Homebuyers flocking to Florida have driven cities in the state to become the most overvalued in the US

[DigitalDrifter]

Probably people getting out of blue states. The demand has been so high, it's now nowhere near the prices you could get just a few years ago. I remember looking at some properties in Florida about five years ago, and there tons of high-end homes in the $300K range.

• Florida now contains five of the 10 most overvalued cities in the US, thanks to hoards of newcomers in recent years.
• Tampa, Florida is now the third most overvalued housing market in the country, with buyers paying a 43% premium.
• Prices are unlikely to pull back soon, researchers said, making affordability a "key issue."

MSN

www.msn.com

 

[Baron Von Murderpaws]

Ah, then new ghetto state.

 

[whitehall]

The market determines the price. Who gets to judge if real estate is "overvalued"?

 

[shockedcanadian]

I guarantee you many are from Canada. Often retired, career government con artists with big pensions who have already sold their overvalued Toronto or Vancouver home to some patsy and now drive the prices up on Florida.

 

[Hang on Sloopy]

I guarantee you many are from Canada. Often retired, career government con artists with big pensions who have already sold their overvalued Toronto or Vancouver home to some patsy and now drive the prices up on Florida.

then why are you fuckers so damned cheap???......don't ask me, ask any waiter

 

[Synthaholic]

Probably people getting out of blue states. The demand has been so high, it's now nowhere near the prices you could get just a few years ago. I remember looking at some properties in Florida about five years ago, and there tons of high-end homes in the $300K range.

• Florida now contains five of the 10 most overvalued cities in the US, thanks to hoards of newcomers in recent years.
• Tampa, Florida is now the third most overvalued housing market in the country, with buyers paying a 43% premium.
• Prices are unlikely to pull back soon, researchers said, making affordability a "key issue."

MSN

www.msn.com

Maybe I should sell and leave Florida.

 

[Blaster]

Maybe I should sell and leave Florida.

Go back to Iran.