Hurricane Helene: Mass Florida Exodus Coming
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- Опубликовано: 29 сен 2024
- Hurricane Helene is set to reshape the Florida Housing market. As we look at the devastation caused by massive storm surge in Punta Gorda, we have to question if this will cause even more homeowners to flee the state?
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Ben Grieco
Broker Associate
Call/Text: 845-674-5290
Email: BenFloridaAgent@gmail.com
SL# 3330499
Coldwell Banker Sunstar Realty
2825 Tamiami Trail, Punta Gorda, FL 33950
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#realestateupdate #floridahousingmarket #hurricane #puntagorda #flooding
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I agree about people leaving even if they had no damage. We left Naples after Hurricane Ian although we were lucky & suffered no damage. We figured that we had dodged enough bullets & that God was telling us something when we had 155 mph sustained winds with 190 mph gusts & the eye only 40 miles away & had no damage. That good luck in Ian probably exhausted our supply of good fortune. Still Naples was a wonderful place to live, until it wasn’t.
sort of like going to Disney during the recession, no line. now forget about it
Agree
I’m sorry you had to make a decision like that, easy as it is from the outside to say that’s ‘smart’, I appreciate from the inside of a choice like that is very, very difficult, no matter one’s income level.
Glad you had the choice to leave with your assets and not because your home and business was erased by a hurricane.🫤
did you sell your home or demolish it? Was god saying for you all to leave but the next home owners were ok to take the damage. I don't mean to be smart, I just am always curious with the signs from god and luck and all of that and how that reflects on other people that do get the damage.
Naples was back on line in less than a year.
I used to want to live in Florida when i lived in California. Florida was so fun from 2013 to 2017. I used to go to florida all the time when i was stationed in southern GA. Post 2020 Florida is not very desirable from a real state standpoint in my personal opinion.
Moved to GA last year, I prefer being Florida-adjacent now. Easy to drive down for vacations without having to deal with the storms and the amount it costs to own a property down there.
With insurance 😩
FL will be popular for years to come... with wealthy people. Beyond farming FL has always been for the wealthy. Ya may not consider a retired couple moving from the NE to be wealthy, but by world standards they were. Not infinite wealth so yeah many relative wealthy people move to FL but as the storms, raising seas cause reoccurring damage, increasing insurance costs erode their relative wealth to a level below their ability to live in FL. They sell and move to AL, TX, Phoenix, Las Vegas depending on how much wealth they conserve.
Super wealthy will continue to build there. A bunch of workers will live there too in temp structures.
You are 100% right on your timeline! Around 2017 was when it all started to change! Affordable rent quickly became a thing of the past!.. and the attitude of the people moving down there was also different!
@@waterbug1135Florida used to be the destination of people hitting rock bottom. It was cheap. Until the flippers and investors turned housing into an out of control get rich Ponzi scheme. It will be cheap again
Very true !
I was already considering leaving even before Helene. I moved from South Florida to North Florida. And now I'm considering moving completely out of the state.
Ilando and a few other places you can find on Google to be hurricane less in Florida dont let a hurricane or 3 Greek you weathers bad all over
Move to Charleston, where downtown storm surge was 3 feet higher during Hugo than what was shown in this vid. You'll love it!
Bye!
It's gonna be nothing but black mold in every one of those buildings.
Termites have packed and ready to move in 🐜 💼
Not the first time those building and homes have flooded
@@JudyZimShadHomesteader Mold factories !
People who think there are no floods inland, there are more, just less salt.
And sinkholes 🕳️
Living in Florida, when it comes to disaster there's no where to run and hide, you might as well face it head on.
I live northeast of Orlando on the intracoastal. During Hurricane Ian, I didn't flood. Orlando, Sanford and Astor did.
My 1979 house has never flooded because I ripped out the original cabinets and baseboards.
Really depends were you live. I live in desoto county at 60ft no flooding here, down next to the river sure.
I will just rent... No headaches then...
I lived in Florida 27 years is it worth it? In a word; NO!
Citizens was insolvent before this . Nothing but bad news to come ….what a disaster
not a disaster just climate change that you all have been told about but keep denying.
Citizens will feel very little bit of this. National Flood Insurance Program (FEMA) will have most of Helene's damage (flooding), and that will be limited to 250K max for the structure.
