My friend Frank has been watching prices falling in Cape Coral, Florida, and I must admit, they are something else. You can get a condo for anywhere from $40,000 to $80,000 and a regular house, even one on a channel, for around $100,000 to $150,000. Things are really bad there with so many houses being owned by banks outright.
Almost gets me to thinking about getting a second place, but I sure don't want the hassle, and really don't think I can afford it. Not so much about the initial cost, but the upkeep and taxes.
Came across an article about the ten places in the US with the fastest-falling real estate prices.
10. Salem, Oregon
9. Port Saint Lucie, Fl
8. Visalia, Ca
7. Miami, Fl
6. Orlando, Fl
5. El Centro, Ca
4. Bakersfield, Ca
3. Cumberland, Md
2. Yuma, Az
1. Virginia Beach, Va
If prices are that low in Cape Coral, what must they be in these places?
Thinking, Just Thinking. --RoadDog
Being an account of some things I'm interested in, what I'm doing, and reflections on my past, especially music.
Listen to this man. Seven years of college, you know. Trying to reason with 2020 and, now, 2022.
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