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The Florida Blueprint: Inflation


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  • 4 weeks later...

https://www.nbcnews.com/politics/rcna142316

 

While costs have been rising across the country, some areas of Florida have been hit particularly hard. In the South Florida region, which includes Miami, Fort Lauderdale and Palm Beach, consumer prices in February were up nearly 5% over the prior year, compared to 3.2% nationally, according to the most recent data from the Bureau of Labor Statistics.

Homeowners insurance rates in Florida rose 42% last year to an average of $6,000 annually, driven by hurricanes and climate change, and car insurance in Florida is more than 50% higher than the national average, according to the Insurance Information Institute. While once seen as an affordable housing market, Florida is now among the more expensive states to buy a home in, with prices up 60% since 2020 to an average of $388,500, according to Zillow.

For Carter, who made the move in 2022 from Kansas to a suburb of Orlando for the weather, beaches and to be closer to her grandchildren, the costs began to quickly pile up. She purchased a manufactured home and initially expected the lot rent in her community to be $580 a month. But when she arrived she learned her monthly bill was actually $750, and by the time she left it had jumped to $875 a month. Along with the $9,000 in repairs from the armadillos, her car insurance doubled and Hurricane Ian destroyed her home’s roof on her 62nd birthday.

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45 minutes ago, Tiberius said:

https://www.nbcnews.com/politics/rcna142316

 

While costs have been rising across the country, some areas of Florida have been hit particularly hard. In the South Florida region, which includes Miami, Fort Lauderdale and Palm Beach, consumer prices in February were up nearly 5% over the prior year, compared to 3.2% nationally, according to the most recent data from the Bureau of Labor Statistics.

Homeowners insurance rates in Florida rose 42% last year to an average of $6,000 annually, driven by hurricanes and climate change, and car insurance in Florida is more than 50% higher than the national average, according to the Insurance Information Institute. While once seen as an affordable housing market, Florida is now among the more expensive states to buy a home in, with prices up 60% since 2020 to an average of $388,500, according to Zillow.

For Carter, who made the move in 2022 from Kansas to a suburb of Orlando for the weather, beaches and to be closer to her grandchildren, the costs began to quickly pile up. She purchased a manufactured home and initially expected the lot rent in her community to be $580 a month. But when she arrived she learned her monthly bill was actually $750, and by the time she left it had jumped to $875 a month. Along with the $9,000 in repairs from the armadillos, her car insurance doubled and Hurricane Ian destroyed her home’s roof on her 62nd birthday.

A few items to mention here:

1) Orlando is now absurdly expensive and not dropping soon most likely, supply is low for homes and demand is huge. In 2018 I recommended many people move south where similar cost for better lifestyle, now it is better lifestyle for much higher cost, unless you are moving from NYC, or other major city. 

2) the article quotes people who moved to an extremely expensive area (West Palm) and seemed surprised at the cost and congestion. Moving somewhere without research is on them. 

3) anyone moving to Orlando to buy a manufactured home is about 40 years late, they are cheap to buy because they are expensive to maintain and the land rentals are very unstable. Also car insurance doubling means she was in accidents for certain, my insurance has not increased by even 50% since 2016. 

4) last point is before moving here do some research, the costs are continuing to rise because it continues to grow. Know what it costs and expect it to be whatever the national inflation is + some.

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1 hour ago, Orlando Tim said:

A few items to mention here:

1) Orlando is now absurdly expensive and not dropping soon most likely, supply is low for homes and demand is huge. In 2018 I recommended many people move south where similar cost for better lifestyle, now it is better lifestyle for much higher cost, unless you are moving from NYC, or other major city. 

2) the article quotes people who moved to an extremely expensive area (West Palm) and seemed surprised at the cost and congestion. Moving somewhere without research is on them. 

3) anyone moving to Orlando to buy a manufactured home is about 40 years late, they are cheap to buy because they are expensive to maintain and the land rentals are very unstable. Also car insurance doubling means she was in accidents for certain, my insurance has not increased by even 50% since 2016. 

4) last point is before moving here do some research, the costs are continuing to rise because it continues to grow. Know what it costs and expect it to be whatever the national inflation is + some.


 

 

Breaking News:  

 

“Booming area led by folks fleeing blue states that is well run and is hiring sees costs of living increases.”

 

Film at 11.  

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2 hours ago, Orlando Tim said:

A few items to mention here:

1) Orlando is now absurdly expensive and not dropping soon most likely, supply is low for homes and demand is huge. In 2018 I recommended many people move south where similar cost for better lifestyle, now it is better lifestyle for much higher cost, unless you are moving from NYC, or other major city. 

