Bob
SoWal Insider
Yellow Hammer, you the man, Capricious is the show, and I'm pollyannaish....
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Bank Failures
- Thread starter Capricious
- Start date
Bob
SoWal Insider
'
Just a year ago I would listen to people talk about the "killer deals"
that they had made in real estate.
Now their deals are killing them.
Do I think that's that funny?
You betcha.
Because it means that I just may be able to buy what I could
not conceive of buying a year or two ago.
It means the pennies I saved by not having cable TV or a cell
phone or a fancy new car or a big house or dinners out or etc.
etc. etc. are now going to allow me to do things that others
can not.
It means that the sacrifice is going to pay off.
And I am one happy camper.[/QUOTE]I think dial-up may cause anger.
Bobby J
Beach Fanatic
Last edited:
Capricious
Beach Fanatic
"...Soooo it is a good market. Right? Perception. Right?..."
Since this has all gotten so confusing I will recap:
It is an "OK" market if you want to buy.
But the future will bring a much better market for buyers.
It is a lousy market if you want to sell.
And the future will get even worse for sellers
At least until we go from the "bust" part of the cycle
back to the "boom". Which will take a few years, I think.
This prediction excludes actual waterfront property- there are
always rich people ready to purchase prime.
But once you get back to second, third, fourth tier etc. you are
dealing with people who usually are more vulnerable to economic
trends.
I would also lump most condos in the latter group
Anyway, that's my opinion.
And I always have one.
Since this has all gotten so confusing I will recap:
It is an "OK" market if you want to buy.
But the future will bring a much better market for buyers.
It is a lousy market if you want to sell.
And the future will get even worse for sellers
At least until we go from the "bust" part of the cycle
back to the "boom". Which will take a few years, I think.
This prediction excludes actual waterfront property- there are
always rich people ready to purchase prime.
But once you get back to second, third, fourth tier etc. you are
dealing with people who usually are more vulnerable to economic
trends.
I would also lump most condos in the latter group
Anyway, that's my opinion.
And I always have one.
SHELLY
SoWal Insider
Capricious
Beach Fanatic
"...Quantify the adjective "boom."
2004 vs 2007
2004 vs 2007
SHELLY
SoWal Insider
Cap,
In the "next few years" what economic scenario do you envision will restart the Florida RE land grab circa 2004?
.
elgordoboy
Beach Fanatic
Dial-up'll do that.
Capricious
Beach Fanatic
"...In the "next few years" what economic scenario do you envision will restart the Florida RE land grab circa 2004?..."
Ah, come-on Shelly;
Ya gotta give them SOMETHING to grab ahold of.
You tell these people (current owners) that it will be
a decade (or more) before they see prices like 2004 again,
and they'll be jumping out of the 30th story windows of
those big Panama City Beach condo complexes.
Ah, come-on Shelly;
Ya gotta give them SOMETHING to grab ahold of.
You tell these people (current owners) that it will be
a decade (or more) before they see prices like 2004 again,
and they'll be jumping out of the 30th story windows of
those big Panama City Beach condo complexes.