Re: democratic response to florida insurance crisis
Around here the beachfront is getting hit heavily with increased insurance bumps, and their market values are dropping considerably.
Interestingly, in the "real" neighborhoods (meaning where nontourists, retired long-time Floridians, and working folks live), housing prices are only sagging a bit, while premiums are up but usually not by show-stopper amounts.
My DW the realtor actually prefers a market where prices are sane, and neither seller nor buyer are at too much of an advantage. She says people then tend to bargain in good faith, fewer lawsuits from angry buyers, and prices tend to be more proportional to the true value of the property.
For all that, there are condos going up like weeds everywhere from downtown to the shore.
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.
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