Florida’s Real Estate Forecast: Still Sunny

Florida 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.

Source: St. Petersburg Times