Nigel Kibel wrote:

Finally Joe I am not asking anyone to take my word on anything.

You've lost me?? What's the point of your incessant Florida, Texas, Orlando posts all about then. Just chit chat to pass the time of day? 

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I am just saying that this is a market that is worth looking at nothing more nothing less

You must think…[Read more]

Nigel Kibel wrote:
Ok I dont know how to respond to this

I'm shocked!!.

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I guess if the world is coming to an end then there is not much we can do about it

Not to worry Nigel it's unlikely you'll see it coming.

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However to suggest that the fall has not happened yet is nonsense.

Wrong end of the stick as usual. 08 was…[Read more]

jmsrachel wrote:
I believe there will be a recovery but 15 years away at best.

Hate to shatter the illusion Joe but we haven't had the crash yet. 08GFC was just the first signs the system was breaking. We've done nothing to rectify the causes of that event. On the contrary. Things are now much more fragile and the correction when it comes…[Read more]

John-USA-CommercialRE wrote:
The Orlando market specifically has a resilient nature about it even through the down turn of this Country's economy 6-years ago.  

Rubbish!! Florida was smashed. It was one of the worst performing states of all. It is the least resilient of all. And when the next correction comes along it will do exactly the same…[Read more]

jmsrachel wrote:
Don't worry freckle good ol America will bounce back, even harder then before!

I know.

This link should display all the above graphs and many more. Each graph has an accompanying summary.

http://www.loopnet.com/Orlando_Florida_Market-Trends?linkcode=31070

A word of caution. The graphs are quite informative in describing the collapse over several years in all forms of RE and associated rental returns. They are current to Sep 12 so…[Read more]

Orlando, FL Market Trends

And the bargain bin state is……… yep. Florida!!

I didn't know you could put the words boom and Melbourne in the same sentence these days.

If you can sell now and get 15k more than you paid I'd grab that with both hands and run as fast as I could. 

The following is a chart of major AU contractors. Note the shear plunge in activity as of 2013

Worst hit are coal and iron ore oriented names but the rest are not exactly in great health.

One partner of a insolvency advisory in…[Read more]

Rain on a roof creates drumming sending sound waves away from the surface. The foils do nothing to reflect this noise. When a sound wave hits the gib board ceiling surface it too resonates and passes the noise into the room. Putting something between the metal roof and internal ceiling will absorb some of the sound energy. Anything with air in it…[Read more]

Cut and paste is working well since you got it fixed.

So lets see if I understand this correctly. (I already know all this stuff but since you bought it up…)

We have a US property market that is;

so fragile that only life support in the form of a FED IV that injects $40B/mth of MBS is required

to backstop that the government gives the NAR…[Read more]

Nigel Kibel wrote:
Freckle that is not entirely correct , what Steve has said is that the days of finding bargains in Florida have gone.

Is that somehow different to "SM has indicated on numerous occasions he believes the FL res prop market has seen its best days"

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The reason is that market conditions have improved. Now if we go back…[Read more]

Nigel wrote:
I also see that given the occupancy rates are running at around 95% in both states

Rental Vacancy Rate for Florida (FLRVAC)

2011: 14.9 Percent   Last 5 Observations
Annual, Not Seasonally Adjusted, Updated: 2012-04-06 5:16 PM CDT

Interesting. Florida's average vacancy rate over the last 26 years has been 10.98% according to…[Read more]

Nigel Kibel wrote:
Hi rob

Thank you for at least posting what is going on. It would appear that Freckle has nothing better to do with his time but to post rubbish. You seem to resort to people intelligence. Well I am sure that no one is as intelligent as you.

What is going on??? Petty land disputes?? How does that advance our knowledge of…[Read more]

John-USA-CommercialRE wrote:
One of the markers in economics for the U.S. and how people are spending their dollars is the occupancy of the hotel sector.  Below is some data to understand this.
.

Tourism is as we know a major part of FL economy and is a substantial provider of jobs. During the GFC08 event tourism took a hit that showed how…[Read more]

Nigel Kibel wrote:
I would also be keen to hear Steve McKnights views on this given that he is also involved in a big way in the Florida market. How does he feel about The Freckles continual negative comments about the Florida market

You're a regular here I thought you would have known. SM has indicated on numerous occasions he believes the…[Read more]

Must be a slow news day in Jacksonville. I'm bemused as to why we're getting cut and paste advertorials with no discussion. Are you on some kind of affiliate program for the Jacksonville Business Journal or where ever you found it?

I thought this was a better article about FL port expansions even though its Jan13 and covers the above story which…[Read more]

In govt's latest round of budget cuts they've just trimmed $2.5B nationally from Uni's. They're being asked to make a 2% budget cut. That goes with a $3.5B education cut at the end of last year.

University budget cuts to slash research jobs

Multi-billion dollar university budget hit the biggest since 1990s

I'm unsure how that affects Wollongong…[Read more]