Reply to professors are leaving florida - and turning down job offers in florida

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Although Florida is the #1 most moved-to state now, it also has the highest inflation and most dramatic increases in home prices. Adding to that, insurance is significantly more expensive than in other states, and the recent tort reforms intended to make Florida friendlier to insurers hasn't really been tested. So I would speculate that lower-income professional jobs like professor might be dissuaded from putting down roots in an area they can barely afford. The politics is probably also a factor for many professors, but I doubt it's the whole story.  [/quote]

Even noted DeSantis fan Rupert Murdoch’s Wall Street Journal is hammering the homeowners insurance problem in Florida.[twitter]https://twitter.com/m3_melody/status/1714255145368768981?s=46&t=kf1qYlCXQnKgUhJWEIu2vg[/twitter][/quote]
There are insurance problems all over. We own a vacation home in New Orleans. We pay 12K a year for a house worth $450K in a non flood zone. A friend who purchased a $500K home there and was quoted 20K a year because it’s in a flood zone.  The median income of NO is $50K so the housing market is completely unaffordable to full time residents because of these wild insurance premiums. Many insurance companies have left the state and the situation is exactly the same as in FL but you don’t hear about it. In California it’s difficult to get car insurance and many insurers have left including big ones like Geico because the state won’t let them raise rates and they have a low mandatory insurance threshold. There is also a 14-30 day review period before a policy will be written. Unlike most other states you can’t just hop online and buy a policy the same day. [/quote]

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