Florida Real estate - are you nuts?
I have to wonder, with all the hurricanes going on lately, what is going to happen with realestate in Florida? I mean, I have some family that moved out of Florida after the 2004 debacle, now I see on tv another hurricane is coming. Wilma. It's got 175 mph winds right now. What would you do if you lived there? How can you possibly relax. How can you get insurance? What insurance company would possible insure someone in that state right now? My grandparents just moved out of Orlando. They sold their Orlando Real Estate for a huge gain. Do you think the buyers overpaid? That market is overheated as it is. If hurricanes will cause a rollback in prices a lot of people are fucked.
