Back from vacation--market looks very soft

[skier]

Skier,
This is a good topic and I am interested in reading opinions. However, everyone here knows that many listings are like your very own, which is an overpriced property that you will sell only if someone is willing to pay you more than it is worth. You do not care if you sell, yet you add to the number of listings just sitting on the market, and help soften it. It is a free world and you are welcome to do whatever you please within the laws of the land, but don't continue with your horse caca.

With that said, sure there are overpriced properties dropping in price, and sales have slowed. Frankly, I am glad to see some prices are rounding back to what should be the listing price. I bet you are a lawyer trying to piss off people all day, and I don't think you really give a crap about the market. You are just trying to stir the pot.

Not a lawyer, not trying to piss people off and I do care about the market. Keep smiling Joe, it doesn't sound like you're smiling.

 

[Miss Kitty]

If you and Kurt don't stop telling people these lies about October being a good month to visit the beach, I may have to break out a jar of whoop-a_s. October is the worst month ever and everyone should plan around the month of October for beach travels. The yellow flies are the worst from Oct 1 - Halloween. Sharks eat a lot in October. Rip Currents are definitely worst in October. All the restaurants close for a vacation in October. Peak of Hurricane season is October. Should I continue? Yes, if you want to have the worst beach vacation, come in October.

Oh SJ, you are so spot on about October. Unfortunately, it is the only month I can get away. In the past, I have just stayed indoors to avoid the beach and flies. Cable TV is not so bad...especially Channel 12...Beach TV. I watch that while eating onion dip from Grayton Market and think how lucky all those people are romping on the beach and eating at fine dining establishments!

 

[Smiling JOe]

Some info on International Home Buyers in Florida from the National Association of Realtors. Click here to open link.

 

[beachmouse]

The scale of foreign buyers in the peninsula is just so much bigger than it is here. You may think we're getting a lot, but the raw numbers there are staggering. I mean I've seen quarterly magazines whose sole purpose was to cinvince Brits to buy vacation villas in the state, and it was almost all Orlando and South Florida, with Tampa/St. Pete's treated as something of a new and exotic area to buy a villa or condo.

 

[gr8mom]

The article on foreign buyers is interesting. The last home we rented in Carillon Beach had pictures of the family in Paris - I just thought they were very well traveled. The house actually looked like the owners never visited because it was in need of lots of basic maintenance. Now that I read that article, it would make sense that they might be Europeans and that they actually DON'T get here very often. I had no idea the foreign investment in FL was that large scale.

 

[Travel2Much]

The article on foreign buyers is interesting. The last home we rented in Carillon Beach had pictures of the family in Paris - I just thought they were very well traveled. The house actually looked like the owners never visited because it was in need of lots of basic maintenance. Now that I read that article, it would make sense that they might be Europeans and that they actually DON'T get here very often. I had no idea the foreign investment in FL was that large scale.

I was in London a few months ago visiting someone, and nearly every paper's real estate section had a piece about buying a "villa" somewhere, be in Spain or wherever. Orlando was really, really big. Some FL sellers are "guaranteeing" rent for the first few years (essentially a discount). The hurricane issue is a big problem for foreign ownership, though. Many articles about that.

Now, if you want to talk about pricey real estate, go to London. I would look at listings for rentals and nearly would drop dead at the cost of a modest flat when converting it to our ailing dollar. Then, I looked closely and that turned out to be the weekly price, not the monthly rate.

Walton property is dirt cheap by London standards.