Submitted by Michael- Orlando,FL, Jul 29, 2008 17:36

The banking layoffs in NYC will cause the real estate market to weaken considerably, removing qualified prospects from the buyer market. This will cause property values to drop and will affect tax revenues for the city. But this will mean a boost for the recovery of the Central Florida housing market, as companies finally decide to invest in opening branch offices down here, and relocating workers who can come out ahead due to our lower taxes and property values. $260,000 can still buy more here than in NYC. Our recovery has begun!

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