RIP Florida real estate

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Good lord. Well, if you choose to buy in Florida, you have to pay for it.

Wind insurance is just one half of the insurance you need for a hurricane. Still need to pay separately for flood insurance policy.

o

And lots of septic issues in Miami because flooding and high water table. It’s horrifying Ron Desantis is passing bills to remove climate from legislation and backing fossil fuel drilling instead of focusing on resiliency and creating zoning laws that discourage building or drilling or development near the water and wetlands. Ignoring climate science continues to backfire and at some point it will simply be too late for a lot of people. It already is for many.

Resiliency is expensive and hard. Florida has their collective head in their (stunning, sunny) sand.

Like watching a train wreck in slow motion.

You think Florida has their head in the sand after years and years of hurricanes? Storms did not just recently start hitting Florida, in spite of what people may have read on social media. Newsflash: Hurricanes form over warn water in the summer and hit the areas that are next to the warm water. People who live there choose to take the risk because they do not get hit by hurricanes in the exact same spot every year. Storms move quickly and can change track or dissipate completely.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Good lord. Well, if you choose to buy in Florida, you have to pay for it.

Wind insurance is just one half of the insurance you need for a hurricane. Still need to pay separately for flood insurance policy.

o

And lots of septic issues in Miami because flooding and high water table. It’s horrifying Ron Desantis is passing bills to remove climate from legislation and backing fossil fuel drilling instead of focusing on resiliency and creating zoning laws that discourage building or drilling or development near the water and wetlands. Ignoring climate science continues to backfire and at some point it will simply be too late for a lot of people. It already is for many.

Resiliency is expensive and hard. Florida has their collective head in their (stunning, sunny) sand.

Like watching a train wreck in slow motion.

You think Florida has their head in the sand after years and years of hurricanes? Storms did not just recently start hitting Florida, in spite of what people may have read on social media. Newsflash: Hurricanes form over warn water in the summer and hit the areas that are next to the warm water. People who live there choose to take the risk because they do not get hit by hurricanes in the exact same spot every year. Storms move quickly and can change track or dissipate completely.

Hurricanes are getting bigger and more frequent. And Florida Man is getting weaned from all the insurance support that let them ignore those risks.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Good lord. Well, if you choose to buy in Florida, you have to pay for it.

Wind insurance is just one half of the insurance you need for a hurricane. Still need to pay separately for flood insurance policy.

o

And lots of septic issues in Miami because flooding and high water table. It’s horrifying Ron Desantis is passing bills to remove climate from legislation and backing fossil fuel drilling instead of focusing on resiliency and creating zoning laws that discourage building or drilling or development near the water and wetlands. Ignoring climate science continues to backfire and at some point it will simply be too late for a lot of people. It already is for many.

Resiliency is expensive and hard. Florida has their collective head in their (stunning, sunny) sand.

Like watching a train wreck in slow motion.

You think Florida has their head in the sand after years and years of hurricanes? Storms did not just recently start hitting Florida, in spite of what people may have read on social media. Newsflash: Hurricanes form over warn water in the summer and hit the areas that are next to the warm water. People who live there choose to take the risk because they do not get hit by hurricanes in the exact same spot every year. Storms move quickly and can change track or dissipate completely.

Hurricanes are getting bigger and more frequent. And Florida Man is getting weaned from all the insurance support that let them ignore those risks.

Florida threads are always strangely trollish. Hurricanes ARE getting more frequent, and they don't discriminate and travel to the gulf and up the coast as well. They are a concern for coastal areas generally and beyond Florida.

[Anonymous]

Just look at the details in this listing. The special assessments are outrageous.

https://www.redfin.com/FL/Miami/1800-NE-114th-St-33181/unit-1502/home/43010955

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Good lord. Well, if you choose to buy in Florida, you have to pay for it.

