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.
In some areas there have even been special arrangements made to sell property short. This means that lenders will allow those in financial difficulties to sell properties for less than they owe on them. This will not result in profits for short sellers but alleviate the dreadful losses that will be entailed by foreclosure.
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, the capital of Lee County, Florida was named after Colonel Myers who drove the Seminole Indians out of the area and established the fort named after him. Two famous Americans, Thomas Edison and Henry Ford led the property booms that have made the town a tourist and leisure center. Edison established the palms that line McGregor Boulevard.
The climate is benign with short, mild winters and long warm summers. Most rain falls between the months of June to September. In August temperatures of around thirty degrees centigrade may be expected, falling to about twenty degrees in January.
Ft Myers real estate offer several choices in real estate to suit different tastes and budgets. Garden homes, coach homes condos and single family homes are all available and conveniently situated to the world famous beaches, fishing and shopping malls. They have a variety of floor plans worth considering and the amenities within the development contribute to a healthy and desirable lifestyle in a desirable locality.
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.
In some areas there have even been special arrangements made to sell property short. This means that lenders will allow those in financial difficulties to sell properties for less than they owe on them. This will not result in profits for short sellers but alleviate the dreadful losses that will be entailed by foreclosure.
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, the capital of Lee County, Florida was named after Colonel Myers who drove the Seminole Indians out of the area and established the fort named after him. Two famous Americans, Thomas Edison and Henry Ford led the property booms that have made the town a tourist and leisure center. Edison established the palms that line McGregor Boulevard.
The climate is benign with short, mild winters and long warm summers. Most rain falls between the months of June to September. In August temperatures of around thirty degrees centigrade may be expected, falling to about twenty degrees in January.
Ft Myers real estate offer several choices in real estate to suit different tastes and budgets. Garden homes, coach homes condos and single family homes are all available and conveniently situated to the world famous beaches, fishing and shopping malls. They have a variety of floor plans worth considering and the amenities within the development contribute to a healthy and desirable lifestyle in a desirable locality.
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