On Wed, 02 Jan 2008 10:46:08 -0500, Wayne.B wrote:


You are overlooking the root cause of inflated SWFL prices in the first
place: Easy lending standards which encouraged/fueled rampant
speculation. That started in the mid to late 90s and continued until
this year. The bubble began to burst 2 years ago after hurricane Wilma
convinced a lot of people to sell, and dried up the buyer pool.

This graph of historical home values, reminds me of the infamous Global
Warming Hockey Stick Graph. Something was obviously out of whack.

http://www.investingintelligently.co...ome_values.png