Skip to content
Advertisements

Florida’s Real Estate Forecast: Still Sunny

sun.gifFlorida real estate may be in a slump, but its future is golden. That’s the good news former Wall Street economist Richard Hokenson delivered last week to Tampa Bay’s Chartered Financial Analysts.

“Ride the wave,” he told them, but he wasn’t talking about surfing. Hokenson, who runs a demographics consulting firm in New Jersey, said the wave of baby boomers rolling into retirement provides an investment opportunity.

“There’s a baby boom tsunami and a fixed supply of coastal land,” he said at the meeting at the University Club. Whether boomers can afford a Florida retirement may depend on whether they can shed their NIKEs, the acronym Hokenson bandied for “No Income Kids with Education.” Hokenson says population trends explain 70 percent of what happens in the economy.

Sep 18, 2006, from the St. Petersburg Times

Advertisements
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: