It's not just built on sand it's built on the porous bedrock that compresses with the weight of the buildings .. I highly suggest you start using chat GPT so you can educate yourself before making an uninformed comment
Miami doesn't have many sinkholes. I'm in the Gainesville/Ocala area and we have a lot of problems up here. I knew someone that had to have holes opened in her floor and posts were put in and anchored to the bedrock.
Yeah and You should be able to build wherever you want and also simultaneously tell others where they can’t live….youre the most Americans thing I can think of….
In my country there's a law designed to protect seaside from erosion and it's illegal to build directly at a beach. There needs to be a sand dune and tree line between the new build and beach Obviously some people push the boundaries as far as it's possibile but I think it's a great law to protect everyone
WELL PUT...HIGH RISES are a BLIGHT. And the overcrowding as well. This whole planet is OVERPOPULATED, all those babies have to come to a STOP for the good of this planet. 😠😡😠😡😠
@@itnow🤦 Overpopulation hasn't been a problem in the developed world for literally like an entire century. Underpopulation/demographic collapse is the MUCH bigger problem.
@@Cooe. untill 2 to 3 billions ppl life was cool and sustainable. Those looking for a big sale market are claiming we need more consumers stuck in piled boxes with a garden to share with drug addicts. I've known 3 billions ppl when I was a child and nothing was really missing and we had plenty of place to live and hope .
I have said this for years, anyone who builds or buys property next to any major waterway does so at their own risk. Sorry for those who got suckered you need to use more common sense something our society lacks in critical areas.
Yeah, too many development executives and buyers are willfully ignorant of basic geographic science fact. People want to believe that mountains and waterways are permanent but they're quite temporary. And moving.
That’s what I’m saying! That one mother storm that whole state will flood or continental drift will break it off into the ocean. I worry for both east and west coast . There’s things going on under our feet we are unaware of. I think we need to warn people to move more inward. Before purchasing a home have grounds surveyed. ❤❤parts of Texas too.. 👀😱
One scenario you did not mention is the most important to a civil engineer. Are all outer parts of the building sinking at the same rate? If not they wind up with uneven stress leading to collapse or the leaning tower of Pisa problem.
i just to work in Sunny isles, check the Porsche tower.., i used to overhear the engineers complain all the time about the slight tilt affecting the elevators , also window cleaners use to tell me that they could see cracks
For several decades, Florida has been run by IDIOT REPUBLICANS that systematically "REDUCED REGULATIONS" in the construction industry that allowed these poorly ENGINEERED towers to be built. SO... just like the buildings around the collapse several years ago, all the buildings will be inspected and the cost of all the damage from lack of inspections will be added to the owner's mortgage to the tune of hundreds of thousands of dollars. See, that what happens when you hire a bunch of corrupt politicians to make sure high rise buildings are properly built.
Some of these buildings require large amount repair money to meet new standard, which requires owners to pay 50K, 100k, 150k immediately. I guess banks don't want loan money to them.
The condos aren't built on swamp. Swamp was further inland. The coastal areas are primarily sand, but regardless of how much compacting they do, a condo weighs a lot and will put a big squeeze on it.
Another point that you didn't cover noted by the NASA study is that part of the subsidence is in response to the effect of the former Laurentide Ice sheet that once covered the Northeast. Even though it was tens of thousands of years ago, that's just a blink in geologic time. The ice sheet was close to half a mile thick from top to bottom over New York state, and the weight of that ice depressed the land in the northeastern region, while causing the region to the south to bulge upward. As the Laurentide melted and withdrew, the slow process of isostatic adjustment -- the re-balancing between the two regions-- started, slow and hardly discernable from our fleeting point of view, but continuous over time, and that process is still continuing today, with the northeast rising and the southeast sinking. That's another component to add to the mix of the weight of skyscrapers and sea level rise. Also, to the earlier commentor who stated they had lived in Miami Beach for 47 years and nothing has changed -- I accept your point of view, but as someone who has lived for 70 years in several areas of the southeastern US and visited many others, I have seen multiple changes on our coastline. When I was a child living outside Charleston, we never saw the Market area flood unless there was a hurricane. Now it floods with heavy rain or during a king tide. We also visited the Outer banks in NC often, and saw old roads half eaten by high tides even then; now Rodanthe Beach on Cape Hatteras is losing beach houses to the sea that was once over a football field length away at high tide. The only constant of the Earth is change, and coastlines usually see it first. Florida is also the sinkhole capital of the US -- and not just on the coast -- because of the vast increase of the pumping of ground water from the porous limestone aquifer to accommodate the surging population growth. Miami is investing huge sums into coastal protection, but I don't think even Dutch engineers can stop sinkhole formation and isostatic adjustment.
The coastline issue is actually a reasonably easy fix, but people aren't smart enough, determined enough, and willing to pay for millions of gallons of water per hour to be desalinized. Instead, we get water from aquafirs that damage the structure of the ground. Obviously, the desalination plants are expensive, but cost has come down to $2 per 1000 gallons. This water could be used to solve a lot of water issues the world has.
Lived in Florida for a year and a few of us went out to an area they used to go all the time and they told me back then 1996 it was sinking and where we were used to be small dunes.
King of Swamp Castle: When I first came here, this was all swamp. Everyone said I was daft to build a castle on a swamp, but I built in all the same, just to show them. It sank into the swamp. So I built a second one. That sank into the swamp. So I built a third. That burned down, fell over, then sank into the swamp. But the fourth one stayed up. And that's what you're going to get, Lad, the strongest castle in all of England.
Wasn't there a land bridge beween England and France at one time many thousands of years ago? I vaguely remember them showing a video of how they discovered it, by sonar or satelittes images.
The difference between the swamp in England versus Miami is that the English swamp has a clay foundation while Miami has a coral limestone foundation that has holes that process water. That’s why Miami floods all the time even without rain.
@@elaine1034 Half of the North Sea was above water at the end of the ice age. You could walk from Denmark to England. In some places, the North Sea is still only 15 meters deep, even 100 kilometers from any land.
If you look at Destin Florida, a large building(emerald grande) was built on the harbor and the building has settled and shifted more than expected. The pool on the upper level of the building developed a leaking crack which drained into the parking decks below for 2 years. The building also shifted the surrounding sand and underlying earth so much that it also shifted the Destin bridge which had to be reinforced later by the state. You can see the reinforcements of the bridge on the west side bridge piers.
