Florida Building Permits Slow to a Crawl - GREAT News

For some, this might be bad news. But for homeowners and the economy, this is actually great news. The last thing we need in Florida are more homes. Personally, I think we should stop all home builders from putting up another home until our inventory is reduced to acceptable levels. What's an acceptable level? That's the million dollar question.

But right now in many communities, relatively new homes are selling for less than what a builder can put them up for. Despite this, the builders are still building because the banks and pension funds are still lending them money. So the builders can take huge salaries and obscene bonuses at the expense of our banks and pension funds. That's criminal.

On the flip side, if you are looking for a home, you can now by a home for less than it cost to build it.

However, on the dark side of that are the millions of homeowners who already own a home. For you, the value of your home has shrunk by 20-50% depending upon which area you are in. For millions of Americans with a mortgage, they owe more on their homes than their homes are worth . . . and it gets worse everyday another builder puts up another home.

BUYERS' MARKET - Never in the history of home buying has their been a better time to buy a home . . . if you can afford it. For an explanation of why this is such a great time to buy a home, read one of my posts about Great Time To Buy and Why - Click Here

Looking for a home in Florida? - I'd welcome the opportunity to assist you with a purchase of a home or condo. For additional information please call me 772-260-5448 or visit our website FloridaHomes.PRO

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