this post was submitted on 23 Aug 2024
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Housing Bubble 2: Return of the Ugly
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It’s Florida. People aren’t interested in paying huge sums to live in a Republican paradise that floods where you can’t get a mortgage because you can’t get home insurance.
The play is to buy the property with cash and be a landlord, renting to the people who work in Florida and can't buy a house. Florida probably has another 10 to 25 years before the beach fronts get submerged, which is a lot of rent money that will reimburse the buying price of the property.
When Florida finally loses to the sea, apply for government aid and get extra money as a lump sum for a property which has been paid for in full.