What did Ian do to the Florida Real Estate Market?

[Anonymous]

Anonymous wrote:The biggest impact on real estate in the area is that many of the less affluent owners of those small, older houses will not be able to afford to rebuild to modern hurricane code standards. When you look at the aerial photographs of the damage, it is striking to see the difference between the houses that were built post-Andrew vs. the "old Florida" houses that were completely destroyed.

I know someone who has a newer condo on Ft. Meyer's beach that had storm shutters and their unit is completely undamaged. The bottom floor of the building was flooded, but most of the modern buildings were built with that possibility in mind. I know someone who built a waterfront house in Mexico Beach that took a direct hit from Category 5 Hurricane Michael and the house survived, while all around the bare slabs of older houses. Houses will be built there, but they're going to be homes or condos that are built to modern code and flood insurance standards and will be correspondingly more expensive.

This. Thank you for understanding the impact of building codes. I have worked with FL on their codes and there is a drastic difference in homes that were built to the newer codes vs. not. Unfortunately, it does come at a cost. Many will try to rebuild without permits or with sub-par designs/materials.
The other unfortunate part is that flood insurance will only cover a portion of the damage and will max out at 250k. With construction costs what they are and adding in the increase that FL residents will see due to demand, it will be incredibly expensive to rebuild.
You will end up seeing more modular and manufactured homes. Manufactured homes, even newer ones, do not do well in flood and high wind environments.
It is a tough situation all around.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The biggest impact on real estate in the area is that many of the less affluent owners of those small, older houses will not be able to afford to rebuild to modern hurricane code standards. When you look at the aerial photographs of the damage, it is striking to see the difference between the houses that were built post-Andrew vs. the "old Florida" houses that were completely destroyed.

I know someone who has a newer condo on Ft. Meyer's beach that had storm shutters and their unit is completely undamaged. The bottom floor of the building was flooded, but most of the modern buildings were built with that possibility in mind. I know someone who built a waterfront house in Mexico Beach that took a direct hit from Category 5 Hurricane Michael and the house survived, while all around the bare slabs of older houses. Houses will be built there, but they're going to be homes or condos that are built to modern code and flood insurance standards and will be correspondingly more expensive.

This. Thank you for understanding the impact of building codes. I have worked with FL on their codes and there is a drastic difference in homes that were built to the newer codes vs. not. Unfortunately, it does come at a cost. Many will try to rebuild without permits or with sub-par designs/materials.
The other unfortunate part is that flood insurance will only cover a portion of the damage and will max out at 250k. With construction costs what they are and adding in the increase that FL residents will see due to demand, it will be incredibly expensive to rebuild.
You will end up seeing more modular and manufactured homes. Manufactured homes, even newer ones, do not do well in flood and high wind environments.
It is a tough situation all around.

And - in regards to the real estate market, once rebuilt, I expect prices to actually increase to make up for the increased costs to rebuild.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The biggest impact on real estate in the area is that many of the less affluent owners of those small, older houses will not be able to afford to rebuild to modern hurricane code standards. When you look at the aerial photographs of the damage, it is striking to see the difference between the houses that were built post-Andrew vs. the "old Florida" houses that were completely destroyed.

I know someone who has a newer condo on Ft. Meyer's beach that had storm shutters and their unit is completely undamaged. The bottom floor of the building was flooded, but most of the modern buildings were built with that possibility in mind. I know someone who built a waterfront house in Mexico Beach that took a direct hit from Category 5 Hurricane Michael and the house survived, while all around the bare slabs of older houses. Houses will be built there, but they're going to be homes or condos that are built to modern code and flood insurance standards and will be correspondingly more expensive.

This. Thank you for understanding the impact of building codes. I have worked with FL on their codes and there is a drastic difference in homes that were built to the newer codes vs. not. Unfortunately, it does come at a cost. Many will try to rebuild without permits or with sub-par designs/materials.
The other unfortunate part is that flood insurance will only cover a portion of the damage and will max out at 250k. With construction costs what they are and adding in the increase that FL residents will see due to demand, it will be incredibly expensive to rebuild.
You will end up seeing more modular and manufactured homes. Manufactured homes, even newer ones, do not do well in flood and high wind environments.
It is a tough situation all around.

And - in regards to the real estate market, once rebuilt, I expect prices to actually increase to make up for the increased costs to rebuild.

