Florida Home Price Crisis Causing Exodus

Gurl. Don’t make us download an app just to read about Florida’s expensiveness.

A friend of mine was just about to bid on a house (>$1M), and as part of the process, got a bid on insurance.

It was just about exactly ten times the rate of what he is paying now.

He's now looking in Arizona.

Insurance is becoming a problem in lots of places. (Yes, I know this is a Florida thread.)

Yep - any and all areas where the insurance companies see a rising risk of total home loss from flooding, fire, or windstorm.

So if you don’t want that, but you also hate the winter, but you also don’t want to live in a hot baked drought-prone oven, but you also don’t want to live surrounded by dumb backward poor people… your options are increasingly limited.

insurance in northern AZ around forested vacation destinations has also skyrocketed.

it's a fucking cesspool. why the fuck do people move there?

The entire Trumplandia condo market has cratered due to HOA fees soaring due to mandated structural reassesments requiring expensive postponed repairs.. Or no insurance.Mee Maw and Pa Paw spent all their SSI on Trump banners and sex loofahs so they can't afford to patch the roof. They have to sell at a loss if they can find a buyer.. Since their kids and grand kids don't want to take the nasty ole gits in, RV sales and trailer park lots rentals are soaring.Couldn't happen to a non nicer group of people.

Do not come crawling back to Broadway.

Go to Pennsylvania.

Insurance companies have decided to jack up prices just like every other industry. They're being complete pricks in California - taking drones over people's houses, finding 'organic matter' which they say is a fire hazard and then dropping people if they don't get it fixed or a new roof within 90 days.

I wish there was more research and transparency into all of this. Yes, we know there were major events and $$$ paid out but they are STILL profitable. I don't know why my car insurance went up 40% last year for no reason - they say because costs to fix cars have gone up, but they have NOT gone up 40%.

Feels like industry collusion, which is illegal. Yet you HAVE to have house and car insurance in most places. And the same goes for health insurance - which is also required.

We need oversight into these industries - it's too far gone now. For Florida? Mmmm....they live in a reclaimed swamp prone to hurricanes and flooding. It's overdue there.

Ahh, remember the whole “Everyone is moving out of blue states to Florida because of politics!”

It’s actually ALL about the money

Florida, where your life savings go to die.

A friend had annnual insurance for his condo priced at $28,000!!!

He said he would sock money away to self insure rather than pay that crazy price

Artificially low cost of living for decades. The condo assessment has them on the run. Some headed to Appalachia where they are being told directly to them faces, GO BACK WHUR YEW CUM FRUM.

Do Floridians in less disaster-prone zones realize they are subsidizing the flood risks?

R12 I would make a bet that’s actually pretty cheap from a mathematical perspective. The numbers are not sustainable at this rate. It’s a losing proposition. These companies are taking lower increases than they want to. They might need to double the premiums but even a 50% hike is gonna scare the crap out of people.

My insurance is $2019/year for 4 bedroom home in Vermont.

Anyone know if senior lesbian made it to Panama?

Housing inventory in Florida has ballooned because of higher mortgage rates, HOA fees and insurance. People aren't willing to bring their price down enough so properties are sitting on the market longer. My sister listed her condo a year ago at $495k with no takers. Slashed the price twice. Nothing. Took it off the market and re-listed it a few months ago at $375k and it sold. People who bought 2 years ago paid $500k for a similar condo in the same development. At least my sister bought in 2020 before the 3% mortgages jacked up house prices and people flooded the state to snap up the vacation home of their dreams. Now they're prisoners.

She just commented in another thread that she's in Florida.

I have no insurance on my place since I bought it with cash. Many FL home sales have been happening in cash for a number of years now for exactly that reason -- old people sell their homes up north and buy a home here for cash so they don't need insurance. In fact, many places up for sale here will only take cash.

I figure I don't have much to worry about since I can buy a used trailer nicer than mine for 20-30K and have it moved to my lot. But that's why I'm a "get off my lawn" kinda girl now, because if anyone gets hurt on my property, whoops! I'll be looking at a call from Morgan and Morgan, for the people.

[quote]Anyone know if senior lesbian made it to Panama?

I am still waiting on my Pensionado Visa, sadly. I applied Jan. 3rd, and they said 2-6 months. So it is now going on four months and I haven't heard anything. I contacted my lawyer, and received a curt WhatsApp text saying that they have no control over when the visa is processed. In theory, of course, I could move there at any time because I have my residency card. But my dog is still hanging in there, although she's had a bad couple of days. I imagine it won't be too much longer, and then I'll have that grief to deal with on top of everything else. But at least I won't have to worry about leaving her anymore.

