Quote from AAAintheBeltway:
Having just spent some time in Florida, I can say that every other house there is for sale. There was literally an article every day in the local, ie Sarasota, paper announcing that real estate prices had stabilized. Of course, i recall the same articles from two, six and twelve months ago.
Florida is not for everybody and there are a lot of differences within the state. Orlando, Tallahassee, Tampa, Boca, Naples, Miami, Keys, offer totally different environments. Still, it is a great place with a lot to do, a nice lifestyle, plenty of friendly people and affordable prices. Prices definitely are going lower, in my opinion.
The main question I have is whether real estate kind of gradually bottoms out perhaps this year or if there is a total washout with lots of bankruptcies, auctions, etc.
Big difference my freind:
About 900 people a day move to Florida...most from the North East, most will be buying homes
ABout 900 people a day Invade Cali...most are from mexico....most will be mowing lawns and joining gangs