Anyone have any insights about the real estate market around Jupiter, FL (Palm Beach County)? Prices look like they’ve sky rocketed in the last few years. I’m considering relocating there, but don’t want to buy into a bubble. How can I prevent that?

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All of FL is essentially a “bubble”. Prices have come down a fair bit in the past couple of years. Will it continue to boom or bust is a gamble. As long as more factors draw people into FL than out of FL, it may sustain.

Severe Hurricanes and 100-year floods are becoming more frequent. Insurers are leaving the state or not taking on any new policies. That’s a unique factor we haven’t yet seen play out in the real estate market over the long turn.

The only reasonable answer is renting. All else aside. You’re moving to a brand new place. You don’t know the city. Maybe you’ll grow to love it and stay there forever, but you may grow fond of a particular neighborhood, and that may not be the neighborhood you’d pick today coming in with little knowledge of the city. Let yourself settle in for a year and then decide whether to buy and where.

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