invite response« First « Previous Comments 4 - 43 of 85 Next » Last » Search these comments
4
AmericanKulak
2023 Mar 30, 1:29am
AmericanKulak
2023 Mar 30, 1:29am
Misc says
Honestly, not many. There are a few illegals but they are mostly in a different part of town.
How many more illegals squeezing into dwellings does it take for the prices to make sense? 4 families? 5?
Honestly, not many. There are a few illegals but they are mostly in a different part of town.
5
AmericanKulak
2023 Mar 30, 1:31am
AmericanKulak
2023 Mar 30, 1:31am
ad says
2 bed, 1 bath less than 800 sq ft around here listed for $250 and it's "under contract" for $220, and they had waves of people going in and out, took them almost 2 months to get an offer.
In fairness, that place was maybe $120k in the mid 2010s. No way it's genuinely worth anything like $220k.
Florida's peak sales are in the winter, not the summer, since that's when the most snowbirds and visitors are here. So it should drop off more in the Summer.
It is listed for sale, but lets see what price it sells at, if it does sell.
2 bed, 1 bath less than 800 sq ft around here listed for $250 and it's "under contract" for $220, and they had waves of people going in and out, took them almost 2 months to get an offer.
In fairness, that place was maybe $120k in the mid 2010s. No way it's genuinely worth anything like $220k.
Florida's peak sales are in the winter, not the summer, since that's when the most snowbirds and visitors are here. So it should drop off more in the Summer.
6
WookieMan
2023 Mar 30, 6:50am
WookieMan
2023 Mar 30, 6:50am
ad says
That’s assuming no other debt. Auto loans, credit cards, adult toys (boats and stuff like that for the perverts) etc.
I stick to the 3 ratio no matter what. And I’d go lower than that if interest rates exceed 10% IF I had to buy for employment or whatever reason. But even current income and job situation I’m not spending $1m on a house.
It is listed for sale, but lets see what price it sells at, if it does sell.
Sales volume has been significantly decreasing.
A lot of potential buyers may wait this out as buyers do this based on them expecting a deflationary environment.
Ultimately, wage growth needs to catch up with housing cost inflation to realize a more affordable housing market.
One way to track that is home price to household income ratio.
A 30 year mortgage rate of 3% allows for that ratio to be around 5. Now that ratio should be no more than 4.
.
That’s assuming no other debt. Auto loans, credit cards, adult toys (boats and stuff like that for the perverts) etc.
I stick to the 3 ratio no matter what. And I’d go lower than that if interest rates exceed 10% IF I had to buy for employment or whatever reason. But even current income and job situation I’m not spending $1m on a house.
7
clambo
2023 Mar 30, 7:08am
Where I lived the real estate surely did not collapse, rather the opposite.
Florida has a few areas which are pretty nice and the guys from NYC, NJ, CT and elsewhere have discovered them.
Florida has a few areas which are pretty nice and the guys from NYC, NJ, CT and elsewhere have discovered them.
8
Blue
2023 Mar 30, 9:14am
If anyone planning to live or move in near future away from urban areas, it’s still a great opportunity to buy ideally mostly with cash. Given this never ending QE under different types, the high inflation never stops.
Sadly, gov numbers are comical if you live near coasts or expensive urban areas any point in time. Stop wasting your time. There is one thing I learned after observing for long time not only just US but elsewhere, cash has been always trash.
Sadly, gov numbers are comical if you live near coasts or expensive urban areas any point in time. Stop wasting your time. There is one thing I learned after observing for long time not only just US but elsewhere, cash has been always trash.
9
Tenpoundbass
2023 Mar 30, 9:36am
Tenpoundbass
2023 Mar 30, 9:36am
Black Rock is buying up houses in Florida and putting them up for double and triple. Eventually a strawman company will buy it, locking in the price of that neighborhood. When everyone else starts putting houses up for sale at 3 and 4 times the asking price. Nobody will even show up to put in an offer. So Blackrock will get it by offering a more reasonable price absent of any other would be buyers they'll get it. This is how they acquire whole neighborhoods.
10
RWSGFY
2023 Mar 30, 9:53am
RWSGFY
2023 Mar 30, 9:53am
Tenpoundbass says
You probably meant to say Blackstone. These are the guys in the rental business.
Black Rock is buying up houses in Florida and putting them up for double and triple. Eventually a strawman company will buy it, locking in the price of that neighborhood. When everyone else starts putting houses up for sale at 3 and 4 times the asking price. Nobody will even show up to put in an offer. So Blackrock will get it by offering a more reasonable price absent of any other would be buyers they'll get it. This is how they acquire whole neighborhoods.
You probably meant to say Blackstone. These are the guys in the rental business.
