Housing Bubble 2: Return of the Ugly

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

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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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[–] coffee_with_cream@sh.itjust.works 11 points 3 months ago* (last edited 2 months ago) (1 children)

My family's condo went from $450 per month maintenance to over $1100! It's causing some problems and my folks can't retire anymore, taking odd jobs to make it work

[–] Dkarma@lemmy.world 3 points 2 months ago (1 children)

Sell it. Sounds like it's an extra piece anyway.

[–] coffee_with_cream@sh.itjust.works 1 points 2 months ago (1 children)

No they live there full time. Just tried to start retiring last year

[–] Squizzy@lemmy.world 3 points 2 months ago (1 children)

I dont understand, and not your fault it is clearly the environmemt, but retiring with bills that are so variable is insane to me. Here we mostly retire with out own home and not a maintenance contract.

[–] coffee_with_cream@sh.itjust.works 3 points 2 months ago* (last edited 2 months ago)

Yeah, agreed. It wasn't that variable when they started winding down work 😅 idk what they are going to do. I am trying to fix up my house up north to have a little guest space in the basement if they have to come live with me. But my flood insurance just went up 45% too and my town is giving me a hard time with permits due to increased risk of flooding. feeling pretty powerless tbh