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fort lauderdale area now has an 11-month supply yet the prices are still insane. a crummy looking 3/2 around the corner from me on just 5500 sq ft parcel for sale for 1/2 mil. i just hope they stay insane for another year or two until i sell-out.
condo projects are still being planned & developed. just a few blocks south of me i see another "sold" sign on a cluster of 6 new $1mm houses and the same developer just cleared another site a few blocks north of me for another 5 or 6 $1mm houses.
seeing less advertising for condo conversions and i read that over the last two years we lost 20-25% of our rental stock. construction stats are up in all categories, single family, multifamily & commercial. still high rate of in-migration & immigration. frankly i've no idea which way it is going. too many mixed signals.
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"off with their heads"~~dr. joseph-ignace guillotin
"life should begin with age and its privileges and accumulations, and end with youth and its capacity to splendidly enjoy such advantages."~~mark twain - letter to edward kimmitt 1901
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