General Discussion

mitch96

(13,944 posts)

60. The roof we just replace had 3 years left on its "expected" 25 year life.

Sun Apr 28, 2024, 03:16 PM

Apr 28

They don't CARE what the manufacturer says, they say 20 years or no insurance....
NO INSURANCE is the kicker. We looked for a new insurance company and the few we found were more expensive than our existing one and they ALL said get a new roof or no insurance so we stayed with our existing one.
The insurance company has you by the short hairs. Especially if you are on the water. We are in a good spot, 40 to 60 feet above sea level and 3 miles from the gulf as the crow flies..
My home in So Fla was 6 miles from the ocean and only 9 feet above sea level. After Hurricane Andrew State farm dropped me and left the home insurance market. I used the state sponsored insurance company, Citizens and every year it went up a few hundred bucks. My insurance was more expensive then the property tax. So for me It's still relatively inexpensive living in a townhome in west central Florida than owning a single family home in So Florida...
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Highlight:

'Everyone is selling': Florida condo owners feel crush of rising insurance costs [View all] BlueWaveNeverEnd Apr 28 OP

I wouldn't say everyone is selling but a friend of mine is selling after haveing a doc03 Apr 28 #1

yet DeSantis is proudly signing laws putting chaplains in public schools and banning books BlueWaveNeverEnd Apr 28 #2

Actions that look like something is being done. keithbvadu2 Apr 28 #22

As well as insurance companies don't have to pay full jimfields33 Apr 28 #29

So who is buying? getagrip_already Apr 28 #3

Nazis Chi67 Apr 28 #6

Even Nazis can loose their shirt unless there's some strange money laundering angle. paleotn Apr 28 #17

Northern $$$ is buying. I am 4 blocks from MOMFUDSKI Apr 28 #9

Seriously? $1400 a year? That's awesome. MontanaMama Apr 28 #33

We have homesteaded for 26 years at our MOMFUDSKI Apr 28 #55

Same here in West central Florida. relatively Cheap living where I'm at. Yes the insurance went up. mitch96 Apr 28 #39

I am not sure a roof is considered good for 20 years anymore bedazzled Apr 28 #52

The roof we just replace had 3 years left on its "expected" 25 year life. mitch96 Apr 28 #60

We paid $89,700 in 1998. Could sell for MOMFUDSKI Apr 28 #56

Babcock Ranch Deep State Witch Apr 28 #63

Babcock Ranch had no power outage or water intrusion during the hurricane. mitch96 Apr 28 #64

The Only Reason Deep State Witch Apr 29 #65

That low of taxes? NanaCat Apr 28 #43

Our property taxes in Fort Bend county are about 3K TxGuitar Apr 28 #46

Does she live in Coffee City? If she does, k55f5r Apr 28 #58

Speculators. Rental properties. Those with a fucked up measure of risk. paleotn Apr 28 #16

Some people are still betting on bail outs as well particularly when they don't face the risk themselves. meadowlander Apr 28 #62

exactly what I thought! Skittles Apr 28 #53

Pay your own risk. KentuckyWoman Apr 28 #4

How so? getagrip_already Apr 28 #8

KentuckyWoman is right, though. CrispyQ Apr 28 #30

California, Florida, Texas and east coast stand by jimfields33 Apr 28 #31

Everyone I know in TX is paying TxGuitar Apr 28 #47

Yuck Chi67 Apr 28 #5

Nice weather, warm water, nature, pretty women? getagrip_already Apr 28 #10

That can be said about a lot of places......(Texas) walkingman Apr 28 #11

Texas has its bastions..... getagrip_already Apr 28 #19

We have our share here also.....but Austin, Houston, and San Antonio are pretty cool. walkingman Apr 28 #21

The weather is not "warm" edhopper Apr 28 #12

Relative I guess. paleotn Apr 28 #18

They live in air conditioning edhopper Apr 28 #27

Exactly FHRRK Apr 28 #36

Florida is so beautiful. I lived there for six years. It's a travesty happening now. Joinfortmill Apr 28 #24

For the most part edhopper Apr 28 #28

Me, too. shrike3 Apr 28 #50

NO state tax, tourists pay for that perk. Also many benifits for retirees money wise. mitch96 Apr 28 #40

And other states don't have most of those things NanaCat Apr 28 #45

It really isn't. jimfields33 Apr 28 #32

And getting worse! RKP5637 Apr 28 #49

It was a Blue State when I moved here in MOMFUDSKI Apr 28 #57

Politicians and billionaires are not going to pay for climate change costs. Irish_Dem Apr 28 #7

It's already happening. CrispyQ Apr 28 #35

Yes it is already happening. Irish_Dem Apr 28 #37

It's scary how little is being done. -nt CrispyQ Apr 28 #38

The politicians and billionaires made their decision a long time ago. Irish_Dem Apr 28 #51

Doing away with "Woke" edhopper Apr 28 #13

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

Another story snowybirdie Apr 28 #15

Only a matter of time perhaps. paleotn Apr 28 #20

"Insurance companies aren't in business to lose money on claims" Exactly. To me it's like musical chairs mitch96 Apr 28 #61

It's bash Florida Sunday. jimfields33 Apr 28 #34

Don't feel too bad. Any day now, it will break 100 in AZ, marybourg Apr 28 #41

That's true. jimfields33 Apr 28 #54

They'll just MHdude Apr 28 #23

So true wolfie001 Apr 28 #26

A lot of hateful, spiteful NY'ers moved there wolfie001 Apr 28 #25

The pot calling the kettle . . . . marybourg Apr 28 #42

If they kick out the repukes, I'll feel much better about the state wolfie001 Apr 28 #48

Only idiots wouldn't sell right now NickB79 Apr 28 #44

The Infinite Previous Celerity Apr 28 #59