Home insurance in areas hit by repetitive disasters is going to be the number one housing affordability issue over the next 4 years. And possibly going into the midterms.
More so than interest rates. Florida in particular is going to have huge problems.
More so than interest rates. Florida in particular is going to have huge problems.
Comments
You all get to help pay for covering Florida beach houses if your company is also active in FL.
Harris was NOT one of them, she could not pour piss out of a boot with the instruction written on the heal.
She did allow 20 million illegals into the country though.
Let the fair market set the rates. They should be drastically higher than they are now.
MARK. I've been kinda stalking you since you haven't returned my calls. Got ONE Question.
When are you gonna give back that $20 dollars I loaned you in 1989?
Make it make sense.
(Sorry, that’s the best I can do.)
The pattern of betrayal is spreading to other states impacted by the #ClimateCrisis.
Like enclosing commonly held land & giving it to a few. Kicking everyone else off the land.
Creating a landlord class, a real estate market & a labor market.
Insuraance down here is absurd. I pay almost $6000 a year for a 3/2 house.
#RonDeSantis too busy addressing non existent “woke” threats to our lives to mention real Florida issues
That’s likely the plan.
People need to move inland. Sad but True.
I live right above New Orleans. It jumped quite a bit after Ida. I got 5 grand from my claim when a tree fell on my house and broke 6 beams in the roof.
Will ppl dig that climate crisis is not only a thing for central america, brazil, communist california or mid-southern africa and act accordingly?
Or will they develop tunnel view and carry on?
Also to beg for FEMA money privately while waging war against it publicly.
The price of insurance will drive them out.
Florida’s Gov is a complete failure.
There are certain areas that are more prone to natural disasters right now. If people choose to live there, their insurance costs go up or they are uninsurable. It’s basic economics.
Within cities and communities there are flood prone areas. There are regions more apt to be swept away in a hurricane. Let’s be realistic here.
Funny how that "rule" always seems to go out the window when it's a Red State.🤔🤷♂️
....if only I could develop a desire for wealth and far more than I could ever need.
This has already hit Texas. There are areas in suburban Texas that are only insurable by either ridiculous premiums or the State of Texas Fair plan. That's happening already.
Go on, ask yourself, when's the last time they solved any problem of the many ? Hell, when's the last time they even addressed such an issue ? They just don't !
Our insurance carrier of 20 years dropped us <60 days notice before expiration because we live within 1/2 mile of brush. Everyone in California lives within 1/2 mile of brush.
New plan premium increase 33% per year. Now almost $6,000.
My cousin has a 200,000 deductible at 20 grand per year. Not including wind or flood!!! Yikes!
Good luck. Many insurers won't cover it now.
https://www.nbcnews.com/news/amp/rcna177722
In IL, 7/23, 3 days of tornado warnings, a tree fell on my roof. Leaky roof replaced, SWEET!
That Nov, my UW emailed a google map pic of my property, said "remove every overhanging branch off the property or we drop you 01/01". Cost me over 5K. Punitive!
Lots of people who will want to come “home”
America's flaccid . . .
#PrintHomes #Architecture
https://builtin.com/articles/3d-printed-house
"Florida Gov. DeSantis signs bill that deletes climate change from state law"
https://www.npr.org/2024/05/17/1252012825/florida-gov-desantis-signs-bill-that-deletes-climate-change-from-state-law
I don't particularly want to pay billions every year bailing these people out or upping my insurance so they get to live in Florida.
F*ck Florida. 🤷
I'd be perfectly happy having a relocation fund to move folks 😆
My electric bill is really expensive in the summer, is it someone else's responsibility to subsidize my utilities?
p.s. I don't live in Florida
Long story short, if you don’t want to pay for someone else’s insurance, don’t have insurance. It’s a shared fund. Just how it works. Good luck changing that, but that’s a completely different conversation 😂
It's not that people can't afford insurance. It's that they can't afford the risk of FL.
Again ancient civilizations could do it.
But yes, home builders should build tossaway houses in risky areas!
The weather is always sunny!!
It's very possible to build to mitigate hurricanes. Taiwan, for example, largely laughs off multiple typhoons per year.
https://ncdp.columbia.edu/us-natural-hazards-index/#:~:text=The%20multiple%20hazard%20index%20represents,of%201%20to%205%2C%20respectively.
Glad you’re here on Bluesky Mr. Cuban!
Yet people continue to build and rebuild in these high hazard areas. State and local laws/regulations/zoning have not been revised in most places to address this. Nor do building codes require more resilient designs.
Racism & religion has always been there, but thankfully my parents & GPs (for most part) did not push or participate in this agenda & I escaped w/ an open mind & compassion. 1/2
will come to the rescue
When I bought my first fixer upper home in 1981 the interest rate was 16.75% for a 35k house mortgage was $500 a month with taxes. That is what I netted a week. The homes are a lot bigger now than my 1600 sq.ft. in 1981.