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SWBTATTReg

(26,414 posts)
2. He won't, but the insurance companies will, and those people whose premiums will go up through the roof, will
Fri Oct 11, 2024, 05:54 PM
Oct 2024

spur developments in these prone areas.

Thing is, people still want to go to FL, live in FL, etc., etc., etc.

They already have seen these disasters time and time again, costs keep going up and up, and pretty well will get to the point that soon, no one will be able to afford to live there, and as a result, cost of living will escalate upwards, as well as wages, and more and more will lack insurance (too expensive) and fewer homes will be built as fewer people can afford the insurance.

Self-insurance is there, but how many people can afford to do this?

So far, it's been Helene, Milton, and others not named here, and then there are some depressions out there in the ocean/gulf, w/ potentials to develop too, into yet more storms. Some years go by w/o any serious developments but this year, it's been quite a ride.

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