https://www.newsweek.com/florida-homeowners-struggle-sell-their-houses-1912392Aquamarine?
Meanwhile, soaring insurance fees are also dissuading potential buyers from purchasing property as they add more costs to owning a home.
this post was submitted on 17 Jun 2024
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couldn't a rational government purchase these & put in flood mitigation improvements and such on the land? i don't particularly think bourgeois 'vacation house' owners deserve compensation but it seems like a no brainer even in a capitalist scheme. keep housing prices up, keep the remaining housing stock more viable with the improvements. but what am i saying, of course the capitalists wouldn't do something you have to wait more than a year to see positive results from
In a less capitalist framework, I think that would be a waste of resources in the vast majority of cases. So much of Florida is spread out. It would take a crazy amount of workers to get everything worth saving sufficiently prepared. I'd much prefer they pick a few metros to denisfy and harden. Then they can give folks in actual financial distress a pension for their trouble.
Even in a capitalist framework the upkeep costs might not be worth it passed a decade or three.
I feel like what will actually happen is the government bails out all the corporate owners of these properties and let's everyone else take the loss. Same thing they did in 2008 basically. That has the added benefit of making housing everywhere else get more expensive, due to climate refugees, so land speculators and landlords will be happy.