Re: Stock market/banking sector insanity
Just returned from atrip to the lower Keys. Broker I meet with said values are down 30% and he has many sellers that are "inverted"; more debt then they can clear from a sale. With more than 35,000 empty condos along the east cost of Fla, it will take years to work off that much inventory, this will get worse before it gets better. Go fishin.
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