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What happens to Miami RE when a major hurricane hits?
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Date: August 17th, 2025 2:52 PM Author: Confused filthpig https://www.sun-sentinel.com/2025/08/16/riding-out-a-category-5-hurricane-in-a-high-rise-should-you-stay-or-go/
Sounds like there would be water leaks in most Apts, i.e. risk of mold makes it tainted to anyone looking to buy beachfront. Then even "light damage" to the building itself would cause major assessments for repairs which would completely ruin finances+insurance. So even a newly built luxury high rise would be unsellable. So my miami re is a much more risky asset than qqq or even bitcoin. |
Date: August 17th, 2025 2:54 PM Author: jet-lagged odious psychic nowag unless youre *at least* tom brady or lebron james rich you really shouldnt ever buy anything pricier than basic shelter in a major us metro area in 2025. (http://www.autoadmit.com/thread.php?thread_id=5763343&forum_id=2Γ#49192146) |
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Date: August 17th, 2025 2:57 PM Author: Confused filthpig Yeah but if you buy a house in nyc suburb or other major suburbs it actually goes up with inflation. Buy a coop in Manhattan, you might lose out, i.e. cost of maintenance too high and price will not go up, so it's not an investment. But it's not going to 0. Miami condo I could actually lose 1mln$ (http://www.autoadmit.com/thread.php?thread_id=5763343&forum_id=2Γ#49192150) |
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Date: August 17th, 2025 3:14 PM Author: jet-lagged odious psychic nowag miami condo could literally fall over with you in it and the rescue workers would give up looking for you after a couple days and say its not worth the money. (http://www.autoadmit.com/thread.php?thread_id=5763343&forum_id=2Γ#49192215) |
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Date: August 17th, 2025 3:19 PM Author: Flushed hall bbw To be fair, they're right. (http://www.autoadmit.com/thread.php?thread_id=5763343&forum_id=2Γ#49192224) |
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Date: August 17th, 2025 3:20 PM Author: jet-lagged odious psychic nowag for all the wrong reasons (http://www.autoadmit.com/thread.php?thread_id=5763343&forum_id=2Γ#49192228) |
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Date: August 17th, 2025 3:22 PM Author: Flushed hall bbw They may not personally know our beloved BooR but the conclusion is nevertheless sound. (http://www.autoadmit.com/thread.php?thread_id=5763343&forum_id=2Γ#49192229) |
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Date: August 17th, 2025 2:56 PM Author: laughsome magenta electric furnace lol @ investing in FL (http://www.autoadmit.com/thread.php?thread_id=5763343&forum_id=2Γ#49192147) |
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Date: August 17th, 2025 3:00 PM Author: Confused filthpig I'm not talking about investing but just keeping your money. In most cities including LA you can probably come out ahead in 10 years. This article is right in that Miami hasn't had any hurricane for over 20years. It's not about whether a building collapses but whether it has any resale value.. (http://www.autoadmit.com/thread.php?thread_id=5763343&forum_id=2Γ#49192165) |
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Date: August 17th, 2025 3:19 PM Author: Flushed hall bbw Right, so you're saying "instead of wasting money on rent you'll buy." The problem is that condo fees everywhere are massive. (http://www.autoadmit.com/thread.php?thread_id=5763343&forum_id=2Γ#49192222) |
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Date: August 17th, 2025 3:18 PM Author: Flushed hall bbw Condos are generally a shitty investment everywhere.
People who bought homes in Florida and not in an HOA have seen their values increase. |
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Date: August 17th, 2025 3:20 PM Author: Red Striped Hyena REAL ππ» ESTATE ππ» VALUES ππ» ONLY ππ» GO ππ» UP (http://www.autoadmit.com/thread.php?thread_id=5763343&forum_id=2Γ#49192227) |
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Date: August 17th, 2025 3:22 PM Author: Flushed hall bbw BECAUSEππ» THEππ» VALUE ππ» OF ππ» THE ππ» DOLLAR ππ» ONLY ππ» GOES ππ» DOWN (http://www.autoadmit.com/thread.php?thread_id=5763343&forum_id=2Γ#49192230) |
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Date: August 17th, 2025 3:45 PM Author: Bat shit crazy bronze trust fund There are infinite scummy rich turd worlders who want to live in South Florida and park their ill-gotten cash in RE. I wouldn’t worry about it. (http://www.autoadmit.com/thread.php?thread_id=5763343&forum_id=2Γ#49192287) |
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Date: August 18th, 2025 2:50 AM Author: Confused filthpig This guy says people should learn good taste instead of getting college degrees. https://www.businessinsider.com/google-ai-team-too-late-phd-ai-hype-jad-tarifi-2025-8 |