I studied engineering for a couple years at Valencia College in Orlando. Because it was a Florida college, a lot of the more detailed aspects centered on the state itself. My favorite class was the _Building Foundations_ course they had (don't remember the exact name). It went extensively into Florida's geology. Interestingly, no part of the state has any reachable bedrock. When inspecting slab concrete pours here in Kansas city, I remember some sloped terrains comprised of clay, so dozens of holes were augered out for piers as deep as 30-50ft (10-16m). We would take these 50ft pieces of rebar (which were Hella expensive) and drop them in the hole to hear a _clank._ If no _clank_ noise, we had the auger drill again. I Florida, no such engineering method exists. For large buildings (I wanna say dove 5 floors, but it could also be based on weight and footprint of building and specific geology) and virtually all bridge overpasses, piles (big steel beams similar to those inside skyscrapers) are just ruthlessly beaten into the ground. The logic is, after a certain depth, all soils are packed down as well as saturated with some groundwater from years and years of rainfall, amongst other things. If I drive these beams into the ground, the packed soil won't come undone, but instead just pack closer together between the piles. Sometimes this pushes out water, sometimes it just compresses microscopic air pockets further. This pressure creates a force that wants to eventually push up (as there is least resistance). But building a heavy structure on top of the soil and piles creates a force that holds the soil in place. The biggest issue I've learned about with this process is that it's all trial and error. It used to be much worse as people did all these calculations by hand, but computers have made it easier to analyze the soil strength compared to weight. Usually, it comes down to not understanding the soil well enough and the effects of _super-saturation._ This is when the soil absorbs more water than it can displace and the land goes from being stable to a slurry mixture. Like wet dirt turning into inches of mud.
Problem is Miami doesn’t have a bedrock foundation, rather a coral limestone foundation with holes in it that allow water to seep into it. That’s why Miami floods all the time.
Believe it or not, not all sand is created equal. Some sand is actually quite good for building on. In my area it is preferred because of it's grain and aggregate composition here. Not so much on this beach in Florida.
When I first saw vids of the Porsche design tower and now the Bentley residences, where not only is it a luxury apartments, but each one can hold 2-4 cars on each floor with the car elevator, I remember thinking how is all that weight not gonna cause problems. It’s like a luxury high rise with a filled Carvana car tower inside. Crazy weight right next to the beach……
@@JJ-in3bc Hector is going to be running 3 Honda Civics with spoon engines. And on top of that he just came into Harry's and he ordered 3 T66 turbos, with NOS, and a Motec system exhaust
Port Orange, Florida doesn't have a single highrise. The cities adjacent to us do. Looks like our city planners got something right. I'm loving my one story duplex. ❤😂
Geology affects building standards MANY places. In and around NYC, for example, lots of rock prevents the skyscrapers being built various places, making it uneconomic.
Man! Every time I hear about Florida it's always terrible. The insurance is out of control, a sinkhole swallowed the old man on the toilet, that's after the alligator and boa constrictor poked in dangerously close for a snack. Oh boy here's the destructive tornarrocane and property ruining floods. Oh everyone is dying of the plague but we're in business as usual. Oh wait.... Monkey pox, leprosy on the prowl in Miami. Like fk! And people want some of that. Well maybe the governor is paying attention....fk!
Where I live it's pretty clear that inner city buildings have sunk, but the road is still where it was. Few years back something snapped and a central street just folded in to the void underneath. Keep seeing more and more potholes into nothing and street lights tipping but the city seems more concerned with changing street names, making "mistakes" on utility bills and gentrifying already up market neighborhoods.
Because they didn't build them right and built them on the cheap with cheap labor. Trying to fill EVERY plot of land so even the plots that really shouldn't be built on, are. Didn't work with neighboring properties for proper drainage etc. etc. Let's also not forget Florida has no bedrock. It's literally just sand.
It's all just greed. My son, a civil engineer, told me that depending on the ground good foundations can take up half the cost of construction. Of course companies don't want to pay that, they want to build as cheap as possible and then sell for as high a price as possible. They don't care if the foundations are crap, they won't be around by the time anyone notices it.
Sand and soil is not static, it's dynamic. In many situations, prior to construction, they preload the site with soil to compress the underlying material so as to avoid post construction subsidence. But, keep in mind that much of the bedrock in Florida is limestone which can me degraded by changing PH levels. The Atlantic ocean Ph levels have been decreasing due to the absorption of CO2, making it more acidic. I guess we won't really know until someone decides it's a big enough problem get more enthusiastic about possibly solving or avoiding the problem.
Good point about pH. I'd be more concerned about pH of rainfall affecting groundwater in the near term than ocean pH though, although that is certainly slowly dropping.
Wow, you must have read my mind! Miami penthouse tour vids are constantly recommended to me on YT and I was amazed how they can even build there and why sinking isn't a bigger issue.
It is advised to hire engineers from The Netherlands to prevent this. They are experienced with building fundaments for very large buildings that remain stable on even far less solid ground.
HA! America will never ask the Netherlands, despite their expertise in these things, to assist. It was the Dutch who said that the current levees and dams presently built around New Orleans will not hold as the grounds themselves are sinking - do you think the US Army Corps of Engineers listened? Not a chance. America will not invest in "preventive maintenance" but rather double the price for subsequent maintenance which makes no sense.
i went to boyton beach a couple years ago to my favorite old beach spot (from maybe 6-8 years prior). there was no sand left. the stairs from the (luxury) apartments area that used to lead down to the sand & onto the beach now led directly into the water. it was terrifying. the buildings are literally sinking into the sea, and not just the expensive millionaire high-rises, that’s also smaller homes & many local businesses
RE: Cities list @7:46. Venice is sinking largely because it's on the north Adriatic slab that is gradually subducting under the Alps: its sinking is inevitable, and not manmade. You also didn't mention the fact that *nearly half of Red China's cities are sinking faster than 3 mm a year.* Some areas of Beijing and Shanghai are sinking at 10 mm or more per year. *Beijing's cumulative subsidence is up to 1.5 m (5 ft), while parts of Shanghai have sunk more than 3 m (9' 10") since 1921.* The main problem in CCP-land is the over-extraction of ground water, creating wide-spreading subsidence "cones" of sinking earth. Shanghai's oversaturation with skyscrapers has contributed to its problems. Xi Jinping also wasted $128B to build Xiong'an New Area in a swamp: it's not built on sand, but on sludge.
Limestone is soluble in water. This limestone is adjacent to AND beneath the ocean. Who could possibly have realized that this might lead to a problem? Hasn't anyone in Florida heard of sinkholes (due to limestone dissolving under ground and allowing water to flow leading to the sinkholes?) In Manhattan, everything is within 1 mile of two rivers. Also, everything is standing on the bedrock that is 70 feet beneath the ground. Bedrock. Not limestone.
