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Thursday, March 08, 2007 1:55:44 PM
Anyways I have noticed a couple new trends in real estate down in Florida where there is actually big $$$ to be made. I just wish I had the million to start my own project. The trend I noticed is actually already being worked by small numbers and these companies are making good $$$ doing it.
If what I thinkhappens, the larger highly valued vacation homes will continue to come down in price. Some are already priced rediculously lower than the original intended price. I say simply this, town homes in Orlando area are going to boom because of demand in the $135k up to $200k price range. 1 year from now, there will be an increase for demand for smaller 1600sq ft single family homes with luxuries similar to the bigger vacation homes like small screened in swimming pool, on lake, etc. In about 3 years the people the salaries should start to catch up in the surrounding cities, and the bigger vacation homes will then be back in demand if northerners have not already jumped on this to boost these housing cost.
Keep your eyes open on these trends, if you notice a company building town homes right now in Orlando area, the demand will make that company grow big time. I think there is a new boom coming in that area. If you want to chat about it let me know via private message or email. I will give you more details as to why I think this and maybe I can find links which demonstrate where I have already started seeing the trends take shape.
I am not saying to just buy into real estate, I am saying watch this area of Orlando and surrounding cities, and get in if you can. The demand is heavy right now and the one location I stopped at was selling faster than they could build.
Personally one day I would like to start my own company in banking, brokerage, real estate, and construction of residential and commercial property down in that area. I am just passing on my thoughts. But for now I am just passing the info on.
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