I have lived in Bradenton for 40 years. I can not afford to live here anymore but what is worse is that I can not afford to move...
This will be disaster capitalism and nobody will remember the damage in 5 yrs. Keys were rebuilt after Irma and you couldn't tell there was any storm here.
Watching from Big Sur, California with its dramatic Pacific Ocean 🌊 coast line. My brother moved to Venice, Florida leaving Monterey Bay, California and he had decided to sell his brand new home in Venice to go to back to Carmel, California
Worth IT when IT is 50% cheaper.
or more, cause then you just self-insure
75% lower or no deal. I want 2010 prices again. Anything more and it’s no deal. With no government intervention into the insurance market to stabilize a potential investment of that magnitude it’s worthless. Right now if you live in Florida you’re a mark in somebody’s game and not your own.
but I will bet your the first to crawl to the federal government for disaster relief funds. I mean you people have absolutely no shame. I feel sorry for the native Floridians... the worst of society are the ones that are moving down there.
@@marshallj2415, we don't want you here. So it's a win/win situation 😊
@@davids.9834 We were native Floridians. Still have children in Florida. Why do you people stand up for a government that could care less about you or your security? Ridiculous. We are so much better off in Colorado and SoCal now. As retired Navy we are much more secure out west.
I think it was Venice ... where this couple bought a house in 2021 and they have been flooded 6 times. So sad.
whats sad about a house in Floriduh flooding? Common knowledge to most of us that the state floods often.
My brother bought a new house In Nakomis in the Venice area. He wants to sell and go back to Carmel, California
I live in Venice. I'm trying to talk my husband to get out. I'm done. The beach is overrated.
@@christinamorales6887 It's WORSE there than anywhere else in the country!!
I’m usually pretty quick to defend a landlord. But jacking up the rent because people are desperate is just sick.
You mean like corporate America and food prices?. Supply and demand is the golden rule, until greed rears its ugly head.
@@buckbenelli8 oh but I thought greed was good, ya know, capitalism and all that, dont get commie now.
Leave and go where? Asheville? Maybe sign up for wildfires in Colorado? Tornadoes in the Midwest?
You're absolutely correct now where to run...
Ben is right. Many (who can financially) will leave. So many other nice places to live.
Midwest has 4 seasons but nothing like a Hurricane causing massive destruction for hundreds of miles ! Tornado ? The path of those is very limited maybe 4% of a Hurricane ! Actually living in the Midwest & vacationing in warmer weather for winter makes so much more sense. Even in the winter they are getting much warmer & less severe. Seems like the States with the worst weather events are all down South.
You don't need to rely on FEMA flood zone maps, topographical maps are online. Higher is better.
True but not true. You can get flooded on top of a hill too. It depends on water flow not just coastal flooding during a hurricane etc
I live in a hill and some parts flood from rain according to FEMA. But not my block
My community streets flood, but our houses don't because our yards are elevated. In a hurricane, I get to experience living on an island. But in 45 years, our subdivision homes have never flooded, ever though FEMA says I'm in a flood zone.
The entire west coast of Florida had storm surge. The party is over. This was the final nail in the coffin. Over 273,000 listings today in the State of Florida. Get out now.
I have not seen a single video of a barrier island that was not completely swept by storm surge. Billions of tons of sand moved.
Please, and....thank you! Bye!
I lived in Englewood for 30 years. I’ve never seen flooding like this in Southwest Florida. That’s been happening over the last few years. It just blows my mind. How a hurricane over 100 miles offshore could flood Punta Gorda. This is never happened before something is going on and I can’t figure it out.
I can tell you why. You used to have a lot of vacant land, at least near the west coast. Cutting down foliage and putting up homes greatly decreases the ability of water to dissipate into the ground. Fewer trees and greenery to soak it up.
I had this happen to me in the northeast US when an area 10 miles north that used to be farmland exploded with homes and businesses in a short amount of time. My entire little town flooded. There was a creek barely deep enough for a minnow to swim, and it flooded 30 feet, into everyone’s homes. So many people walked away from their homes.
@@alyross2850 they have over built the coast line. I’m in Perry and three miles inland no water or structural damage ( thank God) we’re in the woods and covered in trees but not too close. It’s going to take a mass exodus in order for things to get back to normal.
