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Intuitively we all know prices have gone up. Statistically, the number of gross sales in Key West as a whole are down by 22{1cbe35370297a2466e6b199769c449faf16f0a5d69f572f9b19ff79a89501e97} compared to 2015. The demand for houses has remained intense for the twenty-two years I’ve been selling homes here. In 1996 and 1997 a buyer could buy a cigar maker cottage for somewhere around $250,000. Now a cigar maker cottage will price near a million dollars. Back in 1996 the best priced homes offered around a million dollars. In 2017 there have been no gross sales underneath a million within the Casa Marina but there were 14 over one million – three over $3,000,000. The demand for good homes in good areas is there. The stock of obtainable houses on the market within the lower price range in Outdated Town and Casa Marina is lacking.
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Finally, if housing were plentiful and low cost, we would most likely cease having large housing bubbles. One good way of describing a speculative bubble is a moment when society deludes itself into believing that something plentiful is scarce, or will quickly be. Within the mid-2000s, banks and householders got here to imagine that homes could be scarce in places like Las Vegas and Phoenix, even though there were sufficient supplies, land and labor to maintain constructing and constructing and constructing.
In Monroe, one in every of Michigan’s oldest counties, one can find the home of General Custer, many ghosts drifting alongside the River Raisin, and a sure island in the midst of Plum Creek. On the island, there are Native American artifacts, trash from partying youngsters, the shells of burnt out houses, the remains of mutilated small game, like raccoons and rabbits, and Dog Girl. Dog Woman Island might sound like a wasteland, and perhaps it’s. As soon as upon a time ago, it was often called Fox Island and housed a mansion that served as a non secular school for ladies. In the 1800s the rich Kausler household bought the island and renamed it Kausler Island. They lived within the mansion and had two caretakers. A husband and a spouse.