11
Tenpoundbass
2023 Mar 30, 9:58am
Tenpoundbass
2023 Mar 30, 9:58am
Black Rock, Black Water, and Black Stone, anyone seeing a pattern here?
12
RWSGFY
2023 Mar 30, 10:00am
RWSGFY
2023 Mar 30, 10:00am
Tenpoundbass says
Blackwater hasn't been a thing for a long time. Changed names at least 2 times already.
Black Rock, Black Water, and Black Stone, anyone seeing a pattern here?
Blackwater hasn't been a thing for a long time. Changed names at least 2 times already.
13
RayAmerica
2023 Mar 30, 10:45am
RayAmerica
2023 Mar 30, 10:45am
After the real estate market collapsed in 2008, money on the secondary market (about 95% of all home mortgages) completely disappeared. The Federal Reserve stepped in to rescue the housing market by purchasing up to $80 Billion per month in Mortgage Backed Securities (MBS).
Unbelievably, this went on for 10 years, and the Fed is still in the MBS business.
After artificially keeping interest rates at historic lows, the geniuses at the Fed are now attempting to play catch up by raising rates. The result of the Real Estate Bubble 2? Ongoing price drops, the return of upside down mortgages, walk aways, and millions of homes that will be foreclosed upon. In short, another collapse that will be far worse than 2008 debacle.
Unbelievably, this went on for 10 years, and the Fed is still in the MBS business.
After artificially keeping interest rates at historic lows, the geniuses at the Fed are now attempting to play catch up by raising rates. The result of the Real Estate Bubble 2? Ongoing price drops, the return of upside down mortgages, walk aways, and millions of homes that will be foreclosed upon. In short, another collapse that will be far worse than 2008 debacle.
14
GNL
2023 Mar 30, 10:49am
GNL
2023 Mar 30, 10:49am
RayAmerica says
I call bullshit.
After the real estate market collapsed in 2008, money on the secondary market (about 95% of all home mortgages) completely disappeared. The Federal Reserve stepped in to rescue the housing market by purchasing up to $80 Billion per month in Mortgage Backed Securities (MBS).
Unbelievably, this went on for 10 years, and the Fed is still in the MBS business.
After artificially keeping interest rates at historic lows, the geniuses at the Fed are now attempting to play catch up by raising rates. The result of the Real Estate Bubble 2? Ongoing price drops, the return of upside down mortgages, walk aways, and millions of homes that will be foreclosed upon. In short, another collapse that will be far worse than 2008 debacle.
I call bullshit.
17
AD
2023 Mar 30, 11:22am
AD
2023 Mar 30, 11:22am
Tenpoundbass says
Also Invitation Homes Inc
.
Black Rock is buying up houses in Florida and putting them up for double and triple.
Also Invitation Homes Inc
.
18
zzyzzx
2023 Mar 30, 11:28am
zzyzzx
2023 Mar 30, 11:28am
https://www.reddit.com/r/florida/comments/1266ujb/i_cant_afford_to_live_here_anymore_whats_everyone/
I can't afford to live here anymore. What's everyone else doing about it?
My homeowners insurance is now $5000/yr, flood $6000/ yr. I had flood and homeowners claims with hurricane Ian. Taxes also increased another $1000/ year. My mortgage interest rate is low, but it doesn't matter when I can't afford taxes and insurance. I want to leave because i cant afford this. However, my family is all here in Florida and I want to stay a part of their lives. I know I'm not alone. I feel so stressed and defeated. What is everyone else doing?
I can't afford to live here anymore. What's everyone else doing about it?
My homeowners insurance is now $5000/yr, flood $6000/ yr. I had flood and homeowners claims with hurricane Ian. Taxes also increased another $1000/ year. My mortgage interest rate is low, but it doesn't matter when I can't afford taxes and insurance. I want to leave because i cant afford this. However, my family is all here in Florida and I want to stay a part of their lives. I know I'm not alone. I feel so stressed and defeated. What is everyone else doing?
19
AD
2023 Mar 30, 11:35am
AD
2023 Mar 30, 11:35am
zzyzzx says
A $5000 annual HO-3 policy means their home is likely worth at least $800,000. And they have to live within a 100 year flood plain or zone to be paying $6000 a year for flood insurance.
I pay $1550 a year for HO-3 and $500 a year for FEMA flood insurance for a $300,000 townhome (3bedrm, 2.5 bath, 2 car garage) built in 2016 and is 2 miles from the beach in the Florida panhandle.
.
My homeowners insurance is now $5000/yr, flood $6000/ yr.
A $5000 annual HO-3 policy means their home is likely worth at least $800,000. And they have to live within a 100 year flood plain or zone to be paying $6000 a year for flood insurance.
