Real Estates Black Hole Miami Condos 2008 To 2010

[Pa(b)st Prime]

Quote from ElCubano:

35 miles from my watering hole...cmon homey ill introduce you to some latinas that would rock ur world..when are you going to take me up on my drink offer??

Let's at least exchange numbers. I'm sending you a PM. The past two months I've had so much shit on that I'm within 2 feet of the screen 24/7.

 

[otcstockfund]

get a room guys

 

[Cutten]

Quote from the gardner:

of course if a cat 5 hits or a 5.5.....220 mph winds

on a full moon

and during a high tide

and perhaps stalls a little as it makes landfall

it will be worse than new orleans....much worse

it will be the end of miami as we know it for our lifetimes

its comming

I've heard of talking your book but this really takes the cake

 

[thesecrettrader]

Quote from 1flyfisher:


The problem is people are greedy, cheap, stupid and especially impatient and want to get THE BEST price. It is a natural instinct and psychological mistake of traders/investors. You don't need the best price and you will 99% of the time never get it. It does not matter. You still get a great price with lower downside risk or exposure and dead money for a few pennies in the end.

That condo that was $500K looks good at $375K. Wait it may bottom at $275K and you can buy it at $300K on the upswing back to $500K. You can see right on this board people ready to make mistakes in RE by being impatient. It is one of the most common investor/trader mistakes.

I agree..the time to buy a condo in SoFlo is when almost absolutely NO ONE wants to buy one....then you should be at decent pricing levels. This is still probably one to two years away...be very patient. I want one in the Boca area myself, but I am going to let the economy $hit out first and then start tracking "sold" unit prices.

 

[Trader5287]

Any of you Miami boys see the reports at what Dean came in at?

:eek:


DEAN MADE LANDFALL ON THE EAST COAST OF THE YUCATAN PENINSULA NEAR
THE CRUISE SHIP PORT OF COSTA MAYA AROUND 0830 UTC

THE INTENSITY IS SET AT 145 KT.


THE 906 MB
CENTRAL PRESSURE IS THE NINTH LOWEST ON RECORD FOR AN ATLANTIC
BASIN HURRICANE...AND THE THIRD LOWEST AT LANDFALL BEHIND THE 1935
LABOR DAY HURRICANE IN THE FLORIDA KEYS AND HURRICANE GILBERT OF
1988 IN CANCUN MEXICO. DEAN IS ALSO THE FIRST CATEGORY FIVE
HURRICANE TO MAKE LANDFALL IN THE ATLANTIC BASIN SINCE ANDREW OF
1992.

 

[ElCubano]

Quote from Trader5287:

Any of you Miami boys see the reports at what Dean came in at?

:eek:


DEAN MADE LANDFALL ON THE EAST COAST OF THE YUCATAN PENINSULA NEAR
THE CRUISE SHIP PORT OF COSTA MAYA AROUND 0830 UTC

THE INTENSITY IS SET AT 145 KT.


THE 906 MB
CENTRAL PRESSURE IS THE NINTH LOWEST ON RECORD FOR AN ATLANTIC
BASIN HURRICANE...AND THE THIRD LOWEST AT LANDFALL BEHIND THE 1935
LABOR DAY HURRICANE IN THE FLORIDA KEYS AND HURRICANE GILBERT OF
1988 IN CANCUN MEXICO. DEAN IS ALSO THE FIRST CATEGORY FIVE
HURRICANE TO MAKE LANDFALL IN THE ATLANTIC BASIN SINCE ANDREW OF
1992.

it was packing gusts of 200mph winds sustained winds of 185mph...thats freaken insane when you have been though winds that are 100-150...

 

[AAAintheBeltway]

Quote from Pa(b)st Prime:

Not much. It's happened before. Albeit not since the 60's but then again the beach were heavily populated then too. SoFla is built on coral. A flooding tropical rain dries completely in 2 hours. Water won't be the problem. Just wind.

I'm no expert, but I think water would be a huge problem. The reason is that the storm surge is what knocks down buildings typically, not the wind. Of course, it wouldn't create the mess they had in NO where most of the town became a lake, but a wall of water carries impressive force.

 

[AAAintheBeltway]

Quote from ElCubano:

it was packing gusts of 200mph winds sustained winds of 185mph...thats freaken insane when you have been though winds that are 100-150...

That would be unimaginable. The thing about hurricanes is they go on for hours and hours. Just hearing 100 mph wind for a couple of hours makes you crazy.

 

[gnome]

Quote from AAAintheBeltway:

That would be unimaginable. The thing about hurricanes is they go on for hours and hours. Just hearing 100 mph wind for a couple of hours makes you crazy.

While in the military on Okinawa, I experienced 5 typhoons... the worst was "only" about 125 mph, but the storm held for 40 hours.

That place was expecting such storms, was prepared, and it still hosed virtually everything... no potable water for 2 weeks, besides all of the building and structure damage.

 

[ElCubano]

Quote from AAAintheBeltway:

I'm no expert, but I think water would be a huge problem. The reason is that the storm surge is what knocks down buildings typically, not the wind. Of course, it wouldn't create the mess they had in NO where most of the town became a lake, but a wall of water carries impressive force.

the surge bring in the water and if it doesnt reced as was the case in NO then you have massive destruction....and what brings down buildings and flips car upside down are the gusts of winds and a phenomena called wind bursts ( i dont knwo if that the name)....but in hurricane andrew the wind guage in the air force base got locked up when it came down and it was stuck at 220mph...it could have been a twister that came out of the hurricane or a wind burst...