2) the article quotes people who moved to an extremely expensive area (West Palm) and seemed surprised at the cost and congestion. Moving somewhere without research is on them. 

3) anyone moving to Orlando to buy a manufactured home is about 40 years late, they are cheap to buy because they are expensive to maintain and the land rentals are very unstable. Also car insurance doubling means she was in accidents for certain, my insurance has not increased by even 50% since 2016. 

4) last point is before moving here do some research, the costs are continuing to rise because it continues to grow. Know what it costs and expect it to be whatever the national inflation is + some.

What is the purpose of the insurance companies making people replace roofs that are only 9 years old or less? Did they change how they construct them because of the hurricanes? Seems pointless if the whole house is laying on the ground but the roof is intact laying on top of the debris or blown away in one piece? 

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7 minutes ago, 4th&long said:

What is the purpose of the insurance companies making people replace roofs that are only 9 years old or less? Did they change how they construct them because of the hurricanes? Seems pointless if the whole house is laying on the ground but the roof is intact laying on top of the debris or blown away in one piece? 

I used to work in insurance so I have a better understanding than most so this is longer than need be probably. I left insurance world in 2013 to teach and my last year there was with one of the 4 biggest Property insurers in FL. At that time we were spending more money on lawsuit claims then on straight paid claims. The law on the books until 2023 was if someone could prove insurance owed one more dollar than was paid that the insurance company had to pay out for the insured lawyers. Over time lawyers when they were confident they were going to get paid started getting engineers and other people to fluff the bill so that 10k roof which was fluffed up to $12k became a 40k payout. The reason for the 9 year old roof is most likely one or more of these three 1) roof is not of better roofing materials 2) they have already shown a penchant for calling in claims 3) the insurance company is shrinking their coverage in the area and want only the best risk, so if they want to lose them or their neighbor and they want the better risk.  I was able to keep my roof until it was 21 years old, I paid to have it changed myself and my insurance dropped by 25%, so I was paying for the higher risk. FL insurance has made definite improvements over the past year but it will take time for it to shake out. 

5 minutes ago, Joe Ferguson forever said:

Insurance costs will just get worse while y'all deny global warming.  100 degree days suck....

That happens on average three times a year in Orlando, the record is 7 days in one year and that was a century ago 

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4 hours ago, Tiberius said:

https://www.nbcnews.com/politics/rcna142316

 

While costs have been rising across the country, some areas of Florida have been hit particularly hard. In the South Florida region, which includes Miami, Fort Lauderdale and Palm Beach, consumer prices in February were up nearly 5% over the prior year, compared to 3.2% nationally, according to the most recent data from the Bureau of Labor Statistics.

Homeowners insurance rates in Florida rose 42% last year to an average of $6,000 annually, driven by hurricanes and climate change, and car insurance in Florida is more than 50% higher than the national average, according to the Insurance Information Institute. While once seen as an affordable housing market, Florida is now among the more expensive states to buy a home in, with prices up 60% since 2020 to an average of $388,500, according to Zillow.

For Carter, who made the move in 2022 from Kansas to a suburb of Orlando for the weather, beaches and to be closer to her grandchildren, the costs began to quickly pile up. She purchased a manufactured home and initially expected the lot rent in her community to be $580 a month. But when she arrived she learned her monthly bill was actually $750, and by the time she left it had jumped to $875 a month. Along with the $9,000 in repairs from the armadillos, her car insurance doubled and Hurricane Ian destroyed her home’s roof on her 62nd birthday.

The political climate of the state is an important part of this piece.

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2 minutes ago, Joe Ferguson forever said:

The people that left felt intimidated by MAGAs there. When they’re deplorable, it doesn’t take a majority. Read the piece. 

 

They were libs who destroyed their states and decided to move to Florida.  They found there were a lot of Repubs (shocker!) so they moved back to their safe spaces.

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1 minute ago, Doc said:

 

They were libs who destroyed their states and decided to move to Florida.  They found there were a lot of Repubs (shocker!) so they moved back to their safe spaces.

Several had lived in Fla for decades. They noticed a drastic change. Last couple of trips to see friends there convinced me not to return. Our friends moved to Williamsburg. Much more civil and sophisticated…

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2 minutes ago, Joe Ferguson forever said:

The people that left felt intimidated by MAGAs there. When they’re deplorable, it doesn’t take a majority. Read the piece. 

I read the piece again and it says the first lady is "middle of road Republican" but did not want to discuss politics, you assume it is maga because is makes it easier for you rationalize, but much of Orlando went for Biden. Secondly they make a statement in the article that is factually incorrect, property taxes in FL stay about the same because of state law, my property taxes are $200 more a year now then in 2004 when I bought home despite it being 3 times the value.