That something is called climate change. I know people have made it a political topic over the years, but it's real and it's happening. Warm water=hurricane fuel.
My parents are in Boca Royale. We’re estranged however I can’t help but wonder how they made out. Knowing my dad he’s probably over all of it by now.
Good evening Ben, holy cow you're spot on! My primary residence is in Northville MI. The other day I struck up a conversation with some folks who parked away the congestion area at Home Depot as I also do. These folks had a Tesla with FL plates, Nevertheless, I asked how was the drive up to MI was with your Tesla. Well, the Tesla was transported via car carrier to Michigan from Venice FL. They were fed up and had it with the conditions in FL and are moving back to Northville MI after 8 years in FL. I mentioned that we just rent for a month in FL and decided to stay in Northville. I have to believe we will see more retired folks following the same pattern. Keep up the great content!
I live near Daytona Beach. We only experienced moderate wind from this hurricane. My house was built in 1979 and I know it never had any damage worse that shingle loss. While shopping today, a cashier told me she hadn't been able to contact her family in Gatlinburg and Ashville. Are those cities in Florida? Hurricanes, earthquakes, tornados, river flooding, blue state crime. Where are you safe?
Ashville is gone.
there is NO blue state crime! myth
Gatlinburg is TN I think, and Ashville is NC. Anyway, mountain ranges have a way of collecting water and delivering it to foothill areas with pretty major velocity - I couldn't tell you how many bridges are out, but its a bunch.
Really great video. I live in Buffalo, NY and have often thought of relocating to Sarasota but with the recent Hurricanes the past few years, definitely makes me think twice.
Great information. Nice to hear honest speak about the real issues.God Bless.Stay Strong.Thank you
Thank you! You too!
$$$ BILLIONS FOR UKRAINE…. NOTHING FOR FLORIDA OR ANY STATE
I don't want my tax dollars going to rebuild stuff over and over again. The rich folks in FL with their nice properties can handle it. Having said that, the fed gov over and over sends our tax money to FL to fix unstainable living. I wish it would stop.
And they blame global warming on us and not wars
Biden-Harris Administration Makes Emergency Federal Assistance Available to Florida. 'Biggest fraud in a generation': The looting of the Covid relief plan known as PPP. experts say is the theft of as much as $80 billion - or about 10 percent - of the $800 billion handed out in a Covid relief plan known as the Paycheck Protection Program, or PPP . Marjorie Taylor Greene was one of 13 Republican Congress members who had PPP loans forgiven. Congresswoman Marjorie Taylor Greene had $183,504 in PPP loans forgiven.
Now you want socialism.
Establishment first, America last. Same plan the last 50 years.
"Is Florida worth it?" I'd say yes, but not on the coasts. Live elsewhere in FL.
definitely no, not worth even going there.
I live on the intracoastal. I bought my 1979 fixer upper five years ago. My house never flooded because it had all the original cabinets, doors, and baseboards. Just never buy a house that is level to the ground.
There's still flooding and other issues, even inland. These will become worse as time goes on.
@@DementiaDon The Villages (TV) has a top-notch flooding mitigation system for the ~57 square miles it covers, and maybe the best system in the state. Were I moving to FL, I'd be looking for an active 55+ community, and TV is the most likely one (if not OTOW or Del Webb Stone Creek, not far from TV). Not worried about flooding there.
-- BR
@@billredding2000 I am sure people in NC and TN were saying the same thing. It's all fine, until it suddenly isn't. Seeing as these storms are becoming more common, I wouldn't feel that secure.
Got out in 2022 was in Ian in ft Myers winter condo sold tripled my money now ppl can’t sell where I was even w 40% discounts. Saw the writing on the wall w insurance skyrocketing and condo fees tripling. God bless all affected.
The insurance is the final nail in the coffin. I'm planning on getting out sometime next yr.
it's interesting to see.... we learned about environmental refugees in the 90s and what was coming. Fascinating to see it now playing out!
💯 I’m in Tampa and already contacted a realtor in NC, the deal is no longer here.
Western NC got hit
NC Got hit really hard this time. No place is safe with climate change unless you want to go to Mars
I am going to move to South Carolina from Florida when I get my opportunity.
Frying pan to fire? So strange you would pick the 2nd most hard hit area.
I moved from CA to Phoenix in part to escape earthquake threats. Thunderstorms is about the only natural threat.
