The worsening insurance crisis in Florida, compounded by recent storms, threatens home insurability. This could trigger a sharp fall in property values without federal intervention.
I think it’s an interesting take, but might there be potential policy shifts or market adaptations in play? What’s everyone thinking could actually help stabilize prices, or at least mitigate the crisis?
Considering the issues with home insurability, I believe the forecast for Florida’s property market might be dire if current trends persist. The combination of worsening insurance conditions and repeated storm impacts could force untimely market adjustments. From my own experience following Florida real estate, past cycles have demonstrated that without significant policy intervention, the market reacts harshly to such pressures. It appears the reliance on external crisis management is overly optimistic, potentially leading to deeper market corrections than many anticipate.
i think while the insurance issue is real, the market might adjust itself rather than completely collapse. some local adaption and minor govt moves could curb the crash, even if things get messy for a while.