The Contrarian

[leapyear92]

I think we are converging on a composite view. Keep this in mind: The rate of increase has been slower up North. We have been exceeding 15% a year, they have not. Back in the day, one could sell their home sock away 50% and buy a mansion down here. Those days are gone. Our property taxes are relatively low, again, not what they used to be.

As far as the lack of land..drive down Forest Lakes to Racetrack. Their is plenty of land to be developed. Commodity prices are rising and the builders will not be able to pass them along.

Take a look at the condo's in Waterchase. 10 of them were bought by an investor who has sitting on them longer than 45 days. They are not moving.

Its all about jobs. We do not have them here in Clearwater. At least not the high paying ones to support these inflated prices.

Wish I could buy a LEAP put.

Regards!

Leap