@@waterbug1135 what about those scorpions and poisonous rattle snakes?
Used to be you traded hurricanes and low wages for cheap houses and rentals. Fun times . Now since its been bulldozed and overbuilt lately it's not as tropical and doesn't seem like Florida anymore
Prayers to Floridians and no, I'd never want to live there. Insurance rates, Hurricanes, Prices. Not worth the potential and current headaches. 🙏
Exodus--to where? Find a place in the US not subject to hurricanes, tornadoes, baking heat, earthquakes, erupting volcanoes, flash floods, months of snow and ice, or raging wildfires and I'm sure we'd all like to hear about it!
I live in Pennsylvania. None of that so far. We barely get snow anymore.
Central/upstate rural NY has easy winters. Taxes/insurance isn't great, but bearable. The state/local governments are filled with fools, but most pay little attention to them. Nowhere is perfect, but some places are much better than others...
Anything happen in Wyoming or S/N Dakota?
I still looking to buy because long term the weather will even out and solutions will be discovered for the condo mess and people will move to Florida and needs housing.
I’m working on a hurricane resistant 3 story apartment idea. It’ll cost a bit more to construct but over time it’ll be safe shelter.
long term the weather is going to get worse. Stupid people in Floriduh denying climate change after getting destroyed by Helene. LMFAO!
but everything around you will be gone
The Florida juice is definitely worth the squeeze for hundreds of reasons. I have lived in an A floodplain for 32 years and lived through eight floods… All recoverable and no big deal.
It's as expensive to live in Florida as it is here in the Northeast.
With insurance
I had a place in ft Myers for winters sold at height after Ian. I found food prices much higher than Mass where my permanent residence is. After condo fees were tripling and taxes up 600 in one yr it’s cheaper to live in Mass
I tell people this all the time and everyone thinks I'm nuts. It's 100% true. I had to relo for work from Tampa to Boston metro. I'm outside Boston on the T line. Insurance is a fraction of the cost and property taxes and car insurance is half what I paid in FL. Even with MA state income tax of 5% it's cheaper to live here. It's obviously not the same lifestyle as Florida and not exactly where I want to be, but definitely cheaper at this point in time.
@@tampaflorida8841I live north of Boston and my dream was to move to Florida. But after calculating mortgage insurance and how much I would get paid there ($15-20 less an hour than what I make in MA) I am decide if to stay out for now. I wanted to move to winter garden central Florida but my expenses would be much higher!
It's been cloudy and rainy for at least a week now in my part of the Northeast. Yes this is because of the storm.
Packing my things and moving to North Carolina. Oh wait. Millions in damage there from the same storm. 18 inches of rain. Now what Ben. Probably have to move to Canada. More You Tube drama.
Fires in Canada, Climate Change is "Boiling a Frog" hint, we are the frog.
Come to Buffalo New York.We only have snow storms
Your a good soul Ben. Thanks for the update.
I appreciate that
i feel so sorry for these people i was blessed we had no trouble to our home on marco
Left FL in 1998. One of the very best decisions we ever made.
Its just the beginning. Everyone has factored God and sin out of the equation because there are potentially two more headed your way.
Thanks for making the point about elevation. Insurance is going to drive all construction to elevate. First floor homes in Florida are teardowns regardless of whether they have been damaged by a hurricane.
Not if politicians have anything to do with it. You would have thought Katrina would have taught us a lesson. But Nope.
Living here in south Florida since 86 and i remember when jeanne and Francis came thru both in less than two weeks apart. There was a mass exodus after that but then years go by without any major storms in the area and new people move here that dont know what its like. Lots of people just a season away of learning that florida has its cost to live in paradise.
I've no idea how you tolerate the extreme heat. I'd not take a FL property if it was given to me for free. I can't tolerate just walking from the car to a building in the summer. Like hell itself! I do like FL in the winter, but only good for a 3 month snow bird situation.
I hope this hurricane season scares away all the people who flooded our state since COVID. Go back. We were full before and now it’s ridiculous. Yes, take yourselves back to where you came. Not trying to be mean, just saying the roads have gotten intolerable to travel on lately
Are you a native Indian, perhaps a Seminole? Overpopulation is a threat to our survival as a species. That and total ignorance, selfishness and greed.