I pay $1550 a year for HO-3 and $500 a year for FEMA flood insurance for a $300,000 townhome (3bedrm, 2.5 bath, 2 car garage) built in 2016 and is 2 miles from the beach in the Florida panhandle.
.
20
Tenpoundbass
2023 Apr 2, 6:17pm
Tenpoundbass
2023 Apr 2, 6:17pm
The problem with central and north Florida lofty RE prices. Their market is based on those in the big markets, selling their house for big profits, and their exit plan it to move to a Central or North Florida town. But what has been attractive about that model was the retiree atmosphere there, and those houses have been below 200K. When it gets over that, what in the fuck am I going to sell my South Florida crap shack for $500 to $700K only to have to move to a back water Central Florida town and have to pay $500 to $700?
21
AmericanKulak
2023 Apr 2, 8:22pm
AmericanKulak
2023 Apr 2, 8:22pm
Exactly, TPB.
We're in the denial phase, where homesellers and especially "I wanna downsize and retire" types are hoping things "Get back to normal" over the next year with the interest rates.
In about 6-12 months, it'll be panic phase, as housesellers start cutting 5% a month to try to be first to dump.
There is no housing shortage in the mid/upper tiers. All the shortage is in 2 bed, 1-1.5 baths. The housing stock no longer reflects modern needs.
SINK/DINK/SMOKEM millfucks and empty nest boomers don't need more than 2-3 beds. Most of the zero lots and the old 60s-2000s era suburban homes are designed for 4-person families.
SMOKEM: Single Moms One Kid Entering Middleage
By 2030, 40% of Women over 30 will be single and childless, and 30% will be SMOKEM
We're in the denial phase, where homesellers and especially "I wanna downsize and retire" types are hoping things "Get back to normal" over the next year with the interest rates.
In about 6-12 months, it'll be panic phase, as housesellers start cutting 5% a month to try to be first to dump.
There is no housing shortage in the mid/upper tiers. All the shortage is in 2 bed, 1-1.5 baths. The housing stock no longer reflects modern needs.
SINK/DINK/SMOKEM millfucks and empty nest boomers don't need more than 2-3 beds. Most of the zero lots and the old 60s-2000s era suburban homes are designed for 4-person families.
SMOKEM: Single Moms One Kid Entering Middleage
By 2030, 40% of Women over 30 will be single and childless, and 30% will be SMOKEM
22
WookieMan
2023 Apr 2, 9:36pm
WookieMan
2023 Apr 2, 9:36pm
cisTits says
If you can't get a job you're a common retard. That's all. Companies are paying bonuses even if you're not in the field or have a college degree. They need humans to work. I can sign a $10k bonus offer in a week for a whole plethora of real, non-BS jobs. Most tech jobs are shit so managers don't have to do the work.
Some of you guys live in la la land. Maybe it's your region or you're bitching about your luck. I think pretty much most users here (not all) are within 100 miles of a coast. You don't live in the reality the rest of the country does.
No one needs to move besides for work. Most mortgages outside of the last year are all still low interest or paid off. So even if they have to sell they'll be fine. Sales volume drops when interest rates rise. I mean come on, this isn't brain surgery. Investors won't sell because they're cash flowing, so just keep the building/unit/commercial space. https://fred.stlouisfed.org/graph/?g=122RU
https://fred.stlouisfed.org/series/MSPUS
The prices are crashing in YOUR location. Just because you're down on your luck value wise in your area and don't have the cash to make a move, doesn't mean people aren't doing well elsewhere. We're literally below the inventory trend line in fucking spring selling season to get in a house by summer and a touch above the trend line for median sales price.
IL had its exodus. You guys in CA are just starting to feel it. Sorry. It's not that way everywhere else. Interest rates will stall appreciation, but this isn't a crash unless Biden or the FED completely fuck something up. Which is 70% likely. Have the gun powder ready, but this will be nothing like 2006-8. High floor on price drops, if any in most areas.
in a job market that is collapsing harder than it is for tech.
If you can't get a job you're a common retard. That's all. Companies are paying bonuses even if you're not in the field or have a college degree. They need humans to work. I can sign a $10k bonus offer in a week for a whole plethora of real, non-BS jobs. Most tech jobs are shit so managers don't have to do the work.
Some of you guys live in la la land. Maybe it's your region or you're bitching about your luck. I think pretty much most users here (not all) are within 100 miles of a coast. You don't live in the reality the rest of the country does.
