selling destroyed homes for a QUARTER MILLION DOLLARS or more, in FLOOD PRONE neighborhoods is literally the most insane display of cognitive dissonance I've ever seen.
It's not crazy for them to put it up for sale for that much. The crazy person is the one who buys it at that price. I have a feeling it's going to be sitting on the market for a long time.
Why? They get insurance or FEMA. As she most likely will be unable to get a normal police she will need citizens insurance aka the state aka taxpayers is guaranteeing for every damage. Someone screwed up royally when allowing the houses to be build. So now the state of Florida actually has a massive problem.
Selling crap for investors to buy and resell the same crap with hidden dangers. Then the headache of getting insurance for these will probably be another headache. In my opinion.
Exactly what I was thinking! Only a fool would touch any of this real estate but I suspect that they will end up sold anyway 🤦🏾♂️ what a disaster! I just hope that they are honest about disclosing their flood history (I doubt it)
@@sarahann530 😂😂 you sound triggered! Don’t be discouraged… someone will eventually buy your flooded home…maybe for pennies on the dollar but it will be fine ❤️ And who is born with knowledge? That makes no sense… Babies aren’t born with knowledge lol
@@lambertlum1087 Being out in nature is different. When the mold spores are released into the enclosed space of a home, the concentration of them in the air is far higher than you would find outside.
I agree, but we have had record number of new home owners the past four years from other states. Our home values went from an average of $240k to $440k from 2019-2024.
My husband and I sold just a week before Helene hit granted we were not in a flood zone or nowhere near the beach but when we sow the insurance companies leaving the state we knew it was time to sell. We moved out of state and I am filled with anxiety and stress from the move and the two hurricanes hitting back to back and then having to find another home in a state where we don’t know anyone is also stressful. But I know that with time we’ll adjust to a new place and our stress level will go down. It’s hard to make these major changes but sometimes they are necessary.
Was told in the 90's not to buy there - someone said: "If you spit in the road, it floods!" And what about the realtors that KNOW it floods but still sell people homes there.
THE REALTORS THAT KNOW IF FLOODS BUT STILL SELL PEOPLE HOME THERE DO NOT CARE ABOUT PEOPLE THEY DONT GIVE A DAMN THEY WANT THEIR COMMISSION IT'S ALL ABOUT MONY AND NOTHING ELSE!!!
When I fled Tampa Bay this past June 30th after 27 years, I told my coworker, who lives in Shore Acres, that he should do the same. I told him that when the area’s luck finally ran out he was gonna wish he had moved. Sure enough, he’s lost almost everything - house, car…everything. Now, he’s talking about selling for whatever he can get and moving out of state. Problem is is now he’s not going to have any bargaining power with so many people in Shore Acres alone in the same boat trying to unload their homes to flee the area/state. Happy I listened to my intuition.
This is a dumb question but would comprehensive car insurance reimburse him for his flooded destroyed car? What about the house? I heard home insurance often has a massive deductible
Use a little common sense. No way was that a 500,000 home. What happened to North Carolina was tragic and unexpected but in these cases you chose to move to a high risk area. Much of Florida is not meant for permanent habitation or stable enough to support the homes and info structures they keep putting in. Not all that many years ago, Florida was just a vacation destination mostly for snow birds looking for a break from the cold. Seniors moved there because they were promised they could live there and not have to pay taxes on their retirement. Sand is constantly shifting. Waters always rise and surge in storms. Move inland and drive to the beaches but stop rebuilding and repeating the same bad choices, expecting a different outcome. Come on, I know humans are more intelligent than that.
@@johnurban7333 some people just don't care... especially floridians lmao I have some family that live in NC on the outer banks and it's the same thing with them. They'll have a tropical storm and everything will get flooded but the community is so tight knit that they just deal with it and help out however they can. It's an interesting life that definitely isn't for the normal person but I respect it.
@@matthewlupton1539 If they are happy and don't demand the entire nation support their lifestyle, power to them. But the minute we all have to spend national resources to protect their lifestyles, it's over in my mind. Move or learn to swim.
Why are homes in hurricane prone areas built like they are in the rest of the U.S.A. (which are cheaply built with wood) rather than with cement and stone like most tropical zoned countries? Why does U.S.A. build homes that only last decades rather than multiple generations like they are in most of Europe?
Interestingly, tropical zone country like in Okinawa have stone markers along their coastline and no homes can be constructed below those markers. Okinawa is almost the same latitude as Florida, why then doesn't Florida make similar restrictions along its' coastline?
I often wondered this, too. Basically, the reasons are that it's much cheaper and faster to build with sticks (availability of materials and expertise). Flooding year after year was never expected, but now the reality is that it would be cheaper in the long run to use concrete!
@@MrsZ14522 Greed. No way a wood built house will stand up to a hurricane. A hollow block/cement definitely will though. Time to custom built it yourself.
Heh. She's selling her flooded out wreck of a home at $425,000, when she bought it knowing it was in Zone A. The worst part is that a sucker from out of state will buy it.
@@slappy8941 - It's why people should be willing to pay a couple thousand dollars to a property attorney. The attorney can deal with representing you, finding faults with the property (e.g. flood zone proximity) and set up a more enforceable sales contract if flaws are discovered later.
Id do that and resell at a higher price. You dumb af if you are serious. Some of those homes have probably been fine for decades and decades to come. Then your old grumpy ass will come down in the winter and buy one 😂
Same. I moved mere in 1989, bought a GDC home for $69k. Low taxes, ins. Nice weather. Sold bought another in 2001, $185K, since sold. We raised a little family, worked as a teacher and nurse. Can’t afford to buy a home now, rent. $2500 k per mnth. Work to pay rent.
In the UK, it is Impossible to get planning permission to build a house in a flood zone. If you do it illegally, the court will order the removal of the house. If you don't, big fines. If you don't, prison is the final deed.
$575 for that average house. Mother Nature isn’t pleased. absolutely mind boggling the money people are paying for these homes they have lost their minds over living in Florida. Mother nature is going to help us put a stop to this madness.