And of course, since Trump already sent an uncertain number of troops (anyone know?) to Panama, I truly have my trepidations about moving there. I contacted my biker buddy about Costa Rica, but he hasn't been much help so far (his wife lives there as a citizen). I've been in a lot of pain for the past week (got a back tooth pulled) and haven't been able to get much done, but I plan to call the Panamanian consulate in Tampa tomorrow hoping they can tell me the status of my visa. I also need to get off my ass and get the same documents I got to go to Panama [italic]again[/italic] because most expire after 6 months. But it should be a much smoother process this time because at least I know what to do to get them. Then I'll be able to apply for a retirement visa somewhere else just-in-case -- perhaps Ecuador...? We'll see.

Thanks for thinking of me. And yes, I know -- get a blog.

Is senior lesbian different from Elder Lez or is “senior lesbian” her Panamanian name?

Where are we all supposed to move for retirement if the warmer states are Republican, getting expensive, natural disaster prone?

I visited Mexico recently but couldn’t imagine living there as I don’t know Spanish.

R20 Senior lesbian is not Elder Lez, both are cool.

SL-Oh wow, I forgot all about Dump's saber-rattling down at the Canal. his shenanigans are so numerous it's hard to keep track. I think it would give me pause too, as an American. There were some protests with signs picturing Hegseth as some kind of demon. God I hate the way we bully Central America every time a Repug is in power.

I don't have home insurance either. I hae enough savings for any major repairs and I'm sick to death of paying insurance on everything year after year that I never use. I live in California though.

wherever you go, there you is.

R20 - LOL - Senor Lesbian has a nice ring to it and would work well in Panama!

For the last few years everyone I know has been commenting about how much hotter/longer the summers are in FL than they used to be, and I concur. That's why my original plan was, after Kamala got elected, I was going to buy a trailer to drag with my little truck and spend the summers in rural Michigan. I even had a place picked out there! Oh, well.

I turned my air on today and I think it will probably be on now until late October/early November. So maybe for these folks, moving to states further north isn't a bad idea. But it's too hot in GA. Hell, parts of GA get hotter than it is in FL! Plus, GA has higher taxes than FL. So there's that.

Does Georgia have better services, roads, etc?

Elect a moron - Desantis- and you get what you deserve....BUT more importantly- teachers dont have to say gay!!!

The. new census comes in 5 years. Maybe they’ll lose a seat in Congress.

Rent-seeking culture eating itself again. Everyone has to gouge everyone else as much as possible all the time, and INCREASINGLY SO over time, or else they're doing capitalism wrong. Nothing is ever enough.

move to texas!

FL has nice beaches but they have sinkholes, hurricanes, among other things already listed in this thread.

So many people I know moved there just last year from NY.

Insurance is highly regulated, particularly P&C. Insurers may have leeway for shadiness in their claims practices, but not in setting rates which must be approved by the state.

Higher rates are no scam. They are a combination of so many things - the acceleration of climate change, poor zoning practices and poor building practices to name a few. IOW, we build shitty structures on coasts and flood plains and deserts that are being battered by "once in a generation" hail storms, floods, hurricanes, heat waves and wildfires multiple times a year.

Higher rates aren't a scam. The chickens are coming home to roost for all our poor choices.

No, dude. I need like a six hundred percent return on my investment, or else!

Sorry...they have to stay there forever.

Anyone stupid enough to move there, deserves what they get.

The market collapse is well underway. Lots of sellers/investors need to come to terms with the new reality before the buyers start coming back.

The people I knew moved to west palm beach, they are rich...don't think they gonna worry about anything.

R30 - Texas has hurricanes, tornadoes, floods, and the most vile bunch of politicians in the US.

You can't be serious. And the people are obnoxious AF - so many make Texas their identity with a pride nobody understands outside of the Texas state borders.

Texas has hurricanes and a governor who shamelessly plays politics. Don't move here if you can help it.

You’re better off hanging on by your financial fingernails in California than living anywhere else right now. There are many things I don’t love about California (we have a lot of MAGATS, too) but it’s almost the only game in town if you want a progressive (state) government.

R38 You got that right. I was born in San Francisco (don't call it Frisco) grew up in what became silicon valley when it was apricot orchards. Even though I had to leave the bay area to buy a house, I'd never live anywhere else in the current environment. If we can just keep the place from burning down, all seems to breathe freedom and peace here....

R38 and R39, what is Sacramento like? I live on the east coast and cannot afford much of California, and I have never been there, I have read good things about Sacramento and it intrigues me.

The person that said Florida is too hot during the summer is correct. The heat is disgusting, the people moving there are often alt right ppl that get in everyone’s face at grocery stores. In rural areas people are getting run out of town via harassment. Moving to rural areas is cheaper but one gets what they pay for. A work acquaintance had a roof inspection and he was required to pay for the repair to keep insurance. The insurance companies are doing the math and prices reflect the risk of living there.

