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Old 12-21-2006, 05:35 PM
 
2,141 posts, read 6,462,485 times
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Quote:
Originally Posted by sunrico90 View Post
The most expensive natural disaster in the United States up to 2006 in terms of insured losses is Hurricane Katrina that hit Florida and then devastated the Gulf Coast, which flooded New Orleans and sent a 28-foot high storm surge into Alabama and Mississippi.

The estimated cost of this hurricane is $45 billion. Before this Hurricane Andrew held the title since August 1992, which slammed into the Bahamas and Florida costing around $22.3 billion.
How much was a house in 1992 ? 60-100K
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Old 12-21-2006, 07:38 PM
 
Location: Orlando, FL - used to be nice, a dump now. Anyone speak English down here???
340 posts, read 353,762 times
Reputation: 77
Quote:
Originally Posted by tallrick View Post
Remember that when you "own" a condo all you have is a percentage of the value of the complex. If it is destroyed you have to rely on insurance to rebuild, you are powerless to do anything. In a home or non-condo townhome you can make repairs yourself if necessary, but in a condo that's simply not possible. The riskiest buildings have a wood roof. A fire or even a summer storm can damage the roof, rendering the building uninhabitable overnight. Many buildings suffer from neglect, electrical problems and plumbing troubles have caused whole buildings to be evacuated till repairs are done. In the meatime you are homeless and STILL have to pay your mortgage/taxes/maintenance. If you MUST buy a condo never, EVER buy in a building with a wood roof. Also be aware that oceanfront high rise buildings can develop structural weaknesses from corrosion that unless caught, could cause catastrophic failure in a hurricane. As for me I would never buy a condo, it's better to live in a shack on a lot you own.
I think Rick summarized everything about the condo crap. Condos are crap, if you leave a house somewhere else to live in an apartment (that is what a condo is, except you own it and are LIABLE for it), you will be miserable.

Hey, check out my new thread... one day driving around Orlando (Today, Thu 12-21-06).
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Old 12-21-2006, 10:56 PM
 
Location: central flo
14 posts, read 13,074 times
Reputation: 10
Quote:
Originally Posted by firemed View Post
How much was a house in 1992 ? 60-100K
I dunno, but I know that next hurricane season I will be way gone, i am leaving in jan.

Forget this place, it is not good anymore....
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