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popsdenver

(2,398 posts)
86. Too late
Sun Apr 19, 2026, 08:53 PM
2 hrs ago

The wealthy have been gobbling everything up.....Condos, Townhouses, Apartments, and single family residences for more than a decade........And many of the Wealthy and Uber Wealthy are abandoning stocks and other investments to buy the housing along with Land purchases.......

I have wondered if the wealthy pulling out of the stock market is a harbinger of where our economy is headed.....(everyone's investments and retirement funds are invested in the stock market).....One major dip in the market would wipe out an incredible amount of what the middle class owns, and destroy the retirement funds......of tens of millions of retired........AND don't forget the Republicans are trying to destroy SSI also.......and Medicare and Medicaid..........

Recommendations

1 members have recommended this reply (displayed in chronological order):

If minimally adequate safety regulations are ruinous to a property/business situation RockRaven Yesterday #1
I agree w/ you! SWBTATTReg Yesterday #6
The problem is Old Crank 7 hrs ago #76
As it should be MichMan 7 hrs ago #79
I know Old Crank 7 hrs ago #81
"Soaring HOA fees - which averaged $135 per month in 2025." Tell me that's a typo... PeaceWave Yesterday #2
The linked article lists fees of $3,000 a month, $2,000 a month, etc. IronLionZion Yesterday #8
Yes it must be wrong. That is a very cheap HOA fee. Irish_Dem Yesterday #9
You are correct. The article mentions HOA fees are going up drastically because of the need to fund structural repairs. John1956PA Yesterday #28
Wow can you imagine taking such a big loss? Irish_Dem Yesterday #30
I corresponded with a nice lady who bought (for a very reasonable price) a home in Palm Coast during the "trough." John1956PA Yesterday #36
It was a big gamble though, right? Irish_Dem Yesterday #40
That lady was a risk taker. I could tell you more about her adventures. John1956PA Yesterday #45
If she lived in Florida I am sure she had a lot of adventures. Irish_Dem Yesterday #51
The great recession saw a lot of that nation-wide IronLionZion Yesterday #38
Vultures always love a nice tragedy. Irish_Dem Yesterday #41
Squatting enid602 Yesterday #53
It will be lovely until you get thrown out on your ass. Irish_Dem Yesterday #56
Guthrie enid602 Yesterday #60
Yes I see that online. Irish_Dem Yesterday #61
HOAs are an extortion racket... GiqueCee Yesterday #24
Right! It's much better to stuff the pockets of a landlord marybourg Yesterday #27
Thank you! BlueWaveNeverEnd Yesterday #33
I can only relate a coworker's experience... GiqueCee Yesterday #42
Board members, just like congress members, stand for election marybourg Yesterday #54
So you have no idea what you are talking about Hassin Bin Sober Yesterday #57
You just repeated what I said. GiqueCee 14 hrs ago #68
Pretty much every planned development has an HOA. Old Crank 7 hrs ago #78
Hoa board members are NOT paid. Fees go to shared expenses like water bill and insurance premium BlueWaveNeverEnd Yesterday #32
Not to mention pool upkeep, the building roof/sidings/painting etc EX500rider Yesterday #46
yes. power bill for outdoor lighting, repaving of roads, an endless list BlueWaveNeverEnd Yesterday #58
I'm in one jmowreader Yesterday #48
Nonsense Old Crank 7 hrs ago #77
In little ole Montana they are as much as $300 to $600 a month and more for luxury condos. ratchiweenie 9 hrs ago #73
No surprise. Aristus Yesterday #3
Central Florida was a paradise PCB66 Yesterday #7
Anyone who has ever tubed down the Ichetucknee or bird watched at Myakka or waded the green waters of Longboat Key lostnfound Yesterday #23
You left out "Walkin' Lawton". Lawton Chiles. Lochloosa Yesterday #55
Thank you! You are right. Nt lostnfound Yesterday #64
Flat. Hot. Bugs. Invasive creepy crawlies everywhere. Brimming with "Florida men" and "Florida women" paleotn Yesterday #14
Yes, a "hellhole", please do not move here, it's terrible! EX500rider Yesterday #47
What kind of fish are in the first picture? jmowreader Yesterday #49
The mammalian kind not fooled Yesterday #52
West Indian Manatee EX500rider 23 hrs ago #65
Sunshine? Ugh! The worst! Aristus Yesterday #59
Sad... EX500rider 23 hrs ago #66
Not for me. Aristus 14 hrs ago #70
This is exactly what makes me nervous JBTaurus83 Yesterday #4
The laws in Florida that allowed this are pretty unusual. In most states there are pretty strict Scrivener7 Yesterday #39
What really gets me here is that no one is sharing any of the responsibilities for this whole mess to begin w/, SWBTATTReg Yesterday #5
Hi-rise condos are a fundamentally flawed concept Random Boomer Yesterday #63
Wise words on your part. I am wondering if two friends of mine, originally located here in STLMO, who had SWBTATTReg 10 hrs ago #72
Is the problem that they just put off or avoided repairs JI7 Yesterday #10
Absolutely. Same thinking in 'Murica since raygun not fooled Yesterday #50
Does this mean they can't afford to buy a second home in WNC? Hope, hope. Wonder Why Yesterday #11
Or in SC. raccoon Yesterday #18
You mean North Florida? No big. Wonder Why Yesterday #20
The rush to build pfitz59 Yesterday #12
As a third generation Floridian who moved out Hey Joe Yesterday #13
You were lucky to have experienced it as a child. slightlv Yesterday #16
I was a kid there in the late 50s and the 60s The Blue Flower Yesterday #22
It's going to make for a very interesting REO/foreclosure market at some point. flvegan Yesterday #15
Not all Fla condo's have this problem. I live in a well run association in west central Fla. When one goes up for sale mitch96 Yesterday #17
Agreed..this situation applies to a certain type of condo in a certain area BlueWaveNeverEnd Yesterday #37
My mother's building in SFLA has been extremely diligent forever about funding their reserves. But, there are buildings Raftergirl 7 hrs ago #75
400k assessment..wow! BlueWaveNeverEnd 6 hrs ago #85
A couple from our NY synagogue lost their 2 sons at Surfside Danmel Yesterday #19
That is terrible Alice Kramden Yesterday #26
How very sad.. unimagineable.. mountain grammy Yesterday #29
Omg..how sad BlueWaveNeverEnd Yesterday #34
It'll all be underwater soon anyways JoseBalow Yesterday #21
Well, it was... GiqueCee Yesterday #25
Sadly yes, probably much sooner than most think mountain grammy Yesterday #31
Straight out of a John D. MacDonald novel. nt Susan Calvin Yesterday #35
In the next decade the cost of living in FL is going to drive out middle class residents. flashman13 Yesterday #43
Disney has lots of parks worldwide Amethyst Ring 17 hrs ago #67
The difficulty financing is nothing new madville Yesterday #44
How The Reagan Revolution Collapsed America & the Florida Condo Norrrm Yesterday #62
I imagine insurance is playing an outsized role as well Ruby the Liberal 14 hrs ago #69
This was entirely predictable after Surfside genxlib 13 hrs ago #71
Another problem is popsdenver 8 hrs ago #74
Corporate owners should NEVER be allowed buzzycrumbhunger 7 hrs ago #80
Haven't almost all apartment complexes been owned by corporations for many years? MichMan 7 hrs ago #82
It's not just condos anymore buzzycrumbhunger 6 hrs ago #83
Too late popsdenver 2 hrs ago #86
Painful but necessary regulations WarGamer 6 hrs ago #84
Boy, Ron De Santis is going to really like this! MrsCheaplaugh 2 hrs ago #87
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