What in the heck did mother nature give you the voice to speak for her? You don't know everything about everything and it's a giant State and not everything's affected. You better watch it mother nature doesn't like to be spoken for.
These greedy people! THE NERVE... to sell a 3 TIMES FLOODED old house for $425,000. Stupid paid $575,000 for a $180,000 house... hoping to sell to an investor that will pay $425,000 to sell to another stupid for $575,000 again. This should be criminal.
The purchaser has no one to blame but themselves. I can offer to sell a can of bush’s baked beans for a million dollars, I’m not the dumb one if someone buys it off me 😅
No one cares if you're shaking your head and you're so full of it my house is being going up even though I bought it very cheap. And it's in a dry zone and has stayed dry for 110 years. Do you people get some kind of kick out of making up freaking stories?
Not all of Florida floods. I live 7 miles inland and am almost 20ft above sea level. It would take a massive hurricane Florida has never seen before to flood my place. I would never buy a place 10ft or less above sea level in florida.
Won't tank..prices will come down..but they need to come down in all states..always people willing to buy in florida..nice state tax free..even the landscaping is better than most states
I was born and raised in Florida. Enlisted in 1994 and live in Asheville now. I never remembered it like this. There were a few big hurricanes in my childhood, limited to smaller regions of Florida, but I never heard of repeat floods in a few years until recently, and I never, ever experienced what I just lived through in Asheville.
Its happened before, you are just not old enough to remember. Many hurricanes over the decades have done this kind of damage, its nothing new. This happened to be back to back. The Gulf waters this past summer got warmer than usual, but that has also happened before. There have been years not long ago that there were no hurricanes or no major storms, do the research.
@@Lillith1203 Tell that to the polar ices caps. Excuse me ..I think you need to "do the research". It is scientifically proven and shown by the scientific and meteorologist community. Global warming is here.
@@dennistyler9852 Yes FL is but count in TX, LA,MS,AL,GA,SC,NC there too. If you live within 2 hrs of the coast you will get hit with a hurricane sooner or later. I am 68 and have lived in one of these states my whole life, 1 1/2 hrs from the coast and have been through many storms that started as a hurricane, tropical storms were not named, just common coastal storms back then. Once it was 3 times in 1 season back in the late 60s, one was as bad or worse than Katrina. Difference is the areas it affected were much less populated than now, fewer people were affected, fewer businesses and homes. All of these states coastal areas are way too crowded the beach areas need to be public lands, not meant to sustain homes and businesses. Thank realtors for this.
A lot of Americans do not have sympathy for people who choose to live in high-risk areas like this, even if they don't admit it. These damaged homes are not worth the risk!
I almost bought an as is home, I liked the floor plan and the neighborhood it was in and the asking price was well within my buget. I was a day away from signing the papers for it but thankfully I didn't, that same day the house fell down. The roof and two of the outside walls came crashing down that night. BE CAREFULL WITH ANY AND ALL AS IS HOMES !!!
I was in Asheville, NC 10 days before Helene hit looking at property for 3 days. After 3 hours I had such a panic attack I had to leave, just an overwhelming feeling of doom, pressure, fear. I couldn't explain it, so I left early and returned to Arizona. Trust the feelings, too.
It’s going up, if your insurance goes down, then some coverage prolly left out like it doesn’t cover for wind or hurricane or etc. check with with your insurance agent
@@fishydubs7964I kinda agree with this take. I’m checked out and scouting other states! I’m tired of living in a tourist trap wheelhouse.. I want peace!
Sadly the owners should have to take the loss. These houses need to be condemned and the entire area strictly zoned and ranch construction prohibited. But, instead, we will continue to see these stories in the future - but instead of wealthy, it will be about the welfare poor continuing to suffer in the poverty stricken flooded area called Shore Acres.
They are condemned and that is why they are selling them for what they believe to be lot price. The banks will let them get behind on payments and sell them on the courthouse steps for pennies on the dollar. The $425,000 lot price she wants will be $42,500. Her loss will be someone else's new investment.
@@auburnjewels2 Yeah, the land is worth less because of the cost of demolishing the houses and rebuilding raised structures. You're going to have to practically give it away for it to make financial sense.
Greed is the reason. Over building not addressing the drainage issues typical. They are doing it in our area. Builders come in raise the lot 3 ft higher than it should be and it floods the neighbors and surrounding areas.
Not worth it-they think the “land” is worth $300K? Give me a break! Shore Acres doesn’t just flood from hurricanes-it’s every time it rains! And St. Pete has terrible infrastructure. It’s like a third world country. They think a few yuppy bars makes the spot worth something. It was only worth it for the beachy folks who wanted some place cheap. It’s not worth the hassle if it’s expensive! Only an idiot would buy this home. Until the city improves its infrastructure, and these homes are built higher, then no one should buy here. Maybe that’s the long game “investors” are making.
You seem like you know what you're talking about. Why hasn't anyone mentioned the one thing that really caused all this? Sewage. The NE St. Pete sewer plant turned off sewage drainage during Helene. It wasn't flooing that people threw out all this trash, it was sewers that backed up into their homes. That, in and of itself, renders every one of these homes worth $0. There's no reason to live in a residence if the city can turn off the sewer drain anytime it pleases. I can't believe this hasn't been mentioned once in the news media.
(Was) Shore Acres here... We are one of the families that says enough is enough... We sold "AS IS", close next week... We were approached by the property investors. We're getting enough to pay off the mortgage and have some extra to restart....and that's not including the flood insurance money we got coming.... I'm glad to be rid of the house. It's a beautiful, great neighborhood... but over the last 3 years, the flooding had got worse... not just the hurricanes, but flooding just from your generic afternoon thunderstorm... Whatever the city did to "improve" the storm drainage system, has made it worse...
"But having 3 foot, 4 feet of water in here, no one expected that." Um, really? After other houses in the same neighborhood, according to this report, have flooded multiple times in the past 3 years?
I wouldn't buy that home even if they lowered the price to $100 dollars. I sold all my houses, too many things happening now. Escalating homeowners insurance, escalating remodeling costs and escalating taxes. I'll just live off the proceeds for now.
