Reply to When will it reset or crash

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[quote=Anonymous][quote=Anonymous]I'm no sage but are you all aware that real estate is crashing already on the West Coast?  Like down 20% in the SF Bay and Seattle areas.  Look at how many homes are for sale in Florida and guess where this hits next?[/quote]

I mean, is Florida real estate really a bellweather for trends in the primary residence market, though? My parents have a place there (inherited from my dad's parents) so I've observed their little corner of the market for 20+ years and it seems like the state kind of has an outsized boom/bust tempo because so many of the homes there are second homes, the insurance aspect, plus throwing in some see-sawing from the fact that it's a desirable climate (weather & tax wise), but also you have to deal with the hurricane risks driving some small % of people out every time there's a big one. My parents' area was hot before the mid-aughts crash, turned into a ghost town of for-sale/foreclosure signs during the crash years, slowly recovered then back to booming during covid.

IMO it seems like FL booms fast & big during good times, but is also more vulnerable to busts than places like the DMV.

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