Unbelievable projections!! Time to leave ft. myers, fl.

[Rich Weese]

http://finance.yahoo.com/banking-budgeting/article/112698/housing-crash-getting-worse-marketwatch?mod=bb-budgeting

I couldn't believe that we are dropping in values everywhere but my Ft Myers area of FL. Interesting read. If someone can post it in an easier way to open, please do. Rich
p.s. Time to move on to somewhere else to buy.......

[Cheryl C.]

Hey Rich, glad to hear it as I own some properties in Naples.

Jerry, we bottomed in a number of areas in DC in late '08 and thru '09. Some areas over-corrected and have seen a nice bounce. Like another poster, I don't care about a decline of 10% or so. Rental demand is terrific and rents were up 8% yoy regionwide. Rents are projected to continue up nicely for 3yrs or so until new inventory comes on line.