tag:blogger.com,1999:blog-11537840.post4213987600836093673..comments2023-11-04T03:10:29.707-04:00Comments on Larry's Take on the Cocoa Beach Real Estate Market: 2011 halftime reportLarry Walkerhttp://www.blogger.com/profile/01527381774923548480noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-11537840.post-33122843178235965762011-07-31T15:41:23.380-04:002011-07-31T15:41:23.380-04:00After reading your half time report, I'd say i...After reading your half time report, I'd say it does sound like the market has reached a bottom. Recovery from here depends on the availability of mortgages and the real estate markets in places where boomers are now retiring. Florida will remain an attractive location for retirees and that population will eventually replace the Space center workers who will relocate.s crosbyhttps://www.blogger.com/profile/13727795751560236116noreply@blogger.comtag:blogger.com,1999:blog-11537840.post-33561843984530959192011-07-14T09:56:37.666-04:002011-07-14T09:56:37.666-04:00I really hope I'm wrong--BUT--You are correct ...I really hope I'm wrong--BUT--You are correct about slowing sales-- although that trend will continue because of the lack of jobs and the further erosion of the economy in a very short period of time.Distressed sales will triple by 10+ and the remaining investors will not be able to shoulder the influx. Mom and Pops will be left at the station with no train on the horizon.Probable bottom of the lower price condo units??? could be---but I sure don't see it. 20 percent more on the downside would be my best estimate of a bottom for the lower end and as much as 50% on the higher price spread. "Cash" is drying up faster than ice cubes in Nevada. Real estate as any investment alternative is like "what color is the sky in your world" The loss of your space shuttle program is a travesty of justice. People responsible should hang their head in total shame with a Hugh amount of remorse. That program should be re-instated and further developed for the benefit of the entire world.That's all I can say except--What the hell were they thinking and what were they thinking with.You know it was the lower end of the anatomy.Snowmannoreply@blogger.com