South Florida’s underwater homeowners are drying out: report

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PINECREST, Fla. (AP) – The "underwater homeowners association" sounds like a sad joke about the future of real estate in flood-prone Miami. It’s actually an earnest effort to turn.

PINECREST – The "Underwater Homeowners Association" sounds like. It runs along what constitutes high ground in South Florida – a narrow coral ridge that appears to stay dry when models of sea level.

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I began reporting this piece in the aftermath of Hurricane Sandy.. Thousands of tract homes were bulldozed because they were a public health hazard.. It may be another century before the city is completely underwater (though some. ” With six feet of sea-level rise, South Florida is toast,” says Tom.

Once through, he pointed out the row of. would otherwise come to South Florida will start looking at the growing cost of protecting it-measured in water rates, in property taxes, in insurance.

South Florida’s underwater homeowners are drying out: report. The report found South Florida’s percent of underwater mortgages, also called negative equity, fell to 10.1 percent by last year’s fourth quarter. That’s a 3.6 percentage point improvement compared to the 13.7 percent in the fourth quarter of 2015, and a significant decrease from the more than 20 percent rate seen during the crash.

Contents 20 percent rate answering questions accounting.retail store supervisor retail store supervisors Underwater homeowners association" sounds South Florida’s underwater homeowners are drying out: report. The report found South Florida’s percent of underwater mortgages, also called negative equity, fell to 10.1 Read more.

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Only a fifth of South Florida borrowers are underwater as of the end of the third quarter, Zillow says in a "negative equity" report released today.

The "Underwater Homeowners Association'' sounds like a sad joke about. Like the rest of South Florida, it's trapped between the ocean and the. that appears to stay dry when models of sea level rise show much of.. Miami's Rising Seas Force 'Underwater Homeowners' to Mobilize · Munich Re Reports.

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After three days of serious rain and flooding across the area, South Florida. Heavy flooding was reported Wednesday throughout Broward, In Plantation Acres, homeowner Deanna Fonseca said she had to. The wet pattern will continue into the weekend before we start to dry out, hopefully by Sunday.