I’m from south Florida around Fort Myers growing up with downtown Fort Myers being built further inland unlike downtown Miami being built right on the beach has never made sense to me.
I believe it's similar with New Orleans. When it floods, it's the new neighborhoods that get flooded. The first people who settled in the area knew to build their houses on the hills.
Not only are the buildings going to require a mountain of money in the ATTEMPT to save them.... and many of the attempts will fail, so a total loss........ but the LAND will be worthless, too.
GPT says miami lime is 50% porous so it's possible that high weight can progressively crunch the porous weak structures. Maybe accelerated by strong winds shifting the weight of the building around. Southern florida doesn't strike me as particularly robust on a good day so skyscrapers on the beach might not have been a great idea. And if that sinking isn't uniform and the foundation isn't super rigid you could imagine sudden catastrophic failures. although if they are purely steel buildings they might handle a bit of warping. concrete elements wont. when they are this tall you might not get progressive warning like they did for years with Champlain. if you see anything wrong, it's time to go
The thing about sinking buildings is that, it could take years for something to happen, or it could take a snap, because the unevenness of the structure, if not controlled, could be enough to put the whole building down, because the weight must be evenly distributed among slabs, beams and pillars!!! However, at this rate, we could be seen skyscrapers coming down pretty soon!!! Because when it comes to engineering 1 extra inch at the wrong place, has the potential to cause a lot of damage!!!
Another thing I realized was that the limestone slowly errodes (yes, from natural erosion like winds and waves, but also) from acidic solutions to even weak alkaline bases. Limestone _literally starts to dissolve_ around 7.5ph to 8ph (7 being neutral). Historically, ocean salt water had a ph _average_ of only 8.25. Arguably, the ph has since dropped to about 8.1 over the last two centuries due to carbon emissions. CO2 will naturally mix into water and acidify it like a club soda (though never to that extreme). Every time there is a storm surge, that water creeps onto land and absorbs into the soil. Chemically corroding it. The limestone dissolves partly into CO2 gas, which is more compressible, causing a foundation to sick, sometimes unevenly. It'll sink to a side as water doesn't absorb as well under the concrete foundation slab compared to the surrounding soil.
If this is such an issue, why are new projects being allowed to move forward with construction? Also if this is such an issue why are local municipalities signing off on the construction permits? This is either not as big of an issue as they are letting on, or something is being covered up.
As long as lobbists lobby permits will be issued. Human life is of zero concern. Fema has demonstrated this several times in the last 4 years. If the lobbist want it, it is theirs. No concern for human life or the environment.
Cities are sinking around the world.... London, Amsterdam, Los Angeles, Mexico City, Bangkok, Kuala Lumpur, Dhakar, Mumbai, Venice, NYC, Cairo, Ho Chi Ming City, Phnom Penh, Shanghai, Tokyo, etc are examples of sinking cities around the world
Don't forget New Orleans, it's below sea level, from Jackson Square you can actually see the freight ships on the Mississippi a couple of feet above you....
Someone else mentioned the continuing impact of the loss of the glaciers that covered the northern part of the continent thousands of years ago but just to explain that with an analogy consider the following. You may notice that when you sit on a bed the soft mattress naturally sinks below your weight but the edges of the mattress around you may actually rise (depending on the type of mattress). When you then get up off of the mattress the part where you were sitting rises up again and the part of the mattress around the edges falls back again. Apparently in a similar fashion when extremely thick ice sheets covered much of the continent they pushed down the ground underneath them but just like with some mattresses the weight in the middle of the continent caused the edge of the continent next to the sea which had no glacier on it to rise up just like the edge of the mattress did. Then after the glaciers melted and retreated the ground that had been under the ice sheet started to rise back up again while the areas near the coasts started to fall back again. Amazingly this process takes a very long time and so today thousands of years after the ice sheet is gone the process is still going on. That means that at some places along the coasts there is a problem not only with the impact of the weight of buildings and sea level rise and possibly worse rain storms and worse storm surge in hurricanes but also with the fact that the coastline is still sinking due to the continuing impact of the loss of glaciers. Apparently, the city of Washington is one of the cities that faces the potential of increased future flooding for a number of reasons including the continuing impact from the melting of the ice sheet long, long ago.
so much for buying an over priced high rise condo with insane HOA fees and now an endless money pit of special assessments owner's will have to pay for
San Francisco here, foundation settlement is very common in the Bay Area, both vertical and lateral considering more than half the structures are on hillsides. Grading, compaction, and proper underpinning during pre construction is paramount. Installing piles after it’s built is much harder and costlier
Not trying to be a Negative Nancy, but building along Oceans, Streams, Rivers, Tributaries, and Lakes is not the greatest idea when weather & water are undefeated.
I'm not surprised that this is happening. That sounds likely, it's inevitable. Any structures along the coast line will erode at some point. What surprises me is, why are they surprised?
When I lived in South Beach, I rented on the 1st floor of a 2 story building. 12th and Pennsylvania. That 1 bedroom was $800/month in 2001. I wonder how much it costs now.
I find it really interesting to hear that what is essentially photogrammetry is accurate to an 0.125 inches. Thats an order of accuracy and precision that I havn't heard of before. Also what I find interesting is that they apparently havn't backed this up with field work. I have done this level of work (both in accuracy, precision, and scope) before. It only takes maybe 2 weeks of work to back this up with accurate information.
Nassim Taleb pointed out years ago that optimization increases the severity of unexpected events. These high rises are highly optimized. A shack in the woods, not so much.
I lived for a year or so in Satellite Beach, FL, but on a single home property on a foundation, on the beach..The city had an ordinance that buildings on the beach side could not be higher than 6 stories high, and there were gaps in between buildings often of at least 100 yards, which is why Satellite Beach is not a tourist spot, so locals enjoy the empty beaches, sometimes a quarter mile when you see a person walking the dog or just chilling, and that's from Patrick AFB, down to almost Melbourne. I loved living there, but moved out for a job opportunity. Never cared for anything from West Palm Beach to South Miami.
