My family left Florida for South Carolina 5 years ago, the exact house we sold was completed destroyed during last month hurricane. Feel sorry for the home owner, but there's a reason why we left
They will cheap, contractors will buy the home and rebuild and then sell it to the next science denying moron who will be stunned to find out they live in a flood plane. The real losers are the American tax payers that keep shelling billions so stupid people can keep doing stupid things. Republicans don't like regulations but we need those regulations because Republicans do stupid shit that costs all of us money. writings on the wall, there will be an exodus out of Texas to Florida as the Inconvenient Truth sets in.
I it would have to be investors with deep pockets... there's no way you could get a mortgage if you can't get insurance. They would probably have to buy the entire area. Think about it who would want to live in an area where every other house looks like a war zone.
In 92 it was a fairly safe bet for investors. But in 2024, it's almost a guaranteed loss. We now know these storms are going to keep coming and keep getting worse.
My family sold “as is” post Andrew, just north of Country Walk off west side of US 1 and Suniland area, we lived there since late 50s. It is stunning what foreign investors, and uber wealthy from other countries bought homes with acreage and now most of the homes on east side of US 1 by Cutler Bay are in the millions, they look like embassies or hotel resorts. Unrecognizable…so sad.
I feel for these people, because they had no idea what they were doing when they bought these houses. They came down here from New York and New Jersey and figured they would just buy whatever looked nice. No one educated them, so they moved into houses that were built wrong for the weather. Developers were only too happy to build cheap houses, realtors were glad to sell them, and nobody warns buyers. You can build a house right on the water and do just fine in a hurricane, but you have to 1) make it from concrete, 2) put a steel roof on it, 3) install the correct doors and windows, 4) put it on pillars or a raised berm, 5) construct a proper foundation, and 6) cut the damn trees that are too close to your house. If you're inland, you have to make sure you're not in a floodplain. That information is available online. I have a house about 60 miles inland. Hurricane winds have never been recorded here. We just get tropical storm winds. It's virtually impossible for my property to flood. I cut the big trees that were close to my buildings. The walls are concrete. We've lost a few trees over the years, but that's about it. Silly people are saying people are going to abandon Florida. No, they won't. New residents run into 6 figures per year, and everyone knows about the hurricanes. If the "weak house built too low" model won't work, people will just start building better houses. It's not that expensive. When you're talking about a $1-10 million property, an extra hundred thousand for proper construction doesn't mean much. New York is smaller than Florida now, people will never stop getting old and wanting to get away from cold weather, and a lot of Americans are dying to get away from blue-state socialism and tyranny. We will probably see small, weak homes replaced by bigger, stronger, more expensive ones. There is no substitute for Florida. California is nuts, Hawaii is tiny, Arizona is like an air fryer, South Texas is awful...people pretty much have to move here.
Ain't no by gonna wanna live there at all after seeing the damage and all nobody got time to waste and stress and money for the storm damage every year just to keep fixing up their homes which cost hundreds of thousands of dollars
Sea levels are rising and Florida is sinking, it's not gamble but a certainty that flooding will continue to get worse. This year it was hurricane, two years from now it will a rainstorm, five years from now it'll be king tide those homes.
"oh no! I bought a house in a disaster area. I thought Florida was an easier place to live than anywhere else in this country." Now all of these idiots are going to move to my state... Where do most people move after Florida? Ugh... Please pick any other state!
i laugh at people who think that insurance is going to make them whole, and if they didnt have flood insurance, they are SOL...i lost my home to wildfire which burned to the ground with nothing left no warning nothing...and I sold the lot after i paid to have it cleared after insurance paid me...which wasnt enough to cover these people had warnings to get pictures family mementos out and leave I didnt have that luxury...
Storms happen every year. Insurance is hard to get because it's yearly event. Cost are in the 100,000 of thousands. Markets have made owning a home a unacceptable liability by cost alone before even talking about environment agent red tagging everything. One less thing to work for, more time not at work. Gotta go find something more better valued then 100,000s dallor toilet paper titles.✌️😎
Storms happen every year. Insurance is hard to get because it's yearly event. Cost are in the 100,000 of thousands. Markets have made owning a home a unacceptable liability by cost alone before even talking about environment agent red tagging everything. One less thing to work for, more time not at work. Gotta go find something more better valued then 100,000s dallor toilet paper titles.✌️😎
My family left Florida for South Carolina 5 years ago, the exact house we sold was completed destroyed during last month hurricane. Feel sorry for the home owner, but there's a reason why we left
Why would anyone pay to get a house there? U couldn’t pay me
They will cheap, contractors will buy the home and rebuild and then sell it to the next science denying moron who will be stunned to find out they live in a flood plane.
The real losers are the American tax payers that keep shelling billions so stupid people can keep doing stupid things.
Republicans don't like regulations but we need those regulations because Republicans do stupid shit that costs all of us money.
writings on the wall, there will be an exodus out of Texas to Florida as the Inconvenient Truth sets in.
All the while growing mold 😢
MAGA supporter would definitely buy it. If only he/she had money
@@malanalan1 It's a 100 year flood idiots..
I would not even take one of those flood zone houses if it was "free"!
"under water on their mortgages" oooooooouuuchhhhh pun
Isn’t it ironic underwater
Homes 🏠 and they were
Underwater 😢
New buyers can see what they can expect from the next hurricane.
Black mold sale! Buy someone else's problem and make it your own! Buy now!
The new K Mart Blue Light Special.
Who is to say it won’t flood again in another hurricane? They will be lucky if they can give it away!
I it would have to be investors with deep pockets... there's no way you could get a mortgage if you can't get insurance. They would probably have to buy the entire area. Think about it who would want to live in an area where every other house looks like a war zone.
