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RE: Is Real Estate in Key West Overvalued?
Real estate in my area is super over valued.... but you know supply and demand. Supply here is low and demand is high.
It is great if we wanted to sell and move somewhere else. However, as it is property taxes just keep going up as the assessed value skyrockets.... and the old salary isn’t increasing at the same rate.
I think that exact same thing is happening here in Key West!
I think salaries not increasing while everything else does is a problem we are going to have to live with for a while!