Decides to fight culture wars....

This must be bidens fault.

Space Lasers and letting all the illegal immigrants buy all the toilet paper with the government checks that nobody seems to have issued!

I keep tabs on the Venice, FL area where my MIL lives. She's getting up there, and has talked about moving back to Indianapolis to be closer to her other two sons and granddaughters. There are literally HUNDREDS of two-bedroom villas and houses available right now. Three of them in her little neighborhood. And she's about 5 miles from the Gulf.

for sure.

Billionaires can buy them up and rent them for $3500 a month.

Lenders look at all your housing costs when deciding how much to lend to you. With huge insurance and property tax (no state income taxes) bills, Floridians can’t borrow as much money, which depresses property prices.

A lot of associations have been adopting poison pills into their association documents.

The most popular is that a new owner has to own the property for a minimum of 12 months before they can rent it out. This prevents a lot of investors from gutting a neighborhood and flipping it from owner occupied to rental communities.

As to FL insurance: This has been a looming issue for decades. The big part of the issue is the way that we regular insurance companies and limit their risk pools. If you limit a risk pool to one state, a bid disaster can kill an insurance company if they are over insured in a disaster area.

If we would move from a limited state pool to a regional or national pool, a lot of these issues will fall away.

We’ve been renting a 2BR/1BA house in Sarasota for 8 years, originally at $1050/mo. Most recently, it’s gone up to $1400/mo and the landlord is selling out from under us so we’re frantically looking for something “affordable.” There is nothing. Anything close to our present rental is about 2K—and located in the shittiest of neighbourhoods. Anything comparable to what we have now is more like $2500 or more. I’m loathe to consider a mobile home, having just barely survived two damned hurricanes in a month (Milton hit our keys head on, and it’s not pretty).

Add to this that I haven’t had a raise (fkg Walgreens…) in two years so we’re talking rents MORE than I make (son is my roommate and has an even worse employer). We can’t even afford to leave the state, even if we could make twice as much elsewhere. No clue where we’d even go.

Obviously, we need to address the fact that oligarchs are controlling the housing market to everyone else’s detriment—but it’s Florida. Just one more thing pushing us to start thinking along the lines of a real class uprising. Maybe just one obscenely rich guy to the guillotine and the rest would get the message…

as simply predatory businesses. As soon as I see that one has bought a company, I know that company is soon to be bankrupt. Their entire way of doing business is predatory, and *everyone* involved gets hurt (except for shareholders of the Hedge Fund.) This has recently become a hot button issue for me, as they began buying Veterinarian clinics, etc... and jacking prices so high that it hurts to get your animals care, if you can afford it at all.

and they can complain that "nobody wants to work anymore".

Automation and AI kill a million jobs and he and his cult blame immigrants.
The environment chases people from their homes in the flood lands and he blames immigrants.

We must win this election decisively and if just by a hair, we must fight to preserve the results as though our lives depended on winning.

Each subsequent hurricane season will get worse, and more people will flee. As people leave, they dump their houses on the market for whatever they can get. At first their will be buyers, but as more insurance companies leave, more people will flee, and more houses will go on the market. As housing prices fall, banks will start to push for larger mortgage payments, and foreclose on those who can't pay the higher rates, which dumps more houses onto the market, pushing prices further down.

Rinse and repeat.

They will go at auction, picked up real estate speculation funds.

Those funds will buy them for pennies on the dollar, do basic flip level repairs and rent them out uninsured.

If they get hit again, they will just walk away, take the loss, and another spec will pick them up and start over.

Rinse, lather, repeat.

Between the low cost of entry, the low cost of maintenance, and the tax writeoffs, they will turn handsome profits.

Hoa's will fold once enough units are owned by the reco's.

Insurance is for suckers who pay full price.

they'll be happy to use them as airbnb type places for tourists to rent during the winter. Private equity is very adept at figuring out how to make things profitable for themselves.

why would you expect anyone to sell you insurance?

Here in California, people rebuild on the exact same spots that wildfire burns ever couple of decades and then wonder why they can't get insurance.

So just like last time in 2008, people just walk away and file bankruptcy or default on their mortgages? What happens then?

I do foresee a time when the coastal buildings become homes for the poor folks and the rich folks live inland.

We are already seeing immense losses of our beaches, sand, scooped away, trees. We loved for generations, dying from lack of water as the waves lap your roots before they finally fall in.

You can protect the beach or you can protect the property, but you can’t protect both. It makes a lot more sense to just demolish the property and let the ocean take what it will.

I hope they’re giving away free kayaks with all of these high-rise properties in Kakaako that are going up like a whole new Waikīkī except without the jobs.

people who can afford to pay cash buy up what is walked away from.

I might have my fire insurance canceled, fortunately I own my home free and clear, so I can tell State Farm to go get fucked, but if I had a mortgage I could be hosed.

instead of the party that bans books and discourages people from vaccination. Florida real estate is sketchy as hell. There are crooks and grifters taking advantage of people all over that state.

to see some leave. We are at 23 million and counting. In 2020, we had just over 21 million. Not sustainable. If we can go back to 21 million or less, it would help a lot.

I am seeing a huge influx of cars displaying other states license plates....Florida and Texas lead the count........

Build a wall. They are coming to take our jobs, rape our women, EAT our dogs and cats! 😱😱😱Leave the DeSatan, Rubio, Scott, Gaetz and Loooony stink behind.

People won’t be able to afford living there. Trumpsters don’t want immigrants anywhere in the U.S. who’s going to pick the oranges? The people who can afford living there won’t be doing it. That is if orange trees will be able to survive there in the future.

Who’s going to clean up those vacation rentals? The investment fund bro’s themselves?

Will restaurants have people to staff them?

Home prices here are going crazy.

Ooooops, sorry Ron, didn't mean to mention the phrase "climate change" . Let's call it a Hurricane optimized environment.

Don't know if they are tourists or checking out properties to buy.

Central Maine is a pretty cheap place to relocate to. Property values are well within budgets for anyone selling out of FL.

link Newsweek. It's a right wing trash site IMO. Just read some of their 'top' stories that tear apart Kamala. THey suck!

The issue here is that there are actual news stories going on that other sites like the broadcast network ones, aren't reporting because they prefer to talk about Taylor Swift and Travis Kelsey and other nonsense. But some of these center-right sites that focus ONLY on "politics" and not "entertainment" or "sports" or "lifestyle" or "cooking", etc., with "politics" as a side show, often scoop that news.

Note that Newsweek is NOT "Breitbart" or "OAN" or the "Washington Times" or "Blaze" or "Fux Snooze", which are certifiable RW loon sites.

now you can't say it's a thankless job!

we have the room but not the housing. There's a shortage and crazy inflated prices like most of the rest of the country right now. Cheap land though....can always build I suppose.