I'm curious what the MSV houses are going for in Ffld. In my neck of the woods, South Florida, Broward county, the median price of a home rose $89,000 over the last year. My wife and I bought our house a little over 4 years ago for $160,000. The same house now sells for $360,000. Talk about appreciation! I don't see the real estate bubble bursting here. Almost all available land has been built-out. The only problem is going to be in the rising interest rates and the financial con of interest free mortgages. What's killing people here are the property taxes on new properties.
--- pibssmith <[EMAIL PROTECTED]> wrote: > What does anyone out there think about real estate > prices in FF and > what will happen to them? It seems that not much > land is being sold > right now maybe the contractors online can address > this so that > means only those with land already bought and > planning to build this > year will give any work to the contractors. The > architects I assume > most who follow MMY are at a crossroads of whether > they wait and > follow his new direction for Peace Palace Colonies > or build > exisiting home plans that were once approved to new > home builders or > if they are on hold. > There are 12 or more MSV houses just sitting on the > market at > unrealistic prices. The smartest seller in town took > a loss and > moved on the rest are keeping their prices where > they need them to > be to recoup their exspense but no one will pay or > can pay those > prices and in the meantime they have taxes to pay > and maintenance. > > Then there is the nationwide bubble they claim will > break in the > next few years if you read any of the real estate > articles in > various cities by various percentages. In it it > states the things > that drive a market to appreicate are jobs, > population all the > things we dont have and have never have. > > I wonder how long these various home owners will > hold out and when > some of them will get real and sell out for anything > to cut their > loses and move on. Most who are selling are moving > away or are > financially in trouble or are not empty nesters and > did not stop to > think 8 years ago who would want their large house > fast forward > 8years when everyone else was in the same spot plus > aging and going > to smaller and one story. I could go on and on just > wanting to know > if anyone thinks about this and what their feelings > are. > > I feel a very big slow down right now. > > there are always those hopeful for pundits and > hopeful for > appreciation but those of us on this site know these > things will not > occur. Are we the only ones? What are these > homeowners thinking and > what were they thinking when they paid $40 for a one > acres or less > lot and built these houses? > > > > > To subscribe, send a message to: > [EMAIL PROTECTED] > > Or go to: > http://groups.yahoo.com/group/FairfieldLife/ > and click 'Join This Group!' > Yahoo! Groups Links > > > [EMAIL PROTECTED] > > > > > __________________________________________________ Do You Yahoo!? Tired of spam? Yahoo! Mail has the best spam protection around http://mail.yahoo.com To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