She said that she has a lot of experiences. Then, why did she buy this house in a flood zone three years ago? Four decades ago, I bought my house without any knowledges of a "flood zone." However, we are very lucky living in a non-flood-zone.
Spending 300-500K for house prone to flood, in a state with an insurance crisis is insane. You can spend that same amount or less for more home in states/areas that's not facing these issues.
Land value only. I wouldn't pay $300,000 for a year down. Land isn't worth that. New homes will have to be built up high. Lots of these will be available, so land not that valuable either.
I’m not understanding why that isn’t the standard. I saw some guy who had his house built on stilts and his home made it with no damage water just ran under his house.
So they can be washed away? You haven't seen the steel toes being washed away all over the freaking country? I personally think only an idiot would want to climb up to a stilt home every day.
@@poollife777 you really don't know how they construct houses on stilts then. If that were the case then every house would be washed away every time there was a coastal flood.
A lot of localities are mandating this, or artificial elevation of other types, for any new builds or even rebuilds. Way too much of Tampa and Pinellas are built like it’s So. California instead of Florida.
If there's a mortgage the bank owns the home. When investors stop investing and homeowners begin to just walk away it will eventually cause a major problem for banks...
And after the next storm investors will be financing as is homes because they are built wrong for the area. Build light houses raised 10 feet out of cement.
Investors have begun to abandon Florida and are buying in other states where their properties are not at risk from so many hurricanes, tornadoes and floods.
Sounds still like a lot to ask for a questionable foundation, studs and a roof in a known flood area. Go for it investors, I'm amazed anyone would risk their lives for warm winters.
@@UncleDavesKitchen Tell that to the residents of the Appalachia area who got flooded out by the storms and in no way are near flood zones. If you think this has anything to do with "weather" you are a silly boy. It is, however, all about location. Humans are impeding the process of implementing new systems. So, they are being removed. Our MIL owns several properties in Apollo Beach and Tampa. Not one property was damaged in the storms. Private ownership is the issue being dealt with in areas of interest.
If a home is in a flood area, how was you able to insurance? If a home or homes are repeatedly getting destroyed by hurricanes you should not be allowed to replace it. This is why we have an insurance problem in Florida.
Unfortunately who's gonna wanna buy a house that floods out 3 times in 2 years? Even if an investor gets it dirt cheap, and lists it for cheap...who in their right mind would buy or rent that?
Houses probably should not have been built there without the appropriate infrastructure to prevent flooding. There are too many boondoggle properties in the Tampa area
Shore Acres was dredged up during the land boom in the 1920's but the land is too low. At high tides salt water backs up the storm drains into the streets. Add some rain and you have more flooding. Many of the homes were built back in the 1960's.
I would buy it for 200k. Treat the wood. Add removable water proof drywall and add a second floor for the primary occupancy. Would cost a lot but you would still gain a lot of equity and be flood proof.
You need to demolish it completely and instead build a custom build home with steel foundation and cement/hollow block or stone slab walls. Make the first floor as your boat docking station. LOL
Here is how they SHOULD handle this problem: Press the City to allow RV parking there, retain the land and make RV rental spots, it's prime rental property for that and they will be max occupancy from November through April. Live elsewhere, or retain a portion of the lot for your own RV to live in.
Common sense and reality lands solidly for some. Wise and humble enough to admit a mistake and move on....elsewhere. Respect and admiration for their strength and postivity.
I recently sold my condo for $400k and i want to invest the money in the stock market. However, it appears the market is at an all-time high. Should I invest elsewhere or wait for a market correction?
The stock market is risky But staying on the sidelines is riskier. Missing the next bull run will be far more costly to your long-term wealth than getting in at the "right price". Consult a financial advisor if you're unsure how to proceed.
You're right, I and a few Neighbours in Bel-Air Area work with an advisor who prefers we DCA across other prospective sectors. Instead of a lump sum purchase, Following this, my portfolio grew 37% in the last quarter
Mind if I look up your advisor please? I've worked in real estate for over 25 years and have neglected a major stock portfolio. This served me well when I was flipping and renting houses, however I need a different plan now
I've been stuck with the popularly ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Thank you for putting this out, it has rekindled the fire to my goal... was able to spot Melissa Terri Swayne after inputting her full name on the web, she seems highly professional with over a decades of experience
What they'll do is the people will buy it for pennies on the dollar cuz the people will have no bargaining power. They'll flip it. Wait a couple months until people forget about this hurricane and want to move down to Florida and sell it for profit and not have any morals about selling a property they know will flood
This is horrible. My husband and I were not in a danger zone area but we sold our hound in the middle of September and as hard as the move has been and every time I start to get anxious about being in a new home and in another state where wen don’t know anyone, I look at these videos and I know we did the right thing. It’s a difficult decision no matter how you look at it but Helene and Milton made me realize that we made the right choice. I miss my home in Florida but sometimes you have to walk away because the anxiety of the home insurance constantly going up and the destruction of the hurricanes was just too much for me to deal with, just too much stress and anxiety.
@@francismarion6400Many people are struggling. People act like truth is a monster, and those that state facts are the devil. Compassion is fine, but not when we have to remain silent on things many people are paying for!
selling destroyed homes for a QUARTER MILLION DOLLARS or more, in FLOOD PRONE neighborhoods is literally the most insane display of cognitive dissonance I've ever seen.
@@babe.ethereal these people can’t keep getting away with this
Ikr!
It's not crazy for them to put it up for sale for that much. The crazy person is the one who buys it at that price. I have a feeling it's going to be sitting on the market for a long time.
prospective buyers forget in a year, and you made a killing flipping the house
They won't get ... developers won't pay that.
Do your homework before you buy. Shore Acres has been flooding since day 1
The whole state of Florida is a flood zone
No one ever thinks it'll happen to them.
@@nooneyouknow5516 exactly this
But then she can't play a victim on TV! Infantilization at its finest.
