(02-06-2018, 07:37 AM)flsprtsgod Wrote: In 2011 I looked at a house for sale in Jax Beach. Decent part of the North end, house was in good shape, family was moving to NC. Priced at 185,000, we didn't get our offer in before it sold the next day.

Same house went on the market last Saturday, new paint, new tile floors throughout. No other changes. Priced at 359,000.

We dun blowed up the real estate bubble again to 2007 levels.

2011 was at the bottom of the crash and those homes for sale were priced against a heavy foreclosure market.  You'll never see $200k again on that home unless a hurricane blows this place away and everyone has to start over and people just leave.

The next big crash that I'm forecasting is ~ 10 years away when all of the parents default on the college loans that they co-signed for the kids to attend out-of-state and/or private universities that are costing $50k per year.  A lot of parents today have the mentality that they'll do anything for their kids education and are overlooking great values in our Florida public universities that are very high quality and dirt cheap right now (~$20k/year).  Multiply that by 2 kids and instead of spending $400k it only costs $160k.  That's going to ultimately bite a lot of people in the [BLEEP] as they ultimately default on their loans.

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