Quote:
Originally posted by Jesse_DD@Sep 28 2004, 12:28 PM
I think there will be a temporary drop in the average selling price.
This will be due to people selling homes that still need to be repaired,
and the like. In addition, I think there are a lot of people that were
prepared to move down to Florida that may hold off their plans for a
little while longer. Maybe this will last a year and then everything
should return to normal.
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I agree with this.
I also thought it could be a good buying opportunity, but I do not think it will be as big as many people think. Florida is still a growing State and a month of bad weather will not effect this long term.
I also think there will be a lot of vultures looking for steals, so it will be a tough market to get into - it will take some luck finding right person who is fedup. ( There are companies already setup to exploit these opportunities. I am sure you have see the "we buy ugly houses" people.
I still think Re is a great investment, and is something I will be spending more time working on.