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Miami? Have you checked home insurance rates lately? The thought of these NYC second home owners getting gutted by the next hurricane is rather amusing though.
by lorecore 4mo ago
Miami? Have you checked home insurance rates lately? The thought of these NYC second home owners getting gutted by the next hurricane is rather amusing though.
- GenerWork 4mo agoThe rich don't really care about insurance rates down here because they can a) pay them, b) tend to gravitate towards newer buildings that have better protection and c) have the money to retrofit older buildings with the necessary protection to lower insurance rates. Miami has the strictest hurricane codes in the country, so while there's a possibility that they may get gutted, it's probably going to be less than people expect. I live in FL so if you have questions about insurance feel free to ask.
- throw4847285 4mo agoBut the people who can easily afford the insurance in Florida can afford the new tax as well. And as an added bonus, they don't have to live in Florida! But in all seriousness, they all already own homes in Florida.
- unethical_ban 4mo agoSo they can pay the higher insurance without a thought, they can pay for the relocation across the country, but they're unwilling to finance public services for the city they live in.
- hnburnsy 4mo agoHomes built after 2002 in Florida are not gutted by hurricanes, they are hurricane resistant under updated building codes. The codes were even strengthened in subsequent years. Example, FEMA found no structural failure from wind in modern-code homes for Hurricane Ian.