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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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To: summer

That sounds like a TALL tale to me. No way are homes that were once $50k selling for over a million. No way!

Where is this area of FL? Where is St John's?


22 posted on 07/04/2005 6:59:36 AM PDT by stopem
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