One of the reasons property prices are low in Florida is that there are tens of thousand of new unsold holiday homes in the greater Miami/Fort Lauderdale/Palm Beach area alone.
If you want a place to buy to live it may be a good time now while prices are low, but as an investment they will take a long time to recover and have a lot of competition to rent.
Remember also that Florida property tax is 4% per annum.
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