Quote:
Originally Posted by Laker14
I fully expect that during the high season, this place will look like a ghost town. Come Spring, expect foreclosure signs up and down your street. Following that, the Morses will be homeless, living in one of their polo horse trailers. Yep...
By July, all of the people who held off from buying during the bubble will have been vindicated as they will scoop up properties for pennies compared to what they would have fetched a few months ago...
Me? I'm totally screwed.
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I have been looking at home resales and particularly the prices. I assumed that there would be a nominal increase every year but most are nearly 100% and I have seen some at 200%. I don't think I have ever seen it this bad.