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December 2, 2007 at 9:41 PM in reply to: housing already in 2001 prices considering inflation, how low can it go? and why? #107660December 2, 2007 at 9:41 PM in reply to: housing already in 2001 prices considering inflation, how low can it go? and why? #107758
Jumby
Participant“I, too am wondering how much lower can it go, as I don’t see how a builder can actually build for any less”
Cost of materials are dropping also…
http://online.wsj.com/article/SB119578061831901674.html?mod=googlenews_wsj
December 2, 2007 at 9:41 PM in reply to: housing already in 2001 prices considering inflation, how low can it go? and why? #107792Jumby
Participant“I, too am wondering how much lower can it go, as I don’t see how a builder can actually build for any less”
Cost of materials are dropping also…
http://online.wsj.com/article/SB119578061831901674.html?mod=googlenews_wsj
December 2, 2007 at 9:41 PM in reply to: housing already in 2001 prices considering inflation, how low can it go? and why? #107803Jumby
Participant“I, too am wondering how much lower can it go, as I don’t see how a builder can actually build for any less”
Cost of materials are dropping also…
http://online.wsj.com/article/SB119578061831901674.html?mod=googlenews_wsj
December 2, 2007 at 9:41 PM in reply to: housing already in 2001 prices considering inflation, how low can it go? and why? #107816Jumby
Participant“I, too am wondering how much lower can it go, as I don’t see how a builder can actually build for any less”
Cost of materials are dropping also…
http://online.wsj.com/article/SB119578061831901674.html?mod=googlenews_wsj
Jumby
ParticipantI deal with foreign investors that are licking their chops for 50% off in S FL, but like I said before; it’s only happened once so far and that was for 6 units (condos).
I know the auctioneer that did the auction for the Ft Myers condos that sold for 50% off, he is based right out of S FL, but Ft Myers IS NOT S FL.
I do recoginze prices are dropping fast just like So Cal, we will get hit very hard before it’s all said and done.
I’m looking forward to this playing out….
Jumby
ParticipantI deal with foreign investors that are licking their chops for 50% off in S FL, but like I said before; it’s only happened once so far and that was for 6 units (condos).
I know the auctioneer that did the auction for the Ft Myers condos that sold for 50% off, he is based right out of S FL, but Ft Myers IS NOT S FL.
I do recoginze prices are dropping fast just like So Cal, we will get hit very hard before it’s all said and done.
I’m looking forward to this playing out….
Jumby
ParticipantI deal with foreign investors that are licking their chops for 50% off in S FL, but like I said before; it’s only happened once so far and that was for 6 units (condos).
I know the auctioneer that did the auction for the Ft Myers condos that sold for 50% off, he is based right out of S FL, but Ft Myers IS NOT S FL.
I do recoginze prices are dropping fast just like So Cal, we will get hit very hard before it’s all said and done.
I’m looking forward to this playing out….
Jumby
ParticipantI deal with foreign investors that are licking their chops for 50% off in S FL, but like I said before; it’s only happened once so far and that was for 6 units (condos).
I know the auctioneer that did the auction for the Ft Myers condos that sold for 50% off, he is based right out of S FL, but Ft Myers IS NOT S FL.
I do recoginze prices are dropping fast just like So Cal, we will get hit very hard before it’s all said and done.
I’m looking forward to this playing out….
Jumby
ParticipantI deal with foreign investors that are licking their chops for 50% off in S FL, but like I said before; it’s only happened once so far and that was for 6 units (condos).
I know the auctioneer that did the auction for the Ft Myers condos that sold for 50% off, he is based right out of S FL, but Ft Myers IS NOT S FL.
I do recoginze prices are dropping fast just like So Cal, we will get hit very hard before it’s all said and done.
I’m looking forward to this playing out….
