I agree with you, to a degree. Also, our government throws money around to solve problems too readily, and likely without some necessary restrictions too.
Real Estate
- Thread starter Boyd
- Start date
I don't think the housing market today is the same as 2008, when sub-prime lending and securitization of mortgages caused the crash. Realtors are basically holding auctions and selling houses without inspection because the demand is so high. I don't know if banks are qualifying buyers correctly, but I'm thinking they would not made the same mistake again. We've been trying to help a family member get back on his feet but there just aren't many houses available.
We will see how it all pans out. I wish for nothing but success and prosperity for all, as long as it's earned.
I think that we are already seeing that happening. Just look at the 67 complex in Barnegat, on the West side of the GSP and the development across the street from 67. I think that this development has the highest commercial bldg. in the Pines.
Except this was planned for in the Pinelands Master Plan. While none of us like it, in my opinion the pines proper are still safe from a building boom.
It is about timing. I moved my family down here to St Lucie West in July 2009 right at the bottom. Paid $150,000 for a lake front 3/2 1900" in a gated community. No job lined up, just to afford my children a better lifestyle entering their teens. My house is currently valued at over $479,000 and is climbing every day. There are plans in place to build over 3500 new homes in this area in the near future. Most of these are being built for your neighbors on the NE corridor. it's so interesting to read this thread 3 plus years later.
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My parents bought land a little north of you around the peak. Even at the bottom I don’t think land prices dropped much. You can’t even find a lot now, they are developed and sold now. When you could 10x what they paid was normal. Development I’ve seen on the east coast of Florida over the last 20years amazes me.
I couldn’t take the heat and humidity of Florida either. There’s nothing better than breathing in the crisp, fresh November air as you’re walking down a quiet path in the pines. I have a brother who built a house in Naples, FL two years ago. Building code now requires them to construct houses to withstand 150 mph winds.
I will admit that tropical summers can be downright brutal but the saying down here goes, "If you can't take the summers, you don't deserve the winters." It is early February and the high temps have been in the 70's every day since before the Holidays. Crisp high 40's-low 50's as lows at night. My gated community is like a wildlife preserve. We see otters and bobcats on a monthly basis. Ospreys dive bomb the like out back daily and red tails and sandhill cranes abound. After living in Queens, NYC for nearly 30 years after leaving South Jersey, we truly feel like we are living in paradise. The trails in the undevelop west of town remind me of the barrens with all the soft sand and pines (you just have to ignore the palms). But that being said, I am much more cautious trail walking down here as Florida nature has numberless way of taking one down.
Might not deserve it but I’m stealing a long weekend starting Thursday LoL
I’m thinking about dusting off the fishing rods this Saturday! Haven’t been on the water in four months.Florida weather right here this weekend, around 60 degrees on Saturday!