- Nov 8, 2013
- 733
- 460
You in Florida? I’ve been hearing that a lot about Florida peeps lately.
Home Buying & Real Estate Thread
- Thread in 'General' Thread starter Started by TYE_The Time Traveler,
- Start date
ghenges
Supporter
- Jul 18, 2003
- 7,235
- 1,861
Doing that right now. It's rough in Florida.
State Farm - nope, home too old
Progressive - nope, home too old
Farmers - nope, we don't cover your area
- Jun 22, 2018
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I got a place in Jersey like that. Still has an underground oil tank and only a couple insurance companies will touch it
sneakaprince
Supporter
- Apr 29, 2007
- 16,590
- 20,410
When I was shopping for my home owners insurance on my newest crib back in October my insurance agent was telling me "a lot of companies were gonna get wrecked by those hurricanes last year".
Florida is tough man. I hear quite a few people just straight up can't afford to insure their cribs (which is wild to me but, then again my homeowners insurance is typically well under 2K a year).
ghenges
I really do wish u the best fam.
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- Jun 22, 2018
- 5,267
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They had to pay out claims last year so they have to recoup the money this year. Sounds like the insurance companies needed insurance.When I was shopping for my home owners insurance on my newest crib back in October my insurance agent was telling me "a lot of companies were gonna get wrecked by those hurricanes last year".
Florida is tough man. I hear quite a few people just straight up can't afford to insure their cribs (which is wild to me but, then again my homeowners insurance is typically well under 2K a year).
- May 25, 2001
- 22,158
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269k condo, payment would probably be what like 2100 a month or so. HOA, $1100 a month. Foh.
- Feb 23, 2006
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They around. Just going to be small and/or older garden style joints. My friend sold her studio condo near Adam’s Morgan for under 300k. It was only like 400sqft though.
- May 25, 2001
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Nah I’m in Oklahoma City fam bam, and even at that price its not in the highly desirable part of town (those ones get over a milly). Amenities are kind of legit tho I assume they keep that indoor pool open year round but 1100 hoa is probably why so many of them are vacant/listed for sale
I was looking st this guy https://www.zillow.com/homedetails/...ssage&utm_medium=referral&utm_source=txtshare
2 parking spaces in the garage, indoor pool and outdoor pool, weight room and rec room, i think 24 hr doorman, and it covers some utilities. Floor to ceiling windows and 1700 sft I could let my daughters share the 2nd room. For 270 without the Hoas would be a steal, the downtown or best part of OkC imo is only like 10 minutes away really
Or this is in Deep Deuce (downtown, city center), no amenities just a s parking garage, newer but smaller and kind of blander, for almost the same price on the 2 and 2. I dont even know if this building has an elevator
https://www.zillow.com/homedetails/...ssage&utm_medium=referral&utm_source=txtshare
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cs02132
Supporter
- Nov 1, 2007
- 13,123
- 13,489
So you have to pay your mortgage monthly and then an extra 1100 to hoa ?? That’s wild
ghenges
Supporter
- Jul 18, 2003
- 7,235
- 1,861
When I was shopping for my home owners insurance on my newest crib back in October my insurance agent was telling me "a lot of companies were gonna get wrecked by those hurricanes last year".
Florida is tough man. I hear quite a few people just straight up can't afford to insure their cribs (which is wild to me but, then again my homeowners insurance is typically well under 2K a year).
Thanks bro. What's weird is that I don't even have a "high risk" house. Two companies said they only insure houses built after 2003 and 2005. Mine was built in 1997. My roof was replaced in 2017 due to Hurricane Irma so it is barely 6 years old. That insurance company dropped me right after that same year.
Premium went from $1800 to $2800 to now $4400 in about a 5 year span.
Florida has Citizens insurance which is ran by the government. They offer insurance to people who get rejected by private companies. They are going to give me a quote on Monday. There are a few other smaller companies I need to check out. I'll be alright even if I stick with who I have now but the market is nuts.
sneakaprince
Supporter
- Apr 29, 2007
- 16,590
- 20,410
It's dope that the government at least acknowledges this issue and has created an option for you guys. I'm hoping they offer reasonable rates.
Just try not to stress to much fam. I know that type of stuff can weigh heavy on a person.
- Mar 29, 2008
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An HOA that eventually goes up as well right?
- Mar 31, 2011
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My in-laws insurance in Florida just recently spiked too. Seems like it’s happening pretty frequently. My mom’s is probably going to jump soon also.
Sucks.
Sucks.
- Jan 19, 2002
- 23,425
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Stuff like this is what scares me into buying a place for air bnb purposes. It just feels at any point a city/county can implement overnight changes
beverlypress.com
WeHo Council takes stand against Airbnb - Beverly Press & Park Labrea News
The West Hollywood City Council voted on April 17 to not allow guest houses to be eligible for...
beverlypress.com
- May 27, 2017
- 20,218
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Love the simplicity of this
- Jan 19, 2002
- 23,425
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For those with air bnb’s in California. 15% tax to help the homeless
abc7.com
California lawmakers consider short-term rental tax to fund affordable housing
California lawmakers are considering a bill that would tax short-term rentals, like Airbnb and Vrbo, to fund affordable housing.
- May 25, 2001
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T minus 11 days until closing.
- Apr 5, 2012
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I got a letter in the mail some old lady wants to make an all cash offer on my place here in so cal. emailed her agent the show me the money lol
solewoman
Staff member
- Jul 27, 2006
- 19,666
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It’s giving wholesaler
- Apr 5, 2012
- 4,051
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i don’t know what that means lol
sneakaprince
Supporter
- Apr 29, 2007
- 16,590
- 20,410
She's going to offer you the lowest price possible in order to either flip your house for more, or sell it to another party for more. Wholesellers typically sell "the deal".
She's going to tell you she can take your house as is for X amount. It will almost always be lower than what you could get on the market but it will take far less work to get the deal done.
- Apr 5, 2012
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Got it thanks for the heads up.
sneakaprince
Supporter
- Apr 29, 2007
- 16,590
- 20,410
Of course #NT fam.
