Florida’s new “property tax”

From the NY Post:

Florida home prices fall as surging insurance costs scare buyers

Home prices along Florida’s southwest coast have plummeted as excess inventory soars due to the ongoing insurance crisis that has gripped the Sunshine State.

Realtors said that the soaring cost of home insurance has scared off would-be snowbirds from buying properties in the popular corridor between Sarasota and Naples.

Potential buyers have been spooked by insurance premiums which have climbed precipitously since Hurricane Ian in 2022.

Since the storm, insurance rates rose by 42% last year, according to the Insurance Information Institute.

While Floridians paid on average $6,000 for insurance last year, the average US homeowner paid $1,700, according to the insurance watchdog.

Marlissa Gervasoni, president of the Royal Palm Coast Realtor Association, told Bloomberg that in Fort Myers, “we’re seeing anywhere from a 50%-to-100% increase in spending [on insurance costs] depending on the age of the home.”

Gervasoni said that local residents are eager to sell due to the inability to afford homeowners insurance, but the pool of potential buyers has shrunk for the same reason.

This entry was posted in Economics, National Real Estate, Unrest. Bookmark the permalink.

43 Responses to Florida’s new “property tax”

  1. Hold my beer says:


  2. grim says:

    $6k annually for home insurance? That seems nuts to me if that’s a statewide average.

  3. 1987 Condo says:

    $6k, that is nothing. My BIL is being quoted over $20,000 on his $800,000 new build in Sarasota.

    HOA fees rising also due to higher insurance related costs.

    2025 condo law, forcing associations to actually reserve for required maintenance will also jack up condo fees.

    Auto insurance going up also, windshield scam in full force, google that.
    Flood insurance will be an issue.

  4. 3b says:

    31 year old unemployed man killed his Father in Paramus on Wednesday, and called the police test evening to report it.

  5. Hold my beer says:

    We’re paying over $3,500 a year with a 1% value of the house deductible. Value of the houses has gone up, labor and supplies have gone up a lot too. and we’ve had some nasty hail storms. We were paying about $1,200 When we first moved here. Our roof and fence damage cost the insurer over 30k. I don’t think many pay for their own roof replacement in Texas. Most policies as long as you file a claim within 1 year of a hail storm that was severe enough to cause damage your policy kicks in.

  6. 3b says:

    Are these high insurance rates in Florida just for the coastal areas, or the whole state?

  7. Phoenix says:

    Y’all got money for Ukraine. You can afford it.

  8. Phoenix says:

    Take down the razor wire, slap some Neosporin ointment on that migrant’s wounds, then he can come do your roof @ 1/4 the price.

    If you can speak Spanish and make a deal directly you can get a better price without having to pay the police officer “handler’s fee.” Usually they get to these guys before you do, but that jacks up the price.

  9. Hold my beer says:

    Phoenix the roofing salesman and I were the only non Hispanics the day we got our roof replaced. There were even a few women hauling shingles up the ladders and dropping them at spots on the roof for the guys with mail guns.

  10. Fast Eddie says:

    They work their asses off… restaurants, construction, landscaping and other services. In my mid teens to late 20s, I did all those jobs. I commuted 180 miles round trip to construction sites, worked 12 hour days, drove home, showered and went to bed. Did it for months on end. I loaded trucks, sometimes pulling doubles, worked in restaurant kitchens, did it all. I admire my Latin brothers and sisters, even the ones trying to get across the border. The only problem with the border thing is that you have evil people from other countries coming in unaccounted for as well.

  11. Fast Eddie says:

    The best line I heard about that $350 mil Trump settlement is like being convicted of murder when no crime was committed, no body was found and no accusations were made. It’ll be overturned in appeal. When you have judges and district attorneys outwardly saying they’re targeting a specific person, that’s entering Guatemala style justice. Let’s destroy democracy to save it.

  12. No One says:

    Costs about $30k/yr flood plus regular home insurance for island home near Sarasota. My home replacement est is nearly $3m.
    The good news is the cost keeps obnoxious retired tri-state civil servants out of my area. They go to The Villages inland and give each other STDs instead.

  13. chicagofinance says:

    left: Red 10-0-1 since the calendar turned to 2024. Weak sched, but you still have to win the games. Only 5 games left, but there really is a chance against QPac at Lake Placid.

  14. Phoenix says:

    I really feel sorry for this ladies husband and his children. Beech had everything, now she writes a whiny book. Lease the cow, don’t buy it.

