Let me reiterate why I love Florida coastal areas and DC areas?

the reason is simple. Zoning law difficulties. From Harvard University studies, zoning law difficulty is the predominant factor to push housing price because in tough zoning regions, it will take multiple year to get permission to build on a land. In DC region, builders need to wait as long as 10 years to get the permission. Texas doesn't have such zoning situation. California's Bay area is infamous for zoning difficulty, it's now almost impossible to get permission on new land. But Asians continue to flock that area. You see, builders can't build easily, so they are forced to raise price on each house.

Florida's coastal region present a tough zoning restriction, it's a formula for future high appreciation. Currently, because of a bubble collapse, price is artificially pushed down to unbelievably low level, that's your opportunity to get in, especially on REO houses.

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• Thank you. -cultuslake- ♂ (552 bytes) () 07/08/2008 postreply 15:39:37

• Sure, very understood. -miat42- ♂ (0 bytes) () 07/08/2008 postreply 15:58:04