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daddyg

Florida Property...worth Considering?

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Hi,

I know Florida has seen some of the biggest drops in property prices over the past year or two. Looking on rightmove, there are many apparently decent sized 3 bedroom properties on sale for < $200k, though I'm assuming prices still have some way yet to fall. That being said, I'm wondering if it might be a good place to buy a rental property in a few months time, either near Orlando/Kissimee or somewhere along the Gulf Coast.

I'd appreciate your opinions, particularly with regards to whether there is oversupply, rental yields, good areas etc.

Thanks a lot,

daddyg

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Hello daddyg,

I recently read an article by Bill Gross in which he says that US properties will be 10% cheaper come January 2009. It's well worth a read and is on the PIMCO website. I would argue that he is probably the most influential figure in the global financial markets.

My personal opinion -there is no reason to rush. You've got a least a few years to hunt for a bargain. The only people that would rush you into a purchase are the commission hungry EAs.

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  • 396 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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