January 24th, 2010
Whats the problem with Florida’s house market?
i dont understand the issue with the low prices of houses in Florida.. how is it such a big problem?
While home prices may appear low in FL compared to other parts of the country they are still high compared to what salaries can support.
Over the last few years people paid way more than homes were worth and now they can not afford to sell for what a buyer can afford to pay.
I have been trying to buy a house in FL for just over a year. I have yet to find one that has a reasonable price tag on it.
January 24th, 2010
Milah Says :
no 1 knows and no 1 cares
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January 24th, 2010
Pam Says :
Where in Fla? Fla. still has not seen the devastating real estate decline some areas of the country has seen.
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January 24th, 2010
lauren <3 Says :
Because not enough people are buying houses so people selling keep having to lower their prices.
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January 24th, 2010
Dr. Nightcall Says :
The problem is that people paid more than the houses are now worth and they will lose money if they sell them now. The other problem is they borrowed more money than the house is now worth so many are walking away and letting the bank foreclose. This problem is not just in Florida but nationwide.
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January 24th, 2010
theshadow01 Says :
While home prices may appear low in FL compared to other parts of the country they are still high compared to what salaries can support.
Over the last few years people paid way more than homes were worth and now they can not afford to sell for what a buyer can afford to pay.
I have been trying to buy a house in FL for just over a year. I have yet to find one that has a reasonable price tag on it.
References :