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Reply to "Florida Real Estate is off the hook"
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[quote=Anonymous][quote=Anonymous]OP, these are the types of areas that will see significant decreases in home values. This bubble was about low interest rates/FOMO. Even desirable areas with good public schools, jobs, and lots of UMC/UC people (like Central Florida) didn't see much of a net population increase during the pandemic. Prices are coming down even there. Florida real estate tends to have huge spikes then huge decreases.[/quote] I used to agree with you, but if you look at the numbers, there are like 1,000 people moving there every day. It’s not slowing down where I am and it won’t until the supply outstrips demand for housing. [/quote]
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