You took the words right out of my mouth
IAs a Californian I have been saying that for the last 20 years we are full no more easterners or foreigners.
@@Rayjack-m9o you can certainly keep commifornia.
sadly it's the same here in the midwest. My lovely suburb grew exponentially during covid and it's only getting worse right now Older charming buildings torn down and 4 story tall building and parking garages went in. It's like a downtown now. You have to remember the USA population continues to grow and we are all feeling it. Not just Florida. So many people need places to live as our population booms. To think in the 70s the population was HALF what it is today in the USA.
Weather warfare
I often felt that the Russians might be behind this. Research in weather influence may be going on.
Crawlspaces or some sort of elevation off grade should be code
I’m selling my house in Bradenton. LWR area We are 60 FT about sea level. I asked my realtor to put this on description but he disagreed? Said it would be a negative. Thoughts. Love the channel 😊
RE works for u tell him to put that description or get someone else. I sold in ft Myers after Ian they did not want to put in never flooded since built in 1985 they did not want to so I said no problem I’ll get someone else it was in there quickly. These ppl aren’t your friends
I would not put that in there.
Awesome!!!!!
I am a seventh generation native and there are too many people here anyhow. We are a resilient people! Those of us who have been here for generations will survive without a 22 million population.
Please take Orlando, all of the tourist and theme parks with you
We will survive on our 932 acres. Don’t need the tourist to do it.
Yes , we natives agree !
Ben again, I am so glad that you and your family were left unscathed.
As for your video, I think you are 100% right on and your timing is perfect.
I am having serious thoughts myself, and I love it here.
Keep it up, buddy.
I appreciate that!
I was in Jacksonville for Faye, Irma and Matthew left in 2020 moved out of State and will never return! Insurance my friends say way up now for car and home! Glad Iam gone!
Maybe enough people will leave and we get our old Florida back. We built homes after we dug holes in the swamp to make land. And then came the Realtors from other states to buy and sell. Good buy
Love you content and have honesty
It would be best to build utilizing concrete pilings and or higher landfill elevation before home construction so this doesn’t happen with 2-5 feet of storm surge or flash floods.
I also wonder why every flood prone area have slab houses.
I can’t imagine insurance rates after this! I was looking into moving back home in the north port area, but honestly I think I’m just going to hold out on buying for a bit.
I am re-thinking my move to South Florida. I may continue to stay in NJ and rent in Fla from Jan - Mar
I'm tired of unsustainable areas sucking the resources such as lumber and spiking the price for the rest of us trying to get buy resources and build in realistic areas. It's costing ME a fortune and I don't even live in these places.
Condos in South Jersey Coast: Our total premium increased 30 percent recently. So can't imagine what rates will be where Ben is.
A rental on the 2nd or 3rd floor might be fun on a temporary basis.😊 FL long term is a no-go. Also for those that think real estate will not go down in the rest of the USA need to remember that the job situation is what determines real estate values not inventory. In 2008 was the last major recession and real estate crashed. Its that simple.
Insurance companies are not going to cover all that and more of them will leave the state and it will get to the point where insurance is too expensive or you can't even get insurance . You can't get a mortgage on anything if you can't get insurance . So the real estate will be worth absolutely nothing ! It will become uninhabitable .
Waterfront property is the best. That includes the sides, the back, and in some places the top.
I just don't know how people and businesses can go through this every year, year after year, knowing you are going to have to replace or repair everything in your house every time a hurricane comes through. Very very soon FL will be uninsurable and people won't be able to live along the coastline anymore unless they can replace and repair their own homes. I just know I couldn't do it with my anxiety.
It wasn't this bad before. The big storms are a a little more common and are a little worse when they hit.
Rent freeze in disaster areas. Should be law. Same as cost of supplies etc. .
Many areas will become uninsurable.
they already are. Lots are just going without insurance. Soon the tax payers will be bailing people out.
This damage is not "hard to believe" for older people. Seen the exact same things many times. It's actually a little funny watching rich people build on sandbars. Sad of course too, but watching people think sandbars last forever, that sea level isn't raising... a little funny.
I'm only 27 and been through many myself. It seems people forget the last one a week after it happens, then act surprised during the next one.
What an inch every 50 years. Lol, yeah that will do it
okay everybody leave. go to Minnesota or Asheville or NYC or San Fran all doing well
At least we don't have hurricanes in Minnesota and the flooding is seasonal, expected, and generally happens in the same areas. The snow and cold is another story but recently we are less of both.
