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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (56336)	6/19/2006 4:11:40 PM
From: Jim McMannis	Respond to of 306849

RE:"I could have predicted that insurance costs in Florida would outstrip inflation back when Andrew hit. Were you honestly surprised that they rose so much?" N0 WAY, unless you could have foreseen bubblemania when Clints Congress gave a $500k free pass to move to FL and Greenspan opened the easy money spigots after 9/11/2001. Then you would have had to predict Charlie, Frances, Jean, Katrina, Dennis, Opal and Wilma in a couple year span. Thing is that the houses have gone up three or four times or more in value since Andrew. Not to mention more built in harms way vs those built by the earlier settlers who knew enough NOT to build in harms way. The Insurance cos. have to insure for that extra cost so while Andrew was a wake up call it was just a little one compared to what was about to come ten years later. So no, even based on Andrew you couldn't have figured housing costs. Your best bet was to remember that boomers eventually become busters.