Florida is too over built. Builders weren't thinking when they built all those high rises. Florida shouldn't look like awful New York City. 😡😡😡 Florida is a Peninsula of sand. Of course all that weight is going to sink in that sand. Too many high rises. Because high rises make money for builders and buyers it's become a really BIG problem. Now Florida is becoming overpopulated because of it. 😠😡😠. I loved Florida but buying a place there is now out of the question. Miami is constantly flooded. All those building should NEVER have been built there. New York City is ugly because of all those big ass stone scrapers, blocking out the sun. Wouldn't live in N.Y.C. if they gave me a Penthouse for free. It's over crowded, dark and gloomy. 😝😝😝😝 Florida was beautiful until all those builders came in and ruined it. 😡😡😠😠😈👿. All because there was money to make. Now it's full of sink holes as well. Remember, it's a peninsula, a SAND BAR.. 😡😵😵😵😵😵😵
I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?
"Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such task
Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Lisa Grace Myer” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Bedrock? We don't need no stinking bedrock! What passed for a skyscraper 100 years ago would be considered an outbuilding today - far less height, mass, and increasing mass delta as owners renovated with so-called luxury features like marble. There was also less construction so less earth shaking. Why is there even a market for these Miami condos?
And in other news, sound can be noisy, water is wet, and gravity can make you fall down. The *entire world* knew this was going to happen *decades ago!* Any other recent Usanian discoveries?
I vaguely remember a parable about building houses on sand...
@@nickc3856 ahh yes… I think I know the one
But thise Christians do know that because they don't read their own book they claim to worship.
Oh so castles made of sand, fall into the sea, eventually .....
Jimi Hendrix
Imagine if any of them had been actual Bible reading Christians, not just rattlesnake down pants crazies, they would have had a heads up
Christians. Haha. 😂
Never underestimate a contractors ability to cut corners either
That should be number 1
#BecauseMiami Billy Corbin knows best
They came from NY, so yeah I wouldn't be surprised on account of that.
Especially in Florida.
Everyone cuts corners to make the people that pay them happy. It’s expensive to over engineer things and stuff doesn’t get built if it costs too much.
Oh wow a foundation on sand isn't holding up? That's amazing.
Especially limestone. It needs more study. That's all. 🤪😵💫💥
There goes my tax money paying to bail out rich developers and stupid residents.
@@nntflow7058Rich helping back🥂 Dont worry
@@andreah6379 Yeah, limestone dissolves easily.
Aren't the professionals are always right ....
What is surprising is people are surprised that building on sand is not a good idea. Who would have thought that?
It's not just built on sand it's built on the porous bedrock that compresses with the weight of the buildings .. I highly suggest you start using chat GPT so you can educate yourself before making an uninformed comment
Did you and others even watch this one video? I hear that a house built of straw can be blown down by a wolf.
You can build a house maybe
🤣🤣🤣🤣
@@Adiscretefirm - maybe a cabana.
Imagine building skyscrapers on a swamp than being surprised when they sink.
Swamp? What swamp? They drained that swamp years ago. Why would that be an issue now? jk
Give me my swamp back! - Some big green guy.
Almost like they're just a money grab.
Sell someone a home, home gets destroyed, sell home again, rinse and repeat.
Mexico city was also built on swamp land and is sinking, slowly but surely.
This is like a study finding that water is wet and grass is green. Florida is well known for sinkholes and terrible limestone.
Miami doesn't have many sinkholes. I'm in the Gainesville/Ocala area and we have a lot of problems up here.
I knew someone that had to have holes opened in her floor and posts were put in and anchored to the bedrock.
Exactly!
This has nothing to do with sinkholes. Sinkholes are found along the I-4 / I-75 path.
and I guess most of these were built before Climate Change News told us re the oceans rising about 5 feet pretty soon.
@@psychokitty7268 Miami does have a giant sinkhole: it's called property tax.
Those buildings where constructed to generate quick profit. Goal complete!
The crooks will never be held accountable.
Seems to still be happening all over the state. The cheap materials used to build homes these days should be illegal.
Welcome to Florida
Developers made their cash
Bottomline.
Should never have allowed any construction on the Beachside in Florida . But as in all cases Money talks regardless of the consequence .
Morgan and Morgan knows the case they can win just call em
Yeah and You should be able to build wherever you want and also simultaneously tell others where they can’t live….youre the most Americans thing I can think of….
In my country there's a law designed to protect seaside from erosion and it's illegal to build directly at a beach. There needs to be a sand dune and tree line between the new build and beach
Obviously some people push the boundaries as far as it's possibile but I think it's a great law to protect everyone
@@mrike5651😭
@@longsleevethong1457 huh?
Having lived in South Beach I can say those high rises are a blight upon those beautiful beaches, and most of the occupants are as well.
WELL PUT...HIGH RISES are a BLIGHT. And the overcrowding as well. This whole planet is OVERPOPULATED, all those babies have to come to a STOP for the good of this planet. 😠😡😠😡😠
@@annanardo2358 overpopulation is the main problem for us to-day...but the economists are crying 'who's gonna pay for the retired'...psh
@@itnow🤦 Overpopulation hasn't been a problem in the developed world for literally like an entire century. Underpopulation/demographic collapse is the MUCH bigger problem.
@@Cooe. untill 2 to 3 billions ppl life was cool and sustainable.
Those looking for a big sale market are claiming we need more consumers stuck in piled boxes with a garden to share with drug addicts. I've known 3 billions ppl when I was a child and nothing was really missing and we had plenty of place to live and hope .
It's Florida, it's a blight on America 💀💀
I have said this for years, anyone who builds or buys property next to any major waterway does so at their own risk. Sorry for those who got suckered you need to use more common sense something our society lacks in critical areas.
to rich to learn common sense
Yeah, too many development executives and buyers are willfully ignorant of basic geographic science fact. People want to believe that mountains and waterways are permanent but they're quite temporary. And moving.
That's ok. Us taxpayers who are just scraping by will bail them out.
Greed and Mother Nature aren't gonna work .. .
That’s what I’m saying! That one mother storm that whole state will flood or continental drift will break it off into the ocean. I worry for both east and west coast . There’s things going on under our feet we are unaware of. I think we need to warn people to move more inward. Before purchasing a home have grounds surveyed. ❤❤parts of Texas too.. 👀😱
@@HeatherEvans-p1i What an original thought!
One scenario you did not mention is the most important to a civil engineer. Are all outer parts of the building sinking at the same rate? If not they wind up with uneven stress leading to collapse or the leaning tower of Pisa problem.
Hilarious!
