Not sure if it was true, I read a news that one of the investors moved his RE investment from NYC to FL. He thinks, 25% down in NYC and 250% up in FL during the last 8 years. I guess FL case may not apply to general public. Like CA 1978 Prop 13 law for rich commies, eventually creating unsustainable housing for everyone. Looks like, same things are happening in other places like NYC and invite even more hard core commies.
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