Florida is booming all over.

You gave a great example of how people research Tv's more then a major purchase like a house, but at the same time when you go to best buy you don't pay the sales associate $3000.00 for his expert knowledge of what tv to choose and how much you should pay for that tv.As for jacking up the prices, yes that's exactly what they did and I gave examples in my second post, hell they even made a show called "sale my house" about how to get higher listing prices and offers.People always wonder why new construction of homes was booming and the answer was at the time it was cheaper or the same price to just build a brand new home.a bank appraisal is always going to reflect the listing price unless there is major damage to the property, and stand alone appraisals rely on comps, which go back to the listing pricesOn the short sales i gave a perfect example from a realtor explaining to the Sunday newspaper how they are trying to sale short sales now.

After getting really good at sales, I studied for my mortgage license and jumped in during the boom years.I am still a full time mortgage broker, and a part time real estate investor.

If you have nothing invested, its far too easy for you to just walk away and leave me holding the bag.Back during the boom, things were different.

When I was in residential back in the boom times helping home buyers we could get tri-merge credit reports pulled for free.It was typical for each agency to not have some information.The reason is for instance a person might apply for credit to a company based in Cali and they might only report to Trans Union.So the negative could show on Trans Union and not on Equifax and vice versa.This is why lenders use the middle credit score out of the 3 agencies for lender loans for an average.I have seen judgements and bankruptcies and collections show up on one agency and not others.So if a tenant was paying in California but moved here and defaulted and Trans Union showed clean and Equifax would report judgements by apartments here but I never saw it that would be a big deal.This is why being in Georgia why I want all 3 agencies.I don't care so much about past due credit cards as I do about judgements and stiffing other landlords and showing a pattern etc.Isn't there a landlord service to pull all 3 credit agencies??

Some areas of the United States had a small dip and have already recovered.Many parts of the nation there are still millions of properties that are foreclosure and pre-foreclosure that need to be worked through.That will take years and years from now.People now with jobs want to stay FLUID and move at a moments notice to take advantage of the opportunities that arise.They can't do that having a house they can't get rid of.Since many homes are no longer appreciating but declining or flat in value there is no refinance opportunity.Instead people want to rent so they do not have to pay property taxes and do maintenance to a property.There will always be first time home buyers but many still want to rent instead of purchase.In the multifamily sector we are seeing a rental BOOM that is predicted to go for the next 5 to 10 years or longer.Many potential buyers let a house go and can't qualify for a property and do not want to put the money down for a private finance deal so they rent.

It will place us on the fence between a Boom & a Bust year!

I would advise to wait.... see what these areas are doing after 1 years of "slow down" all of the desert areas you mentioned boomed the last 2 years and everyone bought there during the COVID frenzy and are very over saturated.

Unfortunately the sub-prime boom that got me started with my own company was also its demise starting in 2008 when my clients starting going out of business left and right.So, as I stated above, I have worked for a major financial services company for the past 6 years and now things are starting to get questionable here concerning downsizing in my location.I have been looking to go back into business for myself for the past 2 years but was not able to pinpoint exactly what it was I wanted to do.

Im trying to hunt for other good locations with a booming population, and with an improving economy.