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Message: <blockquote data-quote="Darmark7" data-source="post: 6006188" data-attributes="member: 83127"><p>I live in SW Florida and I have seen multiple times what supply and demand does to the price of homes. In 2008 when everyone was loosing their homes I could stand on any street around where I live now and more homes were empty than occupied. I was in a good position so I bought a brand new house that an investor built and foreclosed on. It is a 4 bedroom 2 bath 2400sq ft home and I got it for $82k. Then years went by and things got better with the economy and all the New Yorkers and other northerners started moving to Florida and my home‘s value went to $425,000 (not a good thing for insurance and taxes.) Now with the cost of insurance and the multiple hurricanes we have had people think twice about moving here and people already here are moving out.  The price of my home now is valued at $375.000. Supply and demand is what it is all about.</p></blockquote><p></p>