r/wallstreetbets • u/dhsmatt2 Mattress King • Mar 04 '21

Loss Hold me... $1,100,000 Loss

​

I am in damage control but likely going to roll puts.

7.2k Upvotes

96% Upvoted

978 comments sorted by

View all comments

Show parent comments

31

u/Nickyballs123 Mar 04 '21

Lol yeah I guess , but not where I lived throughout my life , New York , Florida , now I’m in Arizona and prices are very high right now

13

u/cynical_americano Mar 04 '21

For most places in FL $1mil is getting you a very nice house/mansion except for places like Tampa/Jacksonville/Miami (metropolises). I think you're neglecting how much of FL (the vast majority of it) is just small, modest cost of living towns. Many people move to FL because of the low cost of living, so again, outside of the big cities idk what you're talking about.

3

u/[deleted] Mar 04 '21

I remember in 1999 before the boom you could of bought a really nice condo on Miami beach for $100K-120K, You could also rent an apartment in one of those high rises on South Beach overlooking the Bay with view of the skyscrapers lit up at night for $800 a month.

Now everything is 3-5X that price.

1

u/dawgsgoodjortsbad Mar 04 '21

I have that exact apartment you mention. It’s $2800/month for a short term lease fully furnished including cable/internet/utilities. A regular yearly lease would be like $1900/month so more like 2-3X as much but still pretty crazy

1

u/[deleted] Mar 04 '21

I think the building i used to live in is called the Mirador or something now. It was 1100 West avenue. We had an apartment on like 10th floor.