Is there a bubble in SW Florida? The experts weigh in….
Bubbles occur when prices continue to rise simply because enough investors believe investments bought at the current price can subsequently be sold at even higher prices. They can occur in virtually any commodity including stocks, real estate, and even tulips.
The one sure thing about the market in SW Florida is that the experts cannot reach a consensus opinion about what the future looks like.
Michael Pollick’s article from today’s Herald-Tribune about the real estate market is a must read for any real estate investor.
Region’s roaring real estate market carries reward and risk [Herald-Tribune]
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