RIP Florida real estate

[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.

Southern Florida wasn't built out until the 40s and 50s. Prior to the 20th is was all rural swamp with a few small coastal communities

[Anonymous]

Anonymous wrote:

Anonymous wrote:If you look at the construction of large high-rise condos over the past decade, the first 4-8 floors are above ground parking garage. You don't even get to the "lobby" until 9th or 10th floor of the building. And then the condos stretch from the 11th floor up to the 40th/50th/60th floor.

The ground level is simply a nice elevator bank, landscaping, and concrete. Lots pumps you can't see to move water away from the building.

This is the only way I would own a place in Florida. It will be all vertical and off the ground. The underground parking garages all around Miami are getting flooded out - you'll see videos on social media of floating Lambos and G-Wagons in brown water in the parking garage, completely ruined - a total loss.

It's insane.

Yeah but those beach towers aren’t sitting on bedrock like in Manhattan. The geology is like Swiss cheese filled with water. The shoreline changes with a big hurricane and just a few years of erosion and that’s curtains for them. Maybe someone will resort to actually floating structures there.

Manhattan is sinking, too!

[Anonymous]

Anonymous wrote:

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.

Southern Florida wasn't built out until the 40s and 50s. Prior to the 20th is was all rural swamp with a few small coastal communities

Obviously, you also have St. Augustine in Northern FL with structures dating back to the late 1700s.

Again, I am surprised of the longevity of houses in many neighborhoods (not just an isolated 19th century house here and there). Maybe the style of building was just better, so it's just lucky that the way things were built back in the day also hold up better to hurricanes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

Southern Florida wasn't built out until the 40s and 50s. Prior to the 20th is was all rural swamp with a few small coastal communities

Obviously, you also have St. Augustine in Northern FL with structures dating back to the late 1700s.

Again, I am surprised of the longevity of houses in many neighborhoods (not just an isolated 19th century house here and there). Maybe the style of building was just better, so it's just lucky that the way things were built back in the day also hold up better to hurricanes.

Southern Florida wasn't build up. Northern Florida has older towns and cities which is why PP saw homes from the late 19th and early 20th centuries

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

Southern Florida wasn't built out until the 40s and 50s. Prior to the 20th is was all rural swamp with a few small coastal communities

Obviously, you also have St. Augustine in Northern FL with structures dating back to the late 1700s.

Again, I am surprised of the longevity of houses in many neighborhoods (not just an isolated 19th century house here and there). Maybe the style of building was just better, so it's just lucky that the way things were built back in the day also hold up better to hurricanes.

Southern Florida wasn't build up. Northern Florida has older towns and cities which is why PP saw homes from the late 19th and early 20th centuries

I get it...but I assume if the area was hit by say the hurricane that destroyed Ft Myers 2 years ago...that those 19th century houses would get flattened.

However, maybe not? Just wondering if anyone knows.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

Southern Florida wasn't built out until the 40s and 50s. Prior to the 20th is was all rural swamp with a few small coastal communities

Obviously, you also have St. Augustine in Northern FL with structures dating back to the late 1700s.

Again, I am surprised of the longevity of houses in many neighborhoods (not just an isolated 19th century house here and there). Maybe the style of building was just better, so it's just lucky that the way things were built back in the day also hold up better to hurricanes.

Southern Florida wasn't build up. Northern Florida has older towns and cities which is why PP saw homes from the late 19th and early 20th centuries

I get it...but I assume if the area was hit by say the hurricane that destroyed Ft Myers 2 years ago...that those 19th century houses would get flattened.

However, maybe not? Just wondering if anyone knows.

https://en.wikipedia.org/wiki/Florida_land_boom_of_the_1920s

It's a fascinating story to dive into more in depth, but basically, the railroad didn't get to Southern Florida until the late 1900s. Most of the initial growth was in the late 20s, but the market crashed spectacularly. Modern southern Florida was built out in the post WWII boom

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

Southern Florida wasn't built out until the 40s and 50s. Prior to the 20th is was all rural swamp with a few small coastal communities

Obviously, you also have St. Augustine in Northern FL with structures dating back to the late 1700s.

Again, I am surprised of the longevity of houses in many neighborhoods (not just an isolated 19th century house here and there). Maybe the style of building was just better, so it's just lucky that the way things were built back in the day also hold up better to hurricanes.

