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Author Topic: Real Estate Bubble In Florida? Excerpt From An Interview  (Read 1844 times)

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Offline Zorrowins

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Real Estate Bubble In Florida? Excerpt From An Interview
« on: March 09, 2006, 09:31:30 PM »
Q: We've seen the real estate market in Orlando and Florida cool from last year's record pace. Is it going to continue to slow?

A: Continue to slow? I think what may happen -- I don't think you'll see a reduction in value, let's put it that way. Value and price are different things. You probably won't see a reduction in value, but maybe in prices, meaning you can pay less but it's worth more. Value is how much that particular piece of property is worth to you.

Offline doombug

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Re: Real Estate Bubble In Florida? Excerpt From An Interview
« Reply #1 on: March 12, 2006, 03:37:13 AM »
Quote from: Zorrowins
Value is how much that particular piece of property is worth to you.

Awesome!

So carrying this guru's logic over to other assets, I'll value my 98' Protege at $40,000 when I go for a trade-in.

I'll take that new 450-horsepower, Ford Shelby Cobra GT500, and call it even. :D

"I can get a great look at a t-bone steak by shoving my head up a bull's ass, but I'd rather take the butcher's word for it."--Chris Farley

 

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