I tend to agree with her. It won't stay all one piece much longer. However, here's the thing.
When will Florida first turn into big islands?
Will it be by 2030, 2040, 2050, 2060, 2070?
Because of this uncertainty of how bad storms are going to be that will change the landscape of Florida it is a big unknown.
However, if I didn't own property in Florida on the coast I likely wouldn't buy Florida coastal property either at this point simply because you don't know how long it will remain there.
For rich people it doesn't really matter. Often they own several homes and maybe a beachfront home in Florida.
Where it really matters is for people who aren't that rich to begin with and the only thing they own might be in Florida on the coast or on an island.
IF you were one of these people what would you do?
That's the big unknown.
It's really only the rich that have a lot of choices here.
The poor are likely to suffer the most in the short run and long run of all of this.
Also, this figure will likely blow you away too!
How many property owners in Florida have flood insurance?
18%
which means that most homes have no flood insurance to replace them.
This is going to be a financial nightmare for many people and many are going to have to go bankrupt to deal with this issue state wide.
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