Wind insurance is just one half of the insurance you need for a hurricane. Still need to pay separately for flood insurance policy.

o

And lots of septic issues in Miami because flooding and high water table. It’s horrifying Ron Desantis is passing bills to remove climate from legislation and backing fossil fuel drilling instead of focusing on resiliency and creating zoning laws that discourage building or drilling or development near the water and wetlands. Ignoring climate science continues to backfire and at some point it will simply be too late for a lot of people. It already is for many.

Resiliency is expensive and hard. Florida has their collective head in their (stunning, sunny) sand.

Like watching a train wreck in slow motion.

You think Florida has their head in the sand after years and years of hurricanes? Storms did not just recently start hitting Florida, in spite of what people may have read on social media. Newsflash: Hurricanes form over warn water in the summer and hit the areas that are next to the warm water. People who live there choose to take the risk because they do not get hit by hurricanes in the exact same spot every year. Storms move quickly and can change track or dissipate completely.

Hurricanes are getting bigger and more frequent. And Florida Man is getting weaned from all the insurance support that let them ignore those risks.

No hurricanes are not getting bigger and more frequent. Sorry.

[Anonymous]

Anonymous wrote:Just look at the details in this listing. The special assessments are outrageous.

https://www.redfin.com/FL/Miami/1800-NE-114th-St-33181/unit-1502/home/43010955

Youd think they’d avoid writing the entire listing in ALL CAPS when telling us about the 19 different special assessments…

But in all seriousness, it makes no sense for anyone to buy condos like this. If I really wanted to live in a high rise there I’d just rent and avoid all the risk.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Just look at the details in this listing. The special assessments are outrageous.

https://www.redfin.com/FL/Miami/1800-NE-114th-St-33181/unit-1502/home/43010955

Youd think they’d avoid writing the entire listing in ALL CAPS when telling us about the 19 different special assessments…

But in all seriousness, it makes no sense for anyone to buy condos like this. If I really wanted to live in a high rise there I’d just rent and avoid all the risk.

Especially when monthly maintenance is $2900 per month. I don’t know the Miami market…can you rent anything decent for $2900/month?

It sucks, but seems like people are going to have almost give these away to get out of monthly maintenance and all the assessments.

I would think the other problem is what happens when others don’t pay…do they refund your assessment payments?

[Anonymous]

That building is in a death spiral

[Anonymous]

We have a home in FL a few miles from the ocean. We don’t shop around for homeowners and only use USAA. Our FL property homeowners is cheaper than our VA property. We have coverage that will make us whole if there were a catastrophic event in the area because we would work with reputable USAA vendors. We are immediately reimbursed for food loss in refrigerator/freezer and hotel is covered if power is lost.
It’s easier to complain than do your research.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I’m so glad that insurance companies are finally fed up. I’m paraphrasing from a college class I took decades ago, but before federal insurance in the early 20th century, only cheap fishermen shacks existed at the beach. Why? Because nobody was stupid enough to build a house where it would definitely get blown away. Once somebody else would pay for that nonsense, we started getting ridiculous beach communities. I’m very ready to go back to a time when it’s important to build in safer areas. I got laughed at right here on dcum when I talk about considering get above sea level when moving. It’s something everybody should consider. Low-lying houses near the water increase everyone’s rates.

This is why I am trying to understand Northern FL. I was surprised when visiting Jacksonville that there are many neighborhoods with homes from the late 19th and early 20th century. It doesn't look anything like Southern FL.

I assume that it is because that area hasn't had hurricanes or flooding.

It has, but the older homes were built where it was “high and dry” instead of in the swamp or on the dunes. The areas that were high and dry a century ago are areas that are not typically hit hard by storms, until the past decade or so when everything goes crazy.

So much of Florida - coastal and inland - is built on land that used to be swamp, marsh, prairie, and wetland. When it rains, it floods. It shouldn’t be a surprise.

