patrick.net

WookieMan says

I like that though. Better than feeling like an oven. Golfed once in 110ºF temps in AZ and it was miserable. I'll take FL any day of the year. I wear long sleeves and pants in warm weather so the bugs won't bother me in humid location FL or an IL summer day.

Exact opposite. I'll take an oven over a sauna every day and twice on Sunday.

Shade actually helps in low humidity.

Just like I prefer the Air Fryer over the Sogginator (my name for Microwaves)

AmericanKulak says

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

It sold for $450,000 in April 2023 before the housing market started to freeze up

It sold for $134,000 in 2000, and was built in 1997

Went up in value about 5.5% annually from 2000 to 2023 :-/

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AmericanKulak says

Just like I prefer the Air Fryer over the Sogginator (my name for Microwaves)

In agreement. That's for food though. I don't microwave a thing for myself. As a human I'd rather sweat than be put in an oven.

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this 3 bedroom , 2.5 bath, 1 car garage unit in Panama City Beach currently rents for $1895 which is same price it may have rented in 2021
rents have steadied or have dropped some which helps the working class like the hospitality and service workers on the beach

https://www.zillow.com/homedetails/1609-Annabellas-Way-Panama-City-Beach-FL-32407/87635669_zpid/

My forecast is townhomes in Panama City Beach will drop about 20 to 25% from their all time highs set in early 2022, which are almost the same price level at the peak of the 2003-2006 Bill Clinton Housing Bubble.

............

Florida Housing Market Mirroring 2008 Crash—Real Estate Analyst

https://www.newsweek.com/florida-housing-mirroring-2008-crash-analyst-2067158

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I researched "Hathaway Luxury Apartments" in Panama City Beach (within 1 mile of Hathaway Bridge). It's a huge area where they cleared countless amounts of southern pine trees, as it looks like at least 200 apartment units will be built.

The agent for the Hathaway Luxury Apartment LLC is
Marvin Setness - Controller - RD Offutt Company

I wonder why a major potato company (RD Offutt Company from North Dakota) is an apartment developer in Panama City Beach 😕

But they stopped construction about 4 months ago after they cleared the land, perhaps waiting for the rental market to improve, and/or for interest rates to drop.

Rents seem to remain at 2021 or 2022 levels for at least townhomes on the beach and I don't trust the mega apartment complexes like Urban Blu as they are very deceitful.

US Department of Justice is suing Real Page which is used by apartment complexes to collude on rent.

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WookieMan says

In agreement. That's for food though. I don't microwave a thing for myself. As a human I'd rather sweat than be put in an oven.

Microwave devotion is a boomer thing mostly, maybe a few Xers who grew up with that as the primary cooking method. I think it's because it came out when they were kids and is always the "Hot New Thing in the Kitchen" in their mind.

I've seen Boomers look at me aghast when I've not had a microwave. And as if I didn't understand I could get one at the Thrift Shop. No, I just don't use it much, I have one now pretty much as a hotbox to keep food in if I'm making a multi-course meal.

"What about boiling water"? A $20 new electric kettle does the same thing faster, safer, larger quantity.

An unplugged microwave is a good place to toss cell phones and small laptops in case of an EMP attack.

If there was an emp attack, wouldn’t it fry the cell towers and wifi networks anyway? Only hope would be starlink type orbiting internet, but that is assuming that you still have a power source to charge your devices.

PeopleUnited says

If there was an emp attack, wouldn’t it fry the cell towers and wifi networks anyway? Only hope would be starlink type orbiting internet, but that is assuming that you still have a power source to charge your devices.

Starlink depends on computer servers in Bastrop, Texas. Use analog systems like a mid 1970s car (or earlier), and HAM radios that are not digital. Wish I had a Volkswagen Beetle built in 1970s.

AD says

I researched "Hathaway Luxury Apartments" in Panama City Beach (within 1 mile of Hathaway Bridge). It's a huge area where they cleared countless amounts of southern pine trees, as it looks like at least 200 apartment units will be built.

The agent for the Hathaway Luxury Apartment LLC is
Marvin Setness - Controller - RD Offutt Company

I wonder why a major potato company (RD Offutt Company from North Dakota) is an apartment developer in Panama City Beach 😕

But they stopped construction about 4 months ago after they cleared the land, perhaps waiting for the rental market to improve, and/or for interest rates to drop.

Rents seem to remain at 2021 or 2022 levels for at least townhomes on the beach and I don't trust the mega apartment complexes like Urban Blu as they are very deceitful.

US Department of Justice is suing Real Page which is used by apartment complexes to collude on rent.

.

