General Discussion

mitch96

(13,944 posts)

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

Sun Apr 28, 2024, 03:28 PM

Apr 28

To get a mortgage you need insurance. The prices will continue to go up till the insurance companies leave ie the music stops.
Who will be stuck without a chair?.
Who will be stuck with a building and no insurance with the bank asking for the full price of said building...
m

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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