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Originally Posted by EroticySteve
Florida was a bit inflated and I unfortunately bought at the top, however, I'm reluctant to call it a bubble in any way shape or form.
Florida you don't have to worry about retreating values now or anytime in the future. Florida continually becomes a desirable place to live and work. Companies are beginning to realize tht Florida has corporate benefits and that labor here is still more affordable than other locations.
We're also getting into the time of year where less houses are sold so it will be more of a buyers market. Come February through August you're going to see another nice increase though probably not as stout as our recent increases.
All in all I'd venture to say that if there really was a bubble and if one really did exist that we'll be safe here in Florida.
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That might be correct in the more affluent communities such as southeast florida...but here in NE florida..we are already seeing the fact that properties have outpaced the income....and people are questioning the appraisals...regular peeps are not able to afford the housing anymore...either way...will be interesting to see when the tax bills come out in a few months...