More home sales are being dumped on the market in Southwest Florida creating a buyer's market.

[William769]

CAPE CORAL, Fla. —
A new report warns that Florida cities are at very high risk of a housing market crash or decline.

According to CoreLogic, those cities at risk of a crash include Tampa and West Palm Beach.

Lee and Collier counties have a growing number of homes being dumped onto the market for sale.

The housing market in Southwest Florida is saturated with homes for sale. It’s taking sellers months to sell and creating anxiety for many.

Mike Ruggles of Cape Coral has had his home listed for nearly 50 days and there are still no buyers.


https://www.gulfcoastnewsnow.com/article/swfl-homeowners-lower-home-prices-sell/64277088?lid=kyxqfaqt6fun

I live in North Fort Myers. They also forgot to mention yes, we are still recovering from IAN!

[ImNotGod]

1. Homes in Fla are becoming uninsurable do to climate change so it will only get worse. Many are coming to my state which

are driving the already high prices through the roof.

[William769]

2. What State is that if you don't mind me asking?

[ImNotGod]

3. Michigan. We are supposed to be a climate change oasis state. I read a while back that many of our new residents

are coming from Fla. Even old mobile homes on small lots that used to go for 20k 5 years ago are going for 100k, its getting ridiculous.

[William769]

4. Thank you, I have a Brother & Sister that live in Michigan.

They love it except for what they say is nine months of winter!

[ImNotGod]

5. Yes, the winters are way too long but the summers are so beautiful it almost makes up for it ;o) nt

[William769]

6. I remember our parents taking us their in the Summer time.

I loved Yates Cider Mill, Stony Creek & Pontiac Lake. Plus some other places I can't remember. Oh yes, got to love GreenField Village!

[democratsruletheday]

34. not even close.....life long Michigander

and it doesn't get cold until Nov. and starts to warm up in late March. That's typically a 4 month winter. We have 4 glorious seasons and don't want any Floridians bringing their special kinda stupid up here. Stay put.

[Demovictory9]

7. DeSantis acts like he created a paradise

[William769]

8. He has.

For his cronies.

[ananda]

35. Won't be much of a paradise if people leave.

Just a lot of ghost cities, I guess.

Easy to rule, though.

[DFW]

9. If I were to move back to North America

I don’t even know where I’d look.

Maybe Virginia/D.C. because my brother is still there. Maybe Massachusetts just to be near Boston and Cape Cod. Maybe New York City, because it’s New York City. But it’s not imminent, and at any rate, my wife doesn’t want to leave the Düsseldorf area, so here we are. If I retire some day, we’ll look at it all again, but I’m only 73, so it’s not for the immediate future.

[William769]

10. When my brother was in the Army in the late 80's early 90's

He loved living in Frankfurt, now he lives in Saint Clair Shores Mich. Any resemblence? Or I should ask have you been to Frankfurt? or Saint Clair Shores?

[DFW]

15. Well, Frankfurt is a safe bet.

My German-based daughter lives near there, and I frequently have brief work assignments there. It is also a convenient alternative (counter-intuitive, I know) airport for me in case flights from/to Düsseldorf are either not running, or poorly timed for my needs. Lufthans has figured out that it's environmentally bad to run big airliners for the 30 minute hop from Düsseldorf to Frankfurt, but immenseliy smart to "rent out" a contingent of seats on the hourly trains that leave from right under the Frankfurt airport to Düsseldorf, and they only take 90 minutes to get there. My daughter lives in Königstein, a very picturesque (almost touristy) town about half an hour outside of Frankfurt in the Taunus hills. The Frankfurt Airport is about halfway between downtown and where she lives, so she is never far from where she has to go. She is about a two hour drive from us, but it is treacherous in the winter, with a third of the way through narrow winding hilly roads that ice over, and the rest on houge stretches of Autobahn, where trucks from the formoer socialist countries will mash your car to an accordion if you aren't careful. Those places are loose with their work rules, and have single over-tired drivers making the run from Warsaw/Prague/Budapest/Bucharest/Sofia/Tirana etc to the ports of Rotterdam and/or Antwerp. They have to transit through Germany to get there, and they just fall asleep at the wheel.

Düsseldorf, being one of the two major "lower Rhein" twin cities (Köln is thr other), is known both for being a big financial center for the Ruhr Valley conglomerates, as well a big fashoin center and a big party town. It has stretches of cafés and small restaurants along the banks of the Rhein (Rheinpromenade) and they are adjacent to the old town with its narrow streets and old buildings. Bombing flattened them during the war, but after the war, the whole old town was faithfully rebuilt from photos, and they used as much old material as they could salvage--did a credible job, too.

