RIP Florida real estate
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Anonymous
https://reddit.com/r/HOA/s/Ae6gQJ7NbB |
Anonymous
| Good lord. Well, if you choose to buy in Florida, you have to pay for it. |
Anonymous
| Your subject is totally and completely misleading. I was expecting to read something about the sudden decrease in FL home values. |
Anonymous
You must be new to the internet. How cute. |
Anonymous
Wind insurance is just one half of the insurance you need for a hurricane. Still need to pay separately for flood insurance policy. |
Anonymous
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Fascinating data:
Florida is the top insurance loss market in the country according to 2022 data. Insurers lost $67 billion, the largest number in the country, even eclipsing California. Also of note: Florida only has 22 million citizens, while California has 38 million (1.7x more people) On a per capita basis, Florida blows away all other jurisdictions. Because the losses are five times larger now when a disaster hits, and the disasters hit too often because no one except California gave a sh#t about climate change - twenty year events are now occurring every other Loss per capital: Florida - $3045. California - $1657. https://www.iii.org/publications/a-firm-foundation-how-insurance-supports-the-economy/a-50-state-commitment/incurred-losses-by-state |
Anonymous
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I get that the overwhelming sentiment on this board is to hate on Florida and on the political stuff I generally agree.
But this is bad. |
Anonymous
| Florida has been a bad insurance risk for decades. Even in the 1980s, the State of Florida was begging insurance brokers and companies to write business in the state. |
Anonymous
 nobody cares, old people and military members will keep moving there because of no taxes.
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Anonymous
If you are 50mi inland, you will not likely have flooding due to hurricane. All you’ll have is wind (and everybody in your city.) |
Anonymous
| All insurance companies should bail out of FL. They are driving up rates for the rest of us. The state can create their own insurance program and manage it themselves. |
Anonymous
| Snore. Haters have been saying nobody would stay in FL because X, Y and Z for a century. I can't wait to go! |
Anonymous
They are idiots. At least my taxes pay for services. These clowns are paying the equivalent “tax” in the form of insurance premiums….and have nothing to show for it. |
Anonymous
Except for a house and a state they want to live in. Isn’t that what you get? |
Anonymous
It lasts until the condo building falls down. Then there’s no house and no living. That’s what happens when you live to avoid regulation. |