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Got a condo in Florida?Got a condo in Florida?
Heather said: "It might be the perfect time to [URL=http://news.yahoo.com/s/csm/20050708/ts_csm/abubble]cash in.[/URL]
Property values there have skyrocketed!"
HappyHarry said: "I know a guy in Key West who was offered $3.5 million for his building which he paid $300,000 for in 1998. I'm pretty sure he's planning on taking it. The bubble might just be there."
Heather said: "If I had property there, I would sell it before the hurricanes start rolling in.
I can say that much."
HappyHarry said: "I think retirees must be tired of vacating their homes. Especially EVERY year."
Heather said: "I think most retired and/or elderly people only have so much money and energy to rebuild year after year.
I was reading somewhere (sorry i can't recall the source) and they were talking to a retiree that lost his house in Hurricane Ivan.. 10 months later, he is still without a house due to problems with his contractor. It was a crazy story. The contractor came back to house, and took the materials he had and sold them to somebody else.
Price gouging has to be a big problem down there, too."
AlfredSokol said: "People are buying all this on interest only loans and they expect that the apprecation will carry them to big profits.
Its' definitely working in the hot spots."