    Roden Winter, who lives in Brooklyn with her family, recalls how she was the first to have an affair within the marriage after meeting a younger man when she felt weighed down by raising two young children.

    In her mid-thirties, she describes herself as ‘the Wiper of Noses, the Doer of Dishes, the Nag in Residence’.

    After an exhausting day of childcare at home and frustrated by her husband working late Roden Winter went out for a walk and ended up having drinks with a friend.

    At a bar she meets a younger man and enters into a flirtatious conversation.

    When she recounts the interaction to her husband Stewart, 56, later that evening he is not angry but instead encourages her to sleep with the new acquaintance.

    However, while she enjoys the excitement of taking a new lover at first, when her husband asks if he can now sleep with his ex-girlfriend Lena, Roden Winter becomes tormented.

    The misery of an open marriage: X-rated polyamory memoir reveals millionaire Park Slope wife’s agony as husband frolics with lovers, while she endures bad sex in pay-hourly motel and man who ‘forgets’ to use a condom

  15. Phoenix says:

    Sounds about right. The attached link is for Bystander. It’s special. A real work of art.

    Goldman Sachs CEO David Solomon gets 24% pay RAISE to $31 million after profits at the bank plunged 24%


  16. Phoenix says:

    We work. To earn the right to work.

    To earn the right to work.

    To earn the right to work.

    To earn the right to work.

    To earn the right to give

    Ourselves the rights to buy

    Ourselves the right to live

    To earn the right to die.

  17. Phoenix says:

    I love the Bergen county Edgewater reference.

  18. leftwing says:

    chi, yeah nice run. And in a perverse way the weak schedule may help them….even if they drop some games against weak teams they still keep the RPI win…their biggest problem is that one win/loss beneath them are three teams with deep NCAA playoff history so if MI, MA, or St Cloud stop wanking off Red finds itself 15 or 16 outside looking in….

  19. leftwing says:

    It bums me out a little bit actually….hockey was one sport where if you had a D1 team (outside of Atlantic) they were generally competitive and every game mattered….now with all these recent entrants and a general watering down we’re approaching the football model…you play and beat the hell out of shit teams for 80+% of your schedule and have maybe two games that matter….boring season, some mathematical model determines advancement, and the real season starts at the end of the regular. Too bad.

  20. 3b says:

    Phoenix: She was married to a guy 20 years older than her, but a millionaire, what exactly was her exhausting day of childcare? I assume she had all sorts of paid help, including child care. As for her lover who forgets to wear a condom, how does she not know, and can’t she remind him?

  21. Phoenix says:

    Blond Beemer driver. She scares those whose jobs it is to uphold the law.


  22. Phoenix says:

    Dead baby hand picture. Influencers have to influence.

    Influencer mom’s three-year-old son dies in ‘tragic accident’ – as she posts heartbreaking photo of herself holding child’s hand in hospital after Texas police responded to ‘drowning call’

  23. Phoenix says:

    There is no thought process in the permanent victim. It’s all gone.

    3b says:
    February 17, 2024 at 6:13 pm
    Phoenix: She was married to a guy 20 years older than her, but a millionaire, what exactly was her exhausting day of childcare? I assume she had all sorts of paid help, including child care. As for her lover who forgets to wear a condom, how does she not know, and can’t she remind him?

  24. Phoenix says:

    In order to understand her pain and get the full effect, I want you to read this with the proper Texas Influencer Twang. You need to imagine yourself inside her cerebral cortex while doing this (Not her other body part.)

    “We are completely broken-hearted to share that we lost our precious Callahan in a tragic accident last week’ she wrote in a joint post with her husband David.

    ‘He was such a blessing and brought so much joy to our whole family.

    ‘Cal-Bear was absolutely adored by his big brothers and loved them beyond measure’ “the heartbroken parents wrote beneath a picture of their hands holding Callahan’s in a hospital bed.

  25. Fabius Maximus says:

    Heres one for the Hunter Hard Ons.

    Clyde Shelton@BiblicalClyde

    That’s the third witness the DOJ has indicted or arrested in connection with Hunter and Joe, let that sink in.
    1. Gal Luft
    2. Devon Archer
    3. Alexander Smirnoff

  26. Fabius Maximus says:

    I have one of my kids at Ice level in the Meadowlands. They have a friend who is tied into the NHL. Looks like quite a show.

  27. Phoenix says:

    Give this a ten/twenty second look.


