Real Estate Bubble Bursting?: All eyes on SAN DIEGO

Woj? Where are you?

Real Estate has always been the 'best investment & probably always will be, because they are not making anymore land (except in Florida of course, where the swamp becomes land when needed:-) It is all LOCATION, LOCATION, LOCATION.

I have had a real estate license since 1964, but think I will probably let it go. I have no interest in dealing with the people anymore, or the govt regulations which causes tons of paper work & more money.

Cape Coral is still growing in leaps & bounds. You want to build a house - it will be a year before it will get started. So far, increased interest rates & hurricanes, have slowed nothing down, BUT the increased taxes - just might do the trick. In Florida, the taxes can not raise over 15% a year, so when you go to buy an existing house and take a look at the taxes - they seem pretty reasonable - however, the house is automatically reassessed based on the sales price & they will see their taxes double the next year....not a very pleasant surprise. Insurance is also difficult to get. Most large companies have a set percentage of property they will write in Florida - which in most cases has already been met - so there goes the competative quotes. All this new housing is makes the demand larger than the supply. So you just 'grin & bear it.... the cost of living in paradise:-)

Essentially, you are right. Over the long haul (ie., over 20 to 30 years), real estate is a good investment. It's the flippers and short-timers that would get burned by any bubble burst.

real eastate in NY is out of hand, milion dollars homes in not so great areas