|
I don't feel like this bubble is going to burst. It is just going to
sit until other market conditions have time to catch up with it.
I'm in South Florida where there is clearly a bubble. Prices shot up
way too fast. Speculators jumped in and caused it to continue, but the
key is that most are able to sustain their mortage payment even though
their properties are not rising or are possibly falling in value. It
will take time (I'm guessing about two years) for this bubble to
completely right itself, but I think it will right itself with most
people surviving and many will ultimately do well.
The bubbles are also geographically defined. Many baby boomers who
were planning to move to South Florida are changing their plans and
looking to North Florida. For this reason, I've been looking at land
in North Florida and have identified a number of very good investment
opportunities available.
I think the key is that if you bought in a bubble, you must entrench
yourself for a few years. If you are looking to invest, invest in
areas that are not experiencing a bubble, but still have positive
growth potential.
J.
|
|
Re: Why no posts about the "elephant" in the room?