@@RuthStaussounds great , we will send them your way !😂
Doubt it, Charley, Ivan, Frances and Jeanne hit the state hard in 2004, it always bounces back.
And many others since. It's rinse and repeat, literally.
affordability ratio was not an issue in 2004. The value proposition is underwater in 2024 (pun very much intended).
Yea, and what are prices like compared to then? Prices are all up, and risk has only INCREASED. How long you think the insurance industry will keep covering here, as these storms become more common?
Ben, your comment about people saying they had enough and can’t go through another hurricane got me to look up the history of hurricanes in Florida. There were no major category 3 hurricanes in Florida from 2006 to 2016, but three in the last three years, one a year. That’s very tough to recover from.
I had a woman who has lived on the water here for over 20 years tell me that for the first 15 years she lived here they never even had to put the hurricane shutters up
2004 there were four, 4, major hurricanes in Florida and Katrina in LA, Rita in Texas. In 2005 Wilma hit Collier county.
Florida 🏖🏝see 👀yea / im moving 🚛to Michigan/ i deal with the blizzards 🌨❄️versus Hurricanes🌀/ Prayers 🙏 ole friends down there 👍
Cars will constantly get flooded
time to pray to God please🙏🙏💯😥💔
Build your homes 20 ft up on pillars. Then 30 ft storm surges come in. Got a lot to do with the wacky solar storms we been getting. It’s gonna mellow out in a couple years.
Wouldn't those immensely powerful storms lift your house off the pillars then?
I recently divorced and had my choice to go anywhere in the country, money wasn't an option and am retired 4 years ago at 58. I choose a u.s./Canadian border town. It's actually getting warmer up here and the winters are what you make them.
I'm in the midwest and our summers are getting brutally hot. Lived here my entire life and it was never like this. So I believe you!
Hit $130k today. I'm really grateful for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in January
How please
I've been investing in Bitcoin by myself. I'm not really happy with what's going on, just few weeks ago I lost about $7,000 in a particular trade. Can you help me out or at least advise me on what to do?
I will advise you stop trading on your own if you keep losing. And i don't trade on my own anymore, I always required help and assistance
She's my family personal Broker and also a Broker to many families here in the United states, she is a licensed Broker.
😱Sounds familiar, I have heard her names on several occasions.. And both her success stories on wall street journey!
I hope a lot of people leave
Any chances you can drive to those lavish mansions that look like out of a movie, to see how luxury real state fares against these types of hurricanes?
They’re all mostly good even in the worst of areas. They built well. I saw that with hurricane ian around Boca grande island.
You get another storm like Helene next week? All your predictions are moot.
Huh? You make no sense.
Not always. It can be very high in altitude but if it is in a ravine of any kind it can flood.
Living on a golf course lake/pond can be the kiss of death. Where can the water settle when it fills up? Hmmmm. Into your house.
These videos are pointless...look at western nc and tn..all small towns...and cheaper to live but they also had catastrophic damage so...regardless where you live there are always risk of natural disasters...wars....economy...so...it happens all over the world....
But you have to consider the odds. Florida gets smashed all the time.
insurance companies disagree with you and most have pulled out of FL.
My goodness, God comfort , help everyone !!! We lived in Punta Gorda way back in 1974-1976, They were just starting to build PGI when we left ! Wasn’t too much in Punta Gorda when we lived there ! We built Pelicans Harbor and Tamiami Village.
I left the south last year. Moved all the way to the opposite side of the states in the PNW. It’s freaking beautiful here. The climate is nice. It rains in winter,it’s sunny and warm in summer. There is hiking up a mountain, and stargazing under completely dark skies where you can feel and see the universe. When you exercise, the sweat evaporates from your body. And everyone out here, for the most part, minds their own damn business.
Everyone hate what they can’t be.
People can be whatever they choose to be.
Ben: I lived in Southern California and left after 3 fires. Moved to Nashville, had 3 tornadoes in one nite and flooded out in 2010. I drove firefighters into Gatlinburg during those fires. Moved to Central Fl in 2021. I’m not moving. I keep $2500 in case I have to run.
