All this talk of a housing bust. It ignores the fact that real estate is a local phenomenon, which means that the reality is that some towns are doing ok and others are not. And of those that are not, some will recover quicker than others. The trick to investing in real estate is in figuring out exactly what’s going on in the town you’re looking to buy.
According to UCF’s Institute for Economic Competitiveness, the ongoing influx of people into the Orlando area means Orlando’s (real estate) future should be safe. When it comes to growth: Florida will be above the national average, and Orlando will be above Florida.
So next time you turn on the news, remember central Florida is not California, it’s not New York – and that’s why we’re here. It doesn’t snow, and we don’t pay $2000 a square foot.