any parts of broward county at all to remain single family? (Miami: mcmansion, work)

[triton1]

recently, I read a post that predicts Broward county's housing to be multistory instead of single family. I am wondering, aren't there going to be any neighborhoods that will remain single family, or is all of urban Broward county going to resemble Coruscant in the near future?

[FLANATIVE1]

I can't imagine them tearing down existing neighborhoods to build multi-family housing. I don't think they will do anything until they see how the market shapes out. Miami-Dade, Broward, and Palme Beach counties have seemed to get hit the hardest by the housing slump.

[macguy]

Originally Posted by FLANATIVE1

I can't imagine them tearing down existing neighborhoods to build multi-family housing. I don't think they will do anything until they see how the market shapes out. Miami-Dade, Broward, and Palme Beach counties have seemed to get hit the hardest by the housing slump.

They are doing it as we speak. I will get out with my camera and give you a look at the carnage. They don't care about the market they are right now putting in sewer systems in single neighborhoods as fast as they can so they can go multi family. They don't want any more single family houses that have SOH from the last few years when they can collect 10 or 20 times the taxes from the same building footprint.

They convert single family to multi family in a heart beat, all the builder has to do is apply. In the past it would have been almost impossible to get a permit to build a free standing garage. Now, want to build three stories, on a 60 x 100 lot, when can you start.

Todays paper
Broward sees another double-digit jump in property values, fueling tax worries: South Florida Sun-Sentinel

[belladee]

does that mean that developers will pay big money one day for my single family home ???

[macguy]

Originally Posted by belladee

does that mean that developers will pay big money one day for my single family home ???

They are doing it now. If they want the property say a nice corner lot, they pay top dollar. You don't need to go looking for a buyer if you have the right property. For the most part we are talking east of I-95 where you have easy access to the airport the downtown and performing art center and the beach just a couple of minutes away.

[chisoxfan]

There is a somewhat different dynamic at work in my neighborhood (far northern Fort Lauderdale bordering Pompano Beach, east of I-95). Not the multi-family trend, but a pronounced trend, nonetheless. It's a neighborhood, for the most part, of '60s-style ranch homes built on 75X100 lots (house sizes range from 1,400-2,400 square feet). Well, in several cases, builders have purchased two homes next to each other, torn them down, and have begun building "McMansion"-style homes on the newly created double lot. I pulled the pamphlet accompanying the for-sale sign on one of these homes -- asking price, $799,000. It will be interesting to see (a) if these homes sell anytime soon in the current depressed housing market, and (b) how much momentum this trend gains if/when market conditions improve.

[crystalblue]

id say you have a while b4 you have to worry about the whole county going vertical...

[FLANATIVE1]

I'm sorry but I think that is a bad idea. One of the major complaints about Florida is that it is too crowded. I think that if everybody in Broward is going to live right on top of each other, people will just opt for a different location say north in Palm Beach or south in Miami-Dade.

[macguy]

Originally Posted by FLANATIVE1

I'm sorry but I think that is a bad idea. One of the major complaints about Florida is that it is too crowded. I think that if everybody in Broward is going to live right on top of each other, people will just opt for a different location say north in Palm Beach or south in Miami-Dade.

There are only so many roads. It is even a mess on the intercostal on the weekends if you are trying to go boating. It is bad now, this has to become an impossible situation for the future residents.

Single family neighborhoods like I live in now have three and four cars parked in the driveways, lawns and swales. Not to mention our water problems that are not getting any better. As well as every system in the city, water lines, sewers, roads, is aging. This is going to look like Honk Kong at some point. It is bad now it can only get worse, WTF can they be thinking.