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In reply to the discussion: Florida Faces Exodus as Residents Declare Insurance Crisis Final Straw [View all]mahina
(20,248 posts)So just like last time in 2008, people just walk away and file bankruptcy or default on their mortgages? What happens then?
I do foresee a time when the coastal buildings become homes for the poor folks and the rich folks live inland.
We are already seeing immense losses of our beaches, sand, scooped away, trees. We loved for generations, dying from lack of water as the waves lap your roots before they finally fall in.
You can protect the beach or you can protect the property, but you cant protect both. It makes a lot more sense to just demolish the property and let the ocean take what it will.
I hope theyre giving away free kayaks with all of these high-rise properties in Kakaako that are going up like a whole new Waikīkī except without the jobs.