What did Ian do to the Florida Real Estate Market?

[Anonymous]

Will prices drop because of the damage and insurance prices? Or will home prices soar because of a new shortage of homes?

Would you buy in Florida?

[Anonymous]

Nothing.

[Anonymous]

Anonymous wrote:Nothing.

This. Ian impacted a very small portion of Florida. We tend to think things are bigger than they are. If you lives in Fort Myers Beach -- quite bad but 10 miles away minimal impact. I would not expect anything as a result of the storms. It could be that all homeowner's insurance goes through the roof. That could impact a lot of people but no reason to think that this will not be dealt with by the state as it has before.

[Anonymous]

i wouldnt buy in sanibal island

[Anonymous]

Gonna be hard to get homeowners insurance

[Anonymous]

Climate change is not a thing in Florida. The governor fudges the death toll numbers and Federal tax dollars come in and it's all good.

[Anonymous]

You know the saying “land, they aren’t making any more of it”. Well Ian took away some land, so RE is even more valuable; supply and demand.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Nothing.

This. Ian impacted a very small portion of Florida. We tend to think things are bigger than they are. If you lives in Fort Myers Beach -- quite bad but 10 miles away minimal impact. I would not expect anything as a result of the storms. It could be that all homeowner's insurance goes through the roof. That could impact a lot of people but no reason to think that this will not be dealt with by the state as it has before.

That’s the thing about Florida — the only valuable land is RIGHT on the coast. 10 miles in you might as well be in Georgia, with crazy heat and humidity, roaches the size of kittens, and lackluster services.

If you have to drive and battle for parking at the beach, it isn’t going to be a big part of your life so why Florida?

[Anonymous]

Reduced supply. Increased demand.

[Anonymous]

I think insurance is going to be a factor across the state. Someone is going to have to pay the billions in claims. I do think the market will be affected.

[Anonymous]

Not much impact here in Central Florida. Prices were dropping before the hurricane. Some homes on or very near lakes had some flooding so buyers need to carefully inspect those. Prices are still falling and homes are still sitting on the market.

The bigger impacts are the stock market losses and rising interest rates.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Nothing.

This. Ian impacted a very small portion of Florida. We tend to think things are bigger than they are. If you lives in Fort Myers Beach -- quite bad but 10 miles away minimal impact. I would not expect anything as a result of the storms. It could be that all homeowner's insurance goes through the roof. That could impact a lot of people but no reason to think that this will not be dealt with by the state as it has before.

That’s the thing about Florida — the only valuable land is RIGHT on the coast. 10 miles in you might as well be in Georgia, with crazy heat and humidity, roaches the size of kittens, and lackluster services.

If you have to drive and battle for parking at the beach, it isn’t going to be a big part of your life so why Florida?

lol, sure jan

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Nothing.

This. Ian impacted a very small portion of Florida. We tend to think things are bigger than they are. If you lives in Fort Myers Beach -- quite bad but 10 miles away minimal impact. I would not expect anything as a result of the storms. It could be that all homeowner's insurance goes through the roof. That could impact a lot of people but no reason to think that this will not be dealt with by the state as it has before.

That’s the thing about Florida — the only valuable land is RIGHT on the coast. 10 miles in you might as well be in Georgia, with crazy heat and humidity, roaches the size of kittens, and lackluster services.

If you have to drive and battle for parking at the beach, it isn’t going to be a big part of your life so why Florida?

This isn't true.

[Anonymous]

Anonymous wrote:I think insurance is going to be a factor across the state. Someone is going to have to pay the billions in claims. I do think the market will be affected.

It does not really work that way. Increase next year does not compensate for this year. Each year is its own thing. Take say State Farm -- they keep some of their risk and see other risk to others. So while they could take a beating its not that bad. The investors whether reinsurance or others take a fair amount as well. Next year is its own thing but they will want a premium in case this happens again.

I think it likely that the State will take action to limit policy increases.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Nothing.

This. Ian impacted a very small portion of Florida. We tend to think things are bigger than they are. If you lives in Fort Myers Beach -- quite bad but 10 miles away minimal impact. I would not expect anything as a result of the storms. It could be that all homeowner's insurance goes through the roof. That could impact a lot of people but no reason to think that this will not be dealt with by the state as it has before.

That’s the thing about Florida — the only valuable land is RIGHT on the coast. 10 miles in you might as well be in Georgia, with crazy heat and humidity, roaches the size of kittens, and lackluster services.

If you have to drive and battle for parking at the beach, it isn’t going to be a big part of your life so why Florida?

This isn't true.

I hate the beach but I cannot fathom why anyone would live inland in FL if they had a choice.