No one needs to move besides for work. Most mortgages outside of the last year are all still low interest or paid off. So even if they have to sell they'll be fine. Sales volume drops when interest rates rise. I mean come on, this isn't brain surgery. Investors won't sell because they're cash flowing, so just keep the building/unit/commercial space. https://fred.stlouisfed.org/graph/?g=122RU
https://fred.stlouisfed.org/series/MSPUS
The prices are crashing in YOUR location. Just because you're down on your luck value wise in your area and don't have the cash to make a move, doesn't mean people aren't doing well elsewhere. We're literally below the inventory trend line in fucking spring selling season to get in a house by summer and a touch above the trend line for median sales price.
IL had its exodus. You guys in CA are just starting to feel it. Sorry. It's not that way everywhere else. Interest rates will stall appreciation, but this isn't a crash unless Biden or the FED completely fuck something up. Which is 70% likely. Have the gun powder ready, but this will be nothing like 2006-8. High floor on price drops, if any in most areas.
23
WookieMan
2023 Apr 3, 3:38pm
WookieMan
2023 Apr 3, 3:38pm
cisTits says
Iwog 2.0. Discussing arguments and conflict and not talking about actual facts. There are plenty of jobs out there. RE brokers, mortgage brokers, etc. will be just fine because 80% of them make dick. The top performers bring up the average. Here's the reality: https://www.vaned.com/blog/real-estate-agent-salary/
Living commission to commission is a miserable life. I watched it for 15 years. 80-90% of brokers make shit money. 10% maybe break 6 figures after paying the broker split, marketing, MLS fees, etc. Most would have been better off at McDonalds.
You're clearly bitter about something. No one is gaslighting. The top 10% WANT shit to hit the fan. If you can last through a downturn your job becomes massively easier moving forward in RE. But what do I know.... Didn't live it or anything.
...no matter how much you try to gaslight it.
Iwog 2.0. Discussing arguments and conflict and not talking about actual facts. There are plenty of jobs out there. RE brokers, mortgage brokers, etc. will be just fine because 80% of them make dick. The top performers bring up the average. Here's the reality: https://www.vaned.com/blog/real-estate-agent-salary/
Living commission to commission is a miserable life. I watched it for 15 years. 80-90% of brokers make shit money. 10% maybe break 6 figures after paying the broker split, marketing, MLS fees, etc. Most would have been better off at McDonalds.
You're clearly bitter about something. No one is gaslighting. The top 10% WANT shit to hit the fan. If you can last through a downturn your job becomes massively easier moving forward in RE. But what do I know.... Didn't live it or anything.
24
zzyzzx
2024 Mar 18, 11:56am
zzyzzx
2024 Mar 18, 11:56am
https://www.newsweek.com/florida-housing-market-out-sync-rest-us-1880203
Florida's Housing Market Is Out of Sync With Rest of US
Florida is leading the rise in active property listings across the country, according to the latest data from real-estate services firm Redfin, with the total supply of homes for sale in places like Cape Coral climbing more than 75 times faster than the national average between January and February.
Florida's Housing Market Is Out of Sync With Rest of US
Florida is leading the rise in active property listings across the country, according to the latest data from real-estate services firm Redfin, with the total supply of homes for sale in places like Cape Coral climbing more than 75 times faster than the national average between January and February.
25
WookieMan
2024 Mar 18, 1:28pm
WookieMan
2024 Mar 18, 1:28pm
zzyzzx says
Yup. Inventory. Has this not been mentioned before....?? Boomers and snowbirds have already moved there permanently. Young people cannot afford it or want to live in geezerville. Won't be a crash because of no income tax, but FL has some future issues coming.
https://www.newsweek.com/florida-housing-market-out-sync-rest-us-1880203
Florida's Housing Market Is Out of Sync With Rest of US
Florida is leading the rise in active property listings across the country, according to the latest data from real-estate services firm Redfin, with the total supply of homes for sale in places like Cape Coral climbing more than 75 times faster than the national average between January and February.
Yup. Inventory. Has this not been mentioned before....?? Boomers and snowbirds have already moved there permanently. Young people cannot afford it or want to live in geezerville. Won't be a crash because of no income tax, but FL has some future issues coming.
26
AD
2024 Mar 18, 1:49pm
AD
2024 Mar 18, 1:49pm
WookieMan says
That is a good post, zzyzzx
True Wookie, but I think Florida panhandle will fare the best in Florida because of various reasons.
One is that it is a 1 day drive to many major metro areas like Nashville, Atlanta, etc.
Its about 900 miles from Chicago to Panama City Beach, so that could be done in one day based on 14 hours at 65 miles per hour. That makes it within 1 day drive of visiting family like grandchildren.
Also, the beaches are better since they are white sand and the water is emerald averaging about 50 feet visibility.