Shore acres floods every high tide, if you're dumb enough to buy a house in a flood zone..... well
$300,000 considered a discount for a flooded home is ridiculous. I wouldn’t give you $100,000
You’re crazy when you can turban around and sell it for more than double the profit.
Exactly big investor real dumb
@@JohnDoe-fv7ue Which depreciates and becomes a 100k loss when the next hurricane destroys it. Lol ok
doesn't matter. Investors will come in and buy a bunch of homes until they get enough to get a Zoning change and build big ass condos there.
Lol.. where's the discount?
Way overpriced 😂not even worth 200k anymore
Right…..I’m staying in the Sandhills of NC instead of moving back to my home state of Fla.
I was thinking the same thing, buy a boat if you want to live in Florida
@@UncleDavesKitchen Just park your houseboat on land.
Exactly, they need to be selling for land value instead!
I know right? The delusion!! LMAO
Any bank that is willing to give out home loans for any of these need to be investigated
Why? They get insurance or FEMA. As she most likely will be unable to get a normal police she will need citizens insurance aka the state aka taxpayers is guaranteeing for every damage.
Someone screwed up royally when allowing the houses to be build. So now the state of Florida actually has a massive problem.
@@svenweihusen57 It's really a zoning problem. There should be no residential construction allowed in flood zones.
@@TheRm65 Pretty sure that would basically outlaw residential construction in nearly ALL of Florida (though that might not be a bad idea)...
That’s why they are selling for cash as is
Why? They're not at fault for her wanting to move into a flooded zone
She isn’t getting 425k for that.
I wonder how much of that 575k does she still owe?
@@billyhorton5779 Around $459,000 if she put the standard 20% down on the home.
@@billyhorton5779 She's probably getting an insurance payout of an undisclosed amount
@@billyhorton5779 if she gets $250K from insurance and sells for that price she'll be ok.
She don't care. It's just divorce money
$425K not even a mad person would pay her that much
I don't know if I need to laugh or cry.😂😂😂
Can't blame her for trying though.
The vulture capitalists are circling.
Yeah, not the greatest selling point that it flooded twice in 3 years. Best she'll get is the worth of the land... if there is any
Hahaha@@blueamenaa749
Don’t feel sorry for flippers.
I agree. They went to the stock market and lost big on margin call. Their plan was to get rich quick. (You can go broke even quicker)
Theres a difference between flippers and big corporations doing the flip
@@JohnSmith-xu7ev and whats that?
Jealous
@@JohnSmith-xu7ev the volumes are different but the greedy motive is the same.
The Federal Government shouldn't give these people anything. These homes shouldn't be rebuilt.
I agree
Selling crap for investors to buy and resell the same crap with hidden dangers. Then the headache of getting insurance for these will probably be another headache. In my opinion.
Exactly what I was thinking! Only a fool would touch any of this real estate but I suspect that they will end up sold anyway 🤦🏾♂️ what a disaster!
I just hope that they are honest about disclosing their flood history (I doubt it)
Florida law that started oct 1st states that you must disclose how many times it flooded.
@@NeilFinicum I just hope it’s actually enforced. So many laws aren’t enforced in Florida to protect investors and business entities.
@Coolguyallthetime2k Shoreacres is in a flood zone, it has always flooded. I doubt you have the knowledge you were born with .
@@sarahann530 😂😂 you sound triggered! Don’t be discouraged… someone will eventually buy your flooded home…maybe for pennies on the dollar but it will be fine ❤️
And who is born with knowledge? That makes no sense… Babies aren’t born with knowledge lol
Two words: black mold🙌🏼💯
Black mold is not a real threat. Forests are full of mold everywhere, and you don't see people getting sick after walking through the forest.
@@lambertlum1087
Key word WALKING, not living.
Thats why they have to renovate and tear out the drywall that got wet... people don't know this?
@@lambertlum1087 Being out in nature is different. When the mold spores are released into the enclosed space of a home, the concentration of them in the air is far higher than you would find outside.
Racist
It's about time Floridians got smart!
Insurance companies pulling out of Florida should have been their first clue to move on...
If insurance companies are leaving a state, does that mean the state has already been deigned as a loss?
I agree, but we have had record number of new home owners the past four years from other states. Our home values went from an average of $240k to $440k from 2019-2024.
@@lissa4306 Floridians - smart, that's an oxymoron.
My husband and I sold just a week before Helene hit granted we were not in a flood zone or nowhere near the beach but when we sow the insurance companies leaving the state we knew it was time to sell. We moved out of state and I am filled with anxiety and stress from the move and the two hurricanes hitting back to back and then having to find another home in a state where we don’t know anyone is also stressful. But I know that with time we’ll adjust to a new place and our stress level will go down. It’s hard to make these major changes but sometimes they are necessary.
@@Maddie9185 yeah it's less stressful than continually rebuilding.
Was told in the 90's not to buy there - someone said: "If you spit in the road, it floods!"
And what about the realtors that KNOW it floods but still sell people homes there.
certain areas flood like anywhere in the country.....ive never seen my area flood in palm beach county in the 35 years I lived there
Great point. I would love to see the news interview realtors and ask them.
They said the same thing in Asheville. Never seen NC flood. Never say never.
THE REALTORS THAT KNOW IF FLOODS BUT STILL SELL PEOPLE HOME THERE DO NOT CARE ABOUT PEOPLE THEY DONT GIVE A DAMN THEY WANT THEIR COMMISSION IT'S ALL ABOUT MONY AND NOTHING ELSE!!!
@@bobblacka918 BUT IT'S A HOAX LOL
Living and buying a house on swamp land or at sea level is not a great investment decision!!!!
Do you tell people who live in tornado, drought, or snow ridden areas the same thing?
@@BM_100Florida has worse weather except in the Winter. Seasonal place for me.
NASA has been there for how long?
@@BM_100 most areas thay get heavy snow have it cleared out in a few hour or day at most.
@@dennistyler9852 22 million people disagree.
