Current Events > Florida Homeowners Are Desperately Trying to Move Out.

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mach25687
02/29/24 2:48:10 PM
#1:


https://www.msn.com/en-us/money/realestate/florida-homeowners-are-desperately-trying-to-move-out/ar-BB1j5Prq?

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MarcoRubio
02/29/24 2:49:01 PM
#2:


Joke fucking state with joke fucking leadership

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Dat_Cracka_Jax
02/29/24 2:49:26 PM
#3:


Are they unable to sell their homes?

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MrMojoRising
02/29/24 2:49:57 PM
#4:


sweet, maybe i might be able to afford a house at some point

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deupd_u
02/29/24 2:50:32 PM
#5:


4,928 listings

Ok

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TMOG
02/29/24 2:52:39 PM
#6:


deupd_u posted...
4,928 listings

Ok
Read past that.

Those listings are specified as "motivated sellers", meaning they're willing to take offers lower than the listing price because they're desperate to get rid of the property even at a loss.

The article also goes on to say that Florida has more property listings in general than any other state, three times as many as even California.
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Bass
02/29/24 2:54:45 PM
#7:


Dat_Cracka_Jax posted...
Are they unable to sell their homes?
Who wants to buy houses that can't get insurance or the insurance is so high it's unaffordable? That would be my guess why people would have trouble selling.

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Statewitness
02/29/24 2:54:49 PM
#8:


Special assessment on condos went through the roof after the building collapse in Miami.
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gatorsPENSbucs
02/29/24 3:03:17 PM
#9:


TMOG posted...
Read past that.

Those listings are specified as "motivated sellers", meaning they're willing to take offers lower than the listing price because they're desperate to get rid of the property even at a loss.
It doesnt say anything about taking a loss though, unless I missed that. Said theres been a very high price appreciation and people are trying to cash out, some older people have lost some of their benefits, and some people dont want to pay the higher insurance. But I didnt see anything about people saying they were okay with taking a loss.

Dat_Cracka_Jax posted...
Are they unable to sell their homes?
Article says theres plenty of people buying the houses, and Florida was in the top few most moved to states last year so Im guessing theres no issue selling. Just the few things listed in my post from the article.


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DipDipDiver
02/29/24 3:03:29 PM
#10:


Insurance is a nightmare in Florida right now, a lot of these people are probably getting out because they can't afford it anymore. Better to take a loss than go bankrupt

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MaxEffingBemis
02/29/24 3:06:40 PM
#11:


Maybe I can finally buy a house soon.

Have to get a job first of course.

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BombermanGold
02/29/24 3:06:45 PM
#12:


DipDipDiver posted...
Insurance is a nightmare in Florida right now, a lot of these people are probably getting out because they can't afford it anymore. Better to take a loss than go bankrupt

Oh, and it gets even messier: House insurance companies are also pulling out of Florida because of the expense.

So options are becoming limited and getting super expensive.

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TMOG
02/29/24 3:07:59 PM
#13:


gatorsPENSbucs posted...
It doesnt say anything about taking a loss though, unless I missed that. Said theres been a very high price appreciation and people are trying to cash out, some older people have lost some of their benefits, and some people dont want to pay the higher insurance. But I didnt see anything about people saying they were okay with taking a loss.
It doesn't have to be in the article for people to know what it means.
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philsov
02/29/24 3:17:05 PM
#14:


Aqua Man doesn't have enough liquid assets :3

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mybbqrules
02/29/24 3:20:17 PM
#15:


deupd_u posted...
4,928 listings

Ok
Lol, literal Trump branded knife.

Ok.

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Roachmeat
02/29/24 3:26:28 PM
#16:


TMOG posted...
Read past that.

Those listings are specified as "motivated sellers", meaning they're willing to take offers lower than the listing price because they're desperate to get rid of the property even at a loss.

Oof.

Red state blues.

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Tyranthraxus
02/29/24 3:28:32 PM
#17:


Dat_Cracka_Jax posted...
Are they unable to sell their homes?

