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markodochartaigh

(3,568 posts)
20. On my street
Thu Jul 17, 2025, 11:41 AM
Jul 17

fifteen miles inland in Collier County the one house for sale sold in April after a year on the market to a Russian who is in management in tech. The two vacant lots sold in a few months to a Malayali and a Kannadiga, both in tech management. They are building a house on one lot right now.
The real estate prices, even inland, are far above what most local workers can pay, even for two earner households with no children. And insurance companies started fleeing the state several years ago because there was so much fraud, particularly roofing fraud. The hurricanes are only part of the story. Through Irma, Ian, and Milton the houses in my area had no damage and insurance companies are still cancelling policies after doubling premiums every year for three years.
Much of the local housing market is held by extremely wealthy people, many of whom made money in real estate, who are well-positioned to hold through the usual cycles. What will happen with the black swan events like loss of faith in the dollar, unavailability of cheap immigrant construction labor, and skyrocketing insurance rates is another matter, however these unavoidable events seem to be just now popping up on the radar for the conservative speculators.
It sure seems like Publix and Walmart are noticeably less crowded and there is less traffic on the streets.

Recommendations

10 members have recommended this reply (displayed in chronological order):

. dalton99a Jul 17 #1
A massive hurricane hitting Collier County (Naples and Marco Island) could make them rethink their loyalties. sop Jul 17 #2
But but but malaise Jul 17 #3
Then it must be. ananda Jul 17 #8
Must be the opposite malaise Jul 17 #9
Greatest economy for Trump perhaps PatSeg Jul 17 #12
We were in Maine last week (Camden, ME ) drray23 Jul 17 #4
effects of Trump's policies lindalou65 Jul 17 #15
We are actively looking for a house there. drray23 Jul 17 #19
Best of luck finding a house lindalou65 Jul 17 #23
When visiting Canada (Quebec) last summer, I heard Canadians talking about their trips to the US. Irish_Dem Jul 17 #27
Inflation stats had goods up 0.3, and services down 0.1 -- analysts said down bc of reduced accommodations / travel. .nt Bernardo de La Paz Jul 17 #5
I guarantee you it isn't just Canadians selling properties... A HERETIC I AM Jul 17 #6
Lots of reasons coastal properties are for sale and no one is buying AverageOldGuy Jul 17 #11
Try getting a mortgage w/o insurance in Florida Historic NY Jul 18 #30
I understand many European countries are warning Farmer-Rick Jul 17 #13
They want a crash not fooled Jul 17 #16
Tampa area... dsvajda Jul 17 #18
Impossible to build? TnDem Jul 18 #33
It's bad in Sarasota, too buzzycrumbhunger Jul 17 #26
Have you been to that area? TnDem Jul 18 #34
I had to drive cross state for a conference on the East coast buzzycrumbhunger Jul 18 #35
I think the next Democratic Presidential campaign slogan should be... Trueblue Texan Jul 17 #7
"Ha ha. Suckers." - Krasnov & Kronies (R) BoRaGard Jul 17 #10
Here's an archive link you could add to the OP if you want. BWdem4life Jul 17 #14
The fallout from Trump's melm00se Jul 17 #17
Well, to be honest Dan Jul 17 #22
On my street markodochartaigh Jul 17 #20
That's OK, it'll all get washed away again soon anyways in another storm JoseBalow Jul 17 #21
The magats I know in Fla won't care and they'll still vote for Mr Lardo. mdbl Jul 17 #24
I suspect LilElf70 Jul 17 #25
suck on it, Naples Skittles Jul 17 #28
My European friends said they wouldn't come because they worried about being stopped at immigration control. viva la Jul 17 #29
Better shut down that paper El Trumpo. twodogsbarking Jul 18 #31
Naples is a RW hotbed dedl67 Jul 18 #32
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