CTON and FL real estate...Len, I do understand numbers, so how about instead of looking at your imaginary widget numbers, lets look at some real numbers in regards to the FL real estate market.
Yes, prices did stabilize in the last half of the year 2005, but if you look at 2004, the same thing happened and then it was back to the races in Q1 and Q2 of 05. Prices also would have been higher in Q4 rather than Q3 except that July brought up the average price for Q3, while October brought the average down for Q4. At any rate, a 1% decline in prices from Q3 to Q4 is insignificant and could easily be attributed to damaged properties sold "as is" after last summer's hurricanes. Bottom line: There is no bubble that I can see in Florida. Price increases have merely slowed down to a more sustainable rate, compared to earlier this year. There is no need to sell CTON and GV and then run to the cold plains of Kansas that I can see.
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