[WalterSobchak2012]

There was plenty of demand thanks to subprime mortgages given to anybody with a pulse. They wouldn't have built them if thousands of people a month weren't pouring into the state. Those people however couldn't afford a lot for a dilapidated trailer much less the houses the crooked bankers were installing them in.

And those people are now moving to Texas, congratulations.

[gogogodzilla]

Have you seen the homes that were being built on Florida’s coasts. They were billed as “luxury homes from $750,000 up” for the most part. Those with ‘no job, no income’ weren’t getting into these.

Plus, after Katrina, most flood insurance providers pulled out of Florida, with only the state-owned one remaining. And that one offers flood insurance at astronomical rates. Considering that banks will not offer a loan to anyone unless they get flood insurance in Florida... it’s choked off the demand for housing right there.