Most middle class won't be able to afford flood insurance. This is not the last hurricane hence people who want to live there have to take that chance. Rich people in Miami and West Palm Beach don't have to worry as if their 20 million mansion washes away they will go to their house in New York.
Most of the hard hit people were crying as they will be homeless (their mobile home cost $30k back in the day and they worked to live paycheck to paycheck). Hope FEMA helps who need it not give it to scammers like millions stolen due to COVID relief funds.
Again like CA, all rich people can only live on the coast.

[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 guess for Disney fanatics living in Celebration is nice, but that town has been punching above it’s weight in crazy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The biggest impact on real estate in the area is that many of the less affluent owners of those small, older houses will not be able to afford to rebuild to modern hurricane code standards. When you look at the aerial photographs of the damage, it is striking to see the difference between the houses that were built post-Andrew vs. the "old Florida" houses that were completely destroyed.

I know someone who has a newer condo on Ft. Meyer's beach that had storm shutters and their unit is completely undamaged. The bottom floor of the building was flooded, but most of the modern buildings were built with that possibility in mind. I know someone who built a waterfront house in Mexico Beach that took a direct hit from Category 5 Hurricane Michael and the house survived, while all around the bare slabs of older houses. Houses will be built there, but they're going to be homes or condos that are built to modern code and flood insurance standards and will be correspondingly more expensive.

This. Thank you for understanding the impact of building codes. I have worked with FL on their codes and there is a drastic difference in homes that were built to the newer codes vs. not. Unfortunately, it does come at a cost. Many will try to rebuild without permits or with sub-par designs/materials.
The other unfortunate part is that flood insurance will only cover a portion of the damage and will max out at 250k. With construction costs what they are and adding in the increase that FL residents will see due to demand, it will be incredibly expensive to rebuild.
You will end up seeing more modular and manufactured homes. Manufactured homes, even newer ones, do not do well in flood and high wind environments.
It is a tough situation all around.

And - in regards to the real estate market, once rebuilt, I expect prices to actually increase to make up for the increased costs to rebuild.

Most middle class won't be able to afford flood insurance. This is not the last hurricane hence people who want to live there have to take that chance. Rich people in Miami and West Palm Beach don't have to worry as if their 20 million mansion washes away they will go to their house in New York.
Most of the hard hit people were crying as they will be homeless (their mobile home cost $30k back in the day and they worked to live paycheck to paycheck). Hope FEMA helps who need it not give it to scammers like millions stolen due to COVID relief funds.
Again like CA, all rich people can only live on the coast.

Yes, people with multi-million dollar homes can rebuild, but it's still a hassle. Who wants to worry about cleaning up after a hurricane. No, you are not doing the work, but you have to deal with it. Also, the fact that it will take years before everything is pretty again is also a problem. Will you buy a house where half of the street is there and the other is not? Also, do you want to take a chance that after rebuilding another hurricane hits. Your house might be fine, but what about shopping areas, etc.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The biggest impact on real estate in the area is that many of the less affluent owners of those small, older houses will not be able to afford to rebuild to modern hurricane code standards. When you look at the aerial photographs of the damage, it is striking to see the difference between the houses that were built post-Andrew vs. the "old Florida" houses that were completely destroyed.

I know someone who has a newer condo on Ft. Meyer's beach that had storm shutters and their unit is completely undamaged. The bottom floor of the building was flooded, but most of the modern buildings were built with that possibility in mind. I know someone who built a waterfront house in Mexico Beach that took a direct hit from Category 5 Hurricane Michael and the house survived, while all around the bare slabs of older houses. Houses will be built there, but they're going to be homes or condos that are built to modern code and flood insurance standards and will be correspondingly more expensive.

This. Thank you for understanding the impact of building codes. I have worked with FL on their codes and there is a drastic difference in homes that were built to the newer codes vs. not. Unfortunately, it does come at a cost. Many will try to rebuild without permits or with sub-par designs/materials.
The other unfortunate part is that flood insurance will only cover a portion of the damage and will max out at 250k. With construction costs what they are and adding in the increase that FL residents will see due to demand, it will be incredibly expensive to rebuild.
You will end up seeing more modular and manufactured homes. Manufactured homes, even newer ones, do not do well in flood and high wind environments.
It is a tough situation all around.

And - in regards to the real estate market, once rebuilt, I expect prices to actually increase to make up for the increased costs to rebuild.