Ben Shapiro is the resident expert on that

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LoZguy709
02/29/24 3:29:52 PM
#18:


Any indication if this mainly motivated by political reasons or personal financial reasons like the real estate values depreciating where weather/climate issues are most concerning?

If the former, great and I hope they move to swing states. If the latter, I really wish we could force them to stay and live underwater.
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cjsdowg
02/29/24 3:32:10 PM
#19:


https://youtu.be/xj3paR6lEzs?si=AvkSZRResD2Gq8DV&t=27

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Raikuro
02/29/24 3:35:10 PM
#20:


Selling a house doesn't mean moving out. How many of those are vacation homes?
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JuanCarlos1
02/29/24 3:36:52 PM
#21:


Bass posted...
Who wants to buy houses that can't get insurance or the insurance is so high it's unaffordable? That would be my guess why people would have trouble selling.

Thats probably why FL prices will plummet. People been getting over 100% increases. Not doable for anyone not rich.

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Krojen
02/29/24 3:38:05 PM
#22:


Will this help offset some of the 10s of millions of people that moved here the last 3 years?

I pay 5k a month in car insurance for a single car with a clean record just to sit in 24/7 traffic jams.

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Irony
02/29/24 3:38:16 PM
#23:


Stay there please

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Dat_Cracka_Jax
02/29/24 5:22:55 PM
#24:


Krojen posted...
I pay 5k a month in car insurance for a single car with a clean record just to sit in 24/7 traffic jams
Lol wtf do you drive?

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cjsdowg
02/29/24 5:24:16 PM
#25:


Dat_Cracka_Jax posted...
Lol wtf do you drive?


A tank i would guess

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NoxObscuras
02/29/24 5:27:24 PM
#26:


Ohoho. The tables have turned now. I remember how conservatives kept talking about California having a supposed "mass exodus" because of terrible liberal leadership

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ClayGuida
02/29/24 5:28:14 PM
#27:


Florida has become expensive as shit to live.

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HylianFox
02/29/24 5:30:20 PM
#28:


I can think of plenty of reasons to leave Florida that have nothing to do with housing/expense
>_>

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Tyranthraxus
02/29/24 5:36:00 PM
#29:


NoxObscuras posted...
Ohoho. The tables have turned now. I remember how conservatives kept talking about California having a supposed "mass exodus" because of terrible liberal leadership

It was actually always bullshit based on a cherry picked statistic where California has the most people moving out. This is because it's simply the most populated state so it will generally have more people doing any given task. It also has more people moving in than any other state.

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Krojen
02/29/24 5:39:15 PM
#30:


Dat_Cracka_Jax posted...
Lol wtf do you drive?
Model S, but my neighbor pays a similar rate on his Corolla.

In FL insurance is significantly higher than the cars payment and doubles every 6 months.

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emblem-man
02/29/24 5:42:14 PM
#31:


Krojen posted...
Model S, but my neighbor pays a similar rate on his Corolla.
Da fuck. I can't believe that.

Do you mean 5k per year?

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divot1338
02/29/24 5:43:51 PM
#32:


Krojen posted...
Model S, but my neighbor pays a similar rate on his Corolla.

In FL insurance is significantly higher than the cars payment and doubles every 6 months.
This is mathematically impossible.

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Krojen
02/29/24 5:44:48 PM
#33:


emblem-man posted...
Da fuck. I can't believe that.
I am beyond tilted and exaggerating greatly but not by as much as youd think so lemme just have this vent lol

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ai123
02/29/24 5:48:14 PM
#34:


Climate is horrible, and they've elected an absurd authoritarian homunculus as their leader.

The sensible people will leave if they can.

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Jiek_Fafn
02/29/24 5:48:44 PM
#35:


Let's be reasonable here. There's definitely a sizeable portion that's being sold because the next of kin is dumping assets of a relative that passed due to avoidable circumstances.

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Krojen
02/29/24 5:51:18 PM
#36:


emblem-man posted...
Do you mean 5k per year?
For real numbers, I was quoted 11k per year on the Model Y by everyone except State Farm which was indeed 5k per year. Model S is more but so is the Y now.

