With Florida RE market getting hit, would this be a good time for cash investors?

[John S.]

I've been hearing a ton lately about the issues in the Florida real estate market.

I'm a cash investor with a few million that I'm looking to build a portfolio with. Mortgage rates don't matter in my situation for what I'm looking for. I know that insurance has also become a problem in the state, but I'd imagine that an entire state isn't just going to become uninhabitable so eventually things will have to balance out with that.

Do you guys think that with all the issues in Florida real estate market, that it would be a good time for a cash investor to get good deals?