Quote:
Originally posted by Lee@Oct 20 2004, 04:14 PM
True Mike.
Although so far as building goes, we have been told by a reliable source that pretty soon any construction work to the south of I95 from the Daytona area will be stopped.. most likely within the next few years. Something about conservation of the areas natural habitats.
Once that happens then the property prices will increase again 
There was also a rumor around Daytona recently that one of the main beaches were going to be zoned to allow development of casinos again, if that happens property prices will rise again
I do know that our home in the last 5 years has virtualy doubled in value and a lot of the homes that were damaged by the storms are selling EXTREMELY cheaply (well under market value) one house a block away from us which realistically should have sold for just under half a million sold for a fraction of that cost.
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Of course the homs that are damaged are selling cheaply. however, the homes that weren't damaged in Places like pensicola are skyrocketing!