There's a Home Insurance Crisis in FL; Scott Is to Blame

@#10 ... Anyone feeling cognitive dissonance from reading the comments? ...

What Is Cognitive Dissonance Theory?
www.simplypsychology.org

... Cognitive Dissonance Theory

Cognitive dissonance was first investigated by Leon Festinger, arising out of a participant observation study of a cult that believed that the earth was going to be destroyed by a flood, and what happened to its members " particularly the really committed ones who had given up their homes and jobs to work for the cult " when the flood did not happen.

While fringe members were more inclined to recognize that they had made fools of themselves and to "put it down to experience," committed members were more likely to re-interpret the evidence to show that they were right all along (the earth was not destroyed because of the faithfulness of the cult members). ...

Projecting?

Visitard isn't a good troll.

Or a smart troll.

Or a funny troll.

But he is persistent.

Developer friend of mine just finished a decent sized apartment complex in Tampa Bay area. Solid as a rock, block construction, hurricane proof windows and sliders, whole nine yards. I slept like a baby through Milton in one of the units. The insurance policy is 4x what his last apartment complexes have been.

I've been using the same insurance broker for all my residential rentals for 4-5 years now and I just had to switch insurance brokers. Every carrier my broker reps for has pulled out of FL. My insurance policy is going to be $32,000 for 23 houses. If I want coverage for wind damage, ya know from like a hurricane...the quote was an extra $128,000. Over $500/month. Average rent is $1,800. Nucking futs.

And yeah, Citizens is a joke. I've been reading articles stating Citizens has been denying most of the claims from the past couple of hurricanes, Helene and Milton.

"They'll have to pry this condo I paid for with my ex-husband's pension from my cold dead hands!"

My condo was built way back in the 1970s all concrete construction ecvept for thr roof. We also have steel shutters for every window and door. We've never had any flooding but I was still required to get flood insurance but it wasn't too expensive unlike the wind insurance for the buildibg. I hope Rick Scott and Ron Desantis catch the hell they deserve for our insurance crisis. They are both just puppets owned by the insurance industry. How much are Floridians willing to pay because po;iticians like Scott and Desantis are sold out to the insurance industry?

The problem isn't "climate change"

I recently sold one of my homes because I was tired of paying the insurance and It wasn't used but 4-5 times a year.

The insurance on my primary home tripled in 3 years simply because the property value shot up. I called my agent (my son) to complain. It basically boiled down to replacement costs.

The problem is cheap money, and our government loves it. During COVID people who didn't have a pot to piss in, or a window to throw it out of suddenly had money to burn on $100k vehicles and new homes. And that money didn't start drying up until late 2022.

The unfortunate reality is that nobody outside Florida cares what homeowners insurance costs inside Florida.

This back and forth between the state government and private insurance companies is just stupid. There is no easy solution for this.

And the economics of it will work out. Rent, prices, etc. all have to reflect the insurance costs.

It's not just Florida. My insurance and property taxes doubled this year. Bidenomics/Harrisnomics

It's not just Florida. My insurance and property taxes doubled this year. Bidenomics/Harrisnomics

Blaming the wrong people isn't going to fix the problem. What a moronic statement to make.

Your side denies the cause.
Your side points to immigrants as the problem for everything else so your side (Scott/DeSantis/Rubio, etc) can avoid doing anything.
I live in Florida.
I'm seeing this shht happening.
Anyone with an actual functioning brain knows why, who, and what is responsible.

What we're missing are solutions. Solutions take work. Thought. Intelligence.
Three things Republicans in this state refuse to do and don't have.

-Your side points to immigrants as the problem for everything

including homeowners insurance?

You don't understand what adding 20,000,000 newcomers to a tight market will do to prices? You don't understand that printing trillions of dollars and spending them on projects that don't increase productivity will cause inflation? You don't understand that free stuff isn't free?

#23 | Posted by visitor_ at 2024-10-28 10:35 AM | Reply | Flag: Source of visitor_'s 20,000,000 number

Happy Anniversary ! ! !

including homeowners insurance?

Yes. To deflect from not doing anything about it. It's a constant.

An example: I listened to two people at the PT talking about the immigrants being the first problem that has to be dealt with before anything else can be done. That immigrants are driving up the price of housing, causing rates to rise for homes and for insuring them because, apparently, immigrants don't buy home insurance or something.

I didn't say it made any sense. I didn't say it was true. It is neither of those things. But damn, they sure are a handy thing to point at and blame for everything. Aren't they?

Thanks Visitor for proving my point.
20,000,000.
Absolute nonsense.

"suddenly had money to burn on $100k vehicles"

Huh?

The three stimulus payments combined totaled $3200.

The three stimulus payments combined totaled $3200.

And just like that, another fiction destroyed by fact.

#28

That probably chased it off of this thread. But it will pop up on another thread, spouting the same tired garbage. The stupid is persistent.

"You don't understand what adding 20,000,000 newcomers to a tight market will do to prices? " -

#23 | Posted by visitor_ at 2024-10-28 10:35 AM

According to the 2020 census, Florida was America's third largest state (population wise), with 21,570,527 people.

Now, apparently, visitor_ believes Florida has 41,570,527 people, surpassing Texas and California's population.

Interesting concept.

The three stimulus payments combined totaled $3200.

And just like that, another fiction destroyed by fact.

#29 | Posted by YAV at 2024-10-28 11:24 AM | Reply | Flag:

You're not real bright, are you?

Rent moratoriums, federal enhanced unemployment, suspension of payments on student loans, PPP money for businesses (including very small businesses).

Where I was living at the time, unemployment plus the Fed payment put people at over $1000/week in paychecks. A lot of them were people who worked part time at bars and restaurants.

