The real estate market and avarage prices

I thought about the real estate market yesterday as an investor friend wanted to show me his boat.

We drove out to a place he has on the gulf here in central Florida. As we got there he told about the house with it’s dock and deep sea access. According to him, he overpaid for it back in 2007 and it wasn’t until now he started seeing a chance of making some money on it.

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