Over the long term real estate prices move inexorably higher. Seldom in the course of an individual's life time is there a respite when it becomes possible to purchase on a downward dip before the ascent continues, but such a time maybe now, in 2011. People who are fortunate to be in a position to purchase may look now at Ft Myers real estate for prime properties.
Such a market prevails in 2011 because of the usual culprits, fear and greed. In the late twentieth century it seemed that the real estate market would never retreat and greedy bankers lent money recklessly. After some foreclosures and economic set back fear set in, and the result is a buyers market as people who have over extended themselves scramble to recoup losses.
It is not only property owners who are suffering, but also the banks who have been landed with more foreclosures than they can cope with. They have to repossess houses and are landed with assets that they cannot use. It is a sign of the tines that short sales are now allowed under some circumstances. Owners in difficulty may be allowed to sell their homes for less than they owe on them.
History suggests that prices will eventually resume their upward trend. The problem is that no-one can really know when the cycle will turn upwards again. However, the signs are that prices are at low points and a person who has the means to invest at current prices without banking on immediate profits will do very well by buying and holding.
Fort Myers is the capital city of Lee county, in Florida. It is named after a Colonel Myers who drove the Seminole Indians out and built a fort that was abandoned quite soon afterward. When Henry Ford and Thomas Edison moved in many others followed. Edison was responsible for planting the palm trees that have led to the nick name, City of Palms. Many tourists and visitors flock to the area to enjoy the famous beaches the fishing and the shopping.
The climate, with its long summers and short winters, encourages leisure lifestyles. Temperatures do not vary greatly with summer temperatures around thirty degrees centigrade making for pleasant, sunny days.
With sparkling lakes contributing to the landscaped environment residents can relax and enjoy life in one of America's premier residential locations. Ft Myers real estate is serviced by realtors who will be pleased to guide buyers through the the lifestyle and investment opportunities that are available to Americans who choose to reside in this corner of the country.
Such a market prevails in 2011 because of the usual culprits, fear and greed. In the late twentieth century it seemed that the real estate market would never retreat and greedy bankers lent money recklessly. After some foreclosures and economic set back fear set in, and the result is a buyers market as people who have over extended themselves scramble to recoup losses.
It is not only property owners who are suffering, but also the banks who have been landed with more foreclosures than they can cope with. They have to repossess houses and are landed with assets that they cannot use. It is a sign of the tines that short sales are now allowed under some circumstances. Owners in difficulty may be allowed to sell their homes for less than they owe on them.
History suggests that prices will eventually resume their upward trend. The problem is that no-one can really know when the cycle will turn upwards again. However, the signs are that prices are at low points and a person who has the means to invest at current prices without banking on immediate profits will do very well by buying and holding.
Fort Myers is the capital city of Lee county, in Florida. It is named after a Colonel Myers who drove the Seminole Indians out and built a fort that was abandoned quite soon afterward. When Henry Ford and Thomas Edison moved in many others followed. Edison was responsible for planting the palm trees that have led to the nick name, City of Palms. Many tourists and visitors flock to the area to enjoy the famous beaches the fishing and the shopping.
The climate, with its long summers and short winters, encourages leisure lifestyles. Temperatures do not vary greatly with summer temperatures around thirty degrees centigrade making for pleasant, sunny days.
With sparkling lakes contributing to the landscaped environment residents can relax and enjoy life in one of America's premier residential locations. Ft Myers real estate is serviced by realtors who will be pleased to guide buyers through the the lifestyle and investment opportunities that are available to Americans who choose to reside in this corner of the country.
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