Southern Florida wasn't build up. Northern Florida has older towns and cities which is why PP saw homes from the late 19th and early 20th centuries

I get it...but I assume if the area was hit by say the hurricane that destroyed Ft Myers 2 years ago...that those 19th century houses would get flattened.

However, maybe not? Just wondering if anyone knows.

I'm not as familiar with Jacksonville, but in most of these older cities, the older houses were built on the high ground (our ancestors weren't stupid). It was only after federally subsidized flood insurance that people started building in the flood prone areas. Look at New Orleans. The French Quarter and Garden District did not have much flooding during Katrina. Nothing in FL is particularly high, but if you look at a good topo map, towns like Jacksonville, St. Augustine, and Pensacola were built on the "high ground," which doesn't exist in S Florida. Pretty much everything south of Port St. Lucie and Sarasota was originally swamp.

https://pubs.usgs.gov/sim/3047/

[Anonymous]

I am the treasure of a small condo in a flood zone near beach.

The last 2-3 years our flood insurance premiums have been rising 18 percent a year. Will continue at that rate till fully risk rates. Called FEMA Risk 2.0

Also less and less companies will write policies in flood zones so costs rise but less and less companies will quote us so not much to do.

With new reserve study requirements, Fannie Mae requirements, banks looking for fully funded reserve funds and skyrocketing insurance it will get ugly.

A beach condo is mainly retirees, second home owners, investors or some people who could not afford a house. None want high common charges. Until my reserves are nearly empty no one wants higher common charges.

[Anonymous]

Anonymous wrote:All insurance companies should bail out of FL. They are driving up rates for the rest of us. The state can create their own insurance program and manage it themselves.

Amen - and no federal bailouts.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

Southern Florida wasn't built out until the 40s and 50s. Prior to the 20th is was all rural swamp with a few small coastal communities

Obviously, you also have St. Augustine in Northern FL with structures dating back to the late 1700s.

Again, I am surprised of the longevity of houses in many neighborhoods (not just an isolated 19th century house here and there). Maybe the style of building was just better, so it's just lucky that the way things were built back in the day also hold up better to hurricanes.

Southern Florida wasn't build up. Northern Florida has older towns and cities which is why PP saw homes from the late 19th and early 20th centuries

I get it...but I assume if the area was hit by say the hurricane that destroyed Ft Myers 2 years ago...that those 19th century houses would get flattened.

However, maybe not? Just wondering if anyone knows.

Hurricanes don't flatten houses except in very rare cases and in small areas of high-end storms (Andrew, Michael). The bigger problem is storm surge flooding on the coast and wind damage to roofs that allows in water and therefore mold.

[Anonymous]

florida is the future. wish i had the $$$ for a secomd home in miami

[Anonymous]

Anonymous wrote:All insurance companies should bail out of FL. They are driving up rates for the rest of us. The state can create their own insurance program and manage it themselves.

This sounds like a good idea.

[Anonymous]

Anonymous wrote:florida is the future. wish i had the $$$ for a secomd home in miami

Spoken like a true boomer that will beg to be bailed out by Uncle Sam when (not if) their second home floods

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

Southern Florida wasn't built out until the 40s and 50s. Prior to the 20th is was all rural swamp with a few small coastal communities

Obviously, you also have St. Augustine in Northern FL with structures dating back to the late 1700s.

Again, I am surprised of the longevity of houses in many neighborhoods (not just an isolated 19th century house here and there). Maybe the style of building was just better, so it's just lucky that the way things were built back in the day also hold up better to hurricanes.

Southern Florida wasn't build up. Northern Florida has older towns and cities which is why PP saw homes from the late 19th and early 20th centuries

I get it...but I assume if the area was hit by say the hurricane that destroyed Ft Myers 2 years ago...that those 19th century houses would get flattened.

However, maybe not? Just wondering if anyone knows.

Hurricanes don't flatten houses except in very rare cases and in small areas of high-end storms (Andrew, Michael). The bigger problem is storm surge flooding on the coast and wind damage to roofs that allows in water and therefore mold.

I don’t know what technically destroyed FT Myers…the wind, the flooding, etc. it all came from a hurricane.

Still trying to understand if North Florida is less of a climate risk and whether the fact you have thousands of homes still standing from late 1800s and early 1900s is really any proof of that…or did they just build things a lot better back in the day.

[Anonymous]

Anonymous wrote:florida is the future. wish i had the $$$ for a secomd home in miami

Is this a joke? Fl is a dying - sinking? - state