Florida condo owners are stuck in a 'train wreck' as prices drop and mounting insurance rates scare away buyers

[Richard Glidewell]

 

[CashmereThoughts]

I remember when FL was the cheap spot people ran too

 

[Black White Sox Hat]

As prices drop my ass..

 

[CashmereThoughts]

I read some where the biggest danger to Miami is not sea rising but insurance companies leaving. with each flood it'll cost them more money eventually they'll be in net negative.

It’s just like these massive cities their building in deserts with a pending water crisis.

They’re putting the “cap” in capitalism

 

[BeeCityRoller]

 

[MajesticLion]

 

[GoFlipAPack]

Ehh....the government will bail them out or maybe sone Chinese hedgefund will come in and buy all of those buildings

 

[loyola llothta]

It’s over.

 

[Ethnic Vagina Finder]

At least they got the don't say gay bill

 

[GoFlipAPack]

At least they got the don't say gay bill

fukkin fagits

 

[Gritsngravy]

I remember when FL was the cheap spot people ran too

This wasn’t long ago neither

 

[ORDER_66]

Ehh....the government will bail them out or maybe sone Chinese hedgefund will come in and buy all of those buildings

South florida will be underwater soon literally so thats a bad investment... more sinkholes too

 

[Adeptus Astartes]

Somehow this will be blamed on "DEI".

 

[Oldschooler]

Not sure that condos are affected too much by Hurricanes. Unless you're living in the first floor you don't have to worry about a natural flood. Problem with Florida is that condos don't have a mandatory reserve fund to help with regular maintenance and repair. There's decades of deferred maintenance costs. This is especially important for ocean side buildings as the salty moisture in the air corrodes concrete reinforcing bars at a faster rate.

 

[RageKage]

‘I felt like I’d been baited and switched’: Florida woman has to sell house after property tax bill soars 174%​

‘I felt like I’d been baited and switched’: Florida woman has to sell house after property tax bill soars 174%

New homeowners are suffering from sticker shock

www.yahoo.com