Nearly 20% of Florida Homes are vacant

Discussion in 'Current Events' started by senseless, Mar 22, 2011.

  1. senseless macrumors 68000

    senseless

    Joined:
    Apr 23, 2008
    Location:
    Pennsylvania, USA
    #1
    Tough road for the sunshine state:

    "Florida can't seem to catch a break these days, especially when it comes to its housing market. First, the news (or not-so-news, if you actually live there) broke that Florida had the highest rate of foreclosures of any state in the union during the last quarter of 2010. And now, in a striking example of it pouring when it rains - even in the Sunshine State, another stunningly bad real estate stat: Nearly 20% of the homes, all homes, in Florida are vacant. Vacant as in no one lives there. At all. When almost 1 in 5 homes in a state are vacant, it gives new, economically dismal meaning to the phrase "no one's home.""


    http://www.walletpop.com/2011/03/22/nearly-20-of-florida-homes-are-vacant-census-bureau-reveals/
     
  2. wordoflife macrumors 604

    wordoflife

    Joined:
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    #2
    My next door neighbor has owned his house for a while, and has been trying to lease it out for the last year or so, but everyone who goes in that house leaves within 3-5 months. Now its just getting foreclosed .
     
  3. YsoSerious macrumors 6502

    YsoSerious

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    #4
    Wow, depressing. Imagine the property values of the homes still occupied in a neighborhood where almost all the homes are vacant.
     
  4. rhett7660 macrumors G4

    rhett7660

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    Location:
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    #6
    Reminds me of Detroit, with one big exception. All the pictures etc I am seeing of Detroit, the homes are in utter dismay. Lots of run down, not livable housing. So far Florida hasn't been hit this way, for the most part. They do have some area's that are starting to show the weathering. Another area that has some pretty run down areas is Las Vegas.
     
  5. OneMike macrumors 603

    OneMike

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  6. GoCubsGo macrumors Nehalem

    GoCubsGo

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    Feb 19, 2005
    #8
    This is what you get for using the fantasy equity in your house as an ATM.
     
  7. rdowns macrumors Penryn

    rdowns

    Joined:
    Jul 11, 2003
    #9
    Speaking of Detroit…


     
  8. macquariumguy macrumors 6502a

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    Location:
    Sarasota FL
    #10
    I wonder it that 20% figure is from the summer or winter in Florida. The population of the county I live in goes up about 30% during Snowbird season.
     
  9. ucfgrad93 macrumors P6

    ucfgrad93

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    #11
    Sad, but unfortunately very true.
     
  10. Lord Blackadder macrumors G5

    Lord Blackadder

    Joined:
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    Location:
    Sod off
    #12
    They made their bed, now they have to sleep in it. Much of the housing construction in Florida is speculative anyway, so many of those vacant houses are probably new homes that have never been lived in.
     
  11. obeygiant macrumors 68040

    obeygiant

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    #13
    FWIW, not a whole lot of people live in "Detroit proper" anyway nor would they. Most of the action goes on in the surrounding suburbs and counties.
     
  12. foidulus macrumors 6502a

    Joined:
    Jan 15, 2007
    #14
    Retirees

    Florida is getting hit 2x as hard by the current recession IMO. A lot of Florida's real estate is geared towards retirees, but as the stock market plummeted(and a lot of people, esp. older people, panic sold), new retirees have a lot less money than they once thought. Add to that a bad job market, esp. for older people and what you end up with is a large number of people staying put who would have otherwise went south. That is driving the Florida housing market even further south.
     
  13. skunk macrumors G4

    skunk

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    Location:
    Republic of Ukistan
    #15
    Can it actually go any further South? :confused:
     
  14. GoCubsGo macrumors Nehalem

    GoCubsGo

    Joined:
    Feb 19, 2005
    #16
    This data is likely based on insurance information. A vacant home is truly vacant more than a certain percentage of the year. Vacation homes are listed accordingly.
    There is also the Chinese Drywall issue that hit Florida first and then eventually popped up in California. That was and still continues to be a nightmare. You cannot just rip off the drywall in most cases, you have to replace actual framing.
     
  15. iJohnHenry macrumors P6

    iJohnHenry

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    #17
    Not without getting wet, which is what they will probably be doing in the decades ahead.

    It is just an alluvial plain, after-all. ;)
     
  16. snberk103 macrumors 603

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    #18
    Technically, yes - Hawaii. :D

    (Trivial Pursuit question....)
     
  17. iJohnHenry macrumors P6

    iJohnHenry

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    #19
    Smart-ass Cannuk!!! :mad:

    (Feel the power. ) :D
     
  18. obeygiant macrumors 68040

    obeygiant

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    #20
    Ever consider living abroad? You may like it there.... well maybe not.
     
  19. iJohnHenry macrumors P6

    iJohnHenry

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    #21
    He will be, when the Gulf Stream changes.

    Then he will think he's Norwegian.
     
  20. combatcolin macrumors 68020

    combatcolin

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    Location:
    Northants, UK
    #22
    In the UK we have, and have had for a very long time a shortage of housing.

    You'd be amazed at how expensive UK are.
     
  21. dime21 macrumors 6502

    Joined:
    Dec 9, 2010
    #23
    Not all of these 20% are vacant. Between the squatters and the meth labs, I'd bet there's plenty of vacant homes that are occupied...
     
  22. macquariumguy macrumors 6502a

    Joined:
    Jan 7, 2002
    Location:
    Sarasota FL
    #24
    I know of a couple foreclosed homes where the former owners never moved out and the bank never came to see if the house was now empty.
     
  23. snberk103 macrumors 603

    Joined:
    Oct 22, 2007
    Location:
    An Island in the Salish Sea
    #25
    Now there's a business opportunity!

    A giant barge. Pick up houses in Florida, truck them to the barge. Move barge from Florida to the UK (with the Gulf Stream, you wouldn't need that big a tug) Put houses (now in the UK) on truck and move to new location. Voila! Cheap Houses.

    And before too many people scoff at this, check out this link for Nickel Brothers. I live in a part of the world where houses get moved all the time. And because so many communities have water access, they get moved by barge mostly. The expensive part is getting the house to the barge, and then from the barge to the lot. And by 'expensive' I mean - still a lot cheaper compared to the cost of building a house.
     

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