Worry not. Some people find it fun to push buttons on the internet in the name of informed debate. We'll be fine. It would be a shame if he scares some people off on the area, because seems to me the facts are in our favor. At the risk of repeating myself from a previous thread, i'll make this point again:
Yes, undeniably, the RE market is "slumping" right now, but that's the natural course of financial markets. Historically, losers sweat the small ups and downs, and the winners have a grasp on the big picture. I think a more accurate term is "adjustment." Compared to the ATL RE market, for example, SoWal is still a good investment, and will continue to be as long it continues to be located on the best coastline in the US. It's not a "flippers" market anymore, but we all knew that moment would come. In fact, this adjustment is right on time based on my hunches from a few years ago.
He's right, those who bought in the last few months may experience short-term losses if they were simply looking to flip and fly. But anyone with long term interests will have a fine nest egg and see a reasonable --if not excellent-- return on their money. We've got the best beach in the US, sensible building restrictions, a burgeoning interest from overseas visitors and an international airport in works to support them, amenities, parks and natural resources out the yin-yang, all in a drive-to destination.
Lets have a beer.
