29 May 08 20:56, Cindy Haglund wrote to Roy Witt:


 CH>>  I do. That's what the papers are saying anyway. (Nytimes/Orlando
 CH>> Sentinel/Star Telegram (Fort Worth)... on this issue.

 RW>> They're saying that about DFW, maybe. My property value keeps going
 RW>> up here near San Antonio. I guess it helps to have people building
 RW>> mansions on the river, just a block away.

 CH> Crazy how they keep building when there's so many existing homes for
 CH> sale. How can that increase values for anybody?

The people doing the building don't want to live in those little shacks.

 CH> There was no bubble in DFW when we moved there in Feb 2003. But by
 CH> geroge there sure was one in FL in 2004. Doubled. It was said
 CH> 'brought houses up to ""par"" with those in DC
area and CA more or
 CH> less. That is a starter home less than 2000 Sqft going for 200K.
 CH> ((Depending on location of course.))

We were going to move to Jacksonville before we chose Texas. The reason we
didn't move to FL was because of home prices.

 CH> There's a house near ours that has been vacant since it was built in
 CH> 2005. Almost bought finally last spring then it like several others
 CH> on the block developed foundation cracks. This lowered the value and
 CH> almost got bought again last winter but the bank wouldn't allow it.
 CH> SO it and 20 0ther houses in that section including ours is for sale
 CH> still and values are all steadly dropping trying to sell...

And they should, as the contractor who built them probably built other
problems into that project. Cracked slabs in CA weren't all that bad, in
fact ours was cracked. I would imagine with the water table being so high
in FL, it can create a lot of anxt among buyers.

 CH> Meanwhile at the other end of the development (which sparng up mighty
 CH> fast in five years) they're still building .. houses.

 CH> How can they keep building when there's so many for sale?

 CH> It's crazy!

Eventually they'll be sold, as more and more people reach retirement age
and want to move to warmer areas.

                R\%/itt



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