Most middle class won't be able to afford flood insurance. This is not the last hurricane hence people who want to live there have to take that chance. Rich people in Miami and West Palm Beach don't have to worry as if their 20 million mansion washes away they will go to their house in New York.
Most of the hard hit people were crying as they will be homeless (their mobile home cost $30k back in the day and they worked to live paycheck to paycheck). Hope FEMA helps who need it not give it to scammers like millions stolen due to COVID relief funds.
Again like CA, all rich people can only live on the coast.

Yes, people with multi-million dollar homes can rebuild, but it's still a hassle. Who wants to worry about cleaning up after a hurricane. No, you are not doing the work, but you have to deal with it. Also, the fact that it will take years before everything is pretty again is also a problem. Will you buy a house where half of the street is there and the other is not? Also, do you want to take a chance that after rebuilding another hurricane hits. Your house might be fine, but what about shopping areas, etc.

and restaurants and bars.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

You are correct that climate change has not affected the number or severity of hurricanes. Despite the NYT's attempt to manipulate the numbers by focusing on the numbers since 1980 (which was a lull), hurricane frequency and intensity are not increasing. The NOAA Director got pounded on for saying this the other day, but he is correct. (Not to mention that our ability to identify hurricanes has increased due to modern satellite technology.)

https://www.epa.gov/climate-indicators/climate-change-indicators-tropical-cyclone-activity

I think we've all now realized how the EPA can become politicized during Trump's admin.

The impact on hurricanes by global warming is not what you expect, but it does have an impact.

https://www.reuters.com/business/environment/how-climate-change-is-fueling-hurricanes-2022-09-20/

Yes, climate change is making hurricanes wetter, windier and altogether more intense. There is also evidence that it is causing storms to travel more slowly, meaning they can dump more water in one place

If it weren't for the oceans, the planet would be much hotter due to climate change. But in the last 40 years, the ocean has absorbed about 90% of the warming caused by heat-trapping greenhouse gas emissions. Much of this ocean heat is contained near the water's surface. This additional heat can fuel a storm's intensity and power stronger winds.

https://www.climate.gov/news-features/blogs/can-we-expect-atlantic-hurricanes-change-over-coming-century-due-global-warming

This bears repeating: global warming due to increasing greenhouse gases may lead to fewer hurricanes in the Atlantic, although their peak winds are expected to increase a few percent. The mechanism for fewer Atlantic tropical storms and hurricanes with climate warming in most model projections is not a fully settled issue in climate science.

so, while it's not settled theory, there is some concession that global warming will increase the strength of the winds though not the frequency of hurricanes.

So, in other words, some scientists have theorized that hurricanes *may* become stronger in the future, but there is not yet any scientific consensus this issue (much less data). Despite what the NYT and others try to claim. It is interesting that you try to blame Trump propaganda for actual data on EPA's web site (I guess the Biden Administration hasn't looked to see what's there?).

Well, they are intensifying faster.

+1 even ^PP's own EPA shows that:

According to the total annual ACE Index, cyclone intensity has risen noticeably over the past 20 years, and eight of the 10 most active years since 1950 have occurred since the mid-1990s (see Figure 2). Relatively high levels of cyclone activity were also seen during the 1950s and 1960s.
The PDI (see Figure 3) shows fluctuating cyclone intensity for most of the mid- to late 20th century, followed by a noticeable increase since 1995 (similar to the ACE Index). These trends are shown with associated variations in sea surface temperature in the tropical North Atlantic for comparison (see Figure 3).

This also matches with what I posted from climate.gov and reuters.

But yes, now we have to even question what the EPA says because Trump politicized not only the EPA but also NOAA, too. At least Biden isn't so free with his sharpie.

You do realize that Trump isn’t President anymore, right? And if you think Trump’s influence permeated below the very top leadership of EPA, you don’t know how federal agencies work. The NOAA Director who pointed this out is a Biden appointee.

It is quite misleading to refer to the last 20 years, because there was a lull in hurricane activity in the 80’s. The current level of activity is quite normal if you look back the last 100 years. Yes, there was a level of high activity in the 50’s, and just about every decade before that, back into the 19th century, when we started keeping records.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

You are correct that climate change has not affected the number or severity of hurricanes. Despite the NYT's attempt to manipulate the numbers by focusing on the numbers since 1980 (which was a lull), hurricane frequency and intensity are not increasing. The NOAA Director got pounded on for saying this the other day, but he is correct. (Not to mention that our ability to identify hurricanes has increased due to modern satellite technology.)

https://www.epa.gov/climate-indicators/climate-change-indicators-tropical-cyclone-activity

I think we've all now realized how the EPA can become politicized during Trump's admin.

