[tallrick]

Not in Miami. Only the Fed can do that. In order for a hurricane to crash the real estate bubble it has to cause enough damage to crash the insurance industry.

[gypsychic]

There is no shortage of people who will STILL want homes here despite hurricanes. I have lived through many (this is my home state) and fortunately have not suffered any great losses. The bottom line is, it is easy enough for many (not all) to just leave for the hurricane season. Once my husband retires (in 4 more years), that is what we will do. We will leave for August and September at least, husband has family and property in Indiana. Florida is a snowbird state after all, and also, many people here have family and ties elsewhere to escape to if need be. Now personally I would never live anywhere in South Florida, it is just too vulnerable, but here in Sarasota/Manatee it seems to be protected.

No, there will not be any big crash in real estate prices even though I am sure there are those who are hoping there will.

[Enigma777]

Probably not. Whatever 'discounts' you gain in property price decrease will be made up in what you will pay for homeowner's insurance. Your property tax may also go up to market value, as the the tax assessor market values lag behind actual drop in home values.

[ByeByeLW]

Since it seems like southeast Florida has been good at dodging the worst stuff (hey, I know it's just coincidence) I don't think property will drop.

[Zambon]

I think values in The Keys could possibly become very cheap in the near future.

[chopchop0]

Originally Posted by Zambon

I think values in The Keys could possibly become very cheap in the near future.

They are probably cheap now lol

[little pink]

I bet property values will rise and Florida will only be for the rich who will be able to afford the cost of flood insurance . Florida will always be highly desirable and people will keep moving there.

[thrillobyte]

Originally Posted by LuisSuarez

After the 2004 hurricanes there was an exodus of people leaving the state which exacerbated the property crash. I think Irma will be the straw that causes another exodus and destroys an already fragile market.

Those of you who want to live in the Florida Keys should buy a nice used doublewide for around 15-20K


public domain

and put it in a park. You may never see another hurricane but in the unlikely event you do and it's totaled you just walk away and start over with another 20K. Think of it. You get years of pleasure living in the Keys and enjoying the Keys lifestyle without outrageous flood premiums, mortgage payments, and worries about losing your investment. That's what I'd do if I could stand the heat and humidity.

[markjames68]

Originally Posted by thrillobyte

Those of you who want to live in the Florida Keys should buy a nice used doublewide for around 15-20K


public domain

and put it in a park. You may never see another hurricane but in the unlikely event you do and it's totaled you just walk away and start over with another 20K. Think of it. You get years of pleasure living in the Keys and enjoying the Keys lifestyle without outrageous flood premiums, mortgage payments, and worries about losing your investment. That's what I'd do if I could stand the heat and humidity.

Make it waterproof and add pontoons and you could survive anything.

[popcorn247]

Flood, flood, flood...... its not just flood insurance (relatively cheap) it is homeowners insurance (with windstorm protection) that is so darn expensive. I was paying more than $4,200.00 annually in Homestead (12 miles from the coast).