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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: redfish who wrote (23691)9/7/2004 1:48:38 PM
From: Don GreenRead Replies (1) | Respond to of 306849
 
Well Francis came ashore about 1 mile from my father's house and some rental properties I own in Stuart Florida. Amazingly these properties took very little damage. A few roof shingles and lots of trees and branches down. I was surprisingly able to talk to my father even as the eye passed overhead. AMEN!

This area had tons of new houses going up. The problem now is Jupiter Island one of the richest areas in America is right on the water and was likely creamed so finding a good contractor for repairs is going to be real hard.



To: redfish who wrote (23691)9/7/2004 2:33:25 PM
From: Don GreenRespond to of 306849
 
T/A for Ivan wwwa.accuweather.com



To: redfish who wrote (23691)9/7/2004 3:05:59 PM
From: Wyätt GwyönRead Replies (2) | Respond to of 306849
 
yeah, but one must admit this flurry of hurricanes does somewhat diminish the attractiveness of a place where there is a yearly risk of total housing destruction if not personal injury or death from bad weather, where insurers will be ready to jack up rates or leave the state, where it may be necessary once or even several times in one year to evacuate one's home or even the state. it seems Florida should be attractive to people who, in exchange for the natural beauty or whatever, are consciously willing to live with the harshness of nature and the attendant (at least potential) sacrifices, like Alaskans, as opposed to being a hotbed of real estate speculators and ridiculous prices and wanton development.



To: redfish who wrote (23691)9/7/2004 11:28:33 PM
From: Jim McMannisRead Replies (1) | Respond to of 306849
 
Well, I just went through the storm here in Jupiter. We were very lucky it wasn't a Cat 4 storm. OTOH, it pounded us for 2 days straight.

How will it affect RE values? I don't know yet, but I can tell you it was one heck of a panic situation. Half of the county still doesn't have power and gasoline is scarce.
Tomorrow it will be better.

Another one of these and it may well get people to think twice.

Jim