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Misguidance on Real Estate plunge

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One thing I know for sure the market will change. We are in a depreciating market but it sure beats 2006. If I was buying right now I would keep my finger on the trigger because when your dream property gets priced right it will not last long. The buyers are swarming....
 
One of the things that needs to change is the development of more of a middle class white collar job base. Right now, the bulk of that kind of thing in the area is either DoD-related (which comes with some barriers to entry) or real estate-related (which we're now seeing is highly cyclical)

Start getting those kinds of companies in there with $40-$60K a year salaries, and you'll be seeing the $200K-$400K housing market picking right up (I'm assuming a good number of double income families buying homes)

Mouse,

Saw story on Aerospace Integration Corp in Crestview cutting 10% of its workforce last week as a result of last year's buyout by MTC Tech. I'm sure they'll put a positive spin on this saying Florida's unemployment rate is the lowest in the nation...no problem finding jobs here on the panhandle--especially during tourist season.

.
 
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Mouse,

Saw story on Aerospace Integration Corp in Crestview cutting 10% of its workforce last week as a result of last year's buyout by MTC Tech. I'm sure they'll put a positive spin on this saying Florida's unemployment rate is the lowest in the nation...no problem finding jobs here on the panhandle--especially during tourist season.

.

This bores me. Money is being made and people are working. The end of the world is not here. Yes the nation is distressed in the housing industry. But so is GM, Ford etc and I could go on and on. If you think negative then u r. But the power of commerce in this county has never been challenged and never can be. So Shelly or any others that think that the sun will not rise tomorrow or set please post. I will need to prepare.
 
Originally Posted by SHELLY [ame="http://www.sowal.com/bb/showthread.php?p=233320#post233320"]
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Mouse,

shelly; said:
Saw story on Aerospace Integration Corp in Crestview cutting 10% of its workforce last week as a result of last year's buyout by MTC Tech. I'm sure they'll put a positive spin on this saying Florida's unemployment rate is the lowest in the nation...no problem finding jobs here on the panhandle--especially during tourist season.

This bores me. Money is being made and people are working. The end of the world is not here. Yes the nation is distressed in the housing industry. But so is GM, Ford etc and I could go on and on. If you think negative then u r. But the power of commerce in this county has never been challenged and never can be. So Shelly or any others that think that the sun will not rise tomorrow or set please post. I will need to prepare.

Shelly has read "The Secret" and is practicing the art. If you think it.. it will happen. 1st Law of Attraction..:biggrin:
 
IIRC, the raw number of jobs involved was supposed to be about 40-45 people, which is small enough for those guys to get absorbed into other base contracting roles.

The biggie in the area happens on Monday when the report on the fate of the 46th Test Wing goes public. Several thousand high tech jobs related to that one.
 
The point I was making prior about the Golf Memberships is these were places that were exclusive to get into and it is my belief how ever humble that we as owners have a exclusive place to live here and we should not be so quick to give it away.

Once again, fundamentally flawed example. Somewhere like Augusta National is a collective of all it's members. Property owners at the beach are all individuals with different needs and circumstances. For your example to make sense, it would have to be one of two things:

1. All property owners in, say, Sowal, are in an ironclad contractual relationship to keep prices up and or be required to vote and approve any sale.

2. Augusta National would have to allow any member to individually sell their membership anytime they want and for whatever price necessary. Private club, which the beach area is not.

I do agree with one of your points however. If you don't have to sell, don't give it away.
 
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thank you for your comments. I was only trying to say that just as it is in Augusta so should it be down here. and pray tell if the prices do continue to dip how long before you realize that the place you once lived is no longer that same place. Can you say flight from this area will not be good for many who have invested all to live in a place free of crime and the sorts. But if the prices do continue on there present trend it could be devastating to many who live in that area.Remember there was a time before when you could not give those properties away,be careful not to let it happen again. Keep the prices reasonable and many will still want to buy. I don't want just anyone living next to me and I'm sure I am not alone in my feelings
 
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