Is it possible that the government 'bailout' might actually be hampering the efforts of cash flush funds looking to buy in Florida? I don't know that there is a clear answer, yet. There are literally billions of dollars sitting on the side lines of Florida real estate waiting for an answer from Washington. Idiologically, wouldn't it be better for our government to let the free market run its course? This way the cash rich funds would pump money into our local economy and absorb lots of vacant product. Wouldn't Florida be stronger for it?
What are your thoughts?
Here's a good article: http://www.miamiherald.com/business/story/707026.html