Homeowners all over Florida are feeling the burn…and I’m not talking about the heat caused by the wildfires all over the state. The burn I’m speaking of is caused by the housing market dropping daily! Homes in our neighborhood that were completed a year ago sit empty, and the builder just recently lowered the base price of the homes another $10K, and added in another floor plan to entice buyers. My model is priced $17K lower than when we signed the papers on this home in September of 2006. I know the market will bounce back, but I don’t like seeing prices fall like this. If any old investor can get a mortgage on a home to buy sight unseen, there’s a problem with the housing industry. Shame on our builder for even letting investors buy homes in here to begin with…because of that, I can’t even remortgage my home right now. I have no sympathy for the investors who lost their shirts when they attempted to flip these homes. They thought it was easy money - just get a few secured loans, buy a few houses, sell them in 6 months, and walk away with a lot of cash, huh? Ha!