The impact on hurricanes by global warming is not what you expect, but it does have an impact.

https://www.reuters.com/business/environment/how-climate-change-is-fueling-hurricanes-2022-09-20/

Yes, climate change is making hurricanes wetter, windier and altogether more intense. There is also evidence that it is causing storms to travel more slowly, meaning they can dump more water in one place

If it weren't for the oceans, the planet would be much hotter due to climate change. But in the last 40 years, the ocean has absorbed about 90% of the warming caused by heat-trapping greenhouse gas emissions. Much of this ocean heat is contained near the water's surface. This additional heat can fuel a storm's intensity and power stronger winds.

https://www.climate.gov/news-features/blogs/can-we-expect-atlantic-hurricanes-change-over-coming-century-due-global-warming

This bears repeating: global warming due to increasing greenhouse gases may lead to fewer hurricanes in the Atlantic, although their peak winds are expected to increase a few percent. The mechanism for fewer Atlantic tropical storms and hurricanes with climate warming in most model projections is not a fully settled issue in climate science.

so, while it's not settled theory, there is some concession that global warming will increase the strength of the winds though not the frequency of hurricanes.

So, in other words, some scientists have theorized that hurricanes *may* become stronger in the future, but there is not yet any scientific consensus this issue (much less data). Despite what the NYT and others try to claim. It is interesting that you try to blame Trump propaganda for actual data on EPA's web site (I guess the Biden Administration hasn't looked to see what's there?).

Well, they are intensifying faster.

+1 even ^PP's own EPA shows that:

According to the total annual ACE Index, cyclone intensity has risen noticeably over the past 20 years, and eight of the 10 most active years since 1950 have occurred since the mid-1990s (see Figure 2). Relatively high levels of cyclone activity were also seen during the 1950s and 1960s.
The PDI (see Figure 3) shows fluctuating cyclone intensity for most of the mid- to late 20th century, followed by a noticeable increase since 1995 (similar to the ACE Index). These trends are shown with associated variations in sea surface temperature in the tropical North Atlantic for comparison (see Figure 3).

This also matches with what I posted from climate.gov and reuters.

But yes, now we have to even question what the EPA says because Trump politicized not only the EPA but also NOAA, too. At least Biden isn't so free with his sharpie.

You do realize that Trump isn’t President anymore, right? And if you think Trump’s influence permeated below the very top leadership of EPA, you don’t know how federal agencies work. The NOAA Director who pointed this out is a Biden appointee.

It is quite misleading to refer to the last 20 years, because there was a lull in hurricane activity in the 80’s. The current level of activity is quite normal if you look back the last 100 years. Yes, there was a level of high activity in the 50’s, and just about every decade before that, back into the 19th century, when we started keeping records.

Did you forget what happened at NOAA when Trump was potus? Yes, he did manage to permeate his disease to mundane agencies like NOAA.

As all the articles have stated, they have seen an increase in the strength, not frequency of the hurricanes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Climate change makes hurricanes wetter. It’s the intensity and amount of rain that leaves the lasting damage.

It’s similar to forest fires. Climate change raises the temperature and when combined with low precipitation dries out all the vegetation for vast areas. This creates fuel for fires making them easier to start and increasing their intensity so they can’t be stopped.

Anonymous wrote:No poor forest management by White settlers is finally catching up with you.

Some of both, really.

A lot of CA forests are actually owned by the feds. The state owns a tiny fraction of the forests.

https://www.bbc.com/news/world-us-canada-46183690

In California state, the federal government owns nearly 58% of the 33 million acres of forest, according to the state governor's office. The state itself owns just three per cent, with the rest owned by private individuals or companies or Native American groups.

But, point taken about the settlers.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

You are correct that climate change has not affected the number or severity of hurricanes. Despite the NYT's attempt to manipulate the numbers by focusing on the numbers since 1980 (which was a lull), hurricane frequency and intensity are not increasing. The NOAA Director got pounded on for saying this the other day, but he is correct. (Not to mention that our ability to identify hurricanes has increased due to modern satellite technology.)

https://www.epa.gov/climate-indicators/climate-change-indicators-tropical-cyclone-activity

I think we've all now realized how the EPA can become politicized during Trump's admin.

