My guess is that this would apply to everywhere that things got bubblicious.
Houses won't sell, and the construction workers are going away, so you can't rent them.
There was a real estate crash in Florida in the late 1920s. It took 10 YEARS for prices to recover, and it is considered a major contributor to the stock market crash of '29.
Nothing to see here, move along.
Houses won't sell, and the construction workers are going away, so you can't rent them.
There was a real estate crash in Florida in the late 1920s. It took 10 YEARS for prices to recover, and it is considered a major contributor to the stock market crash of '29.
Nothing to see here, move along.
Rentals aplenty, but not discounts
By DEVONA WALKER
devona.walker@heraldtribune.com
"For Rent" signs litter lawns in almost every Southwest Florida neighborhood, from canal-front homes in Port Charlotte to the 1960s-style Florida ranch homes off Bahia Vista Street in Sarasota.
The apartment and home rental vacancy rate is at nearly 10 percent because of the mass exodus of construction and service sector workers from the area.
Normally, this would be a sign of rental discounts to come. However, because of a near-perfect storm of issues fueled by rising property taxes and insurance costs, combined with the run-up in property prices over the past few years, that has not materialized.
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