The aftermath of Hurricane Helene in Horseshoe Beach, Florida.CHANDAN KHANNA/Getty ImagesSome Florida homeowners are reevaluating their costs and comfort with risk post-Hurricane Helene.One seller near St. Petersburg slashed the asking price on their home, which was flooded, by 40%.Some weigh whether homeownership in Florida is worth it given the high cost of both insurance and homes.Days after Hurricane Helene devastated Florida and four other states, Compass real-estate agent Alexis Smith-Frady is picking up the pieces in her own home.More than three feet of water flooded her 1,400-square-foot bungalow in Bradenton, she said, adding that a FEMA inspector who visited deemed it unhabitable.
Similar Stories to Owning A Home In Florida Is A Huge Gamble. Some People Are Starting To Question Whether It's Worth It. on Bing News
jpandy@insider.com (Jordan Pandy,Dan Latu,Madeline Berg), Business Insider
Sun, 10/06/2024 - 3:13am
Topics: we we instead, there may be horseshoe beach chandan khanna/getty imagessome alexis smith-frady north carolina national flood insurance program tampa bay guidewire september katie mallahmallah heather cameron cameron katie mallahfloridians farmers insurance bankers insurance fema herald nerdwallet capital economics palm beach holly meyer lucas hurricane ian jon schneyer wall street journal and i tampa st pete nature jesse gourevitch environmental defense fund ryan d'amario verisk gulf coast business hurricane helene florida st petersburg smith-frady bradenton insider corelogic tampa sarasota state mallah mallah katie mallah shore acres cameron bi meyer lucas meyer lucas home people worth told price flooding years agent cost flooded market high prices year buyers costs data parts property part susceptible water live housing house premiums wind firm storm experts sell seller predict event happen expensive added living hard rebuild move residents areas choose kind sunshine risks spared coastal client major inland zones face demand cover hit repair effect surge rising feet lives storms point leave total company separate reality study affected
BING NEWS:
- Owning a home in Florida is a huge gamble. Some people are starting to question whether it's worth it.
Florida's susceptibility to hurricanes doesn't deter millions of people from buying homes there. Now some may be reevaluating the risks and costs.
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