The impact on hurricanes by global warming is not what you expect, but it does have an impact.

https://www.reuters.com/business/environment/how-climate-change-is-fueling-hurricanes-2022-09-20/

Yes, climate change is making hurricanes wetter, windier and altogether more intense. There is also evidence that it is causing storms to travel more slowly, meaning they can dump more water in one place

If it weren't for the oceans, the planet would be much hotter due to climate change. But in the last 40 years, the ocean has absorbed about 90% of the warming caused by heat-trapping greenhouse gas emissions. Much of this ocean heat is contained near the water's surface. This additional heat can fuel a storm's intensity and power stronger winds.

https://www.climate.gov/news-features/blogs/can-we-expect-atlantic-hurricanes-change-over-coming-century-due-global-warming

This bears repeating: global warming due to increasing greenhouse gases may lead to fewer hurricanes in the Atlantic, although their peak winds are expected to increase a few percent. The mechanism for fewer Atlantic tropical storms and hurricanes with climate warming in most model projections is not a fully settled issue in climate science.

so, while it's not settled theory, there is some concession that global warming will increase the strength of the winds though not the frequency of hurricanes.

So, in other words, some scientists have theorized that hurricanes *may* become stronger in the future, but there is not yet any scientific consensus this issue (much less data). Despite what the NYT and others try to claim. It is interesting that you try to blame Trump propaganda for actual data on EPA's web site (I guess the Biden Administration hasn't looked to see what's there?).

Well, they are intensifying faster.

+1 even ^PP's own EPA shows that:

According to the total annual ACE Index, cyclone intensity has risen noticeably over the past 20 years, and eight of the 10 most active years since 1950 have occurred since the mid-1990s (see Figure 2). Relatively high levels of cyclone activity were also seen during the 1950s and 1960s.
The PDI (see Figure 3) shows fluctuating cyclone intensity for most of the mid- to late 20th century, followed by a noticeable increase since 1995 (similar to the ACE Index). These trends are shown with associated variations in sea surface temperature in the tropical North Atlantic for comparison (see Figure 3).

This also matches with what I posted from climate.gov and reuters.

But yes, now we have to even question what the EPA says because Trump politicized not only the EPA but also NOAA, too. At least Biden isn't so free with his sharpie.

You do realize that Trump isn’t President anymore, right? And if you think Trump’s influence permeated below the very top leadership of EPA, you don’t know how federal agencies work. The NOAA Director who pointed this out is a Biden appointee.

It is quite misleading to refer to the last 20 years, because there was a lull in hurricane activity in the 80’s. The current level of activity is quite normal if you look back the last 100 years. Yes, there was a level of high activity in the 50’s, and just about every decade before that, back into the 19th century, when we started keeping records.

Did you forget what happened at NOAA when Trump was potus? Yes, he did manage to permeate his disease to mundane agencies like NOAA.

As all the articles have stated, they have seen an increase in the strength, not frequency of the hurricanes.

There is no data to support that.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

You are correct that climate change has not affected the number or severity of hurricanes. Despite the NYT's attempt to manipulate the numbers by focusing on the numbers since 1980 (which was a lull), hurricane frequency and intensity are not increasing. The NOAA Director got pounded on for saying this the other day, but he is correct. (Not to mention that our ability to identify hurricanes has increased due to modern satellite technology.)

https://www.epa.gov/climate-indicators/climate-change-indicators-tropical-cyclone-activity

I think we've all now realized how the EPA can become politicized during Trump's admin.

The impact on hurricanes by global warming is not what you expect, but it does have an impact.

https://www.reuters.com/business/environment/how-climate-change-is-fueling-hurricanes-2022-09-20/

Yes, climate change is making hurricanes wetter, windier and altogether more intense. There is also evidence that it is causing storms to travel more slowly, meaning they can dump more water in one place

If it weren't for the oceans, the planet would be much hotter due to climate change. But in the last 40 years, the ocean has absorbed about 90% of the warming caused by heat-trapping greenhouse gas emissions. Much of this ocean heat is contained near the water's surface. This additional heat can fuel a storm's intensity and power stronger winds.

https://www.climate.gov/news-features/blogs/can-we-expect-atlantic-hurricanes-change-over-coming-century-due-global-warming

This bears repeating: global warming due to increasing greenhouse gases may lead to fewer hurricanes in the Atlantic, although their peak winds are expected to increase a few percent. The mechanism for fewer Atlantic tropical storms and hurricanes with climate warming in most model projections is not a fully settled issue in climate science.

so, while it's not settled theory, there is some concession that global warming will increase the strength of the winds though not the frequency of hurricanes.