My wife is a property manager and they conduct “Market Surveys” to keep up on pricing. These are phone calls and physical tours of neighboring apartment complexes to see what their rent and amenities are. I’m more than sure this is a tool used to collude also. I fail to see how the colluding could be stopped.

Glock-n-Load says

My wife is a property manager and they conduct “Market Surveys” to keep up on pricing. These are phone calls and physical tours of neighboring apartment complexes to see what their rent and amenities are. I’m more than sure this is a tool used to collude also. I fail to see how the colluding could be stopped.

Market research is not collusion. Collusion is when a group of landlords get together and agree on pricing.

HeadSet says

Glock-n-Load says

My wife is a property manager and they conduct “Market Surveys” to keep up on pricing. These are phone calls and physical tours of neighboring apartment complexes to see what their rent and amenities are. I’m more than sure this is a tool used to collude also. I fail to see how the colluding could be stopped.

Market research is not collusion. Collusion is when a group of landlords get together and agree on pricing.

And how do you think they do it? Maybe it isn’t explicit but, it can surely be accomplished like this. Tell me why they would do these market surveys then instead of just running their own businesses according to their own books/accounting? I imagine also, that collusion is very difficult to prove.

Glock-n-Load says

I imagine also, that collusion is very difficult to prove.

You'd need smoking gun evidence likely to prove antitrust behavior like collusion on depressing wages within a sector or industry, or collusion on rent prices.

I guess hidden camera video would be that, and doubt there would be a paper trail like emails.

Glock-n-Load says

Tell me why they would do these market surveys then instead of just running their own businesses according to their own books/accounting?

Prices are set by what the market will bear, not internal costs. When I priced my rental houses I looked at what others were advertising for similar places.

And the Fed tracks rental prices not buy buying stats from Apartments.com, Zillow, Rental Agencies, etc. but by calling homeloaners who haven't rented in 10-20-30 years or looked at local rentals in a decade, and asking them what they'd pay for their own place as a renter. They don't ask current renters, either.

"Well shucks, after I had two kids and brought a house here in Springfield in 2011, we were paying about $1200/month for a 3 bed, 2 bath ranch. So I guess I'd pay $1400 today in 2025."

In case you were wondering why the CPI for housing is ridiculously low versus reality.

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This is why Panama City is betting on tourism, and one major positive is its beach roads are around 11 foot above sea level , which is higher than South Floridas (averaging 4 feet).

Panama City Beach tourism includes a very large Tootsies (worlds largest honky tonk) at the old Spinnakers nightclub as well as so many other venues and attractions like eco tourism (dolphin and sea turtles, fishing on the beach, etc) and its state parks.

It is gearing toward being an affordable Florida vacation and alternative to Orlando / Disney World and Miami Beach, AND for those family vacationers who want to be able to drive to Florida within a 14 hours drive of as far away as Chicago suburbs.

https://nypost.com/2025/05/11/lifestyle/florida-dad-craig-stowell-talks-about-1400-family-disney-world-trip/

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HeadSet says

Glock-n-Load says

Tell me why they would do these market surveys then instead of just running their own businesses according to their own books/accounting?

Prices are set by what the market will bear, not internal costs. When I priced my rental houses I looked at what others were advertising for similar places.

exactly! savings are never passed on to the buyer. chinese shit is cheap, yet our prices are sky high.

AmericanKulak says

Microwave

I just use mine to heat up a coffee cup of water for my instant coffee.

https://www.dailymail.co.uk/real-estate/article-14708061/southern-state-housing-market-real-estate-crash.html

Southern state residents 'desperate to escape' but homes won't sell as crash looms

Panic selling is setting in, with residents spooked by skyrocketing HOA fees, especially in the wake of the 2021 Surfside condo collapse, as well as soaring insurance premiums.

zzyzzx says

https://www.dailymail.co.uk/real-estate/article-14708061/southern-state-housing-market-real-estate-crash.html

Southern state residents 'desperate to escape' but homes won't sell as crash looms

Panic selling is setting in, with residents spooked by skyrocketing HOA fees, especially in the wake of the 2021 Surfside condo collapse, as well as soaring insurance premiums.

Yeah this is true for South Florida for the old high rises. Florida passed or is going to pass legislation to try to alleviate this.

This may have a spill over effect to other housing like townhomes and two floor condos.

Not seeing this a factor in Panama City Beach and panhandle for various reasons as those beach front condos do not have same environmental challenges like Surfside Miami; one reason is the panhandle beach front is at least 10 feet above sea level.

For many, they have a lot of equity in those Miami beach front condos so they'll take a reverse mortgage on them to live in them.

Also a major increase in demand for restoration of those condos will result in an increase in qualified contractors to work on them; this may result in lower prices for the HOAs.

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