Florida Residents Flee State as Insurance Premiums Skyrocket up to 900%

It's a good thing their Republican Leaders are working hard to help them with this issue.

Can we build a wall to prevent them crossing the border to America?

Sell their homes to who? Is this like a NFT, always a bigger fool, kind of thing?

They were laughing at Californians when it was happening to us (very very recently) thinking that it was the result of "liberal policymaking".

Well, how does it feel, Florida? Are you ready to put aside our differences and go after our real common enemy, the for-profit insurance industry and climate deniers? Because I promise you, this is only going to get worse unless we force them to change things.

It's interesting to me that insurance companies are becoming the chief drivers of the preparation for climate change: "Wanna build a house in the woods? On a sandbar? GTFO. Use your own money."

Whatever it takes to finally get people to realize that living in a disaster zone is a terrible idea.

Free market win?

It won't be long, and in Florida the cost for the mortgage will be neglectable in comparison to the costs of insurance.

The big downside will be that Floridians will move out of Florida and spread elsewhere. Maybe it is time for Georgia and Alabama to invest in a massive fence?

Insurance typically works off historical data to evaluate risk from my understanding, and having something as disastrous as the Miami beach condo collapse bodes a bad sign for insurance companies, especially given the terrible and absolutely incompetent rescue effort during the aftermath.

By the way, I'm shocked at how quickly the Miami condo collapse left the news cycle.

That's the free market meeting climate change. It will get worse.

People move to Florida for the same reason why people use to move to California. So you wonder when housing prices will absolutely soar. Also, lack of natural disaster preparedness is something that can't be ignored in Florida. Deregulation won't solve that problem.

lol @ all the people who fled the northeast because “Florida is cheap…”

Even the second place finisher of the Carolinas has gotten too expensive.

So much for DeathSantis utopia. Go back to Florida and don’t bring your Nazi politics to my state.

according to a SelfStorage

Lol, what?

Build the wall

Would be sick if we could pull a Looney Tunes and saw the fucking thing off from the rest of us. Let it float away and sink into the Atlantic.

This isn't just a Florida problem.

It’s Disney’s fault.

edit: honestly, do I really need to put a “/s” at the end of that?

Floridian here. My mom currently has Citizenship Insurance. Her rates will increase by about 11.5% by the end of the year.

What kind of insurance are we talking about here?

I have a close family member who's getting on the older side of things. They just sold their current home that has doubled in value since purchasing and with a super low interest rate. They used the proceeds from that sale to partially fund an empty parcel in FL and have a new home built for them there. They've drained most of their retirement fund to cover more of the costs and will still owe even after that...

I warned them that this was a reckless idea a year ago, specifically citing the insurance fiasco after hurricane Ian.

How do I tell someone I love so dearly that they're an idiot and "I told you so?"

Midwesterner here. Is this because of bad construction mixed with climate change causing stronger storms? I’ve been seeing much lower quality new construction up here and I’m curious if houses are just becoming total losses during storms instead of repairable.

They mention construction costs are partially to blame but I can’t believe that and shareholders are the only thing boosting it by that much.

Desantis!