apart from miami, south florida inventory is finally starting to whittle away, still pretty high though, palm beach county has about 33k houses & condos for sale, broward probably similar. down 13% yoy but no idea what a new round of foreclosures would do. our two northern counties might survive it. to the south, the miami-dade condo market is so far in the toilet that it is hard to imagine it flushing further.
oddly, hallandale in broward, just north of miami, did about the best in the state in 2008, i read somewhere that it actually went up in value last quarter. it is also one of our few areas where the population average age is on the decrease (it was mostly older people for as long as i can remember).
haven't decided what to do with my house. if i start a new career maybe i'll keep it. if i vagabond, probably sell and then buy back in within two years to retain save-our-home homesteaded property tax savings which i suspect will be adventageous in the next decade or two as governments recoup recovery losses.
the inherited house will sell at a bargain price to whomever wants a great deal. i've no doubt it will be worth a fortune in 10-20 years, but by then i'm in my 60s-70s so i don't care. also, because i have an as yet undistributed fixed amount tied into the property over and above the split with my brother, any gains realized from this low point in the property value would only divide inequitably. so i figure i'm better off taking my share and buying into the market. i hear stocks are selling cheaply of late.
