check This in South Florida not even a " Good Area " how will an entry level Genz out of College with Student debt will ever save to build his wealth? This shit is what should outrage us. Corporate buildings creating an impossible market.
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If you build more, the price will stabilize or even drop. This has been proven out.
may 16, 2025, 4:35 pm • 3 0 • view
They ARE building more, but charging more in my Area, and not building for Ownership but rental units that rent for outrageous prices. At the same time the Nazi RDS in FL sides with Insurance, and gives Condominiums outrageous power over people, forcing elders to move out from their homes
may 16, 2025, 4:38 pm • 0 0 • view
Florida is reaping what it has sown, I have no sympathy for people who deferred their condo maintenance for years to keep their fees low and are now facing the consequences. Insurance isn't in business to lose money, and Florida made it's choice.
may 16, 2025, 4:40 pm • 0 0 • view
Florida fucked up with Republican governors. I would support a 1% increase in property Taxes to allow Universal State Insurance up to Assessed value. That would be WAY cheaper and spread out the risk. But not good for Insurance companies that grease the hand of Republican politicians
may 16, 2025, 4:44 pm • 0 0 • view
I said this in another reply thread, of course I have 23 years of experience in RE and the kid there is just a GenZ bsky.app/profile/jeep...
may 16, 2025, 4:42 pm • 0 0 • view
Note this was not rocket science Obama tried to implement it as part of the making home affordable initiave. I sold a house with 60k Community redevelopment money to a recent Graduate in 2010. He went on to sell it and buy another house.. he still pays his student loan to this day.
may 16, 2025, 4:50 pm • 0 0 • view
But that was one case.. Most homes were bought with Wall Street money and milked as rent and they sold them in 22/23 for massive profits
may 16, 2025, 4:54 pm • 0 0 • view
This has nothing to do with "corporate" anything. The worst and greediest landlord I ever rented from was just some guy. This guy's entire position is that renters *as a class of people* should not exist in his area.
may 16, 2025, 4:36 pm • 2 0 • view
Well he specifically says that. The issue is VERY similar in my area TBH but the solutions are completely different of what he says.
may 16, 2025, 4:39 pm • 0 0 • view
I read the same thing you read. He does not want renters in multifamily buildings in his community, and called where we life dressed up hotels. He can eat shit and I am going to find who he is running against and give them some campaign money.
may 16, 2025, 4:41 pm • 1 0 • view
lol Thats good. However the problem he is pointing out is very GenZ. They have almost completely been left out of homeownership.
may 16, 2025, 4:47 pm • 0 0 • view
So BUILD MORE RENTALS so that people can have someplace to live in the meantime and not have to buy a house from a fixed supply in a low density area with car dependenc, especially if they don't want one.
may 16, 2025, 4:50 pm • 2 0 • view
but this MY local RE this is what is happening HERE They are building rental units like crazy and Millenials/Post millenials rent them and live at 50-70% of their income going to Housing. If they charge 2.6k The small duplex in the area chsrges 2.3k because the price line raises
may 16, 2025, 5:01 pm • 0 0 • view
WS investors dont invest in places where there is rental control or even Sec8. The ones that get the permits are the Fat Cats
may 16, 2025, 5:02 pm • 0 0 • view
This is what they do. This is what he is saying. They build and charge outrageous amounts and all the market goes with them. I am seeing it in the city of Dania Beach here they are Gentrifying the hell out of the place with "cool" 15 story building at $2.6 1/1s
may 16, 2025, 4:57 pm • 0 0 • view