this post was submitted on 18 Aug 2024
92 points (95.1% liked)

Housing Bubble 2: Return of the Ugly

247 readers
1 users here now

A community for discussing and documenting the second great housing bubble.

founded 4 months ago
MODERATORS
[email protected]
92
Florida hit by 'worst real estate crisis in decades' as desperate condo owners slash prices by up to 40%: 'It's paradise lost' (www.dailymail.co.uk)
submitted 3 weeks ago by [email protected] to c/[email protected]
26 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 46 points 3 weeks ago (6 children)

All of Florida's coastal real estate will collapse in 20-30 years. My parents' home in Key Largo will be worthless or wiped out.

[–] [email protected] 17 points 3 weeks ago (1 children)

And even non-coastal real estate will face high insurance premiums due to increasing hurricane risk.

[–] [email protected] 21 points 3 weeks ago (1 children)

High premiums? They'll just stop operating in the state entirely.

[–] [email protected] 6 points 3 weeks ago

Ask Florida and California about this.

load more comments (4 replies)