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Florida Real Estate Exploding For 15+ More Years?
YEEHAW!!!!!! The south will rise again!! Can't you just imagine the Dukes of Hazard boys sitting on the hood of their car (the General Lee) grinning in front of a For Sale sign in their yard? Well, they should be smiling with the prices in the south, and especially in Florida. But will this Florida real estate trend continue? That is the $100,000 question. We just recently taught a class at the Learning Annex in NYC about investing in Florida real estate. As I was preparing for this class, I was just constantly shocked by some of the facts that I was gathering?. and I live in Florida and have done so most of my life. So the question becomes "is this just an over blown Florida real estate bubble or is this something that is likely to last?" Let me give you an example of just how wild Florida real estate has become. Recently, somebody just made a purchase of the LARGEST track of land that his been purchased in Florida since 1965. Back in 1965, some crazy dude named Walt Disney purchased 30,000 acres in a relatively unknown place (at the time) called Orlando. At the time, the locales who sold their land went laughing all the way to the bank about this guy. This recent Florida real estate purchase, however, was 28,000 acres at a price of $30,000/Acre. No big deal, right? Wrong!!! This land was purchased around YEEHAW Junction, Florida! Ever heard of it? Most people have not. Yeehaw Junction is off of the Florida Turnpike in Osceola County. This is one of those places that you could drive through 10 times and still not have noticed it. If you are like most people, then you would have to assume that big groups are buying these large tracts of land with the intent of rapidly developing them and selling them during this crazy real estate market. Nothing could be further from the truth. What these groups know is that that the population of Florida is expected to increase by 35,000 people, per month, for the next 30 years. So month, after month, after month, you have people pouring into the state. So if you are one the big Florida real estate groups with tons of money in your pockets these days, what would you do? Buy the land in cash and sit on it for years --- also referred to as "land banking." Now if you are familiar with the Florida real estate of yesteryear, you would have to assume that most of this population growth is from fixed, low income, retirees that are coming into the state. Wrong again. Today, and in the foreseeable future, you actually have very wealthy individuals coming into the state, possibly for long term retirement. The difference is they have lots of money, are willing to spend it, and are accustomed to nice life styles. Whenever there is money flowing, then you obviously create business opportunities and job growth. As a consequence, many locations in Florida are exploding within the 20-40 year old age group. With this kind of real world demand floating around, the opportunities are endless for savvy Florida real estate investors. Of course, you can not just blindly make investment choices, especially if you live outside of the state. Some areas have become investor dominated and could be a bit scary in the shorter time scale. Over the longer time scale however, the future looks very bright, especially in the area of land investments and affordable housing. In the Learning Annex class in NYC, my suggestion to investors interested in Florida real estate is either learn how they can use preconstruction investing to easily make investments in Florida or else move and get involved in more active investing styles. For preconstruction investing, the trick is to 1) find an emerging area poised to explode, 2) find a project within that area that is high demand and is in preconstruction, 3) ride the appreciation curve while you may not even own (yet) the property. People have made money by the boatload over the last few years doing exactly that and "aw shucks, we only have another 15+ years to go before it runs out". Now do you want the really good news? This is not just limited to Florida real estate! In our group, we are making multiple investments in many locales all being driven by the baby boomer shift and its far reaching impacts. In my opinion, if you want real estate investing to be a major factor in your financial future, learn what the boomers want and then buy in front of them. Dr. Chris Anderson is a co-founder of http://www.GetPreconstructionDeals.com and is referenced in many venues including the New York Times and USA Today. Download his free, 30+ page preconstruction investing ebook today at Get Preconstruction e-Book
MORE RESOURCES:
