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Originally Posted by Papa_lecki
JM - so true. Let’s you and I start an investment company, buy all this investors at dirt cheap prices hold, and when the ocean’s rise we will own a fortune in beach front property (or at least our grandkids will).
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We have a condo over at Cocoa Beach. It’s more for the kids and grandkids. We like the view also great place to watch space launches. It’s nice walking for exercise on the beach. Inventory of Condo’s and single family houses are definitely up in Cocoa Beach and Cape Canaveral. Almost half are sold for cash and sales are now slowing. Insurance rates are more than twice what we pay in TV.
It wasn’t hard to see the real estate bubble coming. Higher interest rates, higher insurance cost , and more inventory is quickly making it a buyer’s market for coastal property and to some degree TV property. If you don’t have a need to sell, don’t be concerned. This is normal.