condo in Florida for decades. He said their insurance rates have tripled, their HOA goes up every year,
and every condo owner is being assessed for a roof that costs $500k. They were hit with a hurricane
two years straight. He said if you are a Democrat, you can't have a conversation with anyone without them
starting a political argument.

price on a 20 year roof.

You can't just sell to the wind. Someone has to buy.

So who is buying and why is the risk and cost acceptable to them?

Corporations? Real estate trusts? Speculators? Air bnb hosts?

That’s who’s moving there.

the Gulf and we don’t have even 1 condo for sale out of 111. Condo fee went up due to insurance but I couldn’t rent a 1 bed apartment for the cost of living in my condo. We are staying here. If a hurricane wipes it all away we will just get a mobile home. Our taxes are $1400/year!

My little house here in Montana…property taxes are $7K a year!

condo. Kept prop tax low. No State income Tax either.

But not by that much. Yes insurance company stipulated that to cover us we needed a new roof..
Ok that was a 8k assessment for me. Good for 20 years. Pool assessment? 100 bucks.
I've been here 5 years and my out of pocket for assessments have been about 10k. My townhome has gone UP about 100k in those 5 years if I wanted to sell right now.
The only time people leave my 300 unit town home/condo complex is mainly due to death.
It's a very nice well run place.
The only other place I would move to is Babcock Ranch just west of Ft Myers. Hit with hurricane Ian and very little to no damage. A well planned community with solar electricity production on site and well designed water drainage.. Homes built with maximum wind protection.
You run from the water and hide from the wind...
YMMV.
m

Insurance companies can arbitrarily decide you need a new roof after five years and who is going to stop them? They seem to be in the driver's seat now.

They don't CARE what the manufacturer says, they say 20 years or no insurance....
NO INSURANCE is the kicker. We looked for a new insurance company and the few we found were more expensive than our existing one and they ALL said get a new roof or no insurance so we stayed with our existing one.
The insurance company has you by the short hairs. Especially if you are on the water. We are in a good spot, 40 to 60 feet above sea level and 3 miles from the gulf as the crow flies..
My home in So Fla was 6 miles from the ocean and only 9 feet above sea level. After Hurricane Andrew State farm dropped me and left the home insurance market. I used the state sponsored insurance company, Citizens and every year it went up a few hundred bucks. My insurance was more expensive then the property tax. So for me It's still relatively inexpensive living in a townhome in west central Florida than owning a single family home in So Florida...
m

$450K tomorrow. Divide $89,700 by 26 years. Super cheap living. Could walk away and not lose.

We visited the nature area there a few years ago when we were visiting my MIL in Venice. I've looked at the senior housing there, too. If we were to move anywhere in Florida, it would be there.

I'm doing occasional Zillow Porn on my MIL's area, just to figure out what she would get if she sold her condo. There's tons of properties for sale.

After living thru a number of "near miss" hurricanes in South Florida I can tell you the aftermath can be a problem. No electricity means NO AC!! If the hurricane hits in Aug/Sept/Oct it's still hot as a pistol in Florida. Very uncomfortable to say the least. Now the food spoiled in your fridge and freezer, no electricity to power the gas pumps and the food stores closed and you get the picture.
New laws now state that gas stations have to have generators to power the pumps. I see food stores with huge generators next to the loading docks to power the stores in the event of no power.
If you are gonna live in a hurricane prone area a Babcock Ranch type of community is the way to go. Ft Myers got hit and Babcock ranch just 15-20 miles away got away with minor to minimal tree damage.
m

My MIL had power during Ian was that the Venice Police put in a substation right next to her little plan on Venice Blvd, and the city put the wires underground in her area. The NIMBYs sure complained about that substation, but it helped them out when a hurricane came through!

She did have a tree come down on her roof, and had to have the roof replaced. Of course, with those damn tile roofs that they mandate in Venice, it took forever to get the roof replaced. Then she had to have mold remediation done on her attic.

From what it sounds like, she might be looking to sell in the near future.

Take a look at property taxes in Texas. My mum is paying more for her 3BDR home in small town Redneckistan than my MIL pays for the 3BDR she recently bought in Sacramento that cost at least 3X what my Mum would get for her abode. The properties are pretty much similar in age, square footage, lot size, amenities, and type of neighbourhood (decidedly middle-class). Both own the properties outright.

And yet my mum is paying more to live in a piddling small town with little in the way of decent schools, restaurants, shopping, parks, public services and etc than my MIL is in a city with full access to great schools, restaurants, shopping, parks, public services, and etc that a person could want.

