Quote:
Originally Posted by Bilyclub
Yes, and your are way East of Buena Vista.  |
Quote:
Originally Posted by Boomer
I hope anyone who was getting geared up to go back home anyway, especially if they owned a house where they came from, made the decision to get while the gettin’ was good.
Sellers have been sitting in the catbird seat for well over a year. This real estate market has had a bigger emotional component than I have ever seen. Yes, money was cheap, but unlike the last bubble, lending practices have been tightened. This one has been an emotional frenzy.
Something else is going on in this one like never before. Big companies are buying up a slew of houses throughout the country, for cash. They are not just flippers. They are tapping into the rental market. First time buyers have been left out because of that bottomless pit of big company money, doing buy-ups. Rent can be exorbitant, making it much harder to save for a downpayment.
In some places, suburbs are building apartments like crazy, often coupling them with some kind of “Lifestyle” pitch. It’s like younger people are supposed to just give up and live in a rental forever.
What a mess this weird-azz real estate market is, was, and will be.
Enough ranting from me.
Boomer
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You make some good points.
But I also think the Florida market, especially the over 55 communities, is driven mostly by the boomers. We're a huge generation, many are retiring and wanting to move to warmer climates.
That's not going to slow down anytime soon. Add to that more people than ever are retiring early.
I do think the market will cool of some due to interest rates, and it may be happening already. Plus, the stock market may delay some people making the move.
That said, I think the market here will be fairly strong for a while. Just not red hot like it's been. Home prices can't go up forever.