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BiggerBoat posted:The worst thing happening here, that's especially related to the free market, is that pretty soon it will become impossible to insure a home, and not just on the coast. Which is gonna get real weird legally when mortgage owners are required by law to have it but no company in the country will offer it. I'm wondering what happens then? My understanding is that the bank just buys it somewhere for you but that doesn't sound too great and I'm gonna go out on a limb here and say that it will be just a tad expensive. This is what I worry about, I'm in Pensacola and my rates for a home built in 1959 is now 7800 a year. I'm lucky I bought this house when prices were low, I couldn't fathom paying 300K and up to live in this horrible state. The state is getting worse because a lot of boomers are moving down here from other areas, driving prices through the roof and adding to an already dense conservative mind set.
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Jul 28, 2023 16:55
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| # ¿ May 11, 2024 17:26 |
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