That includes school taxes and municipal utility taxes. Our homestead exemption is about 115K. All Texans got the increased homestead exemption last year of 100k for school taxes. And our taxes are frozen as spouse is over 65. So taxes are the least of our worries in Texas.

all her taxes are going to cops. [link:https://www.rollingstone.com/politics/politics-features/coffee-city-cop-scandal-1234821473/|

There's always someone willing to buy assets at distressed prices. When Wall Street firms and big banks started unloading their CDO's and other risky housing assets prior to the 2008 collapse, there were buyers who ended up with handfuls of shit when the music stopped. One of the reasons CDOs did a Wile E Coyote off a cliff imitation in 2007 when mortgage defaults went through the roof and anyone with a brain knew the party was over. Never underestimate investor stupidity.

Why not buy beachfront property, rent or AirBnB it and then when it's finally deemed uninhabitable, cash in on the government bail out and pocket any capital gains in the meantime?

whoever is buying must not care......

It is going to keep getting more expensive with the climate change they claim is a hoax.

If you are in a building, you pay the hoa or rent that covers the insurance.

If you own, your mortgage will require you maintain insurance.

The only way to really self insure is to outright own a property not under management. Then you can go uninsured. Foolish, but you could do it.

Damages are going to be more extreme & happen more often. Storms that took off a roof in the past will blow the whole structure down. Insurance companies are going to stop covering high risk areas. I think it's already happened in parts of CA due to risk of wild fire.

I find it humorous that Florida gets the bashing but other states are feeling it too.

Around 1k more for the same level of insurance. Ours went from 2400 to 3400.

Why would anyone live in Florida? It’s a shithole of right wing fascism.

If it weren't for the assholes, it would be a pretty nice place.

Austin can be very tolerable.

it is unbearably hot 6 months a year.

Some seem to like it. Same with Texas. I'd melt into a puddle in mid July. When I made business trips to Ft. Worth years ago, in the summer I couldn't imagine why people would actually WANT to live there. 6am and it's already 80 degrees. What the fuck?!!

they go from their air conditioned home to their air conditioned car to their air conditioned office. I grew up there. Their is not the Outdoor Life the commercials show. People are outside much more here in the North East than in Florida.

I live in Southern Cal, nice loop street that climbs up and down the hill. Very rare day that you drive out between 6 AM and 9 PM that you don’t see people walking the mile loop for exercise.

Long time residents actual got pissed when they put benches every five hundred yards. Told one neighbor, righty, who is out of shape, in 10 years you might be happy to have a bench to take a break. Since she would never use it, it went over her head.

Anyway, I go to other cities and only see people walking who are lower income.

except for the Keys and the beaches, I find it an ugly State. Flat and scruffy. I grew up there when it was nicer, and it was still ugly.

Beaches and keys, nice. The rest of the state, not so much.

I lived in Florida when I was young. Convinced me weather would not be the deciding factor, wherever I lived. Not important as other amenities, to me.

Residents get a homestead exemption on property tax.
m

Sure, they don't have the stultifying heat, but other than that, they have plenty about them that make them the equal or better of Florida in all other respects.

1988.

For prevention or remediation.

It is going to be up to the average person to pay the price for climate change.
There will be climate change migration.

For the first time just a few weeks ago, I read an article on state-to-state migration in the US. Risk for climate related events was listed by a number of people who were moving out of areas like FL & the southwest.

Not just climate change migration, but higher costs associated with severe weather events.
Increase in home insurance, etc.

They are not going to pay for climate change damage or try to stop it.

Even if from time to time they do some lip service to it, there is nothing serious going on.

They made money causing climate change and are now trying to figure out how to make
money off of it. And how to protect themselves.

As with everything else, the people are on their own.

is expensive,

So that will likely raise maintenance in most buildings. Then add insurance costs and it gets even more expensive.

I don’t know how buildings within a few miles of the coast are even insurable.

Full of generalizations. Lazy reporting imo. Lets look at other parts of Florida. We, personally, had a small increase this year despite being in an area with high claims recently. Very few for sales in our community either.

Insurance companies aren't in business to lose money on claims. You're going to pay for the risk one way or another. In a warming world, it's inevitable.

To get a mortgage you need insurance. The prices will continue to go up till the insurance companies leave ie the music stops.
Who will be stuck without a chair?.
Who will be stuck with a building and no insurance with the bank asking for the full price of said building...
m

the media will write a story about an Arizonan leaving the state, and it will be Arizona’s turn on the spit here.

Every state has positive and negative aspects. I also think everyone pays the same amount of money when all the bills are added up. It’s just the “boxes” are different. For example, one state might not have state tax but everything else will is more to make up for the missing revenue.

They'll just blame the usual suspects: Joe Biden and his weather machine, Jewish Space Lasers, Lizard People, Oprah Winfrey, godless homosexuals etc etc etc.

Governor DeShitBag will def blame LGBTQ and Wokeism.

I feel bad for any Democrats that are in a bind. The others can go F off. Sell at a loss already.

