Quote:
Originally Posted by glgene
I have seen 'heat maps' that show states in the USA that are faced with distressed housing prices (including some metro cities in FL). Is TV the only spot in FL that is exempt from this condition?
I understand the law of supply and demand, and it must simply be the huge demand for TV that keeps it a robust housing market.
The other factor in TV's favor, I presume, is because many (most?) people aren't saddled with a mortgage, which greatly helps TV in its very low foreclosure factor. Cities with an undesirable unemployment situation are certainly more prone to have distressed housing prices (and foreclosures).
Am I missing anything?
Three cheers for TV!
Gene (& Kathy)
TV gonnabe's
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I've noticed a number of posts getting a little off topic of your thread (happens all the time
), but as you stated the depressed markets everywhere are a real concern, expecially for us gonnabe's.
We, closed in March, on our beach place in Panama City Beach, FL for just a little more than what we owed, not what we paid in 2002. But we were happy to unload it so we can start preparing, financially, for TV.
We will probably have a mortgage because we will probably not get what we would like on our home here. I'm not opposed to a mortgage, but do want one as low as we can get so we will have the funds for other things (i.e. trips, cruises, DisneyWorld, etc.).
I agree with some of the posts about why have a mortgage just to have a tax deduction. But, we certainly don't want to drain everything to avoid a mortgage.
Good luck on your quest to become frogs!!