When I fled Tampa Bay this past June 30th after 27 years, I told my coworker, who lives in Shore Acres, that he should do the same. I told him that when the area’s luck finally ran out he was gonna wish he had moved. Sure enough, he’s lost almost everything - house, car…everything. Now, he’s talking about selling for whatever he can get and moving out of state. Problem is is now he’s not going to have any bargaining power with so many people in Shore Acres alone in the same boat trying to unload their homes to flee the area/state. Happy I listened to my intuition.
That's his story so why did you need to tell it.
This is a dumb question but would comprehensive car insurance reimburse him for his flooded destroyed car? What about the house? I heard home insurance often has a massive deductible
Shady acres
That's his property to deal with then.
Who was unlucky enough to have bought your property? I feel for them.
Investors better not ask for a bail out.
Oh they will😮
A corp or banks will buy for pennies on the dollar and then ask for bailout
oh, they'll get 100% of their money from insurance when real homeowners are denied their claims.
That's where all the FEMA money is going
Use a little common sense. No way was that a 500,000 home. What happened to North Carolina was tragic and unexpected but in these cases you chose to move to a high risk area. Much of Florida is not meant for permanent habitation or stable enough to support the homes and info structures they keep putting in. Not all that many years ago, Florida was just a vacation destination mostly for snow birds looking for a break from the cold. Seniors moved there because they were promised they could live there and not have to pay taxes on their retirement. Sand is constantly shifting. Waters always rise and surge in storms. Move inland and drive to the beaches but stop rebuilding and repeating the same bad choices, expecting a different outcome. Come on, I know humans are more intelligent than that.
I can’t live in a flood zone says the woman who lives in a flood zone.
Do people hear themselves?
Exactly, like the guy at 2:05 who says he ignores the fact it’s going to flood. And he’s in Real Estate. People have lost all sense of reality
@@johnurban7333 some people just don't care... especially floridians lmao I have some family that live in NC on the outer banks and it's the same thing with them. They'll have a tropical storm and everything will get flooded but the community is so tight knit that they just deal with it and help out however they can. It's an interesting life that definitely isn't for the normal person but I respect it.
The disconnect from nature is incredible
@@everythingisfine9988 Only equalled by the abdication of adult responsibilities
@@matthewlupton1539 If they are happy and don't demand the entire nation support their lifestyle, power to them. But the minute we all have to spend national resources to protect their lifestyles, it's over in my mind. Move or learn to swim.
Why are homes in hurricane prone areas built like they are in the rest of the U.S.A. (which are cheaply built with wood) rather than with cement and stone like most tropical zoned countries? Why does U.S.A. build homes that only last decades rather than multiple generations like they are in most of Europe?
Interestingly, tropical zone country like in Okinawa have stone markers along their coastline and no homes can be constructed below those markers. Okinawa is almost the same latitude as Florida, why then doesn't Florida make similar restrictions along its' coastline?
American Greed, period!
I often wondered this, too. Basically, the reasons are that it's much cheaper and faster to build with sticks (availability of materials and expertise).
Flooding year after year was never expected, but now the reality is that it would be cheaper in the long run to use concrete!
Money.
@@MrsZ14522 Greed. No way a wood built house will stand up to a hurricane. A hollow block/cement definitely will though. Time to custom built it yourself.
Heh. She's selling her flooded out wreck of a home at $425,000, when she bought it knowing it was in Zone A. The worst part is that a sucker from out of state will buy it.
One born every minute
probably a ca fear mover
Like all the carpetbaggers who moved into Appalachia and bought land right in the flood zone.
@@slappy8941 -
It's why people should be willing to pay a couple thousand dollars to a property attorney. The attorney can deal with representing you, finding faults with the property (e.g. flood zone proximity) and set up a more enforceable sales contract if flaws are discovered later.
I have a feeling that some big companies are going to just buy out neighborhoods and rebuild affordable homes that they'll then rent out
I wouldn’t give you $4.75 for these homes….
What are ridiculous comment because you know dang well they wouldn't even take it so who cares if you say something so stupid.
Id do that and resell at a higher price. You dumb af if you are serious. Some of those homes have probably been fine for decades and decades to come. Then your old grumpy ass will come down in the winter and buy one 😂
$ 10
💯💯💯
@walkerb1734 the land alone is worth more than that though. Plus it could be 100 years+ before it floods in some of these areas again. You dumb af
Florida will become a rental home state, with ownership being too costly. Florida, Sunshine State's new motto: “Visit and return home.”
It’s already happening, started before the hurricanes
why risk your life for warmer winters?
It won't be just Florida. They're destroying our whole country. Wake up.
@@UncleDavesKitchen Ask my mother all the time... And she never gives an answer beyond "I can't take the cold anymore"
Same. I moved mere in 1989, bought a GDC home for $69k. Low taxes, ins. Nice weather. Sold bought another in 2001, $185K, since sold. We raised a little family, worked as a teacher and nurse. Can’t afford to buy a home now, rent. $2500 k per mnth. Work to pay rent.
In the UK, it is Impossible to get planning permission to build a house in a flood zone.
If you do it illegally, the court will order the removal of the house.
If you don't, big fines.
If you don't, prison is the final deed.
$575 for that average house. Mother Nature isn’t pleased. absolutely mind boggling the money people are paying for these homes they have lost their minds over living in Florida. Mother nature is going to help us put a stop to this madness.
Mother Nature doesn't exist
You got that right, I paid 28,000 for my house, a long time ago, now it's worth 400,000, and it's high and dry .
What in the heck did mother nature give you the voice to speak for her? You don't know everything about everything and it's a giant State and not everything's affected. You better watch it mother nature doesn't like to be spoken for.
@@mocheeks709dream on
@@poollife777 I said what I said.
Rebuilding after three floods, you are stronger than I lady. Glad to know when to call it.
EXACTLY what I thought. She should have learned after the first time.
It's Sunken Cost Fallacy... which is funny because her house is certainly sunken LOL
These greedy people! THE NERVE... to sell a 3 TIMES FLOODED old house for $425,000. Stupid paid $575,000 for a $180,000 house... hoping to sell to an investor that will pay $425,000 to sell to another stupid for $575,000 again. This should be criminal.