Also I'm seeing more work-from-home residents, and even the candidate (Stuart T.) running for Panama City Beach mayor is a Silicon Valley exec who works from home.
But track the sales trends in Panama City Beach such as townhome communities like Hathaway Townhomes and Waterfall Townhomes.
.
Yup. Inventory. Has this not been mentioned before....?? Boomers and snowbirds have already moved there permanently. Young people cannot afford it or want to live in geezerville. Won't be a crash because of no income tax, but FL has some future issues coming.
That is a good post, zzyzzx
True Wookie, but I think Florida panhandle will fare the best in Florida because of various reasons.
One is that it is a 1 day drive to many major metro areas like Nashville, Atlanta, etc.
Its about 900 miles from Chicago to Panama City Beach, so that could be done in one day based on 14 hours at 65 miles per hour. That makes it within 1 day drive of visiting family like grandchildren.
Also, the beaches are better since they are white sand and the water is emerald averaging about 50 feet visibility.
Also I'm seeing more work-from-home residents, and even the candidate (Stuart T.) running for Panama City Beach mayor is a Silicon Valley exec who works from home.
But track the sales trends in Panama City Beach such as townhome communities like Hathaway Townhomes and Waterfall Townhomes.
.
27
beershrine
2024 Mar 18, 2:37pm
The older homes get flipped and get a premium put on them. The first example house with all white everywhere is a dump with staged images.
Boomers cash out and pay all cash on their forever house and there are millions of them doing. IMO anywhere near the coast you have too many people and to much demand. 40yrs in Anaheim we had enough shit, Chinese techies buying everything in site at whatever price. The more money the government prints the more cash people will end up with except for the retires fixed income.
It can by cheap in Florida you just have to go outside the line of commuting like anywhere.
Boomers cash out and pay all cash on their forever house and there are millions of them doing. IMO anywhere near the coast you have too many people and to much demand. 40yrs in Anaheim we had enough shit, Chinese techies buying everything in site at whatever price. The more money the government prints the more cash people will end up with except for the retires fixed income.
It can by cheap in Florida you just have to go outside the line of commuting like anywhere.
28
AmericanKulak
2024 Mar 18, 5:57pm
AmericanKulak
2024 Mar 18, 5:57pm
zzyzzx says
WookieMan says
What goes up, comes down - especially in Florida. Each time the developers, real estate agents, and homeloaners deny the obvious until it's more than obvious.
Inventory is starting to skyrocket and rents are down almost 10% YoY generally in the state.
The FL State Condominium Act is resulting in 25-30 year old buildings from the 80s and 90s being forced to inspect and add to reserves. Grouchy Grandpas can't bully or control condo boards and push it down the line anymore by law. The Result is either exploding condo fees or big 5 figure one-time assessments, then the issue of telling a buyer the building needs major structural work in the next decade and the condo fees are doubling from $300 to $600, or the seller has to give up $20k to cover the assessment.
Another $300/month when you're already covering a big 7% mortgage payment on $300k is a killer.
When Condos get sick, SFH gets a nasty sneeze.
Everybody knows it's the peak.
https://www.newsweek.com/florida-housing-market-out-sync-rest-us-1880203
Florida's Housing Market Is Out of Sync With Rest of US
Florida is leading the rise in active property listings across the country, according to the latest data from real-estate services firm Redfin, with the total supply of homes for sale in places like Cape Coral climbing more than 75 times faster than the national average between January and February.
WookieMan says
Yup. Inventory. Has this not been mentioned before....?? Boomers and snowbirds have already moved there permanently. Young people cannot afford it or want to live in geezerville. Won't be a crash because of no income tax, but FL has some future issues coming.
What goes up, comes down - especially in Florida. Each time the developers, real estate agents, and homeloaners deny the obvious until it's more than obvious.
Inventory is starting to skyrocket and rents are down almost 10% YoY generally in the state.
The FL State Condominium Act is resulting in 25-30 year old buildings from the 80s and 90s being forced to inspect and add to reserves. Grouchy Grandpas can't bully or control condo boards and push it down the line anymore by law. The Result is either exploding condo fees or big 5 figure one-time assessments, then the issue of telling a buyer the building needs major structural work in the next decade and the condo fees are doubling from $300 to $600, or the seller has to give up $20k to cover the assessment.
Another $300/month when you're already covering a big 7% mortgage payment on $300k is a killer.
When Condos get sick, SFH gets a nasty sneeze.
Everybody knows it's the peak.
29
AmericanKulak
2024 Mar 18, 6:10pm
AmericanKulak
2024 Mar 18, 6:10pm
The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—fell back to 147.2 (1985=100) in February from 154.9 in January. The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—slipped to 79.8 (1985=100), down from a revised 81.5 in January. An Expectations Index reading below 80 often signals recession ahead.
