Big Investors Leaving...

[Pragmaticus]

Originally Posted by PriusH8r

How can one find their specific BFE easily?

Here is a link that one can type an address and get a map with BFE. I am in AE. So, my BFE is used for insurance purposes and are calculated. My insurance premium will depend on BFE. If you are not in AE, I don't think you will have that number since by definition you are outside of the 1 in 100 flood risk zone.

https://msc.fema.gov/webapp/wcs/stor...0001&langId=-1

[The Villages Guy]

Originally Posted by MeInDenudinFL

Here is a link that one can type an address and get a map with BFE. I am in AE. So, my BFE is used for insurance purposes and are calculated. My insurance premium will depend on BFE. If you are not in AE, I don't think you will have that number since by definition you are outside of the 1 in 100 flood risk zone.

https://msc.fema.gov/webapp/wcs/stor...0001&langId=-1

Strange. Entering in my address and then it brings up non shaded squares, one of which my house is in. I click on it and it states the wrong subdivision.

[bentlebee]

Originally Posted by PriusH8r

Strange. Entering in my address and then it brings up non shaded squares, one of which my house is in. I click on it and it states the wrong subdivision.

I put in many addresses and al came up in the wrong sub division....very strange...looks liek the health care website!

I guess we need private companies to do things like this and not the government!

[Pragmaticus]

Originally Posted by bentlebee

I put in many addresses and al came up in the wrong sub division....very strange...looks liek the health care website!

I guess we need private companies to do things like this and not the government!

I know you don't like the word government but they were private contractors who screwed the site too.

[TampaKaren]

Originally Posted by DUNNDFRNT

Hillsborughs maps got updated sept 2013 you can check when yours are scheduled to be updated here
Flood Map Update Schedule | Flood Risks | Flood Insurance | FloodSmart

When you say 80% of people are not affected, thats is true but irrelevant, more than 80% of the people dont live in waterfront properties , most dont live in coastal areas, the implication of saying oh 80% of the people are not affected is that you shouldnt worry about it when in the tampa area that number is way larger. I agree with you the sky is not falling, but its a source of concern for many.

OK, I talked with Hillsborough County and got the scoop on flood maps. The 9/27/13 updates were only 4 panels in the Delaney Creek area (west of I-75 at Brandon Exit) and affected a total of 6 people. The existing maps from 2008 are still in effect and it's expected to remain the same until 2015-2016 when FEMA will review Watershed information again. So for now, no real changes in Hillsborough County (except those 6 noted above). Yay! Whew!

So going into 2015-16, anyone looking for flood zone designation in Hillsborough County can search by address at the following link --> GIS (Geographic Information Systems) - Hillsborough County, FL. I have no clue how to find out which subsidized communities are affected by the 25% rate increases (my next task).

To the 80% reference, I was quoting from the FEMA document...wasn't my words. But good point and well taken.

And to the OP's big investor subject, I saw another listing today where the public remarks say the investor is liquidating 227 properties. Not sure what to think. Could be a small investor but to me, that's pretty big. Or, I wouldn't (couldn't) handle that many without a reliable team.

[thession]

Originally Posted by TampaKaren

And to the OP's big investor subject, I saw another listing today where the public remarks say the investor is liquidating 227 properties. Not sure what to think. Could be a small investor but to me, that's pretty big. Or, I wouldn't (couldn't) handle that many without a reliable team.

Yep...That could be a game changer if others follow suit. I'm already experiencing investor's buying investors property.

[ntfeldman]

Originally Posted by PriusH8r

Prices have been doing great. I am confused about your statement, being in real estate yourself.

Tampa Bay home prices make highest year-over-year jump since housing boom | Tampa Bay Times

"Tampa Bay home prices last month made their highest year-over-year jump since the housing boom, soaring 27 percent over July 2012"


Tampa area median home price surges 23.1% over year

"Tampa area median home price surges 23.1% over year"


Tampa Bay housing sales, prices leap in July


"there’s no doubt that a tight supply of houses overall is causing some of the steepest price increases in years"


Home prices up 14.5% since January in Tampa Bay | wtsp.com

"Home prices up 14.5% since January in Tampa Bay"

Great links, thanks for sharing. My comments weren't comparing this year to last year. I was comparing this year to the peak of the market in Tampa, which was July 2006.

I am a broker in commercial/investment assets. I have interests in residential real estate on a national/macro level.

[The Villages Guy]

Originally Posted by ntfeldman

Great links, thanks for sharing. My comments weren't comparing this year to last year. I was comparing this year to the peak of the market in Tampa, which was July 2006.

I am a broker in commercial/investment assets. I have interests in residential real estate on a national/macro level.

That's the mistake a lot of people. They complain about the bubble buildup, yet then they compare now to the peak bubble and say we are way off. Which way is it for some people? Do they want unsustainable bubble building or do they want to get back to a normal and healthy market?

[TampaKaren]

Then why is Berkshire Hathaway up to 1000 offices? The big investors are in it to make money, nothing else.