It should be no surprise to anybody that real estate and homes are very cheap in Florida right now. I watched Property Virgins the other day and saw a couple looking to spend just under 300,000 on a new home in Florida.
Well the REALTOR was showing them some McMansions, the largest home I saw was 4000 square feet with 5 bedrooms all for an MLS asking price of $285,000! I had to laugh at these prices. What an amazing deal when you compare it to some of the House Hunter International shows I've seen where couple have been buying small apartment condos for between $400,000 to $500,000!
As they say Real Estate is all about location, location, location!