I think it has sunk in or jolted us into the new reality. This is how its gonna be in Florida now.
for Tampa Bay as example, it barely sprinkled, not hit by hurricane yet 8' underwater due to tsunami surge, pushed all the way across the Gulf of Mexico sailing past, not hitting Florida at 142 miles out to sea..
and that was a drive by to Perry/Tallahassee---142 miles out to sea and a dozen people dead, drowned in their homes. Sobering.
I'm leaving Miami next year. Not because of the storms. It's just too crowded. Leaving for upstate SC. I know. Helene just hit up there.
I moved to Florida in 1966 outside of Tampa (Brandon) left and went back in 1969 (St. Petersburg) loved it, had a home , also lived aboard a 45 ft. houseboat (which I loved!) then moved to Ft. Myers and lived aboard a Houseboat and left, moved to Georgia and left and moved back to Florida (Deltona/Central Fl.), began to see the winds of change and left to come back to North Georgia in 2016 and realize that was the BEST decision I ever made!!
Florida has completely changed since 2020. I rarely meet fellow FL natives anymore. All of my friends have left for the midwest
If I ran an insurance company, I wouldn’t cover properties in high risk areas like most of Florida, parts of Texas, low lying sandy East coast areas, Tornado Alley states, California fire zones and eroding coastlines, etc.-basically anyplace that suffers major disasters year after year after year.
Just curious. I’m looking close to Lake Suzy.. The Preserve is that considered “inland” enough? Thanks for the vid and your time.
All those new insurance companies Are going to pull out a Florida. Or Jack up the price. Like I said, this is the perfect storm.That's hitting Florida.
If you can not afford to self insure, then you must leave.
so the landlords increase prices during a time of tragedy? wow.......
People move to Florida to be by the beaches, if they move an hour and half inland defeats the purpose. Florida is not going to be for the declining Middle Class. Also, the low paid service works, who do the work, cannot afford to live there.
Florida is beautiful but is quickly going to become unaffordable. Insurance is going to go through the roof. They can't keep putting out billions and billions of dollars each year.
Thank God I don't live in that dumpsite !!!
Thanks for the video. It's not much better price wise elsewhere, if you need the good weather maybe Mexico, may offer better costs, again away from the tourist areas but close to the sea. Florida needs to invest in extensive mangroves & permaculture development just to survive the next millennia.
Thank you so much for reporting. I was born and raised in PG, and I am glad I left when I did. My entire family is still there, and I hope they can leave Florida soon. I agree; it’s not going to get any better. Sharing!
Another 2 coming. Probably. You are 💯 correct. People going to leave and not come back. There’s goes the house values. 😢
My dad and grandma were snowbirds, dad is buried in Florida, I won’t live there! Not worth the risk…. I live in California which is so expensive and I don’t know where I want to retire.
I was considering purchasing a home in Southwest Florida, but now I'm considering a pontoon boat.
Florida's becoming more and more uninhabitable by the day! Try going without a fan or an AC in the summer here and if you own property you're also battling the high humidity that can destroy your house over time with mold and musty odor. And don't even get me started on the mosquito🤬
It might be wise to wait for a few years, and let the market set a floor. Another question, has Helene knocked out the private insurance business to the Southeast USA? Flooding was widespread over many states...this one may be the most costliest of all. Insurance rates will continue to rise unnaturally. Going forward, the risk is always there. I would rent over buy in Florida, especially on the beachfront property.
Ben, I believe your analysis to be spot on. Where's the value in Florida? The attraction pre-pandemic was the lower cost of housing, whether through ownership or rental, this is no longer the case. Newly minted retirees will look elsewhere.
As a 55 year old native i am so grateful for that, i grew up with the beach and lakes being free to everyone and it was affordable but now it is no longer fun, all the rich people bought everything and forced average people out, so good bye.
i live in Carolinas and the dams around here are so OLD they broke :( and now roads going up mountains need to be repaired but cant because they would have to annex property? its a sticky situation and we got another on the way :) my girls grandmother is still missing and alot of people are trapped
Thanks for your honesty. Snowbirds with a Sarasota condo. The plan was to move there full time when my husband retired. Now, not so sure.
What was interesting on the video I saw from Cedar Key was the fact only houses on stilts built to the new standards survived. I left after Ian. If I ever move back it will have to be a new house or trailer built to new standards. Anything less is a death trap.