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Florida Real Estate Collapse


               
2023 Mar 29, 10:07pm   16,163 views  230 comments

by TheAntiPanicanLearingCenter   follow (9)  

https://www.zillow.com/homedetails/640-Pelican-Dr-Satellite-Beach-FL-32937/43447731_zpid/

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.

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226   floki   @   2026 Jan 4, 7:09am  

Noncitizens are not allowed to own landed homes (aka SFH) in some countries while others do allow ownership at much higher tax rates, by law. What would be the pros and cons of this law here ?
227   zzyzzx   @   2026 Jan 28, 5:08am  

floki says

What would be the pros and cons of this law here ?

Pros would be more and cheaper housing for Americans. No cons.
228   zzyzzx   @   2026 Jan 28, 5:09am  

https://www.dailymail.co.uk/real-estate/article-15456887/retirement-home-florida-boomers-crisis.html

Retirement dreams crushed in Florida as panicking homeowners face brutal reality of homes 'nobody wants at their asking price'
229   FortWayneHatesRealtors   @   2026 Jan 28, 5:58am  

Somehow Republicans are able to convince lots of people to move there every few years pumping up real estate. Seeing the pattern I think you have to play that market. Buy few condos when they are down, wait few years for influx and sell right away. Next hurricane state empties out, you buy and repeat the process. Many Republican business men live on that model.
230   HeadSet   @   2026 Jan 28, 8:11am  

FortWayneHatesRealtors says

Somehow Republicans are able to convince lots of people to move there

"Republicans" convince people to move places?

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