Quote:
Originally Posted by ithos
I believe this to be true because the decrease in home values in Florida has been primarily due to the skyrocketing insurance rates caused by the recent hurricanes. Also many high rise condos near the beaches face mandatory remediation due to long term neglect.
Since The Villages has suffered very little damage from the weather, the rates of insurance have risen only modestly in line with the overall rate of inflation.
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Very good point. I don't understand why these alarmists never distinguish between price declines between inland and coastal properties.