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Written by Greg Snow
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Tuesday, 27 April 2010 10:20 |
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As our April, 2010, begins to ebb into mornings in May, and our infamous HOT summers are getting nearer, I am cautiously confident that the "eyes of the oysters" are getting smaller, as we ascend to the surface of normalcy in Lee County real estate investments. While our U.S. Congress takes their shots at members of Goldman Sachs, Washington Mutual, Lehman Bros., Citigroup, and the rest of the Wall Street crowd that engineered our rise and fall in Southwest Florida real estate (along with Las Vegas, California, Arizona, et al.), we have survived, and a new order of real estate investments have occured. Many real estate investments in southwest Florida are cash sales or short sales, or REO sales, along with about 15-20% the good old fashioned way (the banks are really loaning money to credit worthy people??). Prices are still very favorable, as are current interst rates, and alot of inventory (going down as we read), provide smart investment choices for full time, part time, or vacation properties in the Fort Myers area.
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