Interesting, down here (Sarasota) had on the news yesterday that real estate prices and rental prices at an all time high....a clear vision of the have's and the have not's.
Sher
We had to go to Florida this winter for a family matter. While there I noticed the huge increase in people.
I don't think it's so much the have's and have not's, but more like the eastern seaboard people selling their highly priced real estate and buying cheaper full time residences in Florida. They still all leave the bar when happy hour is over. ;)
Like someone said to me, "if I can sell my half million dollar home in the north, buy a home with a pool and hot tub in FL for 200K, and bank $300K why wouldn't I do that?" My answer to him was, I don't know why you wouldn't.
Seems like a lot of retiring east coast baby boomers are asking that exact same question.
