Sarasota is the 6th most overvalued housing market in FL (house prices, transfer)

[beach43ofus]

Originally Posted by Trying941

Neal raised the Kiawah at Grand Park and Windward today too. 30k and 25k respectively in two weeks. That continues the $2,000 a day increases.

Grand Park is now 789990, up from 694990 to start the year.
Windward is now 832990, up from 717900 to start the year.

This cannot end well can it?

[MOforthewin]

Originally Posted by beach43ofus

This cannot end well can it?

You better hurry and buy!!!!!!!!

[Trying941]

Originally Posted by beach43ofus

This cannot end well can it?

I agree with you. A 29% increase in one year could be explained as compared to a national average of about 20%. There are reasons people are moving to the west coast of Florida that justified a bump. I did not see a bubble.

However, I see little underlying support for 15% increases in new home prices in two months of 2022. I get that there is no supply. I get that builders are getting qualified purchasers at these prices, unlike during the last bubble. So, I don’t see a bubble bursting because of mortgage defaults. However, these prices are now seeming to be excessive. I doubt this can continue at this rate unless inflation starts to hit double digits. And, I hate to say it, but it might.

[beach43ofus]

Originally Posted by Trying941

I agree with you. A 29% increase in one year could be explained as compared to a national average of about 20%. There are reasons people are moving to the west coast of Florida that justified a bump. I did not see a bubble.

However, I see little underlying support for 15% increases in new home prices in two months of 2022. I get that there is no supply. I get that builders are getting qualified purchasers at these prices, unlike during the last bubble. So, I don’t see a bubble bursting because of mortgage defaults. However, these prices are now seeming to be excessive. I doubt this can continue at this rate unless inflation starts to hit double digits. And, I hate to say it, but it might.

Florida inflation is 9.6% according to the last fed regional report.

[Trying941]

Originally Posted by beach43ofus

Florida inflation is 9.6% according to the last fed regional report.

The price of a fish dinner in a local restaurant went from $18 to $21 in two months. So, that inflation rate seems right or even conservative.

Good article on regional market here: https://www.heraldtribune.com/story/...nt/6896575001/

[Jensen440]

Originally Posted by Trying941

The price of a fish dinner in a local restaurant went from $18 to $21 in two months. So, that inflation rate seems right or even conservative.

Good article on regional market here: https://www.heraldtribune.com/story/...nt/6896575001/

How much were your alcohol drinks since last time?...that will tell us a lot

[Trying941]

Originally Posted by Jensen440

How much were your alcohol drinks since last time?...that will tell us a lot

Dont know if prices changed.

[AaronDavidSchultz]

I know, it's tough stayin on the wagon lol

[AaronDavidSchultz]

Neal...? lol...stupid pricings


It's been a SELLERS market for a while....duh...sell it, take da money, always sell on the upside..it's an artificial run-up, and Stevie Wonder could see this a while back, but now, i.e. right NOW it's more than a SELLERs market, it's a SUCKAs market.......of course, in my sole OPINION.


You wanna chase this market? you gotta be a big fat fool.



SELL it...or if you must, go ahead...load the wagon!, buy 2 houses! buy 3 condos! it's only money.


A BIGGER fool, would a sucka buyer paying CASH.


Unbelievable....but whuteva, but for me, I've never seen a better short.

[Trying941]

Originally Posted by AaronDavidSchultz

I know, it's tough stayin on the wagon lol

You accused me of being an alcoholic using your alter ego Jensen440 the post immediately before this post. It was a terms of use violation. I ignored you.

You have just accused me of being a drunkard in this post using your Schultz nom de plume. This too is a terms of use violation.

Seems you forgot which phony identity you were using. That is too funny to not point out to the mods and regular users of this forum.

As to allegations of my purported excessive drinking, perhaps the pot is calling the kettle black?

That could explain the rambling nature of your posts and forgetting which phony identity you were using.

(Note to readers, the poster with multiple personalities is upset with me because he told people to sell their homes immediately, contrary to my opinion in posts, when the market was 35% lower. He was embarrassingly wrong then. So he has become insulting and strident.)