Here in my area of FL the housing market is a disaster. The problem is, homeowner’s insurance is so high that you can’t rent your house to cover your expenses. As a result, people are just abandoning their houses, and foreclosures are rampant.
My son got laid off last week. There is no work for electricians in my area at all. The business he works for is going out. That’s 30 electricians out of work this year. Someone told me crews are are traveling as far as Jacksonville to work. Nobody is building where we live.
Where is that exactly? What is your zip?
Tell your son to move to the Carolinas. They’re still building there. And wait a bit in your area. When prices go lower buy a couple of investment houses.