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Economy

mitch96

(15,333 posts)

2. This is how it starts... Expensive insurance drives people out. No insurance, no loan.

Reply to Eugene (Original post)

Sat Jul 23, 2022, 10:30 AM

Jul 2022

No loan, prices drop. If you can afford to purchase with cash your good until the next storm destroys your place.
I see it like musical chairs. When the music stops (Cat 5 hurricane) you had better have a "insurance" chair to sit on or your §hit out of luck.. I think the coastal wealthy will sell well before this...YMMV
m'

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FEMA report: Flood insurance hikes will drive 1M from market [View all] Eugene Jul 2022 OP

9We have flood insurance here in NY, too. I've heard people in storm paths say "Why bother? They'll TreasonousBastard Jul 2022 #1

This is how it starts... Expensive insurance drives people out. No insurance, no loan. mitch96 Jul 2022 #2