“The decline in consumer confidence in February interrupted a three-month rise, reflecting persistent uncertainty about the US economy,” said Dana Peterson, Chief Economist at The Conference Board. “The drop in confidence was broad-based, affecting all income groups except households earning less than $15,000 and those earning more than $125,000. Confidence deteriorated for consumers under the age of 35 and those 55 and over, whereas it improved slightly for those aged 35 to 54.”
https://www.conference-board.org/topics/consumer-confidence
“The decline in consumer confidence in February interrupted a three-month rise, reflecting persistent uncertainty about the US economy,” said Dana Peterson, Chief Economist at The Conference Board. “The drop in confidence was broad-based, affecting all income groups except households earning less than $15,000 and those earning more than $125,000. Confidence deteriorated for consumers under the age of 35 and those 55 and over, whereas it improved slightly for those aged 35 to 54.”
https://www.conference-board.org/topics/consumer-confidence
30
WookieMan
2024 Mar 19, 7:59am
WookieMan
2024 Mar 19, 7:59am
AD says
It should be fine, but there are sections at risk. St. George Island I think might take a beating at some point. Places like Pensacola, Panama City, Navarre, Destin, etc. along the coast should do okay.
The drive is one thing, which I've done at least 20-25 times, but as much as people crap on flying, you have Pensacola, Destin and Panama City airports. So combined with airfare it's going to be a popular spot. I know I love it. We're going to central FL this year for spring break. My mom and sister will be in Navarre Beach next week.
Weathers not looking the best for us, but whatever. Better than 55ºf and windy. Just get me out of IL. Pays well, people near me are good, but it's as bland as can be. Why we travel so much.
True Wookie, but I think Florida panhandle will fare the best in Florida because of various reasons.
It should be fine, but there are sections at risk. St. George Island I think might take a beating at some point. Places like Pensacola, Panama City, Navarre, Destin, etc. along the coast should do okay.
The drive is one thing, which I've done at least 20-25 times, but as much as people crap on flying, you have Pensacola, Destin and Panama City airports. So combined with airfare it's going to be a popular spot. I know I love it. We're going to central FL this year for spring break. My mom and sister will be in Navarre Beach next week.
Weathers not looking the best for us, but whatever. Better than 55ºf and windy. Just get me out of IL. Pays well, people near me are good, but it's as bland as can be. Why we travel so much.
31
AD
2024 Mar 19, 5:13pm
AD
2024 Mar 19, 5:13pm
.
Rent is at best stabilizing in Panama City area ... I've noticed that its a lot easier to be a renter now as they are still charging 2021 rates
.
,
Rent is at best stabilizing in Panama City area ... I've noticed that its a lot easier to be a renter now as they are still charging 2021 rates
.
,
32
AD
2024 Mar 23, 1:06pm
AD
2024 Mar 23, 1:06pm
.
looks like rent is going down even in the nicer part of the Florida panhandle
.
.
looks like rent is going down even in the nicer part of the Florida panhandle
.
.
34
AD
2024 Mar 24, 12:08am
AD
2024 Mar 24, 12:08am
Panama City Beach down about 3% from peak prices set July 2022. Consider also income has gone up about 10%.
.
.
.
.
35
WookieMan
2024 Mar 24, 5:50am
WookieMan
2024 Mar 24, 5:50am
In Bradenton, FL currently. Haven’t looked at real estate but I can tell when an area goes south. Pretty normal here. Didn’t see a lot of for sale signs.
We’ll see over the few days. Our Orlando leg seemed pretty normal considering the Disney backlash. Every chair was taken at Typhoon Lagoon waterpark. Not a super warm day either.
I don’t frequent this part of FL too often, but the vibe is good. I know some are tourist but have noticed they’re pretty fat in this part of FL. Unattractive 20-35 year olds. I think the chicks that age from TN, AL, GA, MS all drive to rich parents rental properties in the panhandle and not this far south. Or go to Miami.
We’ll see over the few days. Our Orlando leg seemed pretty normal considering the Disney backlash. Every chair was taken at Typhoon Lagoon waterpark. Not a super warm day either.
I don’t frequent this part of FL too often, but the vibe is good. I know some are tourist but have noticed they’re pretty fat in this part of FL. Unattractive 20-35 year olds. I think the chicks that age from TN, AL, GA, MS all drive to rich parents rental properties in the panhandle and not this far south. Or go to Miami.
36
AD
2024 Mar 27, 1:26am
AD
2024 Mar 27, 1:26am
.
https://www.cnn.com/2021/07/01/us/surfside-champlain-towers-condo-board-members-quit/index.html
See above. In October 2018 the engineer who inspected Champlain Towers in Surfside (Miami Beach) said that they needed major structural repair.
