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Dream on, and then read this:
http://www.bloomberg.com/apps/news?pid=20601103&sid=amJynxoSEAco&refer=us
John
Jonathan wrote:
> 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.
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Re: Why no posts about the "elephant" in the room?
