn't lose, like my stupid ex-plumber who bought three houses in Cape Coral (a suburb of Ft. Meyers).
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