Florida could be an over blown real estate bubble

The prices of real estate in Florida has gone up so much, that there are more people having real estate investments in Florida today, than there was many years back. In fact, you might say that this is an over blown Florida real estate bubble you find that is going to last over blown for quite some time to come.

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Florida has become an area for land banking

When Walt Disney had bought 30,000 acres of land in Florida in 1965, locals laughed at this guy. Recently another guy had bought 28,000 acres of land in Florida, near Yeehaw junction, a lesser known part of Florida. The reason these people had invested so much in Florida real estate is because they know that the population in Florida is to increase by about 35,000 people every month for the next 30 years! This is why big real estate groups invest in real estate in Florida and sit on it for years; to be sold at a profit. This is called land banking.

People are willing to spend more in Florida nowadays

The previous population growth in Florida was from fixed, low income retirees coming to the state. However, today, there are more of wealthy people, heading for long time retirement in Florida. These people are people with money they are willing to spend. And where there is money flowing, there are business opportunities and job growth. So you can find many places in Florida with youngsters; and it is this demand floating in Florida that invites Florida real estate investors.

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Don’t invest blindly in Florida real estate

Of course, blindly investing is not called for, especially if you are from outside Florida. There are some investor dominated areas with a shorter time scale and the longer time scale areas. However, it is these areas of longer time scales that have a bright future; especially in real estate with land investments and affordable housing.