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Showing Original Post only (View all)'Everyone is selling': Florida condo owners feel crush of rising insurance costs [View all]
'Everyone is selling': Florida condo owners feel crush of rising insurance costs
'The cost is so great the condos aren't selling as quick as they were,' Christina Auer says
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Insurance experts tell WPTV that the days of cheaper policies are not coming back.
"Weather, litigation, reinsurance, it's all crashing in on the residents in these condos," Lisa Miller, a former deputy insurance commissioner now the head of Lisa Miller Associates, said.
The higher prices, Miller said, are now part of the new normal for condos, especially those near the water like Auer's home.
"Everyone is selling," Auer said about her neighbors struggling with the insurance costs. "The cost is so great the condos aren't selling as quick as they were."
https://www.wptv.com/money/real-estate-news/everyone-is-selling-florida-condo-owners-feel-crush-of-rising-insurance-costs
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'Everyone is selling': Florida condo owners feel crush of rising insurance costs [View all]
BlueWaveNeverEnd
Apr 28
OP
yet DeSantis is proudly signing laws putting chaplains in public schools and banning books
BlueWaveNeverEnd
Apr 28
#2
Even Nazis can loose their shirt unless there's some strange money laundering angle.
paleotn
Apr 28
#17
Same here in West central Florida. relatively Cheap living where I'm at. Yes the insurance went up.
mitch96
Apr 28
#39
Some people are still betting on bail outs as well particularly when they don't face the risk themselves.
meadowlander
Apr 28
#62
We have our share here also.....but Austin, Houston, and San Antonio are pretty cool.
walkingman
Apr 28
#21
Florida is so beautiful. I lived there for six years. It's a travesty happening now.
Joinfortmill
Apr 28
#24
NO state tax, tourists pay for that perk. Also many benifits for retirees money wise.
mitch96
Apr 28
#40
Don't know if it's true but I heard that condo buildings must have enough money to do a 50 year project.
Renew Deal
Apr 28
#14