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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (12887)	10/5/2004 1:31:34 PM
From: redfish	Read Replies (1) \| Respond to of 116555

I think that at the least it would result in less-pricey homes being built. People would re-think whether they really want that starter mansion with the high roof profile, or an old-fashioned Florida home that is a lot cheaper and more able to withstand the wind.

To: Crimson Ghost who wrote (12887)	10/5/2004 1:41:06 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 116555

Right now we are just tired. The effect, whether positive or negative on real estate, will be determined some time in the future. Immediately, people are, for the most part, claiming they will stay. Believing that 4 in one year is a freak event. That's exactly what someone selling a house will try to convey as well. Few are willing to give it up easily. It's more likely that buyers from out of state will divert to less hurricane prone areas, in the near term. As far as 2005. You never know when peoples tolerence will be exceeded and they will go back from whence they came. One thing for sure though, the price of electric will go up as will insurance costs. For the later we will not know how many houses will have insurance companies drop their policies as their is a state law saying they can't drop you until after the hurricane season. (Nov. 30) At least one insurance company has gone belly up already. The claims will be paid by the state insurance fund.