Anyone making $25/an hour could get the same paycheck and never leave home.

The vast majority of the money printed was not dispensed as direct payments.

-I didn't say it made any sense. I didn't say it was true. It is neither of those things. But damn, they sure are a handy thing to point at and blame for everything. Aren't they?

The GOP deserves the sign hanging around their neck saying "it's the immigrants" as a blame for every ill.

fair point

Rent moratoriums, federal enhanced unemployment, suspension of payments on student loans, PPP money for businesses (including very small businesses).

Where I was living at the time, unemployment plus the Fed payment put people at over $1000/week in paychecks. A lot of them were people who worked part time at bars and restaurants.

Anyone making $25/an hour could get the same paycheck and never leave home.

#33 | Posted by lfthndthrds

PPP money was from Trump.

But no, for workers, relying on a unemployment paycheck that pays a fraction of your former income even with the enhancement really let people buy $100,000 cars and put down a $50,000 down payment on a new home.

How stupid are you?

How stupid are you?

Do you really need to ask?

"How stupid are you?" -

#36 | Posted by Sycophant (and here's Sycophant's sage advice)

Perhaps, lfthndthrds' mind isn't all that it's cracked up to be.

But that's just a guess.

Hey magidiots, don't believe in climate change?

Your insurance company does.

How stupid are you?

#36 | Posted by Sycophant at 2024-10-28 01:14 PM | Reply | Flag:

You do realize that every minimum wage employee that wanted to make over a grand a week needed do nothing more than stay home and sign up on a computer/phone?

How stupid are you?

Do you really need to ask?

#37 | Posted by tonyroma at 2024-10-28 01:23 PM | Reply | Flag

Says the guy who recently posted "accusations are confessions" LOAO

Your insurance company does.

#39 | Posted by Nixon at 2024-10-28 01:27 PM | Reply | Flag:

Your insurance company is reacting to housing costs going through the roof. The average cost of a home in the US topped $400K last year.

"You do realize that every minimum wage employee that wanted to make over a grand a week needed do nothing more than stay home and sign up on a computer/phone?"

#40 | Posted by lfthndthrds | Flag: Sounds like a late-night infomercial

"The average cost of a home in the US topped $400K last year."

#42 | Posted by lfthndthrds

Really?

Then that must make most homeowners very happy to know that the value in their home takes them halfway to becoming a millionaire.

What a great country we live in!

Says the guy who recently posted "accusations are confessions"

Towards a direct example of someone being guilty of what they accuse others of doing: ie. Trump calling Harris a fascist when he's the one calling himself the only person who can solve problems by exercising unfettered power, and Musk decrying undocumenteds working in America as he himself once did, and claiming that Democrats are threats to democracy and the rule of law while promising to quash 34 guilty charges handed down by impartial juries.

You really are stupid, but why do you insist on proving it by trying to match wits with those who aren't as gullible or non-analytical as you?

"Says the guy who recently posted "accusations are confessions" LOAO"

#41 | Posted by lfthndthrds

Just how many asses do you have?

That two ton shut in?

Your insurance company is reacting to housing costs going through the roof. The average cost of a home in the US topped $400K last year.

Nope. That's a minor part of it here. The prices of houses going up here is due to private capital buy ups and an influx of red staters. That's over now. That spike is coming down because these idiots have lived through two hurricanes now and they didn't like it. It's not from migrants moving here buying 750K houses.

We had one hurricane after another - and massive floods with few people carrying flood insurance. We'e had development going unchecked for years - and building on wetlands and along the coast. So much of it getting wiped out over the past decade.

And the building codes get tougher and tougher - costing more and more to build.

#46

He just insists on beclowning himself over and over again with intentional misrepresentations and gaslighting.

Turds has got to be a masochist, that's the only plausible explanation I can figure.

-Then that must make most homeowners very happy to know that the value in their home takes them halfway to becoming a millionaire.

The point is that they're not very happy in Florida.

But they won't blame who you want them to blame.

so the main drivers in the increase of home insurance increases in Florida are:

Hurricanes and flooding, litigation, fraud (massive), no competition (insurance companies leaving in droves because it's not profitable in this crazy state), location that homes and businesses are building, and we have a lot of people with lousy credit.

-That spike is coming down because these idiots have lived through two hurricanes now and they didn't like it

I don't disagree but what makes them any bigger idiot than any other Florida resident?

Choosing to move to Florida?

Choosing to stay in Florida?

pick your poison

"Turds has got to be a masochist, that's the only plausible explanation I can figure." -

#49 | Posted by TonyRoma

That's actually a thing, Tony:

The Politics of Masochism

This essay explores why people sometimes act against their economic interests, and, more particularly, why people sometimes knowingly and intentionally support economic inequality even though they are disadvantaged by it, a phenomenon I call masochistic inegalitarianism. The essay argues that such behavior is an inherent and widespread feature of human nature, and that this has important though previously overlooked practical and theoretical implications for any conception of distributive justice. On the practical side, masochistic inegalitarianism suggests that any theory of distributive justice with more than the most modest egalitarian aspirations is inherently self-defeating (or at least self-limiting) because it will naturally produce the background conditions necessary to trigger masochistic behavior among the very people it is designed to assist. On the theoretical side, masochistic inegalitarianism suggests that there are serious problems with any theory of distributive justice based on the idea of hypothetical consent. This is because people with masochistic tendencies would be unlikely to consent to the distributive arrangements these theories have presumed, and the arrangements to which they would be likely to consent would allow a far greater degree of economic inequality than we are prepared to acknowledge as intuitively just. Either we must rethink our intuitions, or, as I contend, there is something about masochistic inegalitarianism that robs hypothetical consent of its moral force.