Exactly, that's walls collapsing not just pipes bending or breaking. With far less shift than you'd think due to the huge pressures.
i just to work in Sunny isles, check the Porsche tower.., i used to overhear the engineers complain all the time about the slight tilt affecting the elevators , also window cleaners use to tell me that they could see cracks
:O
For several decades, Florida has been run by IDIOT REPUBLICANS that systematically "REDUCED REGULATIONS" in the construction industry that allowed these poorly ENGINEERED towers to be built. SO... just like the buildings around the collapse several years ago, all the buildings will be inspected and the cost of all the damage from lack of inspections will be added to the owner's mortgage to the tune of hundreds of thousands of dollars. See, that what happens when you hire a bunch of corrupt politicians to make sure high rise buildings are properly built.
If randy savage was still alive he'd be moving out and moving west of miami.
Condo values are not only declining, but the condos themselves are also deteriorating!
Some of these buildings require large amount repair money to meet new standard, which requires owners to pay 50K, 100k, 150k immediately. I guess banks don't want loan money to them.
@@Fordance100 Yes, because it’s not permanent,It’s inevitable they will have issues and sink so why “sink” so much money into faulty buildings.
Iol…try to buy one with your broke arse wallet lol
Who could've guessed that building huge skyscrapers in a swamp and beach could be a problem???? I'm shocked I tell you, SHOCKED
Doesn't matter if they are built in sand or shit. What does the foundations go down to? What are the implications of climate change, sea level rise?
The condos aren't built on swamp. Swamp was further inland. The coastal areas are primarily sand, but regardless of how much compacting they do, a condo weighs a lot and will put a big squeeze on it.
@@peterswatton7400 Plus storms
Another point that you didn't cover noted by the NASA study is that part of the subsidence is in response to the effect of the former Laurentide Ice sheet that once covered the Northeast. Even though it was tens of thousands of years ago, that's just a blink in geologic time. The ice sheet was close to half a mile thick from top to bottom over New York state, and the weight of that ice depressed the land in the northeastern region, while causing the region to the south to bulge upward. As the Laurentide melted and withdrew, the slow process of isostatic adjustment -- the re-balancing between the two regions-- started, slow and hardly discernable from our fleeting point of view, but continuous over time, and that process is still continuing today, with the northeast rising and the southeast sinking. That's another component to add to the mix of the weight of skyscrapers and sea level rise.
Also, to the earlier commentor who stated they had lived in Miami Beach for 47 years and nothing has changed -- I accept your point of view, but as someone who has lived for 70 years in several areas of the southeastern US and visited many others, I have seen multiple changes on our coastline. When I was a child living outside Charleston, we never saw the Market area flood unless there was a hurricane. Now it floods with heavy rain or during a king tide. We also visited the Outer banks in NC often, and saw old roads half eaten by high tides even then; now Rodanthe Beach on Cape Hatteras is losing beach houses to the sea that was once over a football field length away at high tide. The only constant of the Earth is change, and coastlines usually see it first. Florida is also the sinkhole capital of the US -- and not just on the coast -- because of the vast increase of the pumping of ground water from the porous limestone aquifer to accommodate the surging population growth. Miami is investing huge sums into coastal protection, but I don't think even Dutch engineers can stop sinkhole formation and isostatic adjustment.
The coastline issue is actually a reasonably easy fix, but people aren't smart enough, determined enough, and willing to pay for millions of gallons of water per hour to be desalinized. Instead, we get water from aquafirs that damage the structure of the ground. Obviously, the desalination plants are expensive, but cost has come down to $2 per 1000 gallons. This water could be used to solve a lot of water issues the world has.
In addition to all of that, the sea level is gradually rising.
@@bb1111116 Al Gore is that you?
Native Americans never set up too close to a bank or coast, and they only had tents.
Well, this is a real estate channel. These people only care about facts when it's too late and they lose lots of money over these facts.
Well Florida is a giant Sandbar....
Add: Sinking. Sinking sandbar.
BINGO!!!!!…..
Along with Louisiana and the Yucatán Peninsula. All low laying, marshy sandbars.
Not nearly
Lived in Florida for a year and a few of us went out to an area they used to go all the time and they told me back then 1996 it was sinking and where we were used to be small dunes.
King of Swamp Castle: When I first came here, this was all swamp. Everyone said I was daft to build a castle on a swamp, but I built in all the same, just to show them. It sank into the swamp. So I built a second one. That sank into the swamp. So I built a third. That burned down, fell over, then sank into the swamp. But the fourth one stayed up. And that's what you're going to get, Lad, the strongest castle in all of England.
Wasn't there a land bridge beween England and France at one time many thousands of years ago? I vaguely remember them showing a video of how they discovered it, by sonar or satelittes images.
One in how many??
The difference between the swamp in England versus Miami is that the English swamp has a clay foundation while Miami has a coral limestone foundation that has holes that process water. That’s why Miami floods all the time even without rain.
@@elaine1034 Half of the North Sea was above water at the end of the ice age. You could walk from Denmark to England. In some places, the North Sea is still only 15 meters deep, even 100 kilometers from any land.
@@Yora21 Thanks. I thought I'd seen it somewhere.
How to stop the skyscrapers from sinking? Don't build them!
Exactly
If you look at Destin Florida, a large building(emerald grande) was built on the harbor and the building has settled and shifted more than expected. The pool on the upper level of the building developed a leaking crack which drained into the parking decks below for 2 years. The building also shifted the surrounding sand and underlying earth so much that it also shifted the Destin bridge which had to be reinforced later by the state. You can see the reinforcements of the bridge on the west side bridge piers.
I studied engineering for a couple years at Valencia College in Orlando. Because it was a Florida college, a lot of the more detailed aspects centered on the state itself. My favorite class was the _Building Foundations_ course they had (don't remember the exact name). It went extensively into Florida's geology.
Interestingly, no part of the state has any reachable bedrock. When inspecting slab concrete pours here in Kansas city, I remember some sloped terrains comprised of clay, so dozens of holes were augered out for piers as deep as 30-50ft (10-16m). We would take these 50ft pieces of rebar (which were Hella expensive) and drop them in the hole to hear a _clank._ If no _clank_ noise, we had the auger drill again.
I Florida, no such engineering method exists. For large buildings (I wanna say dove 5 floors, but it could also be based on weight and footprint of building and specific geology) and virtually all bridge overpasses, piles (big steel beams similar to those inside skyscrapers) are just ruthlessly beaten into the ground. The logic is, after a certain depth, all soils are packed down as well as saturated with some groundwater from years and years of rainfall, amongst other things. If I drive these beams into the ground, the packed soil won't come undone, but instead just pack closer together between the piles. Sometimes this pushes out water, sometimes it just compresses microscopic air pockets further. This pressure creates a force that wants to eventually push up (as there is least resistance). But building a heavy structure on top of the soil and piles creates a force that holds the soil in place.
