this post was submitted on 18 Aug 2024
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Housing Bubble 2: Return of the Ugly

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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 months ago by SeattleRain@lemmy.world to c/housing_bubble_2@lemmy.world
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[–] Orbituary@lemmy.world 46 points 3 months 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.

[–] alvvayson@lemmy.dbzer0.com 17 points 3 months ago (1 children)

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

[–] empireOfLove2@lemmy.dbzer0.com 21 points 3 months ago (1 children)

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

[–] Orbituary@lemmy.world 6 points 3 months ago

Ask Florida and California about this.

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