[Anonymous]

Anonymous wrote:We have a home in FL a few miles from the ocean. We don’t shop around for homeowners and only use USAA. Our FL property homeowners is cheaper than our VA property. We have coverage that will make us whole if there were a catastrophic event in the area because we would work with reputable USAA vendors. We are immediately reimbursed for food loss in refrigerator/freezer and hotel is covered if power is lost.
It’s easier to complain than do your research.

What's your flood zone?
Sadly your situation does not match my family's over there. insurance skyrocketing, then having to rely on Citizens, then Citizens threatening to drop because a private insurer *could* offer insurance at a much greater price than Citizens, and so on. They are also on an island in miami so they must get flood insurance that keeps increasing (when the house is paid off in a few years they'll self-insure as many do over there). I dont have (or expect) much sympathy because they are literally on a flood zone and first to be evacuated when a hurricane is near but a lot of family friends that live on the mainland also have had this happen to them to the point where they cant afford the insurance premiums.

And dealing with the insurance after Irma was a royal PITA. I don't know how regular people do it: we had to pay upfront for repairs and then constantly pester the bank to release that money to get reimbursed. it was like pulling teeth. thank goodness we had the needed cushion, otherwise we would have had to wait months for the basic roof repairs

[Anonymous]

Anonymous wrote:
Just look at the details in this listing. The special assessments are outrageous.

https://www.redfin.com/FL/Miami/1800-NE-114th...t-1502/home/43010955

It's a tear down.

[Anonymous]

Anonymous wrote:

Anonymous wrote:
Just look at the details in this listing. The special assessments are outrageous.

https://www.redfin.com/FL/Miami/1800-NE-114th...t-1502/home/43010955

It's a tear down.

The building itself? I wonder if they will buyout the owners to do just that. It actually makes sense if you have non payers.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Good lord. Well, if you choose to buy in Florida, you have to pay for it.

Wind insurance is just one half of the insurance you need for a hurricane. Still need to pay separately for flood insurance policy.

o

And lots of septic issues in Miami because flooding and high water table. It’s horrifying Ron Desantis is passing bills to remove climate from legislation and backing fossil fuel drilling instead of focusing on resiliency and creating zoning laws that discourage building or drilling or development near the water and wetlands. Ignoring climate science continues to backfire and at some point it will simply be too late for a lot of people. It already is for many.

Resiliency is expensive and hard. Florida has their collective head in their (stunning, sunny) sand.

Like watching a train wreck in slow motion.

You think Florida has their head in the sand after years and years of hurricanes? Storms did not just recently start hitting Florida, in spite of what people may have read on social media. Newsflash: Hurricanes form over warn water in the summer and hit the areas that are next to the warm water. People who live there choose to take the risk because they do not get hit by hurricanes in the exact same spot every year. Storms move quickly and can change track or dissipate completely.

Hurricanes are getting bigger and more frequent. And Florida Man is getting weaned from all the insurance support that let them ignore those risks.

No hurricanes are not getting bigger and more frequent. Sorry.

You are 100% wrong. They are also getting more slow, which increases damage. It’s basic physics.

https://news.uchicago.edu/storm-warning-why-hurricanes-are-growing-beyond-measure-michael-wehner#:~:text=Michael%20Wehner%3A%20What%20we%20did,19%25%20increase%20in%20the%20rainfall.

https://newscenter.lbl.gov/2024/02/05/warming-world-climate-scientists-consider-category-6-hurricanes/
www


https://www.climate.gov/climate-and-energy-topics/hurricanes-and-storms

https://www.climate.gov/news-features/blogs/enso/how-does-noaa-see-2024-atlantic-hurricane-season-shaping#:~:text=This%20year%2C%20NOAA%20predicts%20a,is%203)%20(3).

[Anonymous]

Anonymous wrote:Just look at the details in this listing. The special assessments are outrageous.

https://www.redfin.com/FL/Miami/1800-NE-114th-St-33181/unit-1502/home/43010955

Holy crap they could tear it down and rebuild for all that money for the residents they should just collectively sell the land to a developer!