Similar to a fire sale but not.
Everything is going according to plan for Blackrock....
It's Florida homeowners problem.
No one in their minds will take that deal
Who wants to buy a flooded home? Not me!
The rich will buy up that property and build to code.
Not worth the risk,.unless you want to inflate the house price to like double or triple you not gonna get your investment back.@@seriejohnson698
You couldn't pay me
The same happened after Andrew in 92 in Miami. Country Walk sold to investors overnight.
In 92 it was a fairly safe bet for investors. But in 2024, it's almost a guaranteed loss. We now know these storms are going to keep coming and keep getting worse.
My family sold “as is” post Andrew, just north of Country Walk off west side of US 1 and Suniland area, we lived there since late 50s. It is stunning what foreign investors, and uber wealthy from other countries bought homes with acreage and now most of the homes on east side of US 1 by Cutler Bay are in the millions, they look like embassies or hotel resorts. Unrecognizable…so sad.
I’m selling this house, it’s only flooded 4 times in 7 years lol Florida people
Yeah, those northerners keep moving down here.
@@bbrcummins1984Trump.
Should I stay or should I go (The clash)
I mean, not worth the repair and risk.
Be Very Careful buying a used car!
Why does this surprise anyone?
It’s only a paradise if you’re a visitor.
I feel for these people, because they had no idea what they were doing when they bought these houses. They came down here from New York and New Jersey and figured they would just buy whatever looked nice. No one educated them, so they moved into houses that were built wrong for the weather. Developers were only too happy to build cheap houses, realtors were glad to sell them, and nobody warns buyers.
You can build a house right on the water and do just fine in a hurricane, but you have to 1) make it from concrete, 2) put a steel roof on it, 3) install the correct doors and windows, 4) put it on pillars or a raised berm, 5) construct a proper foundation, and 6) cut the damn trees that are too close to your house. If you're inland, you have to make sure you're not in a floodplain. That information is available online.
I have a house about 60 miles inland. Hurricane winds have never been recorded here. We just get tropical storm winds. It's virtually impossible for my property to flood. I cut the big trees that were close to my buildings. The walls are concrete. We've lost a few trees over the years, but that's about it.
Silly people are saying people are going to abandon Florida. No, they won't. New residents run into 6 figures per year, and everyone knows about the hurricanes.
If the "weak house built too low" model won't work, people will just start building better houses. It's not that expensive. When you're talking about a $1-10 million property, an extra hundred thousand for proper construction doesn't mean much.
New York is smaller than Florida now, people will never stop getting old and wanting to get away from cold weather, and a lot of Americans are dying to get away from blue-state socialism and tyranny. We will probably see small, weak homes replaced by bigger, stronger, more expensive ones.
There is no substitute for Florida. California is nuts, Hawaii is tiny, Arizona is like an air fryer, South Texas is awful...people pretty much have to move here.
Million dollar teardowns
Realtors are always looking for a bigger commission
😅😅😅😅 why y’all think someone wants to buy your crap house in the SWAMP!?!?! 😅😅😅😅
affordable housing!!!!!!
Whos gonna buy if you cant get it insured😢
Ain't no by gonna wanna live there at all after seeing the damage and all nobody got time to waste and stress and money for the storm damage every year just to keep fixing up their homes which cost hundreds of thousands of dollars
Private equity licking their lips.
Well they better be building RV parks. No insurance company is gonna touch that area for a while.
it is not a "tough spot." it is like a car that is not worth what you signed the papers for. it is called trapped under ice. and it is miles thick.
Yup best just to short sell
The Florida real estate market was always overhyped. Many bought in and lost.
Foreclosure isn't a thing anymore.
Really is a gamble at this point isn't it. Get out now or stay and pray there is not another hurricane. Oof
It’s either ignorance, or stupidity.
Sea levels are rising and Florida is sinking, it's not gamble but a certainty that flooding will continue to get worse. This year it was hurricane, two years from now it will a rainstorm, five years from now it'll be king tide those homes.
We are seeing so many florida plates up here in the carolinas!
Same here in chattanooga
"oh no! I bought a house in a disaster area. I thought Florida was an easier place to live than anywhere else in this country." Now all of these idiots are going to move to my state...
Where do most people move after Florida? Ugh...
Please pick any other state!
I think people will pay lot price only to park an RV on, relocate or evacuate before storm landfall. Aedin
Corporations need to be banned from the housing market. That's one reason prices are through the roof.
Del Boca Vista
Sad but its the corporations who will get stronger in controlling the RE market. 🙏❤😡
i laugh at people who think that insurance is going to make them whole, and if they didnt have flood insurance, they are SOL...i lost my home to wildfire which burned to the ground with nothing left no warning nothing...and I sold the lot after i paid to have it cleared after insurance paid me...which wasnt enough to cover these people had warnings to get pictures family mementos out and leave I didnt have that luxury...
Of course investors
Storms happen every year.
Insurance is hard to get because it's yearly event.
Cost are in the 100,000 of thousands.
Markets have made owning a home a unacceptable liability by cost alone before even talking about environment agent red tagging everything.
One less thing to work for, more time not at work.
Gotta go find something more better valued then 100,000s dallor toilet paper titles.✌️😎
a slice of s***
I'll buy that for a dollar!
prepare for the taxes and insurance
And pay 20k a year in taxes and insurance
Listening to real estate agents talk is like nails on a chalkboard
Storms happen every year.
Insurance is hard to get because it's yearly event.
Cost are in the 100,000 of thousands.
Markets have made owning a home a unacceptable liability by cost alone before even talking about environment agent red tagging everything.
One less thing to work for, more time not at work.
Gotta go find something more better valued then 100,000s dallor toilet paper titles.✌️😎