South Florida is Hot for Houses: Taxes, FOMO and the Fear of a Bubble
FineMark Radio
English - December 16, 2021 06:00 - 15 minutes - 14.6 MB - ★★★★★ - 4 ratingsInvesting Business Entrepreneurship business investing finance news economy wealth management Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: The Power of Music: An Interiew with Grace Notes Director Sandra Baran
The real estate craze seen across the country has people feeling a deep sense of FOMO as the supply of housing diminishes in markets deemed desirable. Specifically, Florida has seen bidding wars and massive increases in real estate pricing as people from the Northeast migrate south in search of better weather, lower taxes and an enhanced quality of life.
In this episode, FineMark Bank Market President for Palm Beach David Scaff and Senior Vice President Doug Parkey discuss how the real estate boom has affected banking, lending and consumer behavior in South Florida.
During their conversation, David and Doug discuss:
Real estate trends we can expect to see as people begin to get back to normalWhether we are in a real estate bubble similar to 2008How consumer expectations have led banks to process loans fasterWays in which lending regulations have led to a more stable market