https://www.newsweek.com/florida-homeowners-struggle-sell-their-houses-1912392Aquamarine?
Meanwhile, soaring insurance fees are also dissuading potential buyers from purchasing property as they add more costs to owning a home.
You must log in or register to comment.
now you see climate change isn’t a big deal because those who would be impacted can just sell their house and move
So does this mean super cheap houses for sale now or sellers wanting super high prices and that issue for the buyer?
Its price. Dad sold his house for ~120k. 4 years later sells again for 250k. Houses where I went to college went from 200k to 400k-500k. Its insane. These are like 2-3 bedroom houses too, in a decent area, but not the “best”.
It’s everywhere, not just Florida. House prices have doubled in my po-dunk little college town in rural Ohio, but nothing is selling. They aren’t even pretending that prices are based on anything any more.
They aren’t even pretending that prices are based on anything any more.
prices are based on the government’s need to extract more housing taxes from people
Partially, but also heavily influenced by massive real estate companies and land lords.
Yeah, its bad. Where I’m at now has still seen like a 50% increase since I’ve moved 2-3 years ago.
Houses where I went to college went from 200k to 400k-500k. Its insane.
Is this supposed to be high or low? I genuinely can’t tell
And when was it100k was pretty doable for workers where my dad lived. 200k is a stretch, basically destroys the “expendable” portion of a budget there. The 200k was near to Disney (within an hour), and pay was somewhat higher, so kinda doable for a lower-middle class person. 400k isn’t doable for anyone but those interested in landlording. Monthly payments are higher then rents, and rents are already barely doable.
The saddest part for me is that these beaches will not exist soon and no one but these smug assholes got to enjoy them while they were still around because most of that beachfront property is privately owned.
couldn’t a rational government purchase these & put in flood mitigation improvements and such on the land? i don’t particularly think bourgeois ‘vacation house’ owners deserve compensation but it seems like a no brainer even in a capitalist scheme. keep housing prices up, keep the remaining housing stock more viable with the improvements. but what am i saying, of course the capitalists wouldn’t do something you have to wait more than a year to see positive results from
That’s what would have happened 50 years ago, but neoliberal brain rot has essentially led to any sort of government intervention like that as being anti-capitalist. Pretty much any market intervention by the government is a non-starter in the US at this point
In a less capitalist framework, I think that would be a waste of resources in the vast majority of cases. So much of Florida is spread out. It would take a crazy amount of workers to get everything worth saving sufficiently prepared. I’d much prefer they pick a few metros to denisfy and harden. Then they can give folks in actual financial distress a pension for their trouble.
Even in a capitalist framework the upkeep costs might not be worth it passed a decade or three.
I feel like what will actually happen is the government bails out all the corporate owners of these properties and let’s everyone else take the loss. Same thing they did in 2008 basically. That has the added benefit of making housing everywhere else get more expensive, due to climate refugees, so land speculators and landlords will be happy.
no
These homes be underwater, metaphorically and literally
At least most of the waterfront properties are owned by the disgustingly rich people (the poor just lose their homes because their basement floods)
rare actual silver lining
nuke europe for global cooling, but also nuke florida just because
Would it be acceptable to target the nukes in such a way that the Kennedy Space Center is spared? There’s some cool history there.
here’s the link since OP link is typo’d: https://www.newsweek.com/florida-homeowners-struggle-sell-their-houses-1912392
“Inventory is growing stale fast in Texas and Florida largely because those states are building far more homes than anywhere else in the country, contributing to rising supply, and because some homebuyers are nervous about the increasing prevalence of natural disasters,” Redfin said in its analysis.
Haven’t done a holistic analysis, but if the housing slump is true for only Texas and Florida, and not Georgia Alabama Miss/etc, then the above quote is true and it has nothing to do with climate change (neither temps nor hurricanes)
