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Obviously woke insurance companies are to blame!

Doesn’t matter to me, they think I live in a third world communist hell hole so they won’t move where I live anyway. Never thought I would say this but… thank you Fox News!

Fucking Aquaman?

To landlords, who will charge arbitrarily high rent, secure in the knowledge that they aren't in a free market due to inelasticity of demand (people can't do without shelter) and supply (there are finite places to live). That will let them pay the insurance premiums homeowners can't afford.

Republicans who want to jerk off to DeSantis and let some racial slurs fly without social opprobrium.

That's who has been moving there since 2020 or so.

I'm sure DeSantis can fix this by just "fighting woke" more, right? /s

Insurers aren’t really to blame here. Florida is a fundamentally high-risk place to build and live now, and will continue to get worse for the foreseeable future due to climate change. Even a non-profit insurer would need to price Florida insurance at a premium, lest its funds be exhausted when the inevitable category-6 hurricane hits the state.

Arguably the ones most to blame (after the fossil fuel industry, for putting us in this position in the first place of course) is corrupt politicians and developers who allow such shoddy construction in the state in the first place.

Honestly I'm on team insurance in these cases. The US is filthy rich and we have tons of highly habitable land. Why are we wasting resources subsidizing some people choosing to live in comfortable, risky locations?

For those stuck in poverty: that does suck but I consider that an independent issue.

Free hand of the market is giving them an invisible bitchslap.

Soon they'll be "free" from insurance.

Since humans invented math and fossil fuels, this moment was inevitable. The writing has been on the wall in Florida for ten years.

I forgot the actual statistics, but it's something crazy. Like Florida constitutes 8% of the country's homeowners insurance policies, but 80% of all homeowners insurance litigation. Florida real estate is a ponzi scheme now.

They've got miles and miles and miles of roads in Florida lined with 10-million dollar, beachfront houses, all of which will sooner than later be buried under 25 ft of seaweed for the next thousand years. The question is who will be left holding the bag on all that risk?

I'm certain the Republicans in the Florida legislature will let the insurance companies off of the hook before too long here, and will leave working people holding a bunch of worthless real estate, just waiting for climate catastrophe to wipe everything away.

How many more years before all of Earth is a disaster zone?

I mean rebuilding houses in regions every 5-20 years was never gonna come out on top.

Negligible.

Iirc Florida passed some kind of law requiring coverage no matter where a structure is. And the only way the companies could make it work was massive premium increases because the places they're being forced to cover literally have to be rebuilt every year. This was after the federal government said it wouldn't offer disaster insurance on those zones anymore.

To be fair to Florida, that condo was built pre-Andrew and they revised their entire building code after Andrew. There aren't too many large building built pre-Andrew anymore because they were all built as cheap as possible to laundrr drug money.

That being said, there are a million reasons why i would never move to Florida, and the only building codes that can prevent your house getting inundated by flood surge is by putting it on stilts, so no shocker that the premiums are skyrocketing. Same with fire insurance in California right now.

Everywhere is expensive now. Sad reality.

You voted for it.. You get what you get, and you don't get upset.

It’s a storage unit company, so presumably they have their own moving service or often connect people with other moving services. They’d be able to see the trend

You don't need to saw it off, climate change should take care of it.