The Contrarian

[leapyear92]

Hi there,

Yes I have heard the same arguement from my realtor. Interestly, that was the same situation when I left NJ in 1989. No more land to develope...and bust. Now it has certaonly come back. But I am not buying the arguement. The salaries in Pinellas counties have not kept pace. Most of the buying has been incestor driven which is scary.

That is why ther has been the most appreciation on those properties sub $350K. I will bet you a cup of coffee that we are looking at lower prices two years from now.

Those in the higher end homes will be hurt the most.

Regards,

Leap