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I like how they try really hard to avoid mentioning Florida like it doesn’t exist. Florida has taken over all the top fastest growing metro areas.

toomuchtodo 2y ago
I recommend reviewing Florida’s residential real estate listing volume and trend. Recent movers walked right into a trap due to the insurance market collapsing at the same time the market was overbought. I owned investment properties in Central Florida and liquidated them all last year. Simply not worth the potential exposure to Category 6 hurricanes and $5k-$10k/year in property insurance, if you can even get it if your roof is older than ~10-15 years. Repairs post hurricane could take months, if not a year or more. https://www.newsweek.com/florida-homeowners-desperately-trying-move-out-1874173 https://www.newsweek.com/florida-homeowners-desperately-tryi... https://www.redfin.com/news/housing-market-tracker-march-2024/ https://www.redfin.com/news/housing-market-tracker-march-202... https://www.wusf.org/weather/2024-02-06/florida-stronger-hurricanes-climate-scientists-category-6 https://www.wusf.org/weather/2024-02-06/florida-stronger-hur... https://www.reuters.com/legal/legalindustry/5-trends-watch-2024-with-floridas-property-insurance-market-2024-02-22/ https://www.reuters.com/legal/legalindustry/5-trends-watch-2...
- selimthegrim 2y ago
  Category 6 isn’t officially a thing yet.
  - toomuchtodo 2y ago
    Should I have waited to sell until it was? Not my bags to hold. The insurance industry is already forward looking in this regard (pricing snapping towards risk models), I’m just riding their coattails.
    - selimthegrim 2y ago
      I mean, the Florida state govt. doesn’t deserve your tax money so I salute you anyway.
      - toomuchtodo 2y ago
        Reducing exposure to a dysfunctional governance system is a pleasant byproduct for sure.
hi-v-rocknroll 2y ago
Florida isn't a metro area, it's a state. Maybe you mean Miami. I don't know why anyone would want to live there: - Way more obese people - Lower intelligence level - Humid AF - Rains all the time - Hurricanes - Flooding - Insane, brutal governor
- selimthegrim 2y ago
  <s>Because no science ever got done in like Calcutta ever</s> Although I will say the bus system in Miami is total garbage
  - hi-v-rocknroll 2y ago
    It's America, where single-occupant pickup trucks equal freedom. And so public transportation became largely viewed as a signal of low-status, which is why it's so inefficient and neglected. America had many local tram services that were ripped up because it seemed like cars were better and the future.
    - selimthegrim 2y ago
      I will say one benefit of living in feudal-until-Katrina New Orleans is the excellent streetcar system
      - hi-v-rocknroll 2y ago
        Houston would need another 5 hurricanes to be livable, and ATX just wants to keep having shitty roads and more traffic with its token tram that crawls into E ATX. Where I grew up, I recall the demolition of a 1920's-era local train station took 15 years and it was replaced in the 90's with a light rail system with stations in the middle of nowhere and railcars were almost always empty. Most American cities are too badly designed to allow for efficient local public transportation. I think about the only way out is high speed rail into city cores from feeder satellite residential suburbs, and then local busses and trains. I'm glad NoLa got a clue.
yareal 2y ago
The demographics matter. Is Florida's growth young, well educated professionals? Or are we seeing boomers retire there and a concentration of conservative retirees wanting to follow their politics.
- odyssey7 2y ago
  There are young, talented, ambitious people graduating from school in Florida every year, but for tech they run into the same vicious cycle: there aren’t enough tech opportunities in Florida, so a lot of the most talented and ambitious will leave the state or find something else to do and the technology sector continues to be underdeveloped.

toomuchtodo 2y ago

I recommend reviewing Florida’s residential real estate listing volume and trend. Recent movers walked right into a trap due to the insurance market collapsing at the same time the market was overbought. I owned investment properties in Central Florida and liquidated them all last year. Simply not worth the potential exposure to Category 6 hurricanes and $5k-$10k/year in property insurance, if you can even get it if your roof is older than ~10-15 years. Repairs post hurricane could take months, if not a year or more. https://www.newsweek.com/florida-homeowners-desperately-trying-move-out-1874173 https://www.newsweek.com/florida-homeowners-desperately-tryi... https://www.redfin.com/news/housing-market-tracker-march-2024/ https://www.redfin.com/news/housing-market-tracker-march-202... https://www.wusf.org/weather/2024-02-06/florida-stronger-hurricanes-climate-scientists-category-6 https://www.wusf.org/weather/2024-02-06/florida-stronger-hur... https://www.reuters.com/legal/legalindustry/5-trends-watch-2024-with-floridas-property-insurance-market-2024-02-22/ https://www.reuters.com/legal/legalindustry/5-trends-watch-2...

selimthegrim 2y ago
Category 6 isn’t officially a thing yet.
- toomuchtodo 2y ago
  Should I have waited to sell until it was? Not my bags to hold. The insurance industry is already forward looking in this regard (pricing snapping towards risk models), I’m just riding their coattails.
  - selimthegrim 2y ago
    I mean, the Florida state govt. doesn’t deserve your tax money so I salute you anyway.
    - toomuchtodo 2y ago
      Reducing exposure to a dysfunctional governance system is a pleasant byproduct for sure.

hi-v-rocknroll 2y ago

Florida isn't a metro area, it's a state. Maybe you mean Miami. I don't know why anyone would want to live there: - Way more obese people - Lower intelligence level - Humid AF - Rains all the time - Hurricanes - Flooding - Insane, brutal governor

selimthegrim 2y ago
<s>Because no science ever got done in like Calcutta ever</s> Although I will say the bus system in Miami is total garbage
- hi-v-rocknroll 2y ago
  It's America, where single-occupant pickup trucks equal freedom. And so public transportation became largely viewed as a signal of low-status, which is why it's so inefficient and neglected. America had many local tram services that were ripped up because it seemed like cars were better and the future.
  - selimthegrim 2y ago
    I will say one benefit of living in feudal-until-Katrina New Orleans is the excellent streetcar system
    - hi-v-rocknroll 2y ago
      Houston would need another 5 hurricanes to be livable, and ATX just wants to keep having shitty roads and more traffic with its token tram that crawls into E ATX. Where I grew up, I recall the demolition of a 1920's-era local train station took 15 years and it was replaced in the 90's with a light rail system with stations in the middle of nowhere and railcars were almost always empty. Most American cities are too badly designed to allow for efficient local public transportation. I think about the only way out is high speed rail into city cores from feeder satellite residential suburbs, and then local busses and trains. I'm glad NoLa got a clue.

yareal 2y ago

The demographics matter. Is Florida's growth young, well educated professionals? Or are we seeing boomers retire there and a concentration of conservative retirees wanting to follow their politics.

odyssey7 2y ago
There are young, talented, ambitious people graduating from school in Florida every year, but for tech they run into the same vicious cycle: there aren’t enough tech opportunities in Florida, so a lot of the most talented and ambitious will leave the state or find something else to do and the technology sector continues to be underdeveloped.