From: -hh <recscuba_google@huntzinger.com>
Newsgroups: alt.fan.rush-limbaugh,can.politics,alt.politics.trump,alt.politics.liberalism,alt.politics.democrats,alt.politics.usa.republican
Subject: Re: Nobody REALLY Cares
Date: Wed, 16 Apr 2025 17:42:57 -0500
Organization: A noiseless patient Spider
AlleyCat <katt@gmail.com> wrote:
>
> On Tue, 15 Apr 2025 07:26:40 -0400, -hh says...
>
> Travel from Canada
>
> Tourism Economics projects.
>
>> EU visits dropped by 10% just last month
>
> OK.
>
>> and real estate sales in FL are showing a major supply surplus and crashing of prices.
>
> What the hell do real estate prices have ANYTHING to do with tourism?
> We're talking about TOURISM.
A lot of tourism in FL is from âsnow birdsâ from up north, including
Canadians, who stay for 3-4 months. Thatâs a lot of restaurants and other
businesses being supported.
>> TL;DR: it?s 2008 all over again already in FL.
>
> Uhhh... no.
Well, a 30% drop in valuations isnât equal to 2008âs ~50% drop in values â¦
yet.
> I live in Florida.
>
> We are doing fine, no matter what your Yankee bullshit liberal soy-boy-driven
> websites say. Half of what they print is propaganda, meant to make present
> administrations, like Trump's and DeSantis' look bad.
Except it is not propaganda, but direct from FL property owners. For
today, my comment is from a fellow FL property owner who was actively
selling. After discussing the market with their realtor ~2 weeks ago on
the price drop shock (exact percentage was -33%), theyâve decided to
suspend their listing (for now) to not get inundated with new realtors
calling them, & hoping that things will be less bad in a year. For 2008âs
number that comes from a FL property that we had to sell promptly to settle
an Estate: first listing was $180K; sold finally at $99 .. and following it
afterwards on Zillow, it bottomed out at $60K before slowly crawling back
up. Looking at active listings today in the same development, oneâs been
for sale since 2023 .. started at $289K, now itâs at $180K (and still on
the market).
> People are feeling TO Texas and Florida... not leaving. Unless you count
> the illegal invaders.
Those are largely been retirees. For FL, thereâs been enough who have
regretted it such that thereâs now the slang terms of âhalfbackâ and
âquarterbackâ you may have heard of. Plus a more recent trend is to not go
to FL at all, but moving only ~100 miles to be out of the highest cost of
living areas, which keeps family within a daytrip drive.
> Good riddance.
To the viability your economy. And itâs just as climate change costs are
coming home to roost. Case in point, how much has your P&C insurance rates
increased since 2019? Post values. Because if your part of FL is anything
like my part of FL, theyâre now pushing to be 2% of the propertyâs market
value paid per year.
-hh