Quote:
Originally Posted by Rcourt64
Oh no, sorry I didn't, I wasn't thinking about getting into any more debt, and the investment is just a drop in the hat for the type of real estate, investment Taxes on this type of property are thru the roof here in Florida, not including insurances are a bitch to get here without major down payments. Besides if I would do something like that, it would be something like a winghouse or a Starbucks, where I'd hire a bunch of college girls to serve coffee and stuff, while I drool all day checking them out and blaming it on to much coffee. 
Hit bottom? So you read this somewhere? where you getting this info?
Besides I really wanna keep it online,"well at least half of it" I'm not done porning out society yet. shhhhhh lol |
I don't have any specifics concerning Fla. real estate. I do keep a close eye on the markets and there are a lot of people that borrowed money on some of the creative APR mortgage schemes that are going to see their mortgages double or triple. They are expecting record foreclosures over the next few years, and that could drive the market prices down.
I am already witnessing it in Michigan.
I realize Fla market is different, but they have had their fair share of housing market pain in the past.
http://www.stock-market-crash.net/florida.htm