Real estate boom like the 1920's? (Miami, Okeechobee: real estate market, 2014, condos)

[ace587]

Miami’s condo euphoria treads a historically familiar trail. I hope tallrick is right. There's always that big hurricane that's going to hit us.

Miami

[oronzous]

is there a timeline of when all those unit will be available?

[perry335654]

Originally Posted by ace587

Miami’s condo euphoria treads a historically familiar trail. I hope tallrick is right. There's always that big hurricane that's going to hit us.

Miami

The Second Coming will be here one day also does that mean we stop building ? Did Miami stop building after Hurricane Andrew ?

[FlyMIA]

Yea I think the buildings are a tad better than they were in the 1920s..

[tallrick]

Remember "shear don't slaughter". All the "investors" in the market now are participating in a bubble. Someone is going to be holding the bag and if you work for a living it is you. They use free cash from the Fed, and the Fed has you on the hook if you are a taxpayer. They pump, then dump.

[hurricaneMan1992]

My guess is that if New Orleans can rebuild after Katrina and New Jersey/Long Island after Sandy, we would eventually rebuild whatever a hurricane would damage. Many of those cheap, ugly condos built in the 70's will be gutted and have to be torn down, and having those empty shells around will depress the real estate market for a while. But the complexes built after Wilma will suffer only minor damage.

Long term I'm much more worried about sea level rise and salt water intrusion into our water source than hurricanes. Eventually we're going to have to go to re-cycling water and desalinization like LA, which won't be cheap, though we can probably do some things with rainwater capture that LA can't do.

[perry335654]

Originally Posted by hurricaneMan1992

My guess is that if New Orleans can rebuild after Katrina and New Jersey/Long Island after Sandy, we would eventually rebuild whatever a hurricane would damage. Many of those cheap, ugly condos built in the 70's will be gutted and have to be torn down, and having those empty shells around will depress the real estate market for a while. But the complexes built after Wilma will suffer only minor damage.

Long term I'm much more worried about sea level rise and salt water intrusion into our water source than hurricanes. Eventually we're going to have to go to re-cycling water and desalinization like LA, which won't be cheap, though we can probably do some things with rainwater capture that LA can't do.

I agree with you here as Lake Okeechobee is their only source with a three-county monster to supply.

[tallrick]

It's kind of funny that the water you use in Miami flows under my septic tank and thousands of acres of cows before arriving into the overpriced drained swamp where real estate bubbles are born.