The biggest issue I've learned about with this process is that it's all trial and error. It used to be much worse as people did all these calculations by hand, but computers have made it easier to analyze the soil strength compared to weight. Usually, it comes down to not understanding the soil well enough and the effects of _super-saturation._ This is when the soil absorbs more water than it can displace and the land goes from being stable to a slurry mixture. Like wet dirt turning into inches of mud.
That's a frightening thought.
Yes there's old technology known for this problem. It's call driving pilings down to bed rock or don't build there 😡
Like they do in Chicago, New York, and Boston.
The limestone bedrock is porous and unstable stupid to build there
Problem is Miami doesn’t have a bedrock foundation, rather a coral limestone foundation with holes in it that allow water to seep into it. That’s why Miami floods all the time.
@@Notpublic4719 ... Yep my second point ... or don't build there ... at least tall buildings 😁
When you build your house on sand…
Believe it or not, not all sand is created equal. Some sand is actually quite good for building on. In my area it is preferred because of it's grain and aggregate composition here. Not so much on this beach in Florida.
i feel like there will be 90% discounts in some spots on the beach in florida by 2040 lol
and as the coast errodse and grows closer the cheaper areas go up becuase now ocean front.
I gotta sinking feeling about all this sinking going on. 😱😱😱
@@Mike_Davidson me too!
Just don't sink any new money into any condos in the Miami area ;-)
Cute😂
You lil sinker you .
@@baddestjoanna-michellesmit5578 🤷♂🤣🤣
When I first saw vids of the Porsche design tower and now the Bentley residences, where not only is it a luxury apartments, but each one can hold 2-4 cars on each floor with the car elevator, I remember thinking how is all that weight not gonna cause problems. It’s like a luxury high rise with a filled Carvana car tower inside. Crazy weight right next to the beach……
It will be OK... you just have to remember to swap out the marshmallows, but it's just in leap years! 🤣🤣🤣
@@JJ-in3bc Hector is going to be running 3 Honda Civics with spoon engines. And on top of that he just came into Harry's and he ordered 3 T66 turbos, with NOS, and a Motec system exhaust
All those EVs weigh too much.
@@z352kdaf8324 lmao. If you think the people who live in that sort of place actually buy those, have I got a bridge to sell ya!
It will tip over in time!
Port Orange, Florida doesn't have a single highrise. The cities adjacent to us do.
Looks like our city planners got something right. I'm loving my one story duplex. ❤😂
Geology affects building standards MANY places. In and around NYC, for example, lots of rock prevents the skyscrapers being built various places, making it uneconomic.
I take it they imposed a 35-50ft height restriction in that area?
Man! Every time I hear about Florida it's always terrible. The insurance is out of control, a sinkhole swallowed the old man on the toilet, that's after the alligator and boa constrictor poked in dangerously close for a snack. Oh boy here's the destructive tornarrocane and property ruining floods. Oh everyone is dying of the plague but we're in business as usual. Oh wait.... Monkey pox, leprosy on the prowl in Miami. Like fk! And people want some of that. Well maybe the governor is paying attention....fk!
Best state out of all of them
I will never leave 😂
Don't pay one cent to "fix" these sinking cities. The citizens will simply have to abandon them. Lesson learned.
We haven't learned from New Orleans either
Almost like there should be ... building regulations.
Don’t worry. T**** and DeSantis will get rid of any pesky regulations that are left.
I know, and you'd think that they would study the topography on where they're building.
I'll hold off on that Duplex in PORSCHE Tower......😂
@@mbnvaas yeah give it a little time lol
Where I live it's pretty clear that inner city buildings have sunk, but the road is still where it was.
Few years back something snapped and a central street just folded in to the void underneath. Keep seeing more and more potholes into nothing and street lights tipping but the city seems more concerned with changing street names, making "mistakes" on utility bills and gentrifying already up market neighborhoods.
Because they didn't build them right and built them on the cheap with cheap labor. Trying to fill EVERY plot of land so even the plots that really shouldn't be built on, are. Didn't work with neighboring properties for proper drainage etc. etc. Let's also not forget Florida has no bedrock. It's literally just sand.
It's all just greed. My son, a civil engineer, told me that depending on the ground good foundations can take up half the cost of construction. Of course companies don't want to pay that, they want to build as cheap as possible and then sell for as high a price as possible. They don't care if the foundations are crap, they won't be around by the time anyone notices it.
Sand and soil is not static, it's dynamic. In many situations, prior to construction, they preload the site with soil to compress the underlying material so as to avoid post construction subsidence. But, keep in mind that much of the bedrock in Florida is limestone which can me degraded by changing PH levels. The Atlantic ocean Ph levels have been decreasing due to the absorption of CO2, making it more acidic. I guess we won't really know until someone decides it's a big enough problem get more enthusiastic about possibly solving or avoiding the problem.
Good point about pH. I'd be more concerned about pH of rainfall affecting groundwater in the near term than ocean pH though, although that is certainly slowly dropping.
Good that's what i call karma for messing with the Homeless.
The people who live on the beach mess with the homeless? Omg stop 🙄🤡
Shocking that DeSantis did not snuff that report.
Wow, you must have read my mind! Miami penthouse tour vids are constantly recommended to me on YT and I was amazed how they can even build there and why sinking isn't a bigger issue.
"In Fact: It was an issue."
Just another reason to never live in Florida...
Who would have thought...
@@cristibaluta 😂
It is advised to hire engineers from The Netherlands to prevent this. They are experienced with building fundaments for very large buildings that remain stable on even far less solid ground.
Great Comment from some Experience, America doesn't care about anything but Cheap Italian Construction..
Things like how much builders want to spend likely is a bigger issue than basic engineering know-how.
They asked, the answer was: "Built someplace else..."
HA! America will never ask the Netherlands, despite their expertise in these things, to assist. It was the Dutch who said that the current levees and dams presently built around New Orleans will not hold as the grounds themselves are sinking - do you think the US Army Corps of Engineers listened? Not a chance. America will not invest in "preventive maintenance" but rather double the price for subsequent maintenance which makes no sense.
When cocaine profits and money laundering collides with civil engineering and construction. Stay classy Florida.
Used to have deep rooted water cypress trees to anchor the lands, naturally.
Also the swamps absorbed the flood waters.
