Milton Damages and Impacts to Stocks We Own - FRPH AIV ALCO MAA CPT NXRT JOE

[Spekulatius]

It does seem like some people have enough :

https://www.wsj.com/us-news/they-came-to-florida-for-a-slice-of-paradise-now-they-are-packing-their-bags-41d7275a?mod=trending_now_news_1

[Gregmal]

2 hours ago, Spekulatius said:

It does seem like some people have enough :

https://www.wsj.com/us-news/they-came-to-florida-for-a-slice-of-paradise-now-they-are-packing-their-bags-41d7275a?mod=trending_now_news_1

It will be interesting to see what the real data says in the next year or two. These type of articles so far, have been awfully misleading. I saw one talking about businesses fleeing Miami, only to find out that the three addresses vacated were promptly leased up at higher rates than the previous tenants had. I’ve seen countless articles about people leaving, yet they fail to mention that the net migration is still positive. 
 

Anecdotally, I know of a few people whom have taken the money and run from south Florida. Given the moves in price, who can blame them? But for all the sellers, there are still buyers. 
 

That’s said, the insurance issue is legitimate. It’s broken. And despite the “free state of Florida”, rhetoric, a big part of the problem imo is government involvement in the process of setting prices.