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In reply to the discussion: 'Everyone is selling': Florida condo owners feel crush of rising insurance costs [View all]paleotn
(18,064 posts)16. Speculators. Rental properties. Those with a fucked up measure of risk.
There's always someone willing to buy assets at distressed prices. When Wall Street firms and big banks started unloading their CDO's and other risky housing assets prior to the 2008 collapse, there were buyers who ended up with handfuls of shit when the music stopped. One of the reasons CDOs did a Wile E Coyote off a cliff imitation in 2007 when mortgage defaults went through the roof and anyone with a brain knew the party was over. Never underestimate investor stupidity.
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'Everyone is selling': Florida condo owners feel crush of rising insurance costs [View all]
BlueWaveNeverEnd
Apr 28
OP
yet DeSantis is proudly signing laws putting chaplains in public schools and banning books
BlueWaveNeverEnd
Apr 28
#2
Even Nazis can loose their shirt unless there's some strange money laundering angle.
paleotn
Apr 28
#17
Same here in West central Florida. relatively Cheap living where I'm at. Yes the insurance went up.
mitch96
Apr 28
#39
Some people are still betting on bail outs as well particularly when they don't face the risk themselves.
meadowlander
Apr 28
#62
We have our share here also.....but Austin, Houston, and San Antonio are pretty cool.
walkingman
Apr 28
#21
Florida is so beautiful. I lived there for six years. It's a travesty happening now.
Joinfortmill
Apr 28
#24
NO state tax, tourists pay for that perk. Also many benifits for retirees money wise.
mitch96
Apr 28
#40
Don't know if it's true but I heard that condo buildings must have enough money to do a 50 year project.
Renew Deal
Apr 28
#14