Parts of Flori-DUH should depopulate and be turned back into swamps. 50+ years of real estate scams and overdevelopment. They deserve whatever comes their way.

That heat and humidity just saps your energy

[quote]It’s almost the only game in town if you want a progressive (state) government

Well, this isn't really true - Washington, Oregon and Hawaii are at least as progressive as California, along with Massachusetts, Vermont, etc.

Do you know the word “almost,” r44?

And Washington, Oregon, and parts of Vermont are pretty MAGATy.

R44 Well yes, but who can afford Hawaii, Oregonians are rude and provincial except possibly for Portland and Washington is wetter than water except for the interior which is a frying pan and full of irradiated MAGAs.

And Mass and Vermont have shitty weather....

But isn't the cost of living, housing prices, rents and taxes in NY among the highest in the country OP

R38 - I'm so there with you. I hate how expensive California is - but for my own mental health (sunshine, laid back people) and THIS administration? Nowhere else feels safe like California does.

Isn't the traffic a nightmare in CA?

R40 I've never lived in Sacramento but I live 90 miles north so I know valley heat. To be honest Sacramento intimidates me as it's become so sprawling I get lost when having to go there for services that my backwater town doesn't have. I like it though. A few years ago we rented an airbnb downtown and walking distance to the new Sacramento KIng's arena and it was really lovely. You're close to the mountains and a little under two hours to San Francisco.

The reason I didn't buy there is because I really wanted a pool but Sacto was unaffordable due to the 3% mortgage spree. Everybody and their dog was fleeing SF to get a bigger house in the valley during Covid.

Best news evah!

[quote]And Washington, Oregon, and parts of Vermont are pretty MAGATy.

I believe it was Oregon that legalized marijuana before California? and has legalized psilocybins? Wasn't it Oregon (and then Washington) that approved assisted suicide before California? How about universal vote-by-mail? And Oregon has been far ahead of California on zoning reform.

The Pacific Northwest isn't perfect but it's a little absurd for Californians to think they have a monopoly on progressive values.

Almost all states have their MAGA areas. New York above Westchester county is mostly Trump territory outside of the cities. Non-coastal CA can be redder than Alabama. Oregon is liberal in the west and rightwing in the east. So is Washington state.

Even MA has many areas that are Trumpian. 79 cities in the state voted for Trump, More so, even in most liberal Vermont, one country voted for Trump over Harris.

[quote] The Pacific Northwest isn't perfect but it's a little absurd for Californians to think they have a monopoly on progressive values.

Hey, we said YES to science!!!

R53 - that's true - but Oregon and WA state only have 2 real cities and pretty undesirable weather. The rest of Oregon and WA is reddish and maga.

The weather is depressing 9 months out of the year - I don't need that added on to the stress of living in this administration and this economy. And the people are cold.

I have a love-hate relationship with Florida. I hate it for all the obvious reasons—politics, snakes, weird bugs, nutty people, but I’ve never not had a blast in Florida. I don’t understand why anyone would buy a home there—almost impossible to get insurance, have to evacuated a couple times a year, etc. better to rent and have flexibility to get the hell out when you want.

I have read good things about Sacramento and it intrigues me. ??!

Fresno ain't so bad, except for the grapes.

Fresno now is what Sacramento was 40 years ago…with dumber people and a higher heat index.

I live in IL, and was about to mention the other blue states on the map at r54. But don’t get me wrong, if I was young again, I would move to CA in a heartbeat, it’s my favorite state by far for countless reasons. CA is better than any place else because of policy AND the variety of climates available. It is a truly remarkable place.

R61 - I moved to California from Chicago in my mid 40s - never regretted it for a second. The thought has seriously never crossed my mind.

Florida is over as a retirement destination. I think North and South Carolina will be the next hot spots

California would be a fantastic place to retire but the taxes are the highest of all states for retirees. California taxes everything

Florida, the place to be stalked by alligators. Pass.

Karma.

Florida condos are the trailer parks of the future.

Ron DeSantis is a muscle god!

Like Lucy's hometown, Jamestown

[quote] You’re better off hanging on by your financial fingernails in California than living anywhere else right now

To put it another way; I'd rather be dead in California than alive in Arizona!

Provided you are physically able enough to drive to grocery stores and for medical attention, besides the obvious, are there places in the Deep South that are cheap to retire in?

IF Florida loses a seat as a result of the next Census, R28, it must likely will come at the expense of the Democrats.

Because…New York is sooo much cheaper?!?

More civilized

You largely get what you pay for, in a complex equation that consists of various quality of life issues.

Did someone just quote me????

Scottsdale is great! 🌵 🤑