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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[–] BatrickPateman@lemmy.world 4 points 3 months ago

Happened to relatives of mine bay-side near Fort Myers a while ago. Hurricane hit the area, pretty much every apartment in that 11 floor building was devastated by wind and water.

Even worse: the foundations were affected too and the place has not been inhabited for more than year.

At least everyone made it out. Building next door partially collapsed and there were fatalities.