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Real Estate
Reply to "I think the bubble is popping."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Well, two years ago I wanted to buy a house near the beach in Florida for 450 or less. Now, these same 1300sqf houses are selling for 900K. The one I wanted had a pool, these 900K ones, on the same street, same size, less updated, don't.[/quote] If the market goes down, Florida in particular is set up for a spectacular crash. Just an unbelievable appreciation. I don't personally see a crash like that coming, and I think the FL boom can be explained by a lot of things, including Baby Boomers retiring. But I don't think FL is a good metric for the rest of the country.[/quote] Hey, I'm in my early 40s and want to move to Florida already... and there are lots of people ahead of me.[/quote]
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