*with this post I reach my self imposed max for the day. Which is too bad because it’s a lovely day on the Street. Cheers and enjoy the party. Puff, puff, pass.
Just came over to hit you up re: Florida housing market. Have you been tracking? I’m hearing there’s major problems down there. Sure, it’s inflated like everywhere else, but there’s a serious problem with HO insurance in the coastal areas. I’m hearing water front condos being abandoned, not only because insurance rate increases, but HOA’s went up as well. A large number of the residents are older/retired and are on “fixed incomes.” They can’t afford these rate increases. And it’s not just the elderly leaving or selling their properties…. Sad but do you see any opportunity in Fla? I’m thinking a newer, up to code beach house located in a neighborhood with a little elevation.
Thanks for info. I’m going to wait and see if prices drop. Hearing the decline is coming very soon. Already seeing price cuts, but they have a long way to go considering what these insurance premiums are now. I figure we’re still another 12-18 months away….. yes, find me a nice n cheap beach house and you can stay for free. I won’t be a full time FL resident.
Nice, good for you. Good thing I’m already poor.)
Just came over to hit you up re: Florida housing market. Have you been tracking? I’m hearing there’s major problems down there. Sure, it’s inflated like everywhere else, but there’s a serious problem with HO insurance in the coastal areas. I’m hearing water front condos being abandoned, not only because insurance rate increases, but HOA’s went up as well. A large number of the residents are older/retired and are on “fixed incomes.” They can’t afford these rate increases. And it’s not just the elderly leaving or selling their properties…. Sad but do you see any opportunity in Fla? I’m thinking a newer, up to code beach house located in a neighborhood with a little elevation.