And Stupid #2 will pay her the 475
The purchaser has no one to blame but themselves. I can offer to sell a can of bush’s baked beans for a million dollars, I’m not the dumb one if someone buys it off me 😅
THATS PROBABLY WHAT SHE OWES SHE' S STUCK
Wow I think you need therapy this has really upset you.
@@poollife777Just keep looking the other way, right? I bet.
Floridas home market is going to tank , people are going to be upside down on their mortgages smh
No one cares if you're shaking your head and you're so full of it my house is being going up even though I bought it very cheap. And it's in a dry zone and has stayed dry for 110 years. Do you people get some kind of kick out of making up freaking stories?
Not all of Florida floods. I live 7 miles inland and am almost 20ft above sea level. It would take a massive hurricane Florida has never seen before to flood my place. I would never buy a place 10ft or less above sea level in florida.
@@Gmac_Greg_M Maybe it doesn't flood, but how safe are you from winds?
You wish.
Won't tank..prices will come down..but they need to come down in all states..always people willing to buy in florida..nice state tax free..even the landscaping is better than most states
I was born and raised in Florida. Enlisted in 1994 and live in Asheville now. I never remembered it like this. There were a few big hurricanes in my childhood, limited to smaller regions of Florida, but I never heard of repeat floods in a few years until recently, and I never, ever experienced what I just lived through in Asheville.
The climate crisis we've been warned about for 50 years is finally here.
Its happened before, you are just not old enough to remember. Many hurricanes over the decades have done this kind of damage, its nothing new. This happened to be back to back. The Gulf waters this past summer got warmer than usual, but that has also happened before. There have been years not long ago that there were no hurricanes or no major storms, do the research.
@@Lillith1203 Florida is still the crossroads for hurricanes 🌀. Can happen any year.
@@Lillith1203 Tell that to the polar ices caps. Excuse me ..I think you need to "do the research". It is scientifically proven and shown by the scientific and meteorologist community. Global warming is here.
@@dennistyler9852 Yes FL is but count in TX, LA,MS,AL,GA,SC,NC there too. If you live within 2 hrs of the coast you will get hit with a hurricane sooner or later. I am 68 and have lived in one of these states my whole life, 1 1/2 hrs from the coast and have been through many storms that started as a hurricane, tropical storms were not named, just common coastal storms back then. Once it was 3 times in 1 season back in the late 60s, one was as bad or worse than Katrina. Difference is the areas it affected were much less populated than now, fewer people were affected, fewer businesses and homes. All of these states coastal areas are way too crowded the beach areas need to be public lands, not meant to sustain homes and businesses. Thank realtors for this.
A lot of Americans do not have sympathy for people who choose to live in high-risk areas like this, even if they don't admit it. These damaged homes are not worth the risk!
Shore acres floods when the humidity is high. Don’t buy there unless you’re ready to knock it down and elevate the new home..for about 500-600/ sq ft.
I almost bought an as is home, I liked the floor plan and the neighborhood it was in and the asking price was well within my buget. I was a day away from signing the papers for it but thankfully I didn't, that same day the house fell down. The roof and two of the outside walls came crashing down that night. BE CAREFULL WITH ANY AND ALL AS IS HOMES !!!
I was in Asheville, NC 10 days before Helene hit looking at property for 3 days. After 3 hours I had such a panic attack I had to leave, just an overwhelming feeling of doom, pressure, fear. I couldn't explain it, so I left early and returned to Arizona. Trust the feelings, too.
@@UncleDavesKitchen .. the house I was talking about that I almost bought was 3 years ago.
So you almost bought an “as is” home without an inspection or anything ? If so, then your warning rings hollow.
@@UncleDavesKitchen baloney
@@sandtoy11510 right...who does that?
Who in the world would buy that ? Insurance has tripled in Florida, and they are also sending out letters canceling insurance
Really then why did my insurance go down?
It’s going up, if your insurance goes down, then some coverage prolly left out like it doesn’t cover for wind or hurricane or etc. check with with your insurance agent
I wouldn’t let my family live in one of these homes
Why would you buy a home in a flood zone in the first place ? I don't understand
Entitlement comes first and then nothing bad will ever happen to me attitude comes second
And us People in Buffalo get mocked for our snowstorms But Your home is always there
I don’t blame them, but now corporations will buy up MORE houses in the Tampa area and jack up the rent
Who cares
@@fishydubs7964Decent human beings care.
That is the plan.
@@fishydubs7964I kinda agree with this take. I’m checked out and scouting other states! I’m tired of living in a tourist trap wheelhouse.. I want peace!
We do. @@fishydubs7964
Sadly the owners should have to take the loss. These houses need to be condemned and the entire area strictly zoned and ranch construction prohibited. But, instead, we will continue to see these stories in the future - but instead of wealthy, it will be about the welfare poor continuing to suffer in the poverty stricken flooded area called Shore Acres.
Yea they should be rebuilt and raised
Lol. Do some of you people hear how silly you sound?
And it could be 100 years before it floods again.
They are condemned and that is why they are selling them for what they believe to be lot price. The banks will let them get behind on payments and sell them on the courthouse steps for pennies on the dollar. The $425,000 lot price she wants will be $42,500. Her loss will be someone else's new investment.
@@auburnjewels2 Yeah, the land is worth less because of the cost of demolishing the houses and rebuilding raised structures. You're going to have to practically give it away for it to make financial sense.
Greed is the reason. Over building not addressing the drainage issues typical. They are doing it in our area. Builders come in raise the lot 3 ft higher than it should be and it floods the neighbors and surrounding areas.
When did they over build Shoreacres ?
What is that old bible proverb about building on sand.
Not worth it-they think the “land” is worth $300K? Give me a break! Shore Acres doesn’t just flood from hurricanes-it’s every time it rains!
And St. Pete has terrible infrastructure. It’s like a third world country. They think a few yuppy bars makes the spot worth something. It was only worth it for the beachy folks who wanted some place cheap. It’s not worth the hassle if it’s expensive!