So, in other words, some scientists have theorized that hurricanes *may* become stronger in the future, but there is not yet any scientific consensus this issue (much less data). Despite what the NYT and others try to claim. It is interesting that you try to blame Trump propaganda for actual data on EPA's web site (I guess the Biden Administration hasn't looked to see what's there?).

Well, they are intensifying faster.

+1 even ^PP's own EPA shows that:

According to the total annual ACE Index, cyclone intensity has risen noticeably over the past 20 years, and eight of the 10 most active years since 1950 have occurred since the mid-1990s (see Figure 2). Relatively high levels of cyclone activity were also seen during the 1950s and 1960s.
The PDI (see Figure 3) shows fluctuating cyclone intensity for most of the mid- to late 20th century, followed by a noticeable increase since 1995 (similar to the ACE Index). These trends are shown with associated variations in sea surface temperature in the tropical North Atlantic for comparison (see Figure 3).

This also matches with what I posted from climate.gov and reuters.

But yes, now we have to even question what the EPA says because Trump politicized not only the EPA but also NOAA, too. At least Biden isn't so free with his sharpie.

You do realize that Trump isn’t President anymore, right? And if you think Trump’s influence permeated below the very top leadership of EPA, you don’t know how federal agencies work. The NOAA Director who pointed this out is a Biden appointee.

It is quite misleading to refer to the last 20 years, because there was a lull in hurricane activity in the 80’s. The current level of activity is quite normal if you look back the last 100 years. Yes, there was a level of high activity in the 50’s, and just about every decade before that, back into the 19th century, when we started keeping records.

Did you forget what happened at NOAA when Trump was potus? Yes, he did manage to permeate his disease to mundane agencies like NOAA.

As all the articles have stated, they have seen an increase in the strength, not frequency of the hurricanes.

And Biden wasn’t smart enough to put his own people in charge when he became President? Who knew?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The biggest impact on real estate in the area is that many of the less affluent owners of those small, older houses will not be able to afford to rebuild to modern hurricane code standards. When you look at the aerial photographs of the damage, it is striking to see the difference between the houses that were built post-Andrew vs. the "old Florida" houses that were completely destroyed.

I know someone who has a newer condo on Ft. Meyer's beach that had storm shutters and their unit is completely undamaged. The bottom floor of the building was flooded, but most of the modern buildings were built with that possibility in mind. I know someone who built a waterfront house in Mexico Beach that took a direct hit from Category 5 Hurricane Michael and the house survived, while all around the bare slabs of older houses. Houses will be built there, but they're going to be homes or condos that are built to modern code and flood insurance standards and will be correspondingly more expensive.

This. Thank you for understanding the impact of building codes. I have worked with FL on their codes and there is a drastic difference in homes that were built to the newer codes vs. not. Unfortunately, it does come at a cost. Many will try to rebuild without permits or with sub-par designs/materials.
The other unfortunate part is that flood insurance will only cover a portion of the damage and will max out at 250k. With construction costs what they are and adding in the increase that FL residents will see due to demand, it will be incredibly expensive to rebuild.
You will end up seeing more modular and manufactured homes. Manufactured homes, even newer ones, do not do well in flood and high wind environments.
It is a tough situation all around.

And - in regards to the real estate market, once rebuilt, I expect prices to actually increase to make up for the increased costs to rebuild.

Most middle class won't be able to afford flood insurance. This is not the last hurricane hence people who want to live there have to take that chance. Rich people in Miami and West Palm Beach don't have to worry as if their 20 million mansion washes away they will go to their house in New York.
Most of the hard hit people were crying as they will be homeless (their mobile home cost $30k back in the day and they worked to live paycheck to paycheck). Hope FEMA helps who need it not give it to scammers like millions stolen due to COVID relief funds.
Again like CA, all rich people can only live on the coast.

FEMA gives out low interest loans which are worthless if you are living paycheck to paycheck. Trailer Park residents get the worst of it because the asset that they own (the trailer) is destroyed and they don't own the land that it sits on. At least some middle class homeowners will be able to sell the land to developers