Landslide
Red Skull Member
- Joined
- May 20, 2020
- Member Number
- 422
- Messages
- 1,668
With big banks failing and inflation growing daily, something has to give right? Sure seems ripe for something to happen
Just watched a couple videos on the insane housing market in Florida and what’s happening there right now. I don’t see how a start up family can afford to buy and own a home on basic income really. Florida is a right to work state and I don’t think the average pay scale is all that high but I really don’t know. It’s been ten or so years since I’ve visited Florida and I used to go there a lot in the 80’s and 90’s scuba diving. Was making plans back then to move down there too.
Some of the interesting things that have increased the cost of home ownership there is every home has to have a roof no older the ten years of age. If it goes older than this, insurance will drop your policy. They said a bunch of insurance companies have pulled out of Florida completely and I know this is true for Louisiana as well. If your home is under financing, it is required to have insurance coverage on your home.
Real estate taxes have more than doubled in the last few years in Florida as well. Home maintenance or remodeling cost have skyrocketed as well. If you’re in an HOA, those fees have increased substantially as well. This isn’t even getting into the higher utility cost (it was started in the video water bills have increased more then double, a monthly $300 bill is now $700). Plus just day to day cost of higher priced groceries and fuel.
It sure looks like the ice berg is about to tip over and show it’s ugly underside.
A bit of a long video but this guy makes for a very convincing story.
Just watched a couple videos on the insane housing market in Florida and what’s happening there right now. I don’t see how a start up family can afford to buy and own a home on basic income really. Florida is a right to work state and I don’t think the average pay scale is all that high but I really don’t know. It’s been ten or so years since I’ve visited Florida and I used to go there a lot in the 80’s and 90’s scuba diving. Was making plans back then to move down there too.
Some of the interesting things that have increased the cost of home ownership there is every home has to have a roof no older the ten years of age. If it goes older than this, insurance will drop your policy. They said a bunch of insurance companies have pulled out of Florida completely and I know this is true for Louisiana as well. If your home is under financing, it is required to have insurance coverage on your home.
Real estate taxes have more than doubled in the last few years in Florida as well. Home maintenance or remodeling cost have skyrocketed as well. If you’re in an HOA, those fees have increased substantially as well. This isn’t even getting into the higher utility cost (it was started in the video water bills have increased more then double, a monthly $300 bill is now $700). Plus just day to day cost of higher priced groceries and fuel.
It sure looks like the ice berg is about to tip over and show it’s ugly underside.
A bit of a long video but this guy makes for a very convincing story.