About the Content I post on
Florida is in the beginning of another Bubble burst as of the second half of 2022. With interest rates rising, out-of-control home prices going up, an insurance crisis in Florida, and a coming foreclosure wave about to hit, all of the factors will be coming together in 2022-2023. The links to the articles and videos that I am posting here are not articles that are guaranteed to materialize – there are too many factors that could twist or turn. But overall the ideas presented through the articles help to form a picture of a storm on the horizon with many of them coming true in the future to some degree.
On this site you will find links to articles that fall into any of the following categories:
- Real Estate in General
- Florida based Real Estate market
- Insurance crisis developing in Florida with rising rates and closures of carriers
- Property tax increases due to the jump in Real Estate values
- Rental rates that are hurting the ability for Floridians to find affordable living options
I hope that the links and resources I am providing to you help you in understanding what is happening and to prepare you for the next Real Estate correction about to occur in Florida.
About Rodney
Back in 2005 I was freshly divorced. We had sold our home – a 4/2 home in a nice Golf community for about $204k that today would easily sell in the high $400k price range. At the time I was happy and was looking for a new home to purchase as a single individual. We were then in a rising housing bubble with Real Estate being the new “Safe” investment tool after the losses from the Dot-Com bubble bursting in 2001/2002. But – At the time the prices were then jumping and I was in no hurry, so I waited and watched. I watched the furry of buyers afraid of a “Now or never” situation spending over 50% of their income on homes that were often not worth the payment. I shrugged and stayed in my apartment at the time – no rush and there was a convenience of portability.
Fast forward to 2008 and I was now a father of two – a single father which had occurred after the loss of a friend. I needed to then purchase, so I bought a modest townhome in a good community in my hometown close to friends and family. Over the next few years I watched the crash and friends losing equity and taking beatings in their homes. I purchased wisely and my home, though not growing in value, did not lose either. I learned and watched.
Now it is 2022 and I have been watching the current rise in housing prices for multiple reasons – some old, some new (Covid). I sold in 2019 and have been renting since and watching. Holding onto my proceeds from my home, and getting ready to bargain hunt in 2023.
2022 is now the coming of the NEXT housing bubble. On this site I am tracking information that I read and keep up on, and will post that information for other readers to help you make decisions in what to do.
Rodney is a writer and single father of two now-adult children living in the Tampa Bay area of Florida. His book writings focus primarily on the topics of Ham Radio and Emergency power planning, however he also written articles on other topics including RV Living and is a “Watcher” of the real estate market in Florida.
Hold on – Here we go again…