Not good. I had family on Anna Maria until recently and they got hammered pretty hard there already.
Regarding #3, I live in Del Mar where the train tracks that are part of the SD-LA train corridor are endangered. It will only cost at least $2B to move around 5-10 miles of this bluff segment of train track inland. Bluff instability has disrupted freight and passenger train traffic for years and it’s only going to get worse up and down the route.
That would be a much better investment than that knucklehead bullet train to nowhere.
I agree but the costs of moving the segment from Solana Beach/Del Mar inland is going to be brutal no matter what option is chosen. Costly tunneling will be involved and the communities and traffic circulation impacted by the construction will disrupting for years. Good chance the bluffs will collapse before the project is completed to move the tracks. Bluff erosion in the San Clemente area has already disrupted the line for weeks. The bullet train is a waste. I’m a rail fan but this bullet train project needs a quick demise. There are already huge cost overruns.
Rather than moving to North Carolina, I have stayed in Minnesota to wait for North Carolina to move here. Currently it's somewhere along I65 south of Chicago.
Hey, the demand for high-speed rail between Bakersfield and Modesto is through the roof.
Insurance is available, currently. However, with the continued storms, it is going to get harder and harder to find. Prices are up meaningfully. Not sure how anyone will continue to insure ground level homes close to the shore with water levels and floods/surge increasing. More and more people are on the coast, and more density means more losses during storm season. We happen to be elevated (stilted) so we are mostly worried about the winds. Self insurance works if you don't have a mortgage. A lot of people who live on the coast have been in these homes for a long time, are not wealthy and will struggle to rebuild and pay high insurance premiums.
Thanks for that info.
I think the changes in climate are making all local weather much more volatile.
The Federal Government isn’t insuring these properties for free. The premiums are high and the coverage ( level of service) is deemed to be subpar. I don’t anyone that wants to take the Government policy but they have no choice.
As somebody who until recently owned a portion of a property on one of Tampa’s barrier islands that just got crushed twice in two weeks, the New York Times doesn’t know what the **** it’s talking about. The insurance market in Florida is bad, but has remained in existence and functional as of three weeks ago.
Good to hear Jack. I knew you were on your way to Maine when you called from NC, but I was concerned about your house in Florida.
Think you friend in hotel business has a masters in self preservation. I have a place in the Florida panhandle, did not raise the price a dime when the demand soared because if the lack of availability.
