The press in Florida reports on the confusion surrounding the housing bubble. "A key House committee on Tuesday advanced a package of new programs, new spending and new mandates for local governments to address a housing crunch driving workers from the costliest corners of Florida. Palm Beach County's affordable housing talk grew teeth Tuesday, with county commissioners agreeing to force developers to limit some new home prices."

"'The builders are going to hate it. The realtors are going to hate it. Too bad,' Commissioner Warren Newell said. 'We have to do what's right for the community.'"

"Florida lawmakers are scrambling to find an election-year fix to a law that was designed to help save people from skyrocketing property taxes but has instead made many of them financial prisoners in their own homes. Across the state, Floridians are finding that they can't afford to move into a new home because of rising prices and property taxes, a legacy of the red-hot real-estate market and the unintended consequence of a constitutional amendment called Save Our Homes."

The answers are there to see. "Bucking the condo-conversion trend of the past few years, a California investment firm that paid $27.57 million for a 376-unit apartment complex in North Miami plans to maintain it as a rental community."

And a letter to the editor sees through the fog. "Everyone knows that housing prices are out of sync with reality. It's the quiet little secret no one wants to talk about. I have been watching the real estate market for over three years nowby going to realtor.com. I have been putting in the same numbers for over two years. They are a single family home between $300K and $400K in Boca Raton. Last year at this time, there were only about 95 houses for sale; as of this writing, there are 237 houses for sale. That number has climbed every week since December."

"There are a total of 5,039 properties for sale in Boca Raton alone, this is almost 2.5 times the number of houses that were on the market a year ago. What does this tell you? It tells you the investors are starting to bail out of the market, it tells you buyers do not want to buy in a market that is going down. It tells you home prices are out of kilter. Who in their right mind is going to spend $400,000 on a house with 1,500 square feet under air with a carport? Taxes alone are at least $6,000 a year and insurance is another $5,000 a year. You can move up the coast and get a new home for $250,000."

"The reason the bubble is popping: Interest rates are going to keep going up. Those interest-only loans are coming home to roost and people cannot afford them anymore." "Insurance rates will only keep going up, taxes will only keep going up. Investors cannot make a profit anymore."

"My advice to people selling their homes and who really want to sell their homes: Lower your price so that you are the lowest-priced home with the same square footage in your area. You will be rewarded by selling your home quicker and those people who kept their prices high will kick themselves when they have to sell for lower than your selling price."