As for Part 2, I have to confess my ignorance about the whole Great Lakes region. As it was part of my Dad's Washington "beat" when he was an active journalist stationed there, I should be careful about admitting that. His main paper was a one-horse town in upstate New York on the St. Lawrence Seaway, which meant he has to know ALL Senators, Congresspeople and Governors from the Great Lakes states very well. He was such a regular at the Canadian Embassy that he organized a weekly breakfast with the Canadian Ambassador and other DC jourlanists covering the region, and the group still bears his name. Former Ambassador Raymond Chrétien remains a friend of mine from those days. If you look at the list of important Americans from those states over the past 50 years, you get an idea why he knew everybody in DC. Proxmire from Wisconsin, Humührey and Mondale from Minnesota, Phil Hart and Gerry Ford from Michigan, Hugh Scott from Pennsylvania, and "take-yer-pick" from New York. But me? I rarely got up there, so Saint Clair Shores Michigan is someplace I know less about than Mahé and Praslin. I have to plead shameful ignorance there.

[William769]

17. Well thank you for the tour of that part of Germany.

I have to confess I haven't been to Michigan in Years but he loves it there. Not sure what this means but its a safe place to be to Downtown Detroit & he Detroit suburbs. Growing up our Grandfather on my mothers side was the General Manager of the Historic Leland Hotel (that's our connection to the City, plus my mother was born there).

[C_U_L8R]

29. NYC, if you can afford it, is awesome for seniors

Very accessible, tons of fascinating activities a subway ride away, many of them free. Community and resources everywhere. The snag is getting an apartment you can afford... but with that, it can be a wonderful place for a vibrant retirement. I couldn't imagine being cooped up in a boring Vilages or place like that.

[DFW]

31. I've put away enough to have a chance at finding a decent place

If no horrible disaster occurs, that is. My maternal grandfather was born there in 1894, and died there 102 years later. He grew up in poverty, got saved by his wit and some advertising agency realizing there was mutually beneficial relationship there somewhere. My other grandfather was from South Carolina, worked his way through college as a janitor, but also ended up in New York City on the State Supreme Court. Our elder daughter lives there now. After visiting my maternal grandfather every year, she declared, “some day I am going to live here!” And so she does.

My wife and I do some fun stuff but no luxury items or dwelling. As things stand now, I think we could handle the expense. We’re not looking for a penthouse on Central Park South.

[C_U_L8R]

33. And you don't need a big place there

The whole island is your backyard (and kitchen, library, media room, gym, etc).

I've always said that everyone should live in NYC at some point in their lives.
I was there almost 20 years and miss it all the time. Hope to return one day.

[SheltieLover]

11. I believe the whole market is going to crash

WSJ had an article a couple of weeks ago stating private equity firms dumped all their rental investments.

Hru feeling, William?

[William769]

13. I think it is too. :(

I hurt & can't sleep as you can tell. I promised to have my C-PAP on by 5:00am now I've moved it to 5:30am. I'm trying to get there but people keep coming into my room.

[SheltieLover]

16. I've got my mask on but can't sleep either

Sorry to hear you are in pain.

[William769]

18. Thank you SheltieLover

It comes & goes just like my time to get off DU. The Nurses are starting to get terse with me & my posting.

[SheltieLover]

32. What's it to the nurses?

Tell them you need your cyber hugs.

[William769]

12. I should also mention that when Ian hit, I took almost a 50% loss on that house, majority if that was principle.

Any loss on my new House would be detrimental, but this is where my life partner and I settled down & after he passed away, I just couldn't move.

[yardwork]

36. ....

[Tickle]

14. My Florida brother will be happy

with this. Floridians are not liking all the people moving in and all the farm land getting scooped up .

[mercuryblues]

19. I was there last week

I am stunned by the number of homes that have tarps still on their roof. It seems like the Governor doesn't give a shit.

[William769]

20. Agreed.

[no_hypocrisy]

21. IMO, if you buy a house in FL, even discounted, you had better have

the equivalent amount of its value ready to go. No FEMA and likely very limited protection from homeowners insurance.

[William769]

22. I couldn't agree more.

[MichMan]

23. Florida population had been increasing, not decreasing n/t

Gained 2% last year. Doesn't seem like people are fleeing in droves, but don't have any data from 2025 yet.

Sold my mother's home there last year. Had to compete with all the new ones being built, so that is a factor. Insurance rates are also playing a role, but they have been rising everywhere. California is also having that same issue.

[BoRaGard]

24. "Buy now. Don't trust the 'lib fibs' about climate change." - G.O.P., Inc.

"You know you can, um, 'trust' us. Heh, heh. Smirk." - G.O.P.

?s=1100&c=50&f=jpeg

[snowybirdie]

25. My neighbor

Upstairs has been on the market since October in Collier. No people looking he says even though his price continues to be reduced. Ian was bad enough, but Helene and Milton really drove buyers away even further

[FloridaBlues]

26. My house has been on market for 35 days. Buyers have pick of litter

If it’s priced too high like several years ago one will never sell. Hurricanes have people on edge and insurance. Keep fingers cross for me. . Plus a gut of new homes in area haven’t helped.

[Freddie]

27. Canadian snowbirds selling their condos?

Don’t blame them one bit.

[C_U_L8R]

28. No insurance. No FEMA. No climate control.

No thanks.

[Emile]

30. Insurance cost

and rising seas.