Re: Insurance costs are going to make people stop living near the coast
Posted by
ssherripat on 9/28/2013, 3:15 pm
The market here will not turn around with the insurance crisis looming overhead. A friend was telling me yesterday that the house next door to her could not close because they were unable to obtain insurance at an affordable price -- it is not waterfront. It is one mile inland, but in an area that floods. This will affect housing markets all over the country. Wherever someone is in a floodplain. What a mess this is. |
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