Joined: Mar 2006
Posts: 425
Happiness is right around the corner.
   United States
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 Feb 24, 2008, 05:37:35 PM | #1 |
I know there's a morgage crunch and weak housing market going on right now and a lot of people are going into forclosure but I was suprised when my family returned to our winter home in Florida to see all the for sale signs everywhere.
We're in a semi-affluent oceanfront area and most of the homes are vacation home or a second home. I was shocked after a month that a ot of the "for sale" signs had turned to "for rent" signs which makes me a bit uncomfortable. Also, there was a crime related double homicide less than half a mile from our home last weekend and several reports of break-ins and drug dealing in an area on the fringe of our development where a lot of the homes are now rentals.
Does having a lot of rental properties in your neighborhood hurt the value of your home?
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