I'm not gonna lie. Too much election heartbreak from that Gov. DeShitStain swamp.

Coastal Florida is already doomed, because we've locked in several FEET of sea level rise in the next 50 yr. And every foot of sea level adds 5-10 ft of storm surge in a hurricane.

Smart people would flee the coast now, before it's too late. In a decade, we'll see a coastal real estate crash that will make the housing crash of 2007 look like a blip.

Images of Florida

https://thebaffler.com/latest/the-infinite-previous-hofmann






THE SOUTHERNMOST OF THE CONTINENTAL UNITED STATES, the so-called Lower Forty-eight. Where better shoot for space, publicly or now privately, than from the flattest and lowest and most unstable of them all, its highest point barely a hundred yards up in the soggy air? A plump peninsular dangle haunted by the promise of its physical (dis)appearance decades hence, or, the way things are going, sooner than that—shrunk to bone (it has no bone, there is no bone), hence merely atrophied and shortened to a carious stumpy shrivel or wizen, ending at maybe Orlando, all the rest taken back by the Atlantic and the Gulf. And presumably still impeccably gerrymandered. Well, easy come, easy go, as is not—but might as well be—the state’s motto (which, if you must know, is “In God We Trust”).

From the air, it is cities, bays, jungle, and mottling—what the booksellers call foxing—like a form of rot; a level scape of little mushrooms on blotting paper; a pointillist blotch; the dotting of millions or billions of lakes and ponds among the slabs of forest and field and just swampy spare ground waiting to appreciate; the round clumps of “tree islands,” sometimes called “hammocks” in the palmetto and vine scrub; sinkholes as much a possibility as mobile homes, like the holes in Swiss cheese, sinkholes popping up—popping down—in the porous limestone when the sand plugging them abruptly drains out of them. Gridded by highways meeting at infinity, and then the plops of the round ponds. Round and straight, round and straight, like so many noughts and crosses. Inadequate separation of earth and water, the world as if God had thrown in the towel after Day Two. (And when it teems with bouncing white rain, Day One.) Brown when wet, tan when dry, gray when grown over by the duopoly of pines and palms. Dark wiggling meanders (where is the gradient that would straighten them out or speed them up?), the color of tea from the amount of leaf matter swilled out of the sandy ground, and old white dead straight—no, not authors—roads, silver in the sun, made from sand or crushed shells.



Water is a constant—or rather, an inconstant—mystery, our own prairie that half the time is a lake (we think of it as something like Zola’s Le ventre de Paris, a frenzied frog-eat-frog mutual gourmandize among water-, earth-, and air-creatures); water filling up the underground limestone caverns and spilling out of them at great pressure and purity in the springs of the Santa Fe and the Suwanee (the rights to extract and bottle billions of gallons of it obtained for a pittance by Coca Cola and others), and disappearing to leave behind aridity, sand, and death. So flat, so soft, so rootless, so yielding, so accommodating to invasives and (some) incomers, the pet boa constrictor unspooling out of the toilet, the armadillo hoofing it up from Texas at the rate of a few yards a year, the Cuban migrant crawling ashore, wet-foot or dry-foot, the armed and dangerous jail-break making a beeline for us, the totemic beasts we are known for and are sentimentally pleased to slap on our license plates—the Florida panther, the manatee—imperiled and all-but-gone; a landscape formed by bulldozer as by butter knife from the flat, resistless, featureless plain; no hill, no rock, no soil, slash pines cleared into heaps and middens to make space for new condo developments, with natural or British-sounding or misspelt tony names (the flamingoes or magnolias that were driven away to make this), where an influx of disappointed new or hopeful old people can dwell in brief comfort in system-built high-rise among the low-rise, cheek by jowl with their cars.



We are perhaps used to thinking of the clash of nature and culture; in Florida, there is no culture, no landscape that leaves a stable record of the effects of human settlement. It is more garish, more conflictual than that, more primal or more modern. It is the clash of nature and money. Subtropical nature and hot money, at that, or at the very least, warm, humid, sweaty money. Pecunia maybe doesn’t olet, but it sudet. The waves of greed and panic, panic buying, panic selling, the land booms and real estate busts, remote ownership, in-your-face ownership; railway barons and cattle barons and trumpery barons; the South a more troubled, less idyllic, less familiar, less idealized version of the West, at best, it’s “go South, old man,” or “Florida and bust!” A less favored version of California, without the rich farmland of Central Valley or the corn of Hollywood or a swamp to call Silicon; a state where things somehow didn’t take as well or as dependably, second in cattle, second in oranges, Florida permanently prox. acc., (though for all our other curses, we don’t have earthquakes; they have the Big One, we have lots of Little Ones, not earthquakes, but all manner of other plagues and pestilences).

snip