Only an idiot would buy this home. Until the city improves its infrastructure, and these homes are built higher, then no one should buy here. Maybe that’s the long game “investors” are making.
You seem like you know what you're talking about. Why hasn't anyone mentioned the one thing that really caused all this? Sewage. The NE St. Pete sewer plant turned off sewage drainage during Helene. It wasn't flooing that people threw out all this trash, it was sewers that backed up into their homes. That, in and of itself, renders every one of these homes worth $0. There's no reason to live in a residence if the city can turn off the sewer drain anytime it pleases. I can't believe this hasn't been mentioned once in the news media.
If you were allowed to live in a RV on the land and drive out when hurricane comes the land may be worth it.
(Was) Shore Acres here... We are one of the families that says enough is enough... We sold "AS IS", close next week... We were approached by the property investors. We're getting enough to pay off the mortgage and have some extra to restart....and that's not including the flood insurance money we got coming.... I'm glad to be rid of the house. It's a beautiful, great neighborhood... but over the last 3 years, the flooding had got worse... not just the hurricanes, but flooding just from your generic afternoon thunderstorm... Whatever the city did to "improve" the storm drainage system, has made it worse...
"But having 3 foot, 4 feet of water in here, no one expected that." Um, really? After other houses in the same neighborhood, according to this report, have flooded multiple times in the past 3 years?
Who in their right mind would want to buy where it is prone to flooding? They will be lucky if they can give these properties away!
Right!
Exactly
They demand the government buy them out! People with million dollar homes built in risky areas known for hazards want their millions!
I wouldn't buy that home even if they lowered the price to $100 dollars. I sold all my houses, too many things happening now. Escalating homeowners insurance, escalating remodeling costs and escalating taxes. I'll just live off the proceeds for now.
She said that she has a lot of experiences. Then, why did she buy this house in a flood zone three years ago? Four decades ago, I bought my house without any knowledges of a "flood zone." However, we are very lucky living in a non-flood-zone.
We live in zone D in St Pete/Clearwater. We were just told again that means no flooding. We just need a governor to do his job.
@@marlysmithsonian5746He's busy banning school kids books!
buying will be cheap but insuring will not. But, there is always someone for something in this world..
NOT AT 7% PLUS INSURANCE
You couldn't PAY ME to live in one of those sewage traps
Believe me they won't and you couldn't afford it so stay in the basement.
@@poollife777 WE don't have or need basements in Phoenix! We keep our land UNTOUCHED! It gets a bit warm but it's NEVER FLOODED!
Spending 300-500K for house prone to flood, in a state with an insurance crisis is insane. You can spend that same amount or less for more home in states/areas that's not facing these issues.
As if anyone would buy these damaged houses that were cheaply built to begin with. 425k for THIS? Dream on, lady.
its almost like building and buying homes in a floodzone is a bad idea😮. Who would have thought
Land value only. I wouldn't pay $300,000 for a year down. Land isn't worth that. New homes will have to be built up high. Lots of these will be available, so land not that valuable either.
The only problem with homes built higher is where do you park your car? You'll always lose your car and anything on the lot below.
Crazy woman: "It's the third flood in three years. Do you want to buy it?"
Normal person: "No"
And this is why my homeowners insurance is so expensive not even living in Florida. How about we don’t build where it floods every year
Time to redesign homes.. has to be at least 10 ft off the ground
buy a boat if you want to live in Florida
@@UncleDavesKitchen build a house on the shape of a boat
Fuck it.
@@enrique88005 I moved to Arizona
....and floating.
14' above sea level.
So I am thinking who the heck would want to buy that? Especially since she said it was full of chemicals
No matter how cheap, why would anyone buy and fix up a house they know will get flooded next hurricane season?
It should be mandatory that all new flood zone housing developments should have their houses be placed on stilts like on the coast.
I’m not understanding why that isn’t the standard. I saw some guy who had his house built on stilts and his home made it with no damage water just ran under his house.
So they can be washed away? You haven't seen the steel toes being washed away all over the freaking country? I personally think only an idiot would want to climb up to a stilt home every day.
@@poollife777 you really don't know how they construct houses on stilts then. If that were the case then every house would be washed away every time there was a coastal flood.
A lot of localities are mandating this, or artificial elevation of other types, for any new builds or even rebuilds. Way too much of Tampa and Pinellas are built like it’s So. California instead of Florida.
How much does the flood insurance cost you per year?
Don't want to flood? Buy only 1/10 zone. You can see it on the listing.. Or just float around in the back yard.
Living on a giant SANDBAR is a wonderful experience ... Awesome living ... ! Live in Florida and have a blast ...
How about $150,000
Wouldn't matter
Moving to Florida nowadays is the height of lunacy.
buy a boat if you want to live in Florida
For 150k you get a nice house boat. And this is the only home a sane person in florida would have.
Why are they all ground level? The entire shoreline of NC has houses up off the ground for this reason.
Cinderblock walls with zero insulation. Built as cheaply as possible.
The insulation was ripped out because it was water damaged.
If there's a mortgage the bank owns the home. When investors stop investing and homeowners begin to just walk away it will eventually cause a major problem for banks...
And after the next storm investors will be financing as is homes because they are built wrong for the area. Build light houses raised 10 feet out of cement.
ALLEGEDLY: "IS $1.00, ONE DOLLAR, TOO MUCH, TO BUY THE "AS IS" HOUSE, TO REMOVE THE TRASH,,,,,,$1.00, ONE DOLLAR, FOR MY CONSIDERATION??????"
no way that lady is getting 425k for a house that repeatedly floods
That woman didn't mention the floor. It didn't look like it was damaged if it's the original flooring, but I'd be checking what's underneath.
I never thought I would say this but Wall Street billionaires are the reason America is so lopsided, we need real change
Investors have begun to abandon Florida and are buying in other states where their properties are not at risk from so many hurricanes, tornadoes and floods.
Areas of Florida are now uninhabitable including this area. Rebuild on 15 foot stilts perhaps, but more hurricanes and flooding is certain
I've said it for YEARS: why does ANYBODY live in Florida?!
