"DSK" wrote in message
...
You think retirees with less income than they had when working, who are
looking for less expense, less driving, and closer care, are going to buy
increasingly expensive & expansive homes?


NOYB wrote:
I think you don't have a clear understanding of the average Naples
retiree's financial situation. Less expense isn't exactly a top priority
to someone worth $10, 50 or 100 million.

1,400 properties sold in Collier County for more than $1 million from
January through August of this year.

What that tells me is that the people who are going to make money are the
people who 1- sell those homes and collect commission (and the appraisers,
insurers, etc etc)
2- bought into the market several years ago.

Buying into a hot market because it's going up like a rocket is not
generally how one makes a large profit. Not in the stock market, not in a
crap game, and not in real estate.

The fact that real estate has run up far faster than inflation over the
past few years is a good indication that 1- inflation is going to pick up
(after all housing costs are a big part of the consumer spending "basket")
2- it is *less* likely to outpace inflation over the coming years (nothing
goes up & up & up forever & ever..



I currently put away $25,000+ per year in qualified pension plans...and
have done so since 1999.

That's a good move. Of course, it really depends on having a gov't that
doesn't simply confiscate wealth from people who were wise enough to save
up (ie a very different gov't from the one we have now).



Water access is very difficult down here. If we had adequate ramps and
marinas, I'd be living in a less expensive house inland.


So, if boating is important to you, move to place where marinas are
cheaper.

The most important vote is cast with one's feet.

Affordable areas in Florida don't exist anymore. But if by some miracle you
happen to find one, the people living there have no money for
dentistry...nor do most of them have teeth.