I have heard from many that Florida is going to be the last state to recover, mostly due to our last decade of dependence on construction, lending & the massive migration of people who decided to make Florida home. Now with the massive exodus out and the real estate bust.. I hear that Orlando, where I live was hit the hardest.
Trulia, this great site for all sorts of real estate factoids emailed me yesterday to let me know my house value has dropped 20% since January 2009. This is alarming since I bought the house in January 2009 and put 20% down and realize I am probably under water, with the recent appraisal of my neighbor's home.
So I wonder what steps we can take to improve our own lot in life? For me, I am "rebranding" myself and working to become indispensable to my employer.
So take a gander at this latest news article. It's shouldn't be surprising Florida's unemployment rate is at 12.2pts and climbing. The ripple effect is quite scary. I think it's time for me to plant a garden and try to refinance my house!
http://www.sun-sentinel.com/business/fl-unemployment-february-20100326,0,4358873.story
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