Florida House prices dropping as people desperate to sell.

[skews13]

Because every time you buy a house, you are bidding against multi billion dollar capital investment groups.

And these groups can buy houses with problems, because they don't need financing.

We are going to need more laws/incentives regarding purchasing homes as one's primary residence.

This is correct, and something i've been advocating for years.

A home is a place to live. It's not an investment.

There needs to be not only more laws, but very strict laws regarding the purchasing of homes. Specifically, when you purchase a home, you must commit to take possession of it as a primary residence, in which you physically reside during the term of the mortgage. Your personal property taxes, and insurance rates should be regulated to reflect that purchase.

If you buy as an investment for the sole purpose as a rental property, or for resale for profit. Your property taxes should and insurance rates should be higher to reflect that purchase.

If you're a multibillion invsetment company, the purchases should have an added wealth tax added to the purchase, and if purchased for rental homes, have rent caps imposed reflecting the median rentla rates for that area.

Those are just a few examples of the many different restrictions that could be imposed to curb housing costs, and insurance rates. The goal is to take the profit motive out of home buying.

With insurance rates alone, if you live in a high risk area, such as coastal communities, or flood plains. There should be laws that allow for discounted insurance rates, and prohibitions on raising rates, if homeowners take steps to improve their homes that make them meet higher wind and flood damage building codes. Of course if a homeowner makes no claims in the event of storm damage, the insurance carrier should be completely prohibited from making any adjustments to the policy.

 

[Rambunctious]

Wrong but it's close. Republicans edge out dems.

Insurance Top Contributors

See top contributors to Insurance industries/interest groups for every election cycle from 1998 to 2024.

www.opensecrets.org

If I had a dime for every time I've heard Pelosi scream the end of insurance companies is coming... don't you get tired of being lied to?...

 

[SassyIrishLass]

More likely because the housing market is crap. Foreclosures up, like credit card debt. People are hurting

Fckn Biden and demoquacks were too focused on social crap like trans, the globull warming shit, etc and it's crept up on them

 

[ThisIsMe]

You should not post until you read for a few years//

I did read, which is why i posted that.

The high number of motivated sellers in Florida might be explained, in part, by the skyrocketing home insurance premiums in the state. In the past three years, the cost of home insurance has grown by 102 percent, according to the Insurance Information Institute (Triple-I), as the risk posed by extreme weather events is rising. Several private insurers have left the state or have stopped offering new policies.