patrick.net

Bubble rating?, look for an affordability index of some kind. For instance you can go to Michigan, which definitely is not in a bubble, but head on over to Western Michigan, or the UP and it's still in a bubble. Better yet, head on down to Illinois where BOA is giving homes away for free to stem blighted neighborhoods. Take a look at Florida where condo prices had bottomed while investors buy them up for flipping.

everything says

Take a look at Florida where condo prices had bottomed while investors buy them up for flipping.

Actually they are getting Single Family Homes for 1/4 pennies on the dollar. Then rent them out to the people that fail the background and credit checks and can't get into conventional rentals or apartments. That's why I'm for taxing homeowners that rent their houses out, double if not tipple. They are destroying neighborhoods. What's worse blight or blight?

Tenouncetrout says

everything says

Take a look at Florida where condo prices had bottomed while investors buy them up for flipping.

Actually they are getting Single Family Homes for 1/4 pennies on the dollar. Then rent them out to the people that fail the background and credit checks and can’t get into conventional rentals or apartments. That’s why I’m for taxing homeowners that rent their houses out, double if not tipple. They are destroying neighborhoods. What’s worse blight or blight?

I dont think so.SFH havent comedown..havent comedown to normal prices,i still they are in bubble..its only those condos that were bought during 2005-2006 that are typically on the market for pennies on dollar.
Fl is not CA and the unemployment rate is high and per capita income low..so the home prices should still go down if they have to become affordable