Originally Posted by Alagator
Originally Posted by WeimsnKs
Maybe a good time to go down and look for investment properties. When the F5 tornado went through Joplin, you could buy the bare lots for pennies on the dollar.


You will have to outbid the big condo builders. After each catastrophic landfall, they rebuild with more condos and fewer single family units. In the past 50 years, post-hurricane development has transformed the Gulf Coast from a string of sleepy fishing villages into hundreds of miles of beach-front high rises. In the 1960s you could buy a 100 foot wide beachfront lot in Orange Beach Alabama for $10,000. Today that empty lot would set you back over $1 million. As a result, the working people can no longer afford to live anywhere near the beach.


And if you already own a lot there, and the condo or McMansion builders surround you, the property taxes will run you out. I lived at Wrightsville Beach, NC from the mid-50's to the mid-60's, before the boom hit. Personally know numerous families gave up their beach homes (primary residences) to move into Wilmington because property taxes got so high.

The biggest problem our country has is not systemic racism, it's systemic stupidity.