Being optimistic about Central Florida Real Estate Market

It's funny to ItsYourSale.com the optimism that these Realtors and online publications keep having and the attempt to stay positive.

See: http://www.inman.com/news/2008/11/19/reinventing-real-estate-industry

How bad does it have to get before they lose the optimism? I am as optimistic as any body and I am still in business after huge financial struggles but I know that optimism at this point is just hurting the industry.

The real estate market in Central Florida and Orlando Condos even more is in absolute disarray. Nothing short of a Bailout will recover this situation but why bail this out? 25% of these mortgages that are bad and in foreclosure are to out of state investors and quite possible out of country buyers. The fact that Central Florida condos was giving 60k cash back at closing, let me repeat that $60,000 cash to you in your bank account if you buy a condo in Orlando with 100% financing and no money down was going on two years ago. I saw it first hand and geez I wonder if these condos are in foreclosure. The condo market in Orlando and surrounding areas is a joke and anyone that purchased one to actually live in, I sincerely feel bad for you. Your condo prices will continue to fall you will be more than 50% upside down in equity in your condo and you probably will do what everyone else is doing right now.....Stop making your payments.... On the other hand if you have the cash and good credit you should be picking these up for rentals.... :)