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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: ,.,,,. 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: Bob Rooney 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=2#49192146) |
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Date: August 17th, 2025 2:57 PM Author: ,.,,,. 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=2#49192150) |
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Date: August 17th, 2025 3:14 PM Author: Bob Rooney 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=2#49192215) |
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Date: August 17th, 2025 3:19 PM Author: .,.,...,..,.,.,:,,:,.,.,:::,...,:,...:..:.,:.::,. To be fair, they're right. (http://www.autoadmit.com/thread.php?thread_id=5763343&forum_id=2#49192224) |
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Date: August 17th, 2025 3:20 PM Author: Bob Rooney for all the wrong reasons (http://www.autoadmit.com/thread.php?thread_id=5763343&forum_id=2#49192228) |
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Date: August 17th, 2025 3:22 PM Author: .,.,...,..,.,.,:,,:,.,.,:::,...,:,...:..:.,:.::,. 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=2#49192229) |
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Date: August 17th, 2025 2:56 PM Author: """'"'"""'' lol @ investing in FL (http://www.autoadmit.com/thread.php?thread_id=5763343&forum_id=2#49192147) |
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Date: August 17th, 2025 3:00 PM Author: ,.,,,. 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=2#49192165) |
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Date: August 17th, 2025 3:19 PM Author: .,.,...,..,.,.,:,,:,.,.,:::,...,:,...:..:.,:.::,. 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=2#49192222) |
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Date: August 17th, 2025 3:18 PM Author: .,.,...,..,.,.,:,,:,.,.,:::,...,:,...:..:.,:.::,. 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: .,.,.;.,..,..,.,:.,:,..,..,::,..,:,.,.:,..:.,:.:, REAL ππ» ESTATE ππ» VALUES ππ» ONLY ππ» GO ππ» UP (http://www.autoadmit.com/thread.php?thread_id=5763343&forum_id=2#49192227) |
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Date: August 17th, 2025 3:22 PM Author: .,.,...,..,.,.,:,,:,.,.,:::,...,:,...:..:.,:.::,. 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=2#49192230) |
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Date: August 17th, 2025 3:45 PM Author: ghee I remember witnessing 911 and thinking NYC real estate would never recover. LOL. There are infinite scummy rich turd worlders who want to park their ill-gotten cash. I wouldn’t worry about it. (http://www.autoadmit.com/thread.php?thread_id=5763343&forum_id=2#49192287) |