South Florida Sellers Still Asking Too Much

[Paul Strauss]

Granted, I'm a buyer- so I don't mind having evidence in my arsenal that supports my position :D That being said, I agree with this article in the Miami Herald

It's not time to grab that falling knife just yet...

``If your neighbor sold a house six months ago for $500,000, in a depreciating market, yours is probably going to be worth less, even if you have the exact same house,'' Askowitz said.

Read more: http://www.miamiherald.com/2010/03/19/1536611/many-south-florida-home-sellers.html#ixzz0ieV1xWwC

[Jeff B.]

Paul are you buying in South Florida now.
Just asking because people have been coming down here and setting up shop to buy properties at unseen before prices.

I have no pity for the people who bought high and are stuck now. It seemed like they accepted that the home was a good value 3 or 4 years ago and they had to buy instead of renting for 2 or 3 years until the market correction.

Out of the 36,000 plus homes for sale in Palm Beach County you will always have a few fruitcakes who think that somebody will just have to have their house and way over pay for it. Sorry for the rant but things are actually really good for buyers in South Florida and anybody who says otherwise isn't in the market down here.