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: Thu, 17 Apr 2025 13:40:44 -0500
Organization: A noiseless patient Spider
-hh <recscuba_google@huntzinger.com> wrote:
> 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
>
FYI, quick follow-up:
Goldman Sachs is now reporting that the USAâs tourism revenue loss will be
$90B just in 2025. Theyâve also stated that the only real DOGE saving is
just $11B. Thatâs a net loss of $79B and it is expected that Florida is
likely going to be one of the biggest economic losers.
Of course, there will be some in the cheap seats who will refuse to realize
that math like this is why Trump went bankrupt 6 times and persist in
believing that heâs a brilliant businessman (because thatâs what they saw
on a faked TV ârealityâ show).
-hh