[oldtimer]

The NW Florida/Alabama Gulf Coast is a case in point. Destin prices have reached as much as $1,000 sft, and the demand has shot across to Orange Beach/Gulf Shores to as much as $800 sft.

Condo construction is breathtaking, and after Hurricane Ivan, a number of condos are still under repair.

There will be capacity plus in the next 12-18 months.

Add the interest rate hikes that Greenspan is working on, and I see trouble ahead.

[bill1952]

Condo construction is breathtaking, and after Hurricane Ivan, a number of condos are still under repair. There will be capacity plus in the next 12-18 months.

Guy, demand is breathtaking also, and way down here in Port Saint Lucie, where I moved to in 81, (and shortly thereafter started buying all of the raw land that I could) the prices have skyrocketed.

Hmm, PSL is now the fastest growing city in the Nation and shows no slackening in growth.
Lots that I brought for 2,000 and change now routinely go for 100,000+.

These are not regional anomalies, this is the trend. The trend is your friend, as I sometimes say.

The main difference that I see with rising interest rates will be a change from a sellers market to a buyers.
Is that trouble?

Toys