pre bubble housing in walton was still to high for your average service worker...
Affordable Housing in Walton County
- Thread starter SoWalSally
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That was implied by the ' ;-) '
If I was a potential buyer, you'd already have my business card with my price on the reverse.
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Let's put it this way....present service-worker wages haven't increased much from pre-bubble times. But pre-bubble, their wages could buy a heck of a lot more gas & food and they paid out far less in housing, taxes and insurance. So many more could, and did, live in the area until developers bought up land and pushed them further and further north.
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I don't understand why anyone would build more homes right now...the big problem with this market is the overbuilding and huge inventory...and, this price point seems high for the "affordable" definition..The truth is very little is selling, no matter what the price.
What am I missing here?
Certain price points are still selling just fine, just not at the "boom" levels. The huge inventory is in the higher price ranges, but there is very little well-built inventory that is below $200,000--anywhere in Walton County.
but shelley if they were already here as "owners" the the boom by developers should not have affected them as much as the insurance debacle or price of 
gas and food...heck if cost of living goes up much more there will be a whole lot of people besides service workers who can't afford to live here...also don't forget about the less expensive housing available east and west of us in the older neighborhoods of bay okaloosa santa rosa...besides home ownership is overated as any good bartender knows...
gas and food...heck if cost of living goes up much more there will be a whole lot of people besides service workers who can't afford to live here...also don't forget about the less expensive housing available east and west of us in the older neighborhoods of bay okaloosa santa rosa...besides home ownership is overated as any good bartender knows...
Not to mention housing available North of us like Georgia, SC and Tenn?
In addition to the Romanian waiters, Polish lifeguards, and Mexican maids, I've heard they are now shipping in teachers from the Phillipines to take jobs in cities whose teacher's wages can't attract American workers. All SoWal will then need to do is to deputize the "Beach Gastapo" and the transformation will be complete.
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shelly you are starting to sound like someone who doesn't believe the melt down is imminent...in your favorite scenario things will be even cheaper next year and the next and the next...
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I'll take two! :funn::funn: