Tales from Florida
Lehigh Acres, Florida is a far cry from New York City but the apocalyptic scenerio described in The Times this weekend was enough to send shivers down the spine of even the most optimistic gotham dweller: Trinkets for $1 were an early sign of trouble. Early last year, garage sales and estate auctions became more…
Lehigh Acres, Florida is a far cry from New York City but the apocalyptic scenerio described in The Times this weekend was enough to send shivers down the spine of even the most optimistic gotham dweller:
Trinkets for $1 were an early sign of trouble. Early last year, garage sales and estate auctions became more common in Lehigh Acres as families sold what they could to survive. No one seemed interested in buying whole houses, and foreclosures soon gave way to empty homes that became magnets for crime. Thieves stole air conditioner parts for scrap. And on distant roads with only a few new homes and faded blue street signs from the ’50s — on Narcissus Boulevard, on Prospect Avenue — drug dealers moved in. In 2007 and 2008, the Lee County Sheriff’s Department shut down more than 100 houses in Lehigh Acres where marijuana was being grown. In 2008, the police confiscated nearly 3,000 plants valued at nearly $7 million.
Gulp.
Oh, wasder, sorry….you were referring to BHO’s assessment of the best advice. Please don’t engage the loons.
I don’t know that I can really be identified as being a member of Team Bull on account of the fact that I have no economic theory to back up my purchase of my house. I have but personal reasons for doing so but that is my main point of contention with Team Bear—life is not so neat as to be able to fit around the convenience of the ebbs and flows of the market. I bought because I needed a bigger place to live and work and as such I hope that my house retains its value. However I definitely concede that BHO and others have good points to make about the coming declines.
Dave, I predict CD rates to be positive (nominally at least) and housing prices to be dramatically in the negative (both nominal and real values).
bho- i agree we lag behind up here but at least we have some jobs and industry. my sister moved back to florida after grad school and she says the job situation there is horrendous. and indeed, while i was there it felt very dead on the streets and lots of for sale/rent signs everywhere.
don’t get me wrong, i think we will return to ’99 pricing for most of nyc, but things are going to be hellish in suburbia down south…
Team Bull has all the factual Recent Sales on our side, BHO
Yes, wasder. Have another coffee
“The Bears went from making some pretty good points a couple months ago to now just sounding more and more ridiculous as the days go on.”
At least you admit that we’ve made good points at all. Can’t say the same for Team Bull. Your cluelessness never ceases to amaze.
***Bid half off peak comps***
Sizzle = BHO
Simply the best bit of advice I’ve ever heard on this blog.
You must of course be joking…
Yes, that mattress advice is time tested. Apparently sizzle doesn’t know what CD rates are either!!!! Would you lock them in for 3-5 years????
Sizzle….what is your prediction for interest rates?