Jumby
ParticipantEx-SD, while I generally agree with most of your posts on this thread, I live in Ft Lauderdale and (I’m a real estate broker) 50% drops HAVE NOT HAPPENED. There has been one instance of 50% off 6 units at a developer auction for The Platinum condos in Miami, but that’s about it for S FL so far (and they still sold for over $250 per sq ft). It’s happened quite a few times already on the west coast (Ft Myers and Tampa). I’m not saying it’s not going to become more prevalent, it just hasn’t happened yet……..
I frequent this board everyday because I plan on moving back to Diego next year. I’d love to see prices keep dropping there and I’m sure they will. One thing we all have to remember…..There are many people that have Internet based jobs and can live any where in the world and are probably watching places like So Cal very closely….just waiting so they can swoop back in when they feel the time is right (I’m on of them).
Jumby
ParticipantEx-SD, while I generally agree with most of your posts on this thread, I live in Ft Lauderdale and (I’m a real estate broker) 50% drops HAVE NOT HAPPENED. There has been one instance of 50% off 6 units at a developer auction for The Platinum condos in Miami, but that’s about it for S FL so far (and they still sold for over $250 per sq ft). It’s happened quite a few times already on the west coast (Ft Myers and Tampa). I’m not saying it’s not going to become more prevalent, it just hasn’t happened yet……..
I frequent this board everyday because I plan on moving back to Diego next year. I’d love to see prices keep dropping there and I’m sure they will. One thing we all have to remember…..There are many people that have Internet based jobs and can live any where in the world and are probably watching places like So Cal very closely….just waiting so they can swoop back in when they feel the time is right (I’m on of them).
Jumby
ParticipantEx-SD, while I generally agree with most of your posts on this thread, I live in Ft Lauderdale and (I’m a real estate broker) 50% drops HAVE NOT HAPPENED. There has been one instance of 50% off 6 units at a developer auction for The Platinum condos in Miami, but that’s about it for S FL so far (and they still sold for over $250 per sq ft). It’s happened quite a few times already on the west coast (Ft Myers and Tampa). I’m not saying it’s not going to become more prevalent, it just hasn’t happened yet……..
I frequent this board everyday because I plan on moving back to Diego next year. I’d love to see prices keep dropping there and I’m sure they will. One thing we all have to remember…..There are many people that have Internet based jobs and can live any where in the world and are probably watching places like So Cal very closely….just waiting so they can swoop back in when they feel the time is right (I’m on of them).
Jumby
ParticipantEx-SD, while I generally agree with most of your posts on this thread, I live in Ft Lauderdale and (I’m a real estate broker) 50% drops HAVE NOT HAPPENED. There has been one instance of 50% off 6 units at a developer auction for The Platinum condos in Miami, but that’s about it for S FL so far (and they still sold for over $250 per sq ft). It’s happened quite a few times already on the west coast (Ft Myers and Tampa). I’m not saying it’s not going to become more prevalent, it just hasn’t happened yet……..
I frequent this board everyday because I plan on moving back to Diego next year. I’d love to see prices keep dropping there and I’m sure they will. One thing we all have to remember…..There are many people that have Internet based jobs and can live any where in the world and are probably watching places like So Cal very closely….just waiting so they can swoop back in when they feel the time is right (I’m on of them).
Jumby
ParticipantEx-SD, while I generally agree with most of your posts on this thread, I live in Ft Lauderdale and (I’m a real estate broker) 50% drops HAVE NOT HAPPENED. There has been one instance of 50% off 6 units at a developer auction for The Platinum condos in Miami, but that’s about it for S FL so far (and they still sold for over $250 per sq ft). It’s happened quite a few times already on the west coast (Ft Myers and Tampa). I’m not saying it’s not going to become more prevalent, it just hasn’t happened yet……..
I frequent this board everyday because I plan on moving back to Diego next year. I’d love to see prices keep dropping there and I’m sure they will. One thing we all have to remember…..There are many people that have Internet based jobs and can live any where in the world and are probably watching places like So Cal very closely….just waiting so they can swoop back in when they feel the time is right (I’m on of them).
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