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Attention: If you own property in South Florida, you need to read this.

Friday, July 28th, 2006

Attention: If you own property in South Florida, you need to read this.

Unless you want to loose money, or you have reasons other than to make a profit.

We all must write letters to Tallahassee and request that the insurance regulations allow

Home owners to get policies that let us choose whether or not we want repair coverage or replacement coverage after a hurricane.

What is happening today is that all foreign investors are running away from Florida all because of the stupid Hurricane that we had last year. In reality these hurricanes caused some damage, but not so much! And just because of that a whole bunch of company’s ran away from Florida. We need for these companies’s to return to Florida.

I know so many people that lost 5 or 10 tiles from their roofs and yet they got a whole new roof. Well maybe they are happy, but they just caused all the rest of us honest people to get sky high insurance rate increases!

If we can get some laws passed that will allow them to write some slightly more limited policies, then more people will be able to move to Florida and our Real Estate Boom can continue.

Don’t be fooled by statements that higher interest rates are causing the real estate bubble.

It’s not! You can still get an affordable loan if you shop around and have good credit. The rates are not that high. It is the taxes and insurance that is really killing the market.

We need to stop it now! Or we will all loose money!

Posted in Real Estate | 14 Comments »

A solution to high homeowner insurance problems

Wednesday, July 26th, 2006

We have a problem, especially in South Florida where home owners insurance is become very expensive. The reason is a combination of several factors. Not only are we getting more tropical storms and hurricanes, we are also getting more cases of insurance fraud, which the big insurance companies cannot really prove. They also have poor planning as to what they do with all of the money we pay in premiums. I bet it is a lot more that they have to pay in claims. But here is an idea that if approved could help save certain homeowner lots of money. They should invent a type of policy that only pays for repairs and not replacement. This policy should be less expensive, but bank should still allow more frugal homeowners to use it. Second they need to reward homeowners like myself, who prepared well before the storm, so I had little damage and never filed any claims!

I know so many others that exaggerated their claims, only because they knew that the rates were going to go up anyway. I still think that is insurance fraud and they’re the people who should have to pay more. If Allstate can do the same for car insurance, why can’t the homeowner insurers do the same for good homeowners?

Posted in Real Estate | 5 Comments »

Are you looking for a New house is South Florida?

Thursday, June 29th, 2006

How about Homestead Florida?

New House for Rent Homestead is the second oldest city in South Florida. Yet ever since hurricane Andew hit in 1992, Homestead has been reborn. Especially in the last 5 years builders have been busy, because this is one of the last affordable and available land to build on in South Florida. It is also very close to Miami and also very close to the Keys. To help Homestead grow, a new state of the art hospital is being built. This is attracting lots of doctors, nurses and technicians into the new housing neighborhoods. Lots of new shopping centers are being built, and there are even paln to build a theme park in this area.

If you are looking to move to South Florida, you may want to visit Homestead. And if you want a place to stay you can contact me. I currently have a vacant new house available for rent. You can click here to see my listing with all of the features of this home and also some pictures.

http://miami.craigslist.org/apa/176336271.html.

Good luck. I see Homestead’s future and it is looking good!

Posted in Real Estate | 2 Comments »

More about the Real Estate market in Homestead Florida

Thursday, June 15th, 2006

I recently posted this same information on a yahoo newsgroup.

I hope I am right about this market, because I am also the owner of a new home down there. I could sell it right now for a small flip, or I can wait for the chickens to run and then hope for the best after the completion of the new hospital this fall.

So here is that article. I would like some opionions on this whole market. Real Estate in General! So please post comments. That is what blogging is all about!

If you are looking to buy an investment home in Miami, land is running out. They just voted again, not to extend the urban development line. So new homes supply is running low. But even so over 1000 people keep moving down here each month. So the good news is that new home prices are still rising. The rise is slower now, due to higher interest rates, but it is still happening. If you are looking to buy a Miami Beach condo, there is still opportunity to find some deals, and you will make money. Now if you are looking for a new single family home, you will not find too many, under 500 K, that is unless you look in Homestead. Homestead, Florida, had some trouble about 12 years ago after Hurricane Andrew, but now it is one of the fastest growing cities, it is close to South Miami, and at the same time, it is only 15 minutes away from the Florida Keys. The new Hospital is almost finished and several developers are already working on plans to build a new water theme park. And now the good news: you can still find new homes starting at about $350 K.

Posted in Real Estate | No Comments »