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Hurricane Ian damages in Southeast estimated at $100B to $120B

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Re: Hurricane Ian damages in Southeast estimated at $100B to $120B

#21
post #6

Earlier quoted context omitted.

I know COVID stimulus has numbed people to large numbers, but $100B is a huge amount of money. It's two million people working for a year at $50k salary

They’re gonna need a lot of cheap labor to rebuild. Maybe they should charter a flight to bring some immigrants from Martha’s Vineyard

Not necessary - Florida's got a ton of illegals to do that work.

Re: Hurricane Ian damages in Southeast estimated at $100B to $120B

#22
post #4

I can only assume it will go higher. We need to push FEMA to have a 2 and done rule. After that the property must be returned back to dunes/parks/public spaces.

Hurricanes are a fact of life in the gulf and southeastern atlantic coasts. There is no area that has not have been hit twice already in the past century. So all this coastline should be dunes and park spaces?

Calgary did this after the 2013 Bow river flood. They bailed out the homeowners. But if they choose to rebuild on those lots, next time they get zero. They are on their own.

If catastrophic hurricanes are really going to happen every 10 years, should the federal government be subsidizing the coastal lifestyle and building you a new house each time?

Consider: 100B/100M taxpayers = $1000 per person. Can you really say that the average citizen of Wyoming should pony up $100 a year so Floridians can build up against the unsheltered sea instead a few miles inland?

