Summary

Home prices in Florida are dropping sharply, with Miami seeing a 12.4% decline, followed by Jacksonville (6.1%), Orlando (5.6%), and Tampa (5.5%).

This decline comes amid escalating climate risks and rising insurance costs, worsened by recent hurricanes Helene and Milton.

Florida’s insurance crisis—exacerbated by insurers leaving or going bankrupt—has made it increasingly difficult and expensive to insure homes, prompting some residents to sell flood-damaged properties “as is” to investors.

Despite these challenges, new construction continues in high-risk flood areas, heightening long-term vulnerabilities.

  • Buffalox@lemmy.world
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    12 days ago

    For flooding, you can elevate a house.

    Now you just needs to elevate the roads and everything else you use in your daily life like supermarkets too.
    Typical egocentric thinking, that as long as your house is OK, everything else doesn’t matter.

    • jballs@sh.itjust.works
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      12 days ago

      It’s this type of thinking that is the reason our country is so fucked.

      “If climate change is so bad, I’ll just move somewhere else.” Yeah but what about all the billions of other people in affected areas?

      “If you need an abortion, just fly to another state where it’s allowed.” Yeah but what about people that are too poor, in an abusive relationship, or need an abortion immediately?

      “If we get rid of Obamacare, my insurance will be so much cheaper.” Yeah because they can immediately throw off anyone that actually relies on their insurance to stay alive.

      The examples are literally endless. People vote like they’re the only person that exists and fuck everyone else. They’re the worst. And apparently there’s a whole lot of them.

      • Buffalox@lemmy.world
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        12 days ago

        Absolutely, USA has a very egocentric way of thinking. Probably in part because everybody is indoctrinated with individual freedom is more important than life. So sociopathy is celebrated as a virtue, because absolute lack of morality is freedom.

        However more and more Americans are beginning to understand that there is also freedom in things like not having to worry about hospital bills. Which is freedom for the masses instead of freedom for the few that are rich.