Winters are mild?
Sounds still like a lot to ask for a questionable foundation, studs and a roof in a known flood area. Go for it investors, I'm amazed anyone would risk their lives for warm winters.
The northern half of the state sits on bedrock. It isn't flat land. Learn some geography.
@@universalmother it's still in hurricane alley, learn some geography
@@UncleDavesKitchen Tell that to the residents of the Appalachia area who got flooded out by the storms and in no way are near flood zones. If you think this has anything to do with "weather" you are a silly boy. It is, however, all about location. Humans are impeding the process of implementing new systems. So, they are being removed. Our MIL owns several properties in Apollo Beach and Tampa. Not one property was damaged in the storms. Private ownership is the issue being dealt with in areas of interest.
@@UncleDavesKitchen Most of the state isn't a flood zone. Learn some geography.
Seriously? People risk their lives for a lot less.
You didn’t do any homework then I’ve been there 52 years. It’s been flooding every couple years the fools and their money.
2:08
Yes, you DO have to think for yourself when you’re buying a home in a flood prone area.
OR AT SEA LEVEL NEXT TO THE OCEAN LOL
If a home is in a flood area, how was you able to insurance? If a home or homes are repeatedly getting destroyed by hurricanes you should not be allowed to replace it. This is why we have an insurance problem in Florida.
Why would someone pay $300,000 for a proven flood zone house?
$300,000 For A Junk home sitting on a swamp. Sure ill be right there 😂
Unfortunately who's gonna wanna buy a house that floods out 3 times in 2 years? Even if an investor gets it dirt cheap, and lists it for cheap...who in their right mind would buy or rent that?
Some want taxpayers to do that.
Houses probably should not have been built there without the appropriate infrastructure to prevent flooding. There are too many boondoggle properties in the Tampa area
Shore Acres was dredged up during the land boom in the 1920's but the land is too low. At high tides salt water backs up the storm drains into the streets. Add some rain and you have more flooding. Many of the homes were built back in the 1960's.
I would buy it for 200k. Treat the wood. Add removable water proof drywall and add a second floor for the primary occupancy. Would cost a lot but you would still gain a lot of equity and be flood proof.
What about 150 mph plus winds?
You need to demolish it completely and instead build a custom build home with steel foundation and cement/hollow block or stone slab walls. Make the first floor as your boat docking station. LOL
Here is how they SHOULD handle this problem: Press the City to allow RV parking there, retain the land and make RV rental spots, it's prime rental property for that and they will be max occupancy from November through April. Live elsewhere, or retain a portion of the lot for your own RV to live in.
No offense to the homeowner. But 400k for an already damaged house and for a house that is located in a flood zone that asking too much for the risk.
I won't pay 300k in Tampa
You made the choice to buy in a flood zone, so I have not any sympathy for you.
Common sense and reality lands solidly for some. Wise and humble enough to admit a mistake and move on....elsewhere. Respect and admiration for their strength and postivity.
just wait until next year 200% increase in home insurance :(
200% increase PLUS $50K deductible.
And after all that they'll say it wasn't covered by your policy
And why would you even say that does that make you freaking happy or something? And they said that last year but mine went down.
I wouldn't pay 100k
I recently sold my condo for $400k and i want to invest the money in the stock market. However, it appears the market is at an all-time high. Should I invest elsewhere or wait for a market correction?
The stock market is risky But staying on the sidelines is riskier. Missing the next bull run will be far more costly to your long-term wealth than getting in at the "right price". Consult a financial advisor if you're unsure how to proceed.
You're right, I and a few Neighbours in Bel-Air Area work with an advisor who prefers we DCA across other prospective sectors. Instead of a lump sum purchase, Following this, my portfolio grew 37% in the last quarter
Mind if I look up your advisor please? I've worked in real estate for over 25 years and have neglected a major stock portfolio. This served me well when I was flipping and renting houses, however I need a different plan now
I've been stuck with the popularly ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Thank you for putting this out, it has rekindled the fire to my goal... was able to spot Melissa Terri Swayne after inputting her full name on the web, she seems highly professional with over a decades of experience
I would not pay not even a dime for those homes, pure crap 😮
Those cheekbones are an experience
400k for a blasted house. No.
The residents chose to live in a hurricane zone, what did they expect when a hurricane, or more, comes knocking/
1:15 I CAN NOT BELIEVE THAT SHE BOUGHT FOR 575K FOR THAT ...
She is a total sucker. I see a bankruptcy in her future.
A fool and her half-a-million-dollars are soon parted.
A lot of interest in these flooded out homes? They never learn their lesson.
What they'll do is the people will buy it for pennies on the dollar cuz the people will have no bargaining power. They'll flip it. Wait a couple months until people forget about this hurricane and want to move down to Florida and sell it for profit and not have any morals about selling a property they know will flood
I wouldn't even think about buying a home there. Who wants to go through that over and over again.
$$$$
This is horrible. My husband and I were not in a danger zone area but we sold our hound in the middle of September and as hard as the move has been and every time I start to get anxious about being in a new home and in another state where wen don’t know anyone, I look at these videos and I know we did the right thing. It’s a difficult decision no matter how you look at it but Helene and Milton made me realize that we made the right choice. I miss my home in Florida but sometimes you have to walk away because the anxiety of the home insurance constantly going up and the destruction of the hurricanes was just too much for me to deal with, just too much stress and anxiety.
😞So sorry for flood victims.
Why. They chose to live there.
@@universalmotherBecause she has compassion for people struggling.
@@francismarion6400 We don't. You chose it.
@@francismarion6400 WHEN SHE'S ON CAMERA AND INVOLVED
@@francismarion6400Many people are struggling. People act like truth is a monster, and those that state facts are the devil. Compassion is fine, but not when we have to remain silent on things many people are paying for!
Buyer Beware is never more appropriate than in Florida.
That was their point, now they own your land, and the pumps will work…
if i had enough of watching these videos, i can't imagine living thru it.
Land value only, minus cost of demolition.
Minus the cost to raise it 10-15 ft.