In September 2019 the HOA President and most of the HOA board resign out of disagreement. They estimated $9 for repairs.
By 2021 the board agreed to $15 million for starting the repairs.
They waited at least 3 years to make those repairs ? If they started those repairs in 2019 then it could have prevented the collapse.
.
https://www.cnn.com/2021/07/01/us/surfside-champlain-towers-condo-board-members-quit/index.html
See above. In October 2018 the engineer who inspected Champlain Towers in Surfside (Miami Beach) said that they needed major structural repair.
In September 2019 the HOA President and most of the HOA board resign out of disagreement. They estimated $9 for repairs.
By 2021 the board agreed to $15 million for starting the repairs.
They waited at least 3 years to make those repairs ? If they started those repairs in 2019 then it could have prevented the collapse.
.
37
zzyzzx
2024 Mar 27, 7:46am
zzyzzx
2024 Mar 27, 7:46am
AD says
Five members of the Champlain Towers South condo association’s seven-member board – including its president, Anette Goldstein – decided to resign in the fall of 2019, when the association was debating multimillion-dollar repairs, the Washington Post reported, citing board meeting minutes and Goldstein’s resignation letter.
I bet a lot of the other condo association seven-member board had something in common with Anette.
See above. In October 2018 the engineer who inspected Champlain Towers in Surfside (Miami Beach) said that they needed major structural repair.
In September 2019 the HOA President and most of the HOA board resign out of disagreement. They estimated $9 for repairs.
Five members of the Champlain Towers South condo association’s seven-member board – including its president, Anette Goldstein – decided to resign in the fall of 2019, when the association was debating multimillion-dollar repairs, the Washington Post reported, citing board meeting minutes and Goldstein’s resignation letter.
I bet a lot of the other condo association seven-member board had something in common with Anette.
38
AD
2024 Mar 27, 10:25am
AD
2024 Mar 27, 10:25am
zzyzzx says
Well man, its the Miami metro area so its like you asking if there are any soul food restaurants in Atlanta or south Chicago, or kosher delis in Hollywood or Los Angeles :-/
Its just that there is a relative decrease in their demographic size. Look at the Presidential vote for Palm Beach County in 1988 to 2000.
Then examine how it was in 2020 for the Presidential race and also the Governor's race in 2022, particularly for Palm Beach County.
.
I bet a lot of the other condo association seven-member board had something in common with Anette.
Well man, its the Miami metro area so its like you asking if there are any soul food restaurants in Atlanta or south Chicago, or kosher delis in Hollywood or Los Angeles :-/
Its just that there is a relative decrease in their demographic size. Look at the Presidential vote for Palm Beach County in 1988 to 2000.
Then examine how it was in 2020 for the Presidential race and also the Governor's race in 2022, particularly for Palm Beach County.
.
39
AD
2024 Apr 4, 10:26am
AD
2024 Apr 4, 10:26am
.
As predicted about 2 years ago with the insurance legislation signed by Governor DaSantis.
The governor even stated he expected to see more insurance companies to enter the Florida insurance market when the legislation was being debated in the state house and senate.
https://www.wptv.com/money/real-estate-news/8-new-property-insurance-companies-approved-to-enter-florida-market
.
As predicted about 2 years ago with the insurance legislation signed by Governor DaSantis.
The governor even stated he expected to see more insurance companies to enter the Florida insurance market when the legislation was being debated in the state house and senate.
https://www.wptv.com/money/real-estate-news/8-new-property-insurance-companies-approved-to-enter-florida-market
.
40
zzyzzx
2024 Apr 5, 9:10am
zzyzzx
2024 Apr 5, 9:10am
https://www.newsweek.com/florida-house-prices-slashed-multiple-cities-1887185
Florida House Prices Slashed in Multiple Cities
Some prices are being slashed by sellers in Florida at a much faster pace than in the rest of the country, according to the latest data from online platform Zillow.
February data released by the real estate brokerage show that 33 percent of home listings in the Tampa metropolitan area had a price reduction in the same month—the highest number for a metropolitan area in the entire country and up 3.7 percent compared with a year before. At the national level, 20.1 percent of home listings had price cuts, up 2 percent from a year ago.
Florida House Prices Slashed in Multiple Cities
Some prices are being slashed by sellers in Florida at a much faster pace than in the rest of the country, according to the latest data from online platform Zillow.
February data released by the real estate brokerage show that 33 percent of home listings in the Tampa metropolitan area had a price reduction in the same month—the highest number for a metropolitan area in the entire country and up 3.7 percent compared with a year before. At the national level, 20.1 percent of home listings had price cuts, up 2 percent from a year ago.
