RIP Florida real estate
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Anonymous
You said nobody cares, which means to you that old people and military members aren't actually anybody. |
nobody cares, old people and military members will keep moving there because of no taxes.
Anonymous
+1 Florida has a wonderful Governor who kept schools open (only closed for 2 months) and the economy flowing during the pandemic. I wish I lived there in 2020-2021 instead of putting up with the DC City Council members who prioritized their political endorsements over the well-being of the citizens. |
Anonymous
What’s bad is that the rest of us have been subsidizing people to live in places that humans were not meant to live. We are now seeing the long term impact of such decisions. |
Anonymous
Or buy an insurance policy from a insurer that doesn't cover Florida. Erie didn't 15 years ago when I signed up for car and home insurance. |
Anonymous
Florida has a wonderful govenor? He's a psychopath. |
Anonymous
No taxes ... unless you consider insurance premiums a de facto tax. It's kind of like the single payer health care debate.... "It will raise my taxes!!!" protests the guy writing a huge health insurance premium check every month (or receiving less in pay because his employer pays for it). |
Anonymous
National health insurance in the wacky USA would be a horrible product. Then you would have to buy expensive private insurance to get the speed and quality we are used to. You pay twice as much . |
Anonymous
| You will encounter the same high insurance policies with your Rehoboth, Bethany, Dewey and Ocean City properties. |
Anonymous
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I understand that there will be real and serious consequences for people living in those condos on fixed incomes.
But that’s kind of par for the course for owning a condo or house, isn’t it? Costs go up, there are unexpected repairs, etc. |
Anonymous
It's bad for Floridians to actually pay for their own insurance instead of the rest of us? Why should we have to pay for them to rebuild their homes every few years while I struggle to maintain mine? F that. Don't like it, move. |
Anonymous
Yes, and that's wonderful. But not subsidized by the rest of us, especially after a disaster. Per a PP, FL should create it's own pool and let the premiums reflect that pool only. Same thing with taxes. |
Anonymous
Politicians are a dirty breed. The only thing to worry about is the impact of their policies. |
Anonymous
At some point, the cost of living there will exceed the benefit of no state taxes, at least for people who actually buy a house there. |
Anonymous
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The condo insurance issue is interesting. At state level the amount needed can be way less than mortgage companies may require.
And you can self insure. And only a $5,000 penalty if not in compliance. But it is required now |
Anonymous
It really only benefits those with high 7-figure estates and up. The middle class with pension income are getting driven out of Florida by high housing costs, property taxes, and insurance costs. I bet the legislature will end up removing the mandate on insurance for condos and let them self-insure all in the name of "freedom." This will buy them a couple more years until the next storm hits and DeSantis will leave it to someone else to clean up the disaster. This really isn't going to end well for lots of seniors in Florida on fixed incomes living in condos. |