3 ms·
Realistically is it even that bad of an idea? The damage numbers are big but that damage areas really are quite small. What area of Florida has has the closest
by the_lonely_road 4y ago
Realistically is it even that bad of an idea?
The damage numbers are big but that damage areas really are quite small. What area of Florida has has the closest time of period of two devastating hurricane strikes?
Is that time period measured in decades?
I’ve been in Florida for 25 years and haven't suffered a direct strike or flood damage yet. Plenty of close calls turned into hurricane parties but it would have been a pretty poor decision to leave because of fear of catastrophic loss and I’m guessing it’s the same for everyone here. If these houses being bought don’t expect catastrophic loss in the next 30 years then it’s as sane a decision to purchase as anywhere else.
- randallsquared 4y ago> [...] it would have been a pretty poor decision to leave The fact that market-based flood insurance would be too expensive for most people to purchase it in most places in Florida tells us a lot about the expected outcome, and "I haven't been too unlucky yet" isn't exactly an argument against that.