Oh let's build on a beach it will be ok. 1 year later "it's sinking" 😅😂
i went to boyton beach a couple years ago to my favorite old beach spot (from maybe 6-8 years prior). there was no sand left. the stairs from the (luxury) apartments area that used to lead down to the sand & onto the beach now led directly into the water. it was terrifying.
the buildings are literally sinking into the sea, and not just the expensive millionaire high-rises, that’s also smaller homes & many local businesses
Not the smartest move building on sand so close to the sea and in a place where sinkholes are prevalent
But somebody made tons of money. 😒
thank God that only millionaires are living in these scrapers, they can handle it and pay for ...🎉
The regular folks pay because of higher insurance.
Govt winds up with bill for cleanup when it finally collapses.
Nope, they won't pay. They will get their paid for politicians to use taxpayer money to fix it.
The very rich can petition for a Federal bailout.
They'll ask for govt handout...
As if they'll actually use their $ when they can get tax dollars.
RE: Cities list @7:46. Venice is sinking largely because it's on the north Adriatic slab that is gradually subducting under the Alps: its sinking is inevitable, and not manmade. You also didn't mention the fact that *nearly half of Red China's cities are sinking faster than 3 mm a year.* Some areas of Beijing and Shanghai are sinking at 10 mm or more per year. *Beijing's cumulative subsidence is up to 1.5 m (5 ft), while parts of Shanghai have sunk more than 3 m (9' 10") since 1921.* The main problem in CCP-land is the over-extraction of ground water, creating wide-spreading subsidence "cones" of sinking earth. Shanghai's oversaturation with skyscrapers has contributed to its problems. Xi Jinping also wasted $128B to build Xiong'an New Area in a swamp: it's not built on sand, but on sludge.
Jakarta is also sinking and a new capital is being built a fair distance away to replace it.
I’m so surprised this is happening in Mainland China. They are well-known for the quality of their products.
That is hilarious!
@sblumenstein6688 China quality is the best on earth.
Limestone is soluble in water. This limestone is adjacent to AND beneath the ocean. Who could possibly have realized that this might lead to a problem? Hasn't anyone in Florida heard of sinkholes (due to limestone dissolving under ground and allowing water to flow leading to the sinkholes?) In Manhattan, everything is within 1 mile of two rivers. Also, everything is standing on the bedrock that is 70 feet beneath the ground. Bedrock. Not limestone.
Building skyscrapers on a sand bar? What could go wrong.
...sinking is ok , but leaning is more than dangerous ...
I’m from south Florida around Fort Myers growing up with downtown Fort Myers being built further inland unlike downtown Miami being built right on the beach has never made sense to me.
I believe it's similar with New Orleans. When it floods, it's the new neighborhoods that get flooded. The first people who settled in the area knew to build their houses on the hills.
He meant to say, “100s of billions of dollars worth of damages.”
Not only are the buildings going to require a mountain of money in the ATTEMPT to save them.... and many of the attempts will fail, so a total loss........ but the LAND will be worthless, too.
GPT says miami lime is 50% porous so it's possible that high weight can progressively crunch the porous weak structures. Maybe accelerated by strong winds shifting the weight of the building around. Southern florida doesn't strike me as particularly robust on a good day so skyscrapers on the beach might not have been a great idea. And if that sinking isn't uniform and the foundation isn't super rigid you could imagine sudden catastrophic failures. although if they are purely steel buildings they might handle a bit of warping. concrete elements wont. when they are this tall you might not get progressive warning like they did for years with Champlain. if you see anything wrong, it's time to go
I've lived in Miami Beach for 47 years....and Absolutely Nothing has changed.
literally
how has nothing changed? It probably hurts when you wake up in the morning and you're 47 years closer to dying.
@@tomjakes-eo9nr Super literally Becky?
@@tomjakes-eo9nr Or just like totally literally Becky?
Someone is not paying attention if they haven’t noticed any changes to a place in 47 years.
The thing about sinking buildings is that, it could take years for something to happen, or it could take a snap, because the unevenness of the structure, if not controlled, could be enough to put the whole building down, because the weight must be evenly distributed among slabs, beams and pillars!!! However, at this rate, we could be seen skyscrapers coming down pretty soon!!! Because when it comes to engineering 1 extra inch at the wrong place, has the potential to cause a lot of damage!!!
Since the sea is not rising, let’s sink to make the prophecies come true!
😂😂
Another thing I realized was that the limestone slowly errodes (yes, from natural erosion like winds and waves, but also) from acidic solutions to even weak alkaline bases. Limestone _literally starts to dissolve_ around 7.5ph to 8ph (7 being neutral). Historically, ocean salt water had a ph _average_ of only 8.25. Arguably, the ph has since dropped to about 8.1 over the last two centuries due to carbon emissions. CO2 will naturally mix into water and acidify it like a club soda (though never to that extreme).
Every time there is a storm surge, that water creeps onto land and absorbs into the soil. Chemically corroding it. The limestone dissolves partly into CO2 gas, which is more compressible, causing a foundation to sick, sometimes unevenly. It'll sink to a side as water doesn't absorb as well under the concrete foundation slab compared to the surrounding soil.
If this is such an issue, why are new projects being allowed to move forward with construction? Also if this is such an issue why are local municipalities signing off on the construction permits? This is either not as big of an issue as they are letting on, or something is being covered up.
Money. The reason permits are issued and zoning is not enforced more is Money. Money. Mo Money.
Money to be made, go to FL! Pay off those politicians and you are good!
Corruption.
As long as lobbists lobby permits will be issued. Human life is of zero concern. Fema has demonstrated this several times in the last 4 years. If the lobbist want it, it is theirs. No concern for human life or the environment.
Cities are sinking around the world.... London, Amsterdam, Los Angeles, Mexico City, Bangkok, Kuala Lumpur, Dhakar, Mumbai, Venice, NYC, Cairo, Ho Chi Ming City, Phnom Penh, Shanghai, Tokyo, etc are examples of sinking cities around the world
Don't forget New Orleans, it's below sea level, from Jackson Square you can actually see the freight ships on the Mississippi a couple of feet above you....
The developer's cheque cleared, so what's the problem?
Exactly. Exploit it and maximize profits on it till it doesn’t work. Thats capitalism for ya
Someone else mentioned the continuing impact of the loss of the glaciers that covered the northern part of the continent thousands of years ago but just to explain that with an analogy consider the following.
You may notice that when you sit on a bed the soft mattress naturally sinks below your weight but the edges of the mattress around you may actually rise (depending on the type of mattress).