1 minute ago, Joe Ferguson forever said:

Several had lived in Fla for decades. They noticed a drastic change. Last couple of trips to see friends there convinced me not to return. Our friends moved to Williamsburg. Much more civil and sophisticated…

Williamsburg VA is more sophisticated than where in FL?

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25 minutes ago, Orlando Tim said:

 

 

25 minutes ago, Orlando Tim said:

I read the piece again and it says the first lady is "middle of road Republican" but did not want to discuss politics, you assume it is maga because is makes it easier for you rationalize, but much of Orlando went for Biden. Secondly they make a statement in the article that is factually incorrect, property taxes in FL stay about the same because of state law, my property taxes are $200 more a year now then in 2004 when I bought home despite it being 3 times the value.

Williamsburg VA is more sophisticated than where in FL?

 From a 30 year Fla resident.

Having grown up in Oklahoma, Smith considered herself a Republican, but as Florida’s politics shifted to the right, she said she began to consider herself a Democrat. It wasn’t until the past several years, though, that politics started to encroach on her daily life — from feuds between neighbors and friends to neo-Nazis showing up at a Black Lives Matter rally in her small town.

“When I first moved to Florida, it was a live-and-let-live sort of beach feel. You met people from all over, everybody was relaxed. That’s just gone now, and it’s shocking. It’s just gone,” said Smith, 61, who works as a graphic designer and illustrator. “Instead, it’s just a constant stressful atmosphere. I feel as though it could ignite at any point, and I’m not a fearmonger. It’s just the atmosphere, the feeling there.”

    Our friends moved from st Augustine. We went to watch the TPC championship one year. Some of the spectators thought they were at a wrestling show. Wouldn’t be tolerated at a Williamsburg top course. The point about driving is also important. I’ve been passed several times by rednecks in chargers doing over 100. Rarely see cars pulled over or police cruisers

   To each his own. Likely suits you fine

 

Edited by Joe Ferguson forever
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1 hour ago, Joe Ferguson forever said:

Several had lived in Fla for decades. They noticed a drastic change. Last couple of trips to see friends there convinced me not to return. Our friends moved to Williamsburg. Much more civil and sophisticated…

 

My son went to William&Mary and still lives in Williamsburg.  Highest per-capita of pancake houses in the US.  Screams sophistication...

 

1 hour ago, Joe Ferguson forever said:

 From a 30 year Fla resident.

Having grown up in Oklahoma, Smith considered herself a Republican, but as Florida’s politics shifted to the right, she said she began to consider herself a Democrat. It wasn’t until the past several years, though, that politics started to encroach on her daily life — from feuds between neighbors and friends to neo-Nazis showing up at a Black Lives Matter rally in her small town.

“When I first moved to Florida, it was a live-and-let-live sort of beach feel. You met people from all over, everybody was relaxed. That’s just gone now, and it’s shocking. It’s just gone,” said Smith, 61, who works as a graphic designer and illustrator. “Instead, it’s just a constant stressful atmosphere. I feel as though it could ignite at any point, and I’m not a fearmonger. It’s just the atmosphere, the feeling there.”

    Our friends moved from st Augustine. We went to watch the TPC championship one year. Some of the spectators thought they were at a wrestling show. Wouldn’t be tolerated at a Williamsburg top course. The point about driving is also important. I’ve been passed several times by rednecks in chargers doing over 100. Rarely see cars pulled over or police cruisers

   To each his own. Likely suits you fine

 

11 minutes ago, Joe Ferguson forever said:

Yes “Doc”. It’s hilarious that people’s dreams are crushed by boorish slobs and climate catastrophes. Smart people will be better informed now. 

 

Yes this "graphic designer and illustrator" who "feel[s] as thought it could ignite at any point" sounds legit.

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1 hour ago, Doc said:

 

My son went to William&Mary and still lives in Williamsburg.  Highest per-capita of pancake houses in the US.  Screams sophistication...

If “pancake”=colonial and William and Mary is a shite school, you are correct. Congratulations on your kid getting in. Highly competitive…

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5 minutes ago, Joe Ferguson forever said:

If “pancake”=colonial and William and Mary is a shite school, you are correct. Congratulations on your kid getting in. Highly competitive…

 

I've been to Williamsburg many times.  Once you visit Colonial Williamsburg a few times and eat at a pancake restaurant, you've pretty much exhausted the "sophistication" of the place.  I'm glad I won't have to spend anymore time there.

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