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re: How much of the new housing "boom" is real vs. speculation?
Posted on 6/25/13 at 11:24 pm to LSUGrrrl
Posted on 6/25/13 at 11:24 pm to LSUGrrrl
Just read this piece that makes a ton of sense in terms of what I referenced in Miami.
LINK
I'm 34 and don't have student loans and have a pretty high paying job and I think people like me are few and far between, the younger generation has a higher unemployment rate and more student debt than ever. I heard on fox news today georgetown is $66,000/year for tuition and board....YIKES.....I really don't know how this ends but I think the fall will be smoother with all the cash and cheap fixed rate loans involved.
I go back and forth between dallas and miami for work and both places real estate is going bonkers, I just don't know what to think anymore.
LINK
I'm 34 and don't have student loans and have a pretty high paying job and I think people like me are few and far between, the younger generation has a higher unemployment rate and more student debt than ever. I heard on fox news today georgetown is $66,000/year for tuition and board....YIKES.....I really don't know how this ends but I think the fall will be smoother with all the cash and cheap fixed rate loans involved.
I go back and forth between dallas and miami for work and both places real estate is going bonkers, I just don't know what to think anymore.
This post was edited on 6/25/13 at 11:25 pm
1
Posted on 6/26/13 at 4:43 am to ThaBigFella
Yeah, Florida as a whole is a strong market as are the Texas Metros. If you look at single family starts they have been relatively flat since the end of last year. It's been movement in multifamily that has really moved the needle, that being said May single family were still up ~25% over prior year. We just haven't seen the late spring increases that people were expecting.
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