Good to hear TN is doing ok.

Check out this article in today's Yahoo Finance section related specifically to Florida and Tampa specifically.

October Home Prices Post Record Decline: Financial News - Yahoo! Finance

And here are the only 3 places that posted gains (TN is not mentioned)

 

yeah, TN might be decent but im sure Raul isnt going to sell his FL home for some super low price and take such a hit. sucks

 

ya i agree....im so glad i didnt buy a house down there.....steve didnt say rapid progression is going on but the market here is stable...very affordable living IF you can find a decent paying job thats the only down fall living here

 

A stable market is a fantastic market in the current climate of the real estate world. TN is attracting a lot of retirees which should help the market long term ... hopefully for the short term it will stay stable.

Mike, are you back in TN now?

 

I think the thing to do right now in TN is to buy up as much land as you can. It will only be a matter of time until developers are knocking your door down, begging you to take their millions so they can build.

 

i tell you what man land values are so low its stupid..ya steve im back but im moving to virginia first week of the year...

 

which means young folk like myself can stake a claim for cheaper when i graduate college in about 2 years.

 

Before you get too excited, I have more bad news. We are getting closer to the next recesion. Based on historical data, I was predicting a recession +/- 2011, but with the housing market having such an effect on the overall economy, the ripple effect can possibly usher in the next recession earlier than would be expected.

Right now, the hope is that the housing market and mortgage melt down will not prematurely drag us into the recession early, BUT at this point no one knows for sure?

Either way, two years from now puts you dangerously close to or in "harms way." Be prepared for what could be a very dissapointing job search if you graduate in/around the upcoming recesion.

Your best bet is to start looking for the job you would want when you graduate and start interning at that company by/before/around 2009 while you finish your degree. Otherwise be prepared to sit on the sidelines without a job that requires a degree until the economy bounces back... which could take several years?

 

thanks for the advice, i was just joking about the buying a house for cheaper thing.

i am most likely (hoping) going to be teaching english in taiwan, china, or japan for the employed by either the govt of those countries or private firms.

if not, a few friends who are officers in the military said they can recommend me to be a teacher on base (whereever) for the DOD.

 

Sounds like you've got some exciting opportunities lined up. You should hit all those countries!

I was told by a business travelor from India that English is now the mandatory 2nd language taught concurrently with Mandarin in China.

If that is the case, you've got a lifetime of clients waiting for you!