tag:blogger.com,1999:blog-5387053284149226571.post7537059335779648943..comments2024-03-29T01:34:06.504-04:00Comments on The Coming Depression: Staggering 22 % of The State Of Florida are in Some Stage Of ForclosureEconomic Analysthttp://www.blogger.com/profile/04338902162073990568noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-5387053284149226571.post-28143595284606902382009-11-14T07:39:48.672-05:002009-11-14T07:39:48.672-05:00Christianity does not forbid the culinary preparat...Christianity does not forbid the culinary preparation and eating of Chinese people. <br /><br />Just so you know, 9:18pm.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5387053284149226571.post-30791964220261776292009-11-14T00:18:53.040-05:002009-11-14T00:18:53.040-05:00Chinese with hard currency may purchase Florida an...Chinese with hard currency may purchase Florida and transform it into a penal colony for captured pro-Constitutional/pro-Christian freedom fighters.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5387053284149226571.post-2718281867461499052009-11-13T22:59:31.205-05:002009-11-13T22:59:31.205-05:00@ 7:15
Wait a few more months that wonderful $27...@ 7:15 <br /><br />Wait a few more months that wonderful $277,500 FL home will be worth $89,000 leaving millions so upside down on their mortgage that Real Estate is now really be considered a liability instead of an asset.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5387053284149226571.post-46820342332799667002009-11-13T22:15:44.843-05:002009-11-13T22:15:44.843-05:00Guy that worked for me took a position in Florida....Guy that worked for me took a position in Florida. His last day I told him to resist the urge to purchase a house, and to wait 4-5 years, minimum. He replied that prices had already dropped 10-20%, and that they couldn't fall much further. I tried to explain that what was happening in the broader economy was not a slight downturn, but I knew is was pointless to try.<br /><br />His wonderful new house purchased Apr '08:<br />Price paid: $277,500 <br />Zestimate®: $214,500<br />Nearby house sold for $207K (300sqft more)<br /><br />House for sale listed at $150K (300sqft less)<br />- could be trashedTyronehttps://www.blogger.com/profile/04226876002855072090noreply@blogger.comtag:blogger.com,1999:blog-5387053284149226571.post-67434353705295732442009-11-13T19:07:25.944-05:002009-11-13T19:07:25.944-05:00So who is suprized? Just run down to Florida, buy...So who is suprized? Just run down to Florida, buy a $400,000.00 beach condo or a $500,000.00 home. Then after moving in, get you a McDonnies burger flippin job and here you are! The next year, sell the condo or house to some other stupid sucker who wants to do the same thing, and you made lotza bucks on the deal. whose fault is that? "Mr Lender, right now I don't have a job, but you betcha I am gonna get me one tomorrow". "Are you really, Mr Borrower?" "Then you sign right here, please and here are the keys". <br />It is REALLY hard to have much sympathy for people like this, borrower or lender. The sky is the limit! Get you some!! Get all you want, tomorrow will NEVER come.<br />---side note-----"Would you like a new Lexus SUV with that?"Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5387053284149226571.post-1790715414870853612009-11-13T19:01:42.379-05:002009-11-13T19:01:42.379-05:00340 You will be waiting for a long time for the ne...340 You will be waiting for a long time for the next boom, here is a clue, there won't be one here is why, we don't PRODUCE anything anymore, our complete manufacturing base has been sent overseas and it's not coming back ever. Hopefully you have enough to live on, because you won't be seeing anymore gains in Real Estate ever.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5387053284149226571.post-87887002904415130152009-11-13T18:40:14.983-05:002009-11-13T18:40:14.983-05:00Came to Florida 27 years ago, made a bunch of $$$ ...Came to Florida 27 years ago, made a bunch of $$$ in real estate. Still sipping those Pina Colada (without umbrella) and dreaming on the beach of this state's income tax free sun drenced beach while waiting for the next boom to arrive.<br />Thanks Snow Birds!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5387053284149226571.post-2951307511918657572009-11-13T15:19:50.863-05:002009-11-13T15:19:50.863-05:00We left Florida 27 years ago; the unemployment the...We left Florida 27 years ago; the unemployment there has always been high; low paying service jobs not much else..cost of living high, property taxes, insurance, but ok for vacations. Laura AnnLaura Annnoreply@blogger.comtag:blogger.com,1999:blog-5387053284149226571.post-38988780172824707572009-11-13T13:42:24.309-05:002009-11-13T13:42:24.309-05:00WOW
This might mean some VERY cheap vacation prop...WOW<br /><br />This might mean some VERY cheap vacation property for those the have the wherewithall to afford it.<br />There are always those that have the foresight to come out on top.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5387053284149226571.post-66487030701464442602009-11-13T12:54:36.185-05:002009-11-13T12:54:36.185-05:00..& now "State of Dangling Mortgages".....& now "State of Dangling Mortgages"<br /><br />This is what living on the edge is really aboutAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5387053284149226571.post-91856309416677158712009-11-13T10:44:11.419-05:002009-11-13T10:44:11.419-05:00Florida: forever remembered as the "State of ...Florida: forever remembered as the "State of Hanging Chads"Anonymousnoreply@blogger.com