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To: ex-Texan

Gee, how many poential buyers in South Florida are saying, " Hmm,I wonder, after shelling out $600,000, whether my house will still be standing after the next hurricane."


3 posted on 05/14/2006 9:48:23 AM PDT by A message
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To: A message

I live in Pasco Central Florida and saw this coming because here the insurance rates have jumped through the roof. It's not hurricanes, it's sinkholes and aggressive attorneys who have found a candy store in the state insurance co, Citizens.

Citizens is so badly run that for years people are walking away with more than the value of their houses with the barest of proof. Now insurance rates have quadrupled and people are literally losing their homes and dumping them on the market because they cannot pay the homeowners. (In 3 years a jump from $600 to $4000 is typical.)

Lots of elderly on fixed incomes simply can't do it. If they've paid off, they are simply going without. Almost 25% of the houses in my area are naked in the storm, so to speak. A hurricane would be a financial disaster here.

My house has dropped almost 25% in value this year.


6 posted on 05/14/2006 10:00:32 AM PDT by I still care ("Remember... for it is the doom of men that they forget" - Merlin, from Excalibur)
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To: A message
Gee, how many poential buyers in South Florida are saying, " Hmm,I wonder, after shelling out $600,000, whether my house will still be standing after the next hurricane."

It seems that doesn't matter to them. Houses have been selling like mad down there.

15 posted on 05/14/2006 10:12:08 AM PDT by raybbr (You think it's bad now - wait till the anchor babies start to vote!!!)
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To: A message

there still fighting for homes in my part of so fl


16 posted on 05/14/2006 10:15:48 AM PDT by italianquaker (Democrats and media can't win elections at least they can win their phony polls.)
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