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Real Estate - High and lows
Posted on 6/2/10 at 4:15 pm
Posted on 6/2/10 at 4:15 pm
Some city like Panama City, Clearwater, etc.. farther down south is going to fricking BOOM!!!!
The people that have money to burn are going to just dump their properties in Gulf Shores, Pensacola area, Destin etc... and just move to another beach somewhere.
It could be like Real Estate from New Orleans to Baton Rouge after Katrina.
The people that have money to burn are going to just dump their properties in Gulf Shores, Pensacola area, Destin etc... and just move to another beach somewhere.
It could be like Real Estate from New Orleans to Baton Rouge after Katrina.
3
Posted on 6/2/10 at 4:25 pm to SmackDaniels
quote:
The people that have money to burn are going to just dump their properties in Gulf Shores, Pensacola area, Destin etc... and just move to another beach somewhere.
You might be overlooking the fact that out of control lending and speculation has already made the Florida gulf coast a tough place to own property. That situation is not going to change overnight. Simply talking to people I know at Regions the gulf coast and Atlanta together are taking a tremendous toll on their financial health.
Posted on 6/2/10 at 4:32 pm to SmackDaniels
i only foresee this if some become trigger happy and other variables set in
Posted on 6/2/10 at 4:43 pm to mmill32
this will kill a lot of condo owners that are counting on rental income to make the note
Posted on 6/2/10 at 4:45 pm to Tigerpaw123
The Florida panhandle is already a real estate death bed. Every other house is for sale or foreclosed on.
Posted on 6/2/10 at 4:45 pm to Tigerpaw123
quote:
this will kill a lot of condo owners that are counting on rental income to make the note
that is what we are scared of resulting in more foreclosures.....we were starting to get pretty close to the bottom, if not bounce off of it. but this could make the bottom fall out
Posted on 6/2/10 at 4:51 pm to redstick13
quote:
Every other house is for sale or foreclosed o
Yea I know, I live in Navarre.
Posted on 6/2/10 at 5:03 pm to SmackDaniels
quote:but Katrina was before the current economic crisis...and before the housing market got slammed. Banks are being tight with their money...I can't imagine that they will get themselves involved any further in the ugly real estate scene in Florida.
It could be like Real Estate from New Orleans to Baton Rouge after Katrina.
Posted on 6/2/10 at 5:06 pm to Chicken
quote:
.I can't imagine that they will get themselves involved any further in the ugly real estate scene in Florida.
Bingo.
Posted on 6/2/10 at 6:33 pm to redstick13
FWIW wife and I scrapped plans to build new house bc of uncertainty of Houma thibodaux economy in near future. $500k of house ain't the smartest thing around here right now.
Posted on 6/2/10 at 7:55 pm to redstick13
quote:
The Florida panhandle is already a real estate death bed. Every other house is for sale or foreclosed on.
nw florida is in the shitter for investment purposes, but it isn't close to as bad as south florida
Posted on 6/2/10 at 8:19 pm to Chicken
People who by second homes a lot of the times buy them in cash.
Now people who buy rental properties a lot of times finance them.
Just like Katrina people came right in and bought houses with cash. I know the economy is bad but there is still a shite load of people out there with money.
Now people who buy rental properties a lot of times finance them.
Just like Katrina people came right in and bought houses with cash. I know the economy is bad but there is still a shite load of people out there with money.
This post was edited on 6/2/10 at 11:23 pm
Posted on 6/2/10 at 8:51 pm to T Ba Doe Tiger
quote:
$500k of house ain't the smartest thing around here right now.
smack-talkin, jive-walkin EDW grad no doubt. I love the snobbery oozing from that pimple of a town.
Seriously, I fear for the oil folks throughout the area. Gonna be some sad situations if the gov't doesn't release its grip on offshore drilling.
This post was edited on 6/2/10 at 8:52 pm
Posted on 6/2/10 at 9:03 pm to CharlesLSU
quote:
smack-talkin, jive-walkin EDW grad no doubt. I love the snobbery oozing from that pimple of a town.
Clhs grad. Nsu grad. Family builds homes. Most of my nw is in my house. 175k in the one I'm in now. I can build the next for 125 below appr. Do the math I would catapult to 300 equity. Just trying to cap my losses if bottom falls out. May still sell this one n ride it out. But thanks for playing the guessing game.
Posted on 6/2/10 at 9:09 pm to T Ba Doe Tiger
ahhhhh......now that is a plan. good luck.
what year you grad?
what year you grad?
Posted on 6/2/10 at 9:10 pm to CharlesLSU
quote:
Posted by CharlesLSU
ahhhhh......now that is a plan. good luck.
what year you grad?
Clhs 95
nsu 2003
my 3 freshman years at lsu were the best party I've ever been to.
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