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steven harlow's avatar

You are pretty accurate in your analysis. I used to own property in Florida which I bought at less then half what it had been a couple of years earlier. 2012 versus 2008. Actually way less than half. In Florida price changes of 5 of so percent are nothing. Florida has had major cycles since the boom of the 1920's. Insurance costs and prospect of not getting ANY coverage are creating and will continue to create a major downcycle in prices there. It is and will be a timers market in that location.

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KC Krause's avatar

Great analysis as usual!

"These climate-led pressures are more intense in Florida than they are in most other states."

It seems like Florida & much of the warmer coastal SE Gulf area has attracted so many who feel "Live Free Today!" aka no taxes & regulations. While they act like The Future!? is not our problem...

This mentality makes sense since who would pay so much $$$ for millions of housing units of built on top of sinking swampland. These swamplands are being taken back by Mother Nature via Climate Change & the annual category 4-5 & now cat. 6 hurricanes. While the destroyed housing is rebuilt via Disaster Socialism aka FEMA - the rest of the country pays 10s & even 100s of $Bs...every...single...year. This is not sustainable over the coming decades & genertions....HOI industry is letting us know this NOW! Not in the future...

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