42
AmericanKulak
2024 Apr 10, 9:46am
AmericanKulak
2024 Apr 10, 9:46am
AD says
Back to normal! $1500 in Orlando for a 2 bed. Two years ago it was close to $2000. $1250 would be pre-COVID, I'd be surprised to see it go that low given costs and inflation increases.
looks like rent is going down even in the nicer part of the Florida panhandle
Back to normal! $1500 in Orlando for a 2 bed. Two years ago it was close to $2000. $1250 would be pre-COVID, I'd be surprised to see it go that low given costs and inflation increases.
43
AmericanKulak
2024 Apr 10, 9:48am
AmericanKulak
2024 Apr 10, 9:48am
zzyzzx says
I posted that story. The board was in favor of an assessment for structural repairs. Then some smartass owner came in to the meeting and yelled about fixed income and not being necessary right now, and the property owners themselves agreed with him and voted against the assessment.
The President resigned in disgust that the majority of owners voted against the structural repair work and was frustrated that with an entire year of hearings and reviews over the damage and expense required to fix it, nobody showed up or expressed concerns until the day of the final vote.
So Ms. Goldstein was for fixing the problem.
Read more at: https://www.miamiherald.com/news/local/community/miami-dade/miami-beach/article252505623.html#storylink=cpy
Sorry, that JQ puzzle piece can't be trimmed; it just don't fit! Although in fairness it was probably some other cheap Brooklynite that marshalled the against repairs/assessment vote. But that just proves that the magik Jew telepathy command broadcast tower doesn't exist
Five members of the Champlain Towers South condo association’s seven-member board – including its president, Anette Goldstein – decided to resign in the fall of 2019, when the association was debating multimillion-dollar repairs, the Washington Post reported, citing board meeting minutes and Goldstein’s resignation letter.
I posted that story. The board was in favor of an assessment for structural repairs. Then some smartass owner came in to the meeting and yelled about fixed income and not being necessary right now, and the property owners themselves agreed with him and voted against the assessment.
The President resigned in disgust that the majority of owners voted against the structural repair work and was frustrated that with an entire year of hearings and reviews over the damage and expense required to fix it, nobody showed up or expressed concerns until the day of the final vote.
So Ms. Goldstein was for fixing the problem.
A year after a 2018 engineering report showed the Champlain Towers South condo was in dire need of extensive structural work, squabbling about what to do next led to board resignations, inactivity and confusion that delayed repairs. The cost, which at the time would have been an estimated $9 million, skyrocketed over the next few years. In an internal letter obtained by The Washington Post dated Sept. 4, 2019, Champlain Towers South Condo Association president Annette Goldstein announced she was quitting as the board’s president, citing frustration over the inability to proceed with the work. Five other members of the seven-person board quit later that fall. “We work for months to go in one direction and at the very last minute objections are raised that should have been discussed earlier and resolved right in the beginning,” Goldstein wrote in a letter sent to all 135 unit owners.
Read more at: https://www.miamiherald.com/news/local/community/miami-dade/miami-beach/article252505623.html#storylink=cpy
Sorry, that JQ puzzle piece can't be trimmed; it just don't fit! Although in fairness it was probably some other cheap Brooklynite that marshalled the against repairs/assessment vote. But that just proves that the magik Jew telepathy command broadcast tower doesn't exist
« First « Previous Comments 4 - 43 of 85 Next » Last » Search these comments
2015 - Sold For $155k
2/8/2019 Sold $209,000
Now? Asking $400,000
So we're to believe in 4 years, that this house legit went up almost double. Or in a decade went up almost triple.
Another one:
https://www.zillow.com/homedetails/3802-Sunbeam-Ct-Merritt-Island-FL-32953/43404282_zpid/?mmlb=g%2C13
11/25/2013 Sold
$193,500
-3.2%
$98/sqft
2/14/2023 Listed for sale
$514,900
+166.1%
$261/sqft
Source: DBAMLS #1105834 Report a problem
Both of these houses were minimally updated. The first one was built in the 1960s.
I got half dozen more examples. Here's another, it was just under $250k in what looks like a Steelolanogranite Realtor Flip Special in 2019, before COVID. It was purchased late 2018 for under $172k. Now they want almost $500k for it just 5 years later.
https://www.zillow.com/homedetails/356-W-Dover-St-Satellite-Beach-FL-32937/43448773_zpid/
If you're curious, check out Palm Bay and Melbourne on the mainland. 1950s/1960s Space Program small cinderblock specials, some with no Central Air, are going for almost the same as brand new construction much larger and more modern.