RIP Florida real estate

[Anonymous]

I’m glad insurance rates are going up. It means the rest of the pool will have to carry less burden for constantly rebuilding structures (many of which are luxury and discretionary) in areas that are less and less inhabitable.

[Anonymous]

Anonymous wrote:Florida has been ruined by invading dorks since around the year 2000. I hate going home now. Other than helping with my parents estate when that time comes I’ll be avoiding it.

Same thing happened to every other not horrible place in the US. California was awesome in the 1950s. Humans are cockroaches.

Are you a cockroach or a robot?

[Anonymous]

Anonymous wrote:

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.

Sounds like an excellent application of the state's rights principle.

[Anonymous]

Anonymous wrote:

Anonymous wrote:$200K+ special assessment for a ho-hum 2BR/2BA Boomer condo. The carnage is just getting started.

No sympathy here. He bought a waterfront property with extensive landscaping and waterscsping. What exactly was he expecting? When I bought my condo I specifically avoided amenities like pools, elevators, etc because I knew eventually a special assessment would hit.

Elevators? So you don't live in a building with more than four floors?

[Anonymous]

Anonymous wrote:

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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.

are you adverse to a quick google search or something. https://www.bing.com/search?q=jacksonville+florida+hurricane+risk&qs=SC&pq=jacksonville+florida+huri&sc=10-25&cvid=CBCF1094781946CCB1BFE66E181FF406&FORM=QBRE&sp=1&ghc=1&lq=0

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

are you adverse to a quick google search or something. https://www.bing.com/search?q=jacksonville+florida+hurricane+risk&qs=SC&pq=jacksonville+florida+huri&sc=10-25&cvid=CBCF1094781946CCB1BFE66E181FF406&FORM=QBRE&sp=1&ghc=1&lq=0

That’s a bing search. Are you adverse to a quick google search?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

are you adverse to a quick google search or something. https://www.bing.com/search?q=jacksonville+florida+hurricane+risk&qs=SC&pq=jacksonville+florida+huri&sc=10-25&cvid=CBCF1094781946CCB1BFE66E181FF406&FORM=QBRE&sp=1&ghc=1&lq=0

This is a nonsense search. In fact Jacksonville has never suffered a direct hit from a hurricane from the Atlantic, only residual tropical storms coming in from the gulf.

[Anonymous]

Anonymous wrote:

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

It is the fastest growing state w law firms, banks and tech companies all moving there or branches thereof.

is dc as dumb as the forum makes it seem?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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

It is the fastest growing state w law firms, banks and tech companies all moving there or branches thereof.

is dc as dumb as the forum makes it seem?

There aren’t tech companies moving to FL…Miami had a brief crypto phase but in fact even those tech groups returned to CA…San Fran and Silicon Valley are once again the epicenter of everything with the AI craze.

[Anonymous]

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.

[Anonymous]

We are all paying for Florida so R.I.P. middle class home ownership. Car insurance and home owners insurance are skyrocketing because they're making us ALL for California and Florida risks.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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

It is the fastest growing state w law firms, banks and tech companies all moving there or branches thereof.

is dc as dumb as the forum makes it seem?

There aren’t tech companies moving to FL…Miami had a brief crypto phase but in fact even those tech groups returned to CA…San Fran and Silicon Valley are once again the epicenter of everything with the AI craze.

i was born in dc and went to high school in dc and back temp staying w family. this board makes dc appear to be so racist and dumb, dont remember it quite so bad. it is ok if you dont know something. you can just google it.

https://fortune.com/2024/04/28/big-tech-billionaires-migrate-florida-miami/

[Anonymous]

the low level of intelligence is truly astounding

https://www.msn.com/en-us/money/companies/apple-targets-new-miami-office-space-following-amazon-microsoft/ar-BB1llBFK?ocid=weather-verthp-feeds


https://www.wlrn.org/business/2023-08-15/mark-cuban-fireside-south-florida-tech

https://fortune.com/2024/04/09/apple-florida-iphone-office-miami/

https://www.foxbusiness.com/technology/watch-out-silicon-valley-miami-vying-become-americas-ai-hub.amp

[Anonymous]

Anonymous wrote:

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

the opposite. i dont own anything there but want to, miami. want my parents to buy in naples. this is just facts. and its nuts that you guys are so off base. none of this is a secret.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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

It is the fastest growing state w law firms, banks and tech companies all moving there or branches thereof.

is dc as dumb as the forum makes it seem?

There aren’t tech companies moving to FL…Miami had a brief crypto phase but in fact even those tech groups returned to CA…San Fran and Silicon Valley are once again the epicenter of everything with the AI craze.

i was born in dc and went to high school in dc and back temp staying w family. this board makes dc appear to be so racist and dumb, dont remember it quite so bad. it is ok if you dont know something. you can just google it.

https://fortune.com/2024/04/28/big-tech-billionaires-migrate-florida-miami/

Your problem is you are so stupid, you don't know how stupid you are.

You found a puff piece that doesn't even remotely support your assertion that tech companies are moving to Miami. Google, Apple, etc. have offices everywhere...and in fact their DC offices are much larger than their Miami offices and all of their remote offices combined don't even add up to their Silicon Valley and Redmond offices.

Hey, I googled another article...https://www.wsj.com/tech/san-francisco-ai-boom-silicon-valley-307816b2

You also don't appreciate that just because an area increases from 1 to 2 (and therefore has a 100% growth rate)...that's not actually better than an area that grows from 100 to 110 (with it's 10% growth rate).

San Fran andd Silicon Valley attracted 41% of all Venture Capital in the country (which you can see here: https://www.foley.com/insights/publications/2024/04/venture-capital-landscape-q1-2024/). The $14.4 BN invested in just the SFO/SV area compares to $757MM for the ENTIRE state of Florida during that time period...that's 19x greater.

Sure, rich tech people are domiciling in Florida for tax benefits, but their companies are not.