Comments by "Jeffrey Deuitch" (@jeffreydeuitch2146) on "ALARMING Housing Market Trends With @MichaelBordenaro (Florida)" video.
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Keep in mind in Florida, and probably elsewhere, we have many different martkets. In our county alone we have many different types of desirability. Each has different rates of appreciation, new listings/inventory, rate of sales, etc. Just with respect to waterfront we have gulf front, bay front, canal fronts, rivers and /creeks, lakes etc. Within those, boating potential can significantly affect demand and pricing. Additionally we have many golfing communities as well as numerous large scale gated, deed restricted communities in very large master developments. Within 30 minutes you can get from waterfront island properties to rural horse ranches. Condo, single family, duplexes etc. Each have different appeal and market dynamics. There seems to be no consistent. I am in SW Florida and Michael is correct in his description. One thing not quite described my Michael is with respect to inventory. In these large new developments is that inventory is not restricted to completed homes. Each vacant lot is inventory in that they are immediately available for construction contract and hence can be negotiated in the event that demand drops, Its up to the builders to determine if they want to negotiate terms. He is right about the insurance issue. Much more to say but would be too long.
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