Hell, Florida is the fastest growing state in the nation and most of it, if
not all of it, is in hurricane alley. You might see a reversal of the trends
after this last storm, my understanding is that in states like TX, FL, and
LA you have to buy a seperate policy to cover wind damage, this insurance is
on top of the federally subsidized flood insurance. Private insurers aren't
completely clueless, watch them jack rates through the roof after this
latest storm.
John Cairns
"katysails" wrote in message
...
No, FEMA should not subsidize houses built in dangerous areas by
idiots....we went around with a realtor when we were down there and almost
every house in the Cape Coral area was on a man-made canal and in a flood
plain....when we asked, we were told that it was nothing to worry
about...insurance covers everything....what an attitude....we were also
told
that the Fort Myers area is the fastest growing community in Florida with
property values going sky high....when looking for marinas, we drove down
a
street of trailers (not mobile homes...these were OLD...) on a canal that
lead out to the ICW...deep water...7 ft....they were packed in like
sardines
with no yard... out of curiosity, we called on one to see what they went
for....350K.....and there wasn't room enough on the lot to have razed it
and
put in something decent
"John Cairns" wrote in message
m...
That's weird. I remember looking at real estate prices in the are the
area
the first time we went to Sanibel and I was amazed at how much they want
for
property down there, especially on Sanibel and Captiva considering the
fact
that they are maybe 1 or 2 feet above sea level max (guessing) and
anyone
with half a brain could figure out, indeed, it's happened in the past,
that
if a big enough storm comes through it's just going to wash everything,
island and all, away. The idea of a storm causing real estate prices to
go
up is ludicrous. So know you can start a new thread, should the federal
government, through FEMA, subsidize the building of houses in high-risk
areas?
John Cairns

"katysails" wrote in message
...
No...in fact, I went to the Fort Myers paper the other night and they
had
storm pictures of Estero Island (where we stayed...) What a mess.
And
now
they're saying real estate is going to go up another 5% because of the
unavailability of building supplies. At present, we're sticking here
and
making do. Can't sail our boat down there, anyway, so what's the
point?