Naysayers may now recoil back to their dark holes
because there is no longer denying the housing market and our underlying
population growth model in Tampa Bay is vibrant and solid.
It is now cheaper to buy a home in Tampa Bay then
to rent one. Aggressive pricing combined with record low mortgage rates
assure the continued success of what critics slandered as “the condo
The dynamic growth model responded quickly to an
unusual blip in housing value increases by producing value to the new
market conditions and demands.
“The cure all to this small delay of economic
growth is the delay itself. We always knew things would work out sooner
or later” Said Tampa Bay Chamber Partnership Vice President Dick
Bornhere at a recent phone interview. “The great strength of basing our
entire economic engine in the hands of a few developers is once again
The Tampa Bay Chamber data show that a $135,000
mortgage, the are average home sale price, at 4.5% would cost $675 plus
taxes and upkeep. This is still well below the cost of renting the same
home. In fact the cost would be 30% less.
This average price would require a salary of
approximately $45,000 to qualify for the mortgage yet the average worker
in Tampa Bay makes only $35,000. Furthermore it is unclear how the
record number of unemployed would be able qualify for a mortgage.
“Why be so negative, this is good news! We are in
recovery and have been since the beginning of the blip” Said Bornhere.
“All news is good news, stop thinking and just listen to me.”