To: summer
Than better sell fast if you can get a sucker to pay $500K or more because when the hurricanes hit it won't be worth much.
15 posted on
07/04/2005 5:58:09 AM PDT by
stopem
To: stopem
when the hurricanes hit it won't be worth much.
I don't believe hurricanes have any lasting impact on housing prices here. I know someone who spent about $190,000 about to build a house, and back then, such an amount was considered a lot for a house. That house is now worth about $1.9 million in FL. I know another family who just sold their house, which once considered to be in a "rural" part of town, but the town has spread, and so they sold to a developer for something like $6.7 million. That's a pretty decent profit when you only spent about $50,000 for your rural home.
19 posted on
07/04/2005 6:12:06 AM PDT by
summer
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