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Old 02-26-2021, 07:28 AM
Senior MemberCaptains Club Member
Join Date: May 2005
Location: South Florida
Posts: 9,752
Received 699 Likes on 394 Posts

I will say this. In 2007, everyone said "Florida prices are high but that's okay because there is so much demand, and just look at California - we're nowhere near their prices."

Prices are at historic highs. Buyer FOMO is off the charts. I don't see how it can continue, but I have said that for two years now and it has gotten dramatically worse. Speculation, investors, and cash buyers from other states have clobbered the market for locals who just want a decent place to live.

Timing the housing market is as tough as timing the stock market. The difference is, if it's your primary home, it has value to you either way. Don't sell your house for "political reasons," sell it because you want a different house. If you can take your profits and will be happier moving somewhere that housing is currently cheaper, go for it.