Exactly.
I live in Florida. If luxury homes on beaches "are losing value fast," the trend hasn't reached here. Or anywhere else on the Eastern Seaboard. Or the West Coast.
That may well be, but prices for beach homes on the north coast of Florida have been plummeting!
OBX prices remain high.
People are dumping 2nd homes and condos due to insurance and taxes. Try finding a 3/2 house in South Florida.