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Torgo
02/29/24 5:53:19 PM
#37:


But but but - right wing idiots like Joe Rogan and Ben Shapiro keep telling me of the massive flight from leftist Hell-scapes like California and New York to Christian utopia paradises like Texas and Florida???

What gives?


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sfcalimari
02/29/24 8:06:05 PM
#38:


Krojen posted...
I pay 5k a month in car insurance

Krojen posted...
State Farm which was indeed 5k per year


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thronedfire2
02/29/24 8:07:27 PM
#39:


housing was cheap 10 years ago so a ton of people moved there

10 years later, everyone finds out why housing was so cheap

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Tyranthraxus
02/29/24 8:32:16 PM
#40:


thronedfire2 posted...
housing was cheap 10 years ago so a ton of people moved there

10 years later, everyone finds out why housing was so cheap
I remember 15 years ago visiting friends in Florida like "holy crap I can buy a condo on the beach for $90,000!!!"

Glad I never did that.

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DrizztLink
02/29/24 8:32:49 PM
#41:


thronedfire2 posted...
housing was cheap 10 years ago so a ton of people moved there

10 years later, everyone finds out why housing was so cheap
That's wildly unfair.

it wouldn't take nearly ten years

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Kradek
02/29/24 9:07:39 PM
#42:


LoZguy709 posted...
Any indication if this mainly motivated by political reasons or personal financial reasons like the real estate values depreciating where weather/climate issues are most concerning?

If the former, great and I hope they move to swing states. If the latter, I really wish we could force them to stay and live underwater.

The ability to live in FL is definitely fucked and has been for years, however as DeSantis has turned the state into a racist Christo-fascist shithole there have been people leaving to escape it and people moving there to embrace it.

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Notti
03/04/24 6:33:54 AM
#43:


Torgo posted...
But but but - right wing idiots like Joe Rogan and Ben Shapiro keep telling me of the massive flight from leftist Hell-scapes like California and New York to Christian utopia paradises like Texas and Florida???

What gives?

Freedum happened.

Free to die to hurricanes. And free to be wrecked by insurance companies.

So free.


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Krojen
03/05/24 1:10:16 AM
#44:


@sfcalimari
I pay 5k a month in car insurance

State Farm which was indeed 5k per year
If you could read, youd know those are 2 different statements about 2 different times with 2 different cars.

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BlueKat
03/05/24 1:23:45 AM
#45:


Krojen posted...
For real numbers, I was quoted 11k per year on the Model Y by everyone except State Farm which was indeed 5k per year. Model S is more but so is the Y now.
the fuck?

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apocalyptic_4
03/05/24 1:27:19 AM
#46:


Perfectly stable economy folks

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Krojen
03/05/24 1:35:38 AM
#47:


BlueKat posted...
the fuck?
Florida.

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FinalBraveNUT
03/05/24 1:57:02 AM
#48:


Krojen posted...
Model S, but my neighbor pays a similar rate on his Corolla.

In FL insurance is significantly higher than the cars payment and doubles every 6 months.

U spend 60k a year on car insurance?

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Zeeak4444
03/05/24 2:22:19 AM
#49:


Tyranthraxus posted...
I remember 15 years ago visiting friends in Florida like "holy crap I can buy a condo on the beach for $90,000!!!"

Glad I never did that.

funny thing about Florida, it was one of the main contributors to the 2008 crash. Floridas housing market hasnt seemed to learned any lessons.

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Krojen
03/05/24 2:25:07 AM
#50:


FinalBraveNUT posted...
U spend 60k a year on car insurance?
The official non rage exaggerated numbers are:

Model Y prob 7k-15k a year.

Model S is 10k-25k a year.

Theres a wide gap between companies depending on location.

Tesla will insure the car for about 2k a year, but suspiciously went silent about operating in FL when it was imminent 2 years ago.

Costco was 3k a year, then quit FL.

Neighbors Corolla is 5k a year. Cousins worthless 08 Civic is 3k a year.

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