Investor · Port Charlotte, FL · Member since 2017 · 58 posts · 35 votes
So the word is getting out.... Stage two bubble is here, but I'm curious about my neck of the woods. Have any of the Florida realtors notice a slow down in the past month?
Are those the same words we've been hearing every year for the past <this is where you fill in the blank with as many years back as you can remember> years?
Better to be a month early than a day late.
Better to prepare, than to panic.
I've been screaming bubble for years, doesn't mean I'm unprepared, panicking, or even fully out of the market.
Realtor · Tempe, AZ · Member since 2017 · 541 posts · 442 votes
8y
I can't find the article but it was a funny one, it showed articles predicting that we are in the next real estate bubble every year for the past 6 years. Are we going to be saying the same thing 5 years from now I wonder, "Yep this is the year, bubble is here!"
@Dave Carella When are you selling everything, going to cash and waiting for this "bubble" to collapse? You can be a hero and swoop in when everyone's lost their shirts. You might have to wait for a long time but eventually the bubble will burst and FINALLY you can claim that you saw it coming all along.
While I did upvote you for your whitty reply, many areas it is slowing down and sales & prices are dropping, so its really regional vs the entire USA, and even then, like here in DFW, parts are red hot and parts are not moving. It depends on the price, the location, and the desire, just like any other property, current price is what someone will pay for it.