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The housing collapse is going to happen a couple of months or so after the rate first cut.
That's when the sellers won't see a sudden onslaught of buyers they're expecting, and realize they need to cut prices deeper.
Florida ranks very high for K-12 public education, and higher than California.
AD says
Florida ranks very high for K-12 public education, and higher than California.
Florida was close to bottom for many decades. The past decade or so of Ed Reform and Higher Standards worked magic.
The housing collapse is going to happen a couple of months or so after the rate first cut.
That's when the sellers won't see a sudden onslaught of buyers they're expecting, and realize they need to cut prices deeper.
. Ultimately younger dads have gotten too passive.
Your fifteen minute city dream apartment in Miami.
That is about equal to the studio I lived in for $850 several years in the late 90s to early naughties.
A shitbox multiplex showing in that video was most definitely a shitty ran down section 8 housing, owned by a slumlord. They smelt like bug spray and dog piss.
Hah if you were paying that much back then it was for one of two reasons.
Average boomer is at minimum SS age. I
We only have I think two 55+ communities in my region.
just sold for $313,500 this month
here is another recent sale in The Villages https://www.zillow.com/homedetails/1918-Walden-Way-The-Villages-FL-32162/66225215_zpid/
Poor fools. In 2-3 years it'll be $250k
Bay County, Florida and Panama City it at least actively is diversifying its economy beyond the Navy and Air Force bases AND tourism and senior care, such as with Eastern Shipyard, Berg Pipe, Trane HVAC manufacturing plant, the maritime port, the industrial park at the airport, etc
With an average income of about 55k - and that's fluffed up by retirees bringing big fat Yankee Pensions - the median Florida home should be under $200k. $270k would be about 5x income.
Panama City prices are declining along with the rest of the state, inventory is rising across all dwelling sizes, and days on market is up to 110 days from 90 last year.
It's not as bad as the SW / West Central Coast - yet.
Bay County, Florida and Panama City it at least actively is diversifying its economy beyond the Navy and Air Force bases AND tourism and senior care, such as with Eastern Shipyard, Berg Pipe, Trane HVAC manufacturing plant, the maritime port, the industrial park at the airport, etc
Lug that shit from your truck in 90 Degrees with 90% humidity
Sauna workout? Not bad if you're fat. No gym membership.
Lug that shit from your truck in 90 Degrees with 90% humidity
No way it gets that bad as far as the heat index (which is 122) in even South Florida.
Panama City isn't San Diego, it's about the same as NOLA or Mobile, hot and sweaty half the year. It's at pretty much the same latitude with the same climate on the same body of water.
There are +85F +80% Humidity days, plural, for days at a time, several times a year in New Jersey and Virginia and Ohio and Pennsylvania, much less Florida. Florida summers are a whole other level, there's few breaks. It's as often more humid and steamy after a thunderstorm than before it.
I've never seen it get above 60% relative humidity in Panama City Beach when the thermometer reports at least 90 degrees Fahrenheit. So yes, it depends on what you define as muggy in regards to the "heat index". But yes, it is humid or muggy weather from mid June to mid September, but so is New York City during that period.
I've never seen it get above 60% relative humidity in Panama City Beach when the thermometer reports at least 90 degrees Fahrenheit.
I like the humidity was my point in my previous comment.
All it takes is a fan to cool you down with humidity.
Wow, my view is 180. You can't get cool in high humidity without A/C, since a shower doesn't relieve the wetness and a fan just blows the steam around. In dry heat you can find the shade or use water to cool you off. Also you can keep items like paper in the garage or outside on the deck without it getting moldy and rotten.
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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.