Top real-estate CEO sees decades of housing pain ahead: 'What the Fed did will have a 30-year tail on it' Yahoo Finance Landmark Settlement Breaks Up the Real Estate Cartel The American Prospect Realtor accidentally burns down home news.com.au Commercial Real Estate's Systemic Threat: Separating Fact From Fiction Commercial Observer Rules that helped set real estate agent commissions are changing. Here's what you need to know The Associated Press Who are real estate lobbyists talking to in New York? City & State New York Public records: Coshocton County, Ohio, real estate transfers Coshocton Tribune Brockton-area real estate sales for Dec. 26 to Dec. 29, 2023. Enterprise News Refined Real Estate: Historic Queen Anne Polson House lists for $6,950,000 seattlerefined.com The End of the Super Broker Era in Commercial Real Estate Commercial Observer Pension funds snap up real estate at steep discounts Financial Times Luxury's Latest Battleground: Real Estate | BoF The Business of Fashion Jacksonville riverfront mansion leads Duval County real estate sales The Florida Times-Union Real estate shake-up: Possible commission changes ahead 11Alive.com WXIA REAL ESTATE | New signage for Auto Safety Center on S. Main Street, West Bend, Wi washingtoncountyinsider.com Will Realtors’ price-fixing settlement affect Idaho home buyers? What Boise experts say Idaho Statesman Knoxville School Board to Hold Several Public Hearings Regarding Real Estate Parcels KNIA KRLS Radio A luxury agent on how the NAR settlement will change his business The Washington Post Will March bring more madness to Craven County's real estate market? New Bern Sun Journal Investigation underway after 44-year-old real estate investor seen on video firing shots off boat docked at Lakeview ... WSVN 7News | Miami News, Weather, Sports | Fort Lauderdale Cities Face Cutbacks as Commercial Real Estate Prices Tumble The New York Times The Realtors' Big Defeat The New York Times Rules that helped set real estate agent commissions are changing. Here's what you need to know Lufkin Daily News Realtor group will pay $418M to settle commission lawsuits The Associated Press Israeli real estate event: Legal complaints escalate NorthJersey.com Rules that helped set real estate agent commissions are changing. Here's what you need to know KXLY Spokane Realtors settlement to lower home sale costs, alter commission structure The Washington Post China's Real-Estate Market Just Set a Record—but Not a Good One The Wall Street Journal What Seattle-area homebuyers should expect after national settlement The Seattle Times What the death of the 6% real estate commission means in D-FW The Dallas Morning News Real estate commissions, unassailable for decades, could crumble after landmark settlement The Denver Post Realtors Reckon With a Seismic Shift to How They Get Paid The Wall Street Journal Is the Era of the Celebrity Real Estate Agent Over? Industry Reacts to Settlement That Could Slash Commissions Hollywood Reporter National Association of Realtors Agrees to Slash Commissions to Settle Lawsuits - The New York Times Settlement will affect Iowa homebuyers KCCI Des Moines Rules that helped set real estate agent commissions are changing. Here's what you need to know News10NBC Realtors Reach Settlement That Will Change How Americans Buy and Sell Homes The Wall Street Journal Making Sense of New York's Confusing Luxury Home Market The Wall Street Journal A commission settlement may affect housing market 9News.com KUSA Illinois real estate: Home sales in Peoria, Tazewell, Woodford counties Peoria Journal Star End of 6% real estate commissions could mean lower home prices The Atlanta Journal Constitution Yoon to scrap 'reckless' plan to raise declared real estate value The Korea JoongAng Daily A Look Into the Future of Home Buyers' Agent Commissions The Wall Street Journal Once America's Hottest Housing Market, Austin Is Running in Reverse The Wall Street Journal National Association of Realtors to cut commissions to settle lawsuits. Here's the financial impact. CBS News Revolutionizing Real Estate Lead Generation: Stephen Zochowski's Groundbreaking New Book 24-7 Press Release Real Estate Credit Investments (LON:RECI) Shares Pass Below 200 Day Moving Average of $126.75 Defense World Blackstone, World's Top Alternative Asset Manager, Eyes Record Highs Amid Real Estate Bottom Investor's Business Daily Granite Real Estate Investment Trust (TSE:GRT.UN) Given Consensus Recommendation of “Buy” by Brokerages Defense World Chicago Voters Face Choice on Tax to Fund Homeless Programs The New York Times 4 Ways a Settlement Could Change the Housing Industry The New York Times Bridgemarq Real Estate Services (TSE:BRE) Share Price Passes Above Two Hundred Day Moving Average of $12.93 Defense World Colony Ridge violated deceptive trade practices, Texas says The Texas Tribune Real Estate Stocks Drop As NAR Agrees to $418 Million Settlement Markets Insider Manhattan Real Estate Update westsiderag.com What will the Realtors settlement mean for Arizona homebuyers? The Arizona Republic |
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