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buytoilet

Florida Property Down 60%

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Coming to the UK soon

He paid $91,000 (£58,000) for the home, compared with $269,900 (£162,000) the previous owner paid at the height of the property boom before falling behind on payments and seeing it repossessed.

For his money, Mr Eliason, a 46-year-old owner of a convenience store, acquired 1,458 sq feet of living space including three bedrooms and two bathrooms, a two-car garage and close to half an acre of land.

I believe the US are 18 months ahead, its going to be interesting

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Coming to the UK soon

He paid $91,000 (£58,000) for the home, compared with $269,900 (£162,000) the previous owner paid at the height of the property boom before falling behind on payments and seeing it repossessed.

For his money, Mr Eliason, a 46-year-old owner of a convenience store, acquired 1,458 sq feet of living space including three bedrooms and two bathrooms, a two-car garage and close to half an acre of land.

I believe the US are 18 months ahead, its going to be interesting

If the house hasn't changed, I suspect the land simply became worthless.

VMR.

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Coming to the UK soon

He paid $91,000 (£58,000) for the home, compared with $269,900 (£162,000) the previous owner paid at the height of the property boom before falling behind on payments and seeing it repossessed.

For his money, Mr Eliason, a 46-year-old owner of a convenience store, acquired 1,458 sq feet of living space including three bedrooms and two bathrooms, a two-car garage and close to half an acre of land.

I believe the US are 18 months ahead, its going to be interesting

Florida isn't the same as the U.K not in the slightest. Pure bubble money led to ridiculous development of hurricane prone alligator and snake ridden swamp land. Even the worst inner city flats in the U.K don't compare to this.

Mr Eliason has probably overpaid.

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florida is slightly different from the rest of the US, they went through a more pronenouced property expansion both in terms of price and volume from 1999/200 on. The decline there started towards the end of 2004 and kind of bottomed last year, they experienced a massive glut of second hand home sales with very few purchases. Probably a better parallel for us would be northern ireland.

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disagree,half an acre of land is worth having.flats in the UK will be worse.

Have you ever been to Florida?

There's a very good reason why most of it wasn't populated.

1/2 and acre of swamp land is worth feck all

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Florida isn't the same as the U.K not in the slightest. Pure bubble money led to ridiculous development of hurricane prone alligator and snake ridden swamp land. Even the worst inner city flats in the U.K don't compare to this.

Mr Eliason has probably overpaid.

+1

brace yourself for the next "Detroit on Thames" post :rolleyes:

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