Top 10 cities: Where to buy now; #1 Panama City, FL

Re: Panama City named on cnnfn.com as #1 place to buy real estate now

the typical 20% down payment which one makes when buying a home. If you use less of a down payment, the rate of return on your cash investment is even greater, but you already know that.

I thought the "20% Down Payment" went by the way of the Wooly Mammoth and the Dodo Bird. :shock:

I personally feel that coastal areas are going to be where the wealthy have homes. I am also sure that there are alot of rich people that will like it like that.

Up to the moment when they need their pool cleaned, their nails done, or a 911 response.

Up to the moment when they need their pool cleaned, their nails done, or a 911 response.

These folks will commute in just like other affluent areas. 911 response groups typically do 48-72 hour shifts on site. I am not saying I am excited about what is going down but it definitely is not uncommon.

Shelly,

Have you ever seen that skit on Saturday night live? It is called "Debbie Downer". Check it out. I am just kidding! I have really learned alot from you. You should still see that skit. It is pretty funny.😀

These folks will commute in just like other affluent areas. 911 response groups typically do 48-72 hour shifts on site. I am not saying I am excited about what is going down but it definitely is not uncommon.

At what point does a service-worker making $8.50 - $12.00 (without benefits) decide it isn't economically feasible to commute 3+ hours per day on blood-soaked highways for a "seasonal" job?

At what point does a service-worker making $8.50 - $12.00 (without benefits) decide it isn't economically feasible to commute 3+ hours per day on blood-soaked highways for a "seasonal" job?

Good question? A little over kill with the blood soaked highway and the 3 plus hour commute but you still have some good points. Having lived here forever, I notice people seem to make it work. The highways have gotten alot better. There are jobs that offer benefits. Look around, it is changing. We will have our ups and downs but in the end it will be ok....;-)
It really depends on how you look at things.

Good question? Having lived here forever, I notice people seem to make it work. The highways have gotten alot better. There are jobs that offer benefits. Look around, it is changing. We will have our ups and downs but in the end it will be ok....;-)
It really depends on how you look at things.

Yep, if we're looking at things with a decent pension coming in, social security check, medical insurance, paid-up mortgage, a respectable retirement portfolio, and cash in the bank the view is just swell.....now, that 20-something Barista at Starbucks....well,.......aaah, they've got lots of time to admire the view as they commute (that is after the sun comes up.)

You really gotta see that skit on Saturday Night live..... I must go to bed now you have really depressed me...;-)

By the way, did you find anything positive about the article concerning the Panama City area? :idontno:

Gypsea,

Newsflash! I actually did see something positive about the article concerning Panama City. 😀 <You guys are WAYYYY ahead of me>
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Florida's existing home sales figures for September were released today.
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Panama City's Median Home Price is now $202,100 (vs $223,000), so the projected gain over 5 years is now 90% vs only 72%!....so you see, the longer you wait, the better your projected gains get. It's all in the math!

.... I must go to bed now you have really depressed me...;-)

Ah, my work here is done then. Pleasant dreams :sleeping:

How can Chicken Little Shelly sleep with the sky falling?

Ah, my work here is done then. Pleasant dreams :sleeping:

:lolabove: :lolabove: :lolabove:

I have to admit, I am getting possitive on the actual housing commodity. Switching my bullishness from homebuilder stocks to the real deal. With one caveat......only interested at this time in distressed, need to sell property. From my perch I see people getting interested again. At least they are asking questions. The universal feeling seems to be that the "talking heads" seem to be fueling the "the sky is falling " mentality. Of course there are owners that must sell for vaarious reasons but I think the brave of heart should starting to put some money to work.

I personally feel that coastal areas are going to be where the wealthy have homes. The workes will live inland (Defuniak, Crestview, Lynn Haven, etc). The beaches will be too expensive... With insurance and taxes it is just a matter of time. I am also sure that there are alot of rich people that will like it like that.

You obviously are looking forward to this but if you were a working person that grew up in the south end then you would resent this statement and the people who are pushing for it to be that way. Unfortunatly it is almost like that already. The only working people still in the south end are either roomateing, living in trailers, or have family help.

Both my sisters and I have already been pushed out of south walton{not South Walton County (for SJ)} along with many of my friends.:bang: :(
Ohhwell one day we will make our millions or well by then it will need to be billions and be able to own something where we were raised.