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getagrip_already

(17,537 posts)

9. More likely....

Wed Oct 30, 2024, 02:02 PM

Oct 30

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.

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IthinkThereforeIAM IbogaProject TheRickles BigmanPigman JT99

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Highlight:

Florida Faces Exodus as Residents Declare Insurance Crisis Final Straw [View all] BumRushDaShow Oct 30 OP

And this is what you get when your gov gay texan Oct 30 #1

Of course they dont blame scott or desantis..... getagrip_already Oct 30 #2

You're damned right it's Biden's fault. Because he's so out of touch he wasn't controlling the weather with the Jewish Ray Bruns Oct 30 #6

Not surprised Deep State Witch Oct 30 #3

Sounds like housing prices will be coming down there Captain Zero Oct 30 #8

Can't borrow as much enid602 Oct 30 #10

and rent them for $500.00 a month. verargert Oct 30 #21

Poison pill melm00se Oct 30 #29

Hedge funds have already snapped up residential properties at alarming rates... buzzycrumbhunger Oct 30 #28

I think we should outlaw Hedge Funds, slightlv Oct 30 #35

It's one way to fix a housing crisis. Will it go all the way that FL starts turning blind eye to undocumenteds? Bernardo de La Paz Oct 30 #4

They need workers to rebuild IronLionZion Oct 30 #16

Trump will claim folks are leaving because of "the border crisis." Jit423 Oct 30 #5

What border ? Surrounded by water. verargert Oct 30 #22

Trump will just draw a border with his magic sharpy DBoon Oct 30 #34

It begins Miguelito Loveless Oct 30 #7

More likely.... getagrip_already Oct 30 #9

::private equity has entered the chat:: EarthFirst Oct 30 #11

Right? And they don't even need to rent them to young families - TBF Oct 30 #24

Florida is unsustainable, get out while you can JoseBalow Oct 30 #12

If you build somewhere that hurricanes strike every few years... The Mouth Oct 30 #13

Aren't people required to have insurance by their mortgage companies? And HOAs? mahina Oct 30 #14

Real Estate Investment Trusts and The Mouth Oct 30 #23

A lot of folks I'll be leaving Fla. in the coming few generations. Magoo48 Oct 30 #15

That's why I vote for the party with the magical weather control machine IronLionZion Oct 30 #17

Hey, republicans::: why can't you control the weather? Are you too stupid or God won't let you? keithbvadu2 Oct 30 #19

Will DeSantis take credit for emptying the "Free State of Florida"? tanyev Oct 30 #18

Florida is filled. 250 a day are moving in. It will be good jimfields33 Oct 30 #31

Boy I feel sorry for them....enough is enough. Most can no longer afford to live there. PortTack Oct 30 #20

Driving the streets of Denver DENVERPOPS Oct 30 #25

Damn it! Traildogbob Oct 30 #26

Who's going to work in their low pay jobs? duncang Oct 30 #27

Don't come to Georgia---We are full. NGeorgian Oct 30 #30

SC as well. raccoon Oct 31 #39

Life on a sandbar during the time of climate change. OAITW r.2.0 Oct 30 #32

Kind of an anecdotal observation, but I've seen a lot of cars with Florida plates recently in Central Maine. OAITW r.2.0 Oct 30 #33

Snowbirds getting ready to go to Florida for four months? jimfields33 Oct 31 #40

Could be snowbirds, but maybe relocating snowbirds? Don't know. OAITW r.2.0 Oct 31 #41

Hey BumRushDaShow....please don't democratsruletheday Oct 30 #36

ALL of them "suck" and CNN is probably #1 right now BumRushDaShow Oct 30 #37

Thanks for what you do BRDS. uncle ray Oct 30 #38

I WOULD say that Floridians can come to Michigan... democratsruletheday Nov 1 #42