No. of Recommendations: 0
With the appreciation rates of homes in South Florida, it makes you want to put money into real estate, it's almost a no-brainer at this point. I know people that are taking home equity loans so that they can purchase additional property.

Even here in North Florida, there is almost a mania. Vacant lots have gone up tenfold in the last eight years off the beadch. I watched a gulf front lot sell for over 80% in slightly over a year.

It's crazy and unsustainable, IMO.

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