[dfwgator]

Florida is still hot. Of course most coming from the north are able to pay cash for their new home which helps them a lot.

One big hurricane and the collapse of the insurance industry will take care of that.

[napscoordinator]

Some are going without insurance. They have the money to rebuild if necessary. I’m not in the position and so far my homeowners went up 209 a year. Depends on the insurance company. I’m hoping USAA hangs in there.

[Starboard]

“One big hurricane and the collapse of the insurance industry will take care of that.”

**********

Fort Myers, FL suffered a big one (Ian) and the real estate market was surprisingly resilient. Lots of cash purchases still.

[V_TWIN]

I don’t know about collapse but after Ian several are pulling out of Florida. Farmers for one.

They said it was “necessary to effectively manage risk exposure”.....IOW they didn’t want to pay out any longer.

Funny how auto carriers aren’t dropping EV owners for the same reason.

Considering those things have the bad habit of bursting into flames for no apparent reason you’d think insurance companies would be tripping all over themselves to stop that bleeding.

[AAABEST]

One big hurricane and the collapse of the insurance industry will take care of that.

People keep saying stuff like this after hurricanes, housing crashes, red tide, insurance issues etc.

I actually wish it were true but the MFers just relentlessly KEEP COMING.