  28. Bystander says:

    Calling all cult members, buy your $400 Trump golden sneakers..now for a limited time. WTF? Complete idiots supporting this insane carnival barker.

  29. Phoenix says:

    Once Trump loses his money, Melena will be gone as well, except from his morning doo doo.

    Now he knows what it feels like to be a Russian oligarch.

  30. Fabius Maximus says:

    Let the wining for a bailout begin

    AccuWeather @accuweather
    A house belonging to Kid Rock is among several homes that have recently sustained damage from beach erosion along the coastline of Jupiter Inlet Colony in Florida.

  31. Hughesrep says:

    Tough week for Kid Rock. Dad Rock just died. Largest used car dealer in Detroit.

    No talent ass clown.

    Straight out da trailer my ass.


  32. grim says:

    Straight outta Cracker Barrel.

    Dated for sure, but no doubt that was pretty swank for the 80s and early 90s.

  33. Fast Eddie says:

    The Trump sneakers: Limited edition, 1,000 pairs, sold out, not that it matters because it’s not about the money, it’s about appealing to the younger voters since they’ve soured on O’Biden. So, some people are constantly TRYING things and most other muppets whine while crumbs fall on their fat guts. If slo joe came up with something different, edgy, controversial, outrageous, infuriating or otherwise, I would say so. Telling younger muppets over and over and over that they support their decision to bludgeon their baby is not a winning strategy. Trump keeps getting knocked down and he keeps getting up. Don’t tell me that he’s anti-democracy, a naz1, blah blah blah… he’s a madman, I get it but the m’fer keeps punching back. Good luck with an old man that shits his pants only to be replaced by a token VP,

  34. Phoenix says:

    Did you buy a pair? Or were you altruistic and spend the money on Chex Mix for the kids in your neighborhood?

  35. Fast Eddie says:


    Chex mix only. The kids scratch at my door like squirrels. I named my favorite ones Patsy, Timmy, Dennis and Miss Praline.

  36. Phoenix says:

    Count your blessings, not your Chex Mix.

    Tragedy as former YouTube CEO Susan Wojcicki’s son, 19, is found dead inside his UC Berkeley dorm – as grieving grandmother says ‘our family is devastated beyond comprehension’

  37. Phoenix says:

    Can’t make solar cells and batteries working from home. Hehe. Oh, and if the Chinese are buying farmland in America, exactly who is the dope dealer selling it to them? If Americans had integrity, China couldn’t buy their land. But if you are a money wh ore…..

    A backlash against a plan by CCP-linked firm Gotion to build a $2.4billion EV battery plant in Green Charter Township, Michigan, saw locals overthrow their entire township board after it backed the proposal.

    And last month a joint House committee investigation found four ‘highly troubling’ Chinese firms were behind another EV battery project in the Wolverine State.

    Industry experts and Republicans are now urgently calling on the President to bar Beijing from swallowing billions of dollars of US taxpayer money and focus support exclusively on American firms.

  38. Phoenix says:

    Be careful. You might get a visit from CPS if your neighbor Karen drops a dime on you. Hehe.

    Fast Eddie says:
    February 18, 2024 at 9:36 am

    Chex mix only. The kids scratch at my door like squirrels. I named my favorite ones Patsy, Timmy, Dennis and Miss Praline.

  39. Phoenix says:

    Remington Arms upscale apartments. Live and shop while you enjoy the beautiful historic landscape. Embrace the rustic 1875 brickwork left exposed for you in your luxury apartment as you enjoy your craft IPA with friends. Walk the path where Eliphalet Remington strolled crafting his vision of better firearms. A historians dream come true. Hehe.

    Historic New York village that made weapons for 200 YEARS is ‘losing its soul’ as nation’s oldest gun-maker Remington shuts massive firearms factory – leaving entire families jobless
    Remington started in Ilion in upstate New York in 1816 and grew into a one million square foot factory

  40. Juice Box says:

    Nutty in Nutley..

    The home, built in 1906, was listed for $609,000 and sold for $852,000.

    A couple from Nutley wanted to sell their home and retire to Florida.She initially listed it December 1 for $599,000 but increased the price to $609,000 once the transformation was complete, she said.

    About 120 people looked at the house and it was under contract within a week.


  41. Bystander says:

    “Their” president and the MAGA truckers…shut down NYC deliveries in protest of my business fraud. But, but Joe has old and slow


  42. The Great Pumpkin says:


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