When you then get up off of the mattress the part where you were sitting rises up again
and the part of the mattress around the edges falls back again.
Apparently in a similar fashion when extremely thick ice sheets covered much of the continent they pushed down the ground underneath them but just like with some mattresses the weight in the middle of the continent caused the edge of the continent next to the sea
which had no glacier on it to rise up just like the edge of the mattress did.
Then after the glaciers melted and retreated the ground that had been under the ice sheet started to rise back up again while the areas near the coasts started to fall back again.
Amazingly this process takes a very long time and so today thousands of years after the
ice sheet is gone the process is still going on.
That means that at some places along the coasts there is a problem
not only with the impact of the weight of buildings and sea level rise
and possibly worse rain storms and worse storm surge in hurricanes
but also with the fact that the coastline is still sinking due to the
continuing impact of the loss of glaciers.
Apparently, the city of Washington is one of the cities that faces the potential of
increased future flooding for a number of reasons including the continuing impact from
the melting of the ice sheet long, long ago.
damn'... I was just looking at some penthouses în Porsche Tower... 😮😂
Build like New York even though New York sits on slate, SF on trash and Miami on sand. Brilliant.
so much for buying an over priced high rise condo with insane HOA fees and now an endless money pit of special assessments owner's will have to pay for
San Francisco here, foundation settlement is very common in the Bay Area, both vertical and lateral considering more than half the structures are on hillsides. Grading, compaction, and proper underpinning during pre construction is paramount. Installing piles after it’s built is much harder and costlier
Not trying to be a Negative Nancy, but building along Oceans, Streams, Rivers, Tributaries, and Lakes is not the greatest idea when weather & water are undefeated.
Rich people's buildings. I'm not seeing a problem here.
Rich peoples buildings, millions of every day peoples homes are in those buildings though…
such massive structures on unstable land.
Good! They are all eyesores! No one can even see the beach anymore! Bring back the old mom and pop hotels!
Good thing the soil does not freeze.
Frost heave would be icing on the cake.
Cheers.
This is land that never should have been built upon.
I'm not surprised that this is happening. That sounds likely, it's inevitable. Any structures along the coast line will erode at some point. What surprises me is, why are they surprised?
$$$$$$$$$$$$$$$$$$$$$$$ right now is all that matters to the builders and their lawmaker buddies.
Nobody is questioning why sand and limestone are found in layers...
Really smart place to build. I'm sure the wealthy owners will make out just fine though.
These were built on sandy soil and anyone surprised is a fool! These people should have never bought there!
And so castles made of sand…
fall in to the sea... eventually. -Jimi
When I lived in South Beach, I rented on the 1st floor of a 2 story building. 12th and Pennsylvania.
That 1 bedroom was $800/month in 2001. I wonder how much it costs now.
It's a game of what one can get away with before one passes away naturally.
There is no bedrock under Florida just lime stone. And the lime stone is eroding.
No one should be surprised by this.🙄
I was on a high rise tower new construction project in Sunny Isles. That building sank 18" DURING construction. That was 15 years ago.
I find it really interesting to hear that what is essentially photogrammetry is accurate to an 0.125 inches. Thats an order of accuracy and precision that I havn't heard of before. Also what I find interesting is that they apparently havn't backed this up with field work. I have done this level of work (both in accuracy, precision, and scope) before. It only takes maybe 2 weeks of work to back this up with accurate information.
But then they wouldn't be able to sell the condos!!! 😓😓
Excellent breakdown of this story!
Nassim Taleb pointed out years ago that optimization increases the severity of unexpected events.
These high rises are highly optimized. A shack in the woods, not so much.
I lived for a year or so in Satellite Beach, FL, but on a single home property on a foundation, on the beach..The city had an ordinance that buildings on the beach side could not be higher than 6 stories high, and there were gaps in between buildings often of at least 100 yards, which is why Satellite Beach is not a tourist spot, so locals enjoy the empty beaches, sometimes a quarter mile when you see a person walking the dog or just chilling, and that's from Patrick AFB, down to almost Melbourne. I loved living there, but moved out for a job opportunity. Never cared for anything from West Palm Beach to South Miami.
"Trump Tower 3 is sinking". Trump will find a way to blame immigrants crossing an open border. Such a bonehead.
😂😂
I think they just wanted to make as much money as possible by building upon ocean front property, whether or not the land is stable or not.
Florida is too over built. Builders weren't thinking when they built all those high rises. Florida shouldn't look like awful New York City. 😡😡😡 Florida is a Peninsula of sand. Of course all that weight is going to sink in that sand. Too many high rises. Because high rises make money for builders and buyers it's become a really BIG problem. Now Florida is becoming overpopulated because of it. 😠😡😠. I loved Florida but buying a place there is now out of the question. Miami is constantly flooded. All those building should NEVER have been built there. New York City is ugly because of all those big ass stone scrapers, blocking out the sun. Wouldn't live in N.Y.C. if they gave me a Penthouse for free. It's over crowded, dark and gloomy. 😝😝😝😝 Florida was beautiful until all those builders came in and ruined it. 😡😡😠😠😈👿. All because there was money to make. Now it's full of sink holes as well. Remember, it's a peninsula, a SAND BAR.. 😡😵😵😵😵😵😵
As a former resident from the 1990s-early 2010s on Miami Beach, I watched these huge skyscrapers go up. They ALWAYS made me very nervous.
So they didn't build those on bedrock?
High-rise residents better start saving up, because they're going to have a big special assessment coming up! 💰💰💰💰💰💰💰
I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?
"Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such task
Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.
this sounds considerable! think you know any advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Lisa Grace Myer” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
No matter what level of stupidity in Florida, they will continue to demand that the federal government bail them out!
Bedrock? We don't need no stinking bedrock!
What passed for a skyscraper 100 years ago would be considered an outbuilding today - far less height, mass, and increasing mass delta as owners renovated with so-called luxury features like marble. There was also less construction so less earth shaking.
Why is there even a market for these Miami condos?
And in other news, sound can be noisy, water is wet, and gravity can make you fall down. The *entire world* knew this was going to happen *decades ago!*
Any other recent Usanian discoveries?
As someone who was gonna move to sunny isles and is there all the time this is very concerning as I wanted to buy a luxury condo
Why would you wanting to live in a hot hell,and paying for it?Silly!
@@BrunoHeggli-zp3nlI live in Baltimore and it’s cold as hell up here 🥶
I would love to live in Miami 😩😂
That whole coastline would've originally been shifting river mouths and sand banks
The condo market in Florida is TOAST