TooFarTampa
SoWal Insider
Ugh -- in addition to all the obvious reasons, we do NOT need a direct hit on South Florida by a Cat 3 hurricane. 
Paging Warren Buffett ...
Paging Warren Buffett ...Ike
- Thread starter SHELLY
- Start date
-
Trouble logging in? Send us a message with your username and/or email address for help.
Ugh -- in addition to all the obvious reasons, we do NOT need a direct hit on South Florida by a Cat 3 hurricane.
History may well repeat itself if Ike hits Miami:
-------------------------------------------------------------------------------------
The U.S. state of Florida's first real estate bubble burst in 1925, leaving behind entire new cities and the remains of failed development projects such as Isola di Lolando in north Biscayne Bay. The preceding land boom shaped Florida's future for decades and created entire new cities out of virgin swamp land that remain today. The story includes many parallels to the modern real estate boom, including the forces of outside speculators, hurricanes, easy credit access for buyers, and rapidly-appreciating property values.
By the 1920s, economic prosperity had set the conditions for a real estate bubble in Florida. Miami had an image as a tropical paradise and outside investors across the United States began taking an interest in Miami real estate. Due in part to the publicity talents of audacious developers like Carl G. Fisher of Miami Beach, famous for purchasing a huge lighted billboard in New York's Times Square proclaiming "It's June In Miami", property prices rose rapidly on speculation and a land and development boom ensued.
By January 1925, investors were beginning to read negative press about Florida investments. Forbes magazine warned that Florida land prices were based solely upon the expectation of finding a customer, not upon any reality of land value. New York bankers and the IRS both began to scrutinize the Florida real estate boom as a giant sham operation. Speculators intent on flipping properties at huge profits began to have a difficult time finding new buyers. The inevitable bursting of the real estate bubble had begun.
In October 1925, in an effort to improve Florida's clogged rail system, the railroad companies placed an embargo on all railway goods other than food, which further contributed to Florida's skyrocketing cost of living. New buyers failed to arrive, and the property price escalation that fueled the land boom stopped. The days of Miami properties being bought and sold at auction as many as ten times in one day were over. The first Florida real estate bubble had burst.
The next year brought the 1926 Miami Hurricane, which drove audacious Biscayne Bay develpoment projects such as Isola di Lolando into bankruptcy. The 1928 Okeechobee Hurricane and the Wall Street Crash of 1929 continued the catastrophic downward economic trend, and the Florida land boom was officially over as the Great Depression began.
Yes Obi Wan Hurricane Kanobi.
Ike Predictiion as of 5 AM Friday 9/5
The latest long-term tracks have Ike coming into the Gulf.
Right now the long term model has it following in Gustav's footsteps.
Here's where they (currently) think it will be next Friday (9/12).
The latest long-term tracks have Ike coming into the Gulf.
Right now the long term model has it following in Gustav's footsteps.
Here's where they (currently) think it will be next Friday (9/12).
The latest long-term tracks have Ike coming into the Gulf.
Right now the long term model has it following in Gustav's footsteps.
Here's where they (currently) think it will be next Friday (9/12).
Ike is definitely a disturbance in the force, or should I say, disturbing force, but I am not seeing Sowal as it's target for now.
Currently they are saying south of Miami on the peninsula but that is a shift slightly west from their guesstimates yesterday. After it hits near Miami on late Tuesday, they are saying it might go up the peninsula into Georgia but it's too early to tell. It is definitely another one to keep an eye on.
Go check out where NOAA is projecting it to go. This is not good at all. :shock:
http://www.nhc.noaa.gov/index.shtml
http://www.nhc.noaa.gov/index.shtml
TooFarTampa
SoWal Insider
Ike is definitely a disturbance in the force, or should I say, disturbing force, but I am not seeing Sowal as it's target for now.
Currently they are saying south of Miami on the peninsula but that is a shift slightly west from their guesstimates yesterday. After it hits near Miami on late Tuesday, they are saying it might go up the peninsula into Georgia but it's too early to tell. It is definitely another one to keep an eye on.
The latest composite projection makes it almost look like it's headed to Tampa. But the models are all over the place. This storm is goofy. I know you have other storms to worry about
but please post if you hear anything more definitive.
The latest guesstimate as of 11:57 est is that now they are saying it will go through the Keys and into the Gulf between Tuesday and Wednesday. It would be offshore of the Ft Myers area around 11am on Wednesday. The track is almost the exact same as NHC.