Reply to What did Ian do to the Florida Real Estate Market?

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[quote=Anonymous]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. [/quote]

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