Hurricane Ian
10-15-2022 | 09:50 AM
#271
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Well a bit of luck has hit in Ft Myers...........last night's 494 million dollar Mega Millions jackpot had 2 winners, on in San Jose, CA and the other was Ft Myers, FL. Coincidentally both tickets were sold at 7/11s!
10-18-2022 | 11:26 PM
#273
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From: Lake Michigan to LOTO
Just unbelievable. So overwhelming....where do you even start cleaning up a mess of that magnitude???
Our friends have a place in Marco. Their condo was fine, but the parking garage flooded, and the place was almost burnt down by the fvcking Tesla that started on fire.
My neighbor here on the river in North Idaho just got back from a week long trip to check on his place on Marco, he’s more familiar with Ft Meyers Beach than I am. He said the surge at FMB was every bit of 12-15.
Marco got 8’. He had water in his garage but not the house.
Marco got 8’. He had water in his garage but not the house.
10-18-2022 | 11:38 PM
#275
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From: Lake Michigan to LOTO
Interesting.
https://www.wsj.com/articles/home-bu...an-11666047662
https://www.wsj.com/articles/home-bu...an-11666047662
Less than a month after Hurricane Ian caused widespread devastation to southwestern Florida, investors and other buyers are scouring for housing deals in a region where home prices have soared in recent years.
Demand remains strong from both locals and out-of-staters, according to residential real-estate agents in Naples, Fla., and other areas near the path of the Category 4 storm. They say they have received numerous inquiries from people still interested in relocating to the Sunshine State, or hoping to pick up distressed properties.
“It’s pretty much business as usual,” said Kelly Baldwin, an agent for Coldwell Banker in Longboat Key, Fla. “I haven’t had anyone reach out who wants to stop their home search.”
Demand remains strong from both locals and out-of-staters, according to residential real-estate agents in Naples, Fla., and other areas near the path of the Category 4 storm. They say they have received numerous inquiries from people still interested in relocating to the Sunshine State, or hoping to pick up distressed properties.
“It’s pretty much business as usual,” said Kelly Baldwin, an agent for Coldwell Banker in Longboat Key, Fla. “I haven’t had anyone reach out who wants to stop their home search.”
10-19-2022 | 05:25 AM
#276
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From: Murray Lake Lowell MI
Glad to hear some of that.
Even though my own moving to FL sounds awfully inviting (so I should be hoping for falling costs) I have not been enjoying see FL getting so much bad press from MSM.
Everything I see seems politically motivated trying to make FL look bad.
From weather, to economics, and anything possible; trying to make a good place look bad
SAD they way things are twisted and distorted.
Have been liking seeing the stories of speedy recovery, fixing up, and getting back to business.
Good luck to all effected
Even though my own moving to FL sounds awfully inviting (so I should be hoping for falling costs) I have not been enjoying see FL getting so much bad press from MSM.
Everything I see seems politically motivated trying to make FL look bad.
From weather, to economics, and anything possible; trying to make a good place look bad
SAD they way things are twisted and distorted.
Have been liking seeing the stories of speedy recovery, fixing up, and getting back to business.
Good luck to all effected
10-19-2022 | 07:35 AM
#277
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They keep showing a clip on the news (but not sure what town its from) and people have dumped the contents of their homes out at the curb. Houses look ok, but clearly they flooded and all this stuff is now on the curb. That clean up alone will be brutal for one city, each house would take 2-3 truck loads. In my neighborhood it might take one truck to clean up 4-6 blocks (open bed box type truck with a claw to pick up debris).
As far as "real estate deals' I can't see it happening unless buyers are paying cash. No bank will finance a damaged home and not sure you could get insurance on anything that is currently damaged. Even with undamaged properties I'd bet there are extra hoops to jump through to assure the bank/insurance companies they are not getting a damaged property. I'm not sure how you would even determine what is or isn't a deal. Last month it was listed for 1.5mm, house gets hammered and you are buying for "lot value" today. What is the value especially if the whole block looks like Beirut? Even if you "steal it for 400K" what's to say the lot next to it can't be bought for less? I think the realtors are trying to keep the hype going so they will have another paycheck in 2022.
10-19-2022 | 07:51 AM
#278
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https://www.realtor.com/realestatean...5_M69550-79632
This is clearly a teardown, asking 269K. Look at the pics, water was 1/2 way up the walls. House sold 12 years ago for 35K, No idea what a 1 acre lot is worth in that area but seeing how high the water got it would need a lot of fill to get the new house high enough not to flood. Notice the seller is open to financing the property for the buyer (knowing a bank won't).
This is clearly a teardown, asking 269K. Look at the pics, water was 1/2 way up the walls. House sold 12 years ago for 35K, No idea what a 1 acre lot is worth in that area but seeing how high the water got it would need a lot of fill to get the new house high enough not to flood. Notice the seller is open to financing the property for the buyer (knowing a bank won't).
10-19-2022 | 08:00 AM
#279
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https://www.realtor.com/realestatean...9_M52024-02345
1.5mm asking price?!?!? Not sure this was worth that BEFORE the hurricane. Zillow shows sales on that street below 1mm for undamaged homes last year.
1.5mm asking price?!?!? Not sure this was worth that BEFORE the hurricane. Zillow shows sales on that street below 1mm for undamaged homes last year.
10-19-2022 | 08:05 AM
#280
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From: naples,florida
The salvage and disposal of some of these large sunk boats and the ones that are a 100 yards into the mangroves will make a few underwriters think twice before taking on any new policies.
As of today there remains a moratorium on any new homeowners policies being written per my wifes insurance company. Her company deals with highend homes in Naples, the claims on cars alone are a couple hundred thousand per a household.
The mountains of household debris they are temporarily piling at nearby empty lots to accelerate the clearing of neighbor hood streets tells a big story.
As of today there remains a moratorium on any new homeowners policies being written per my wifes insurance company. Her company deals with highend homes in Naples, the claims on cars alone are a couple hundred thousand per a household.
The mountains of household debris they are temporarily piling at nearby empty lots to accelerate the clearing of neighbor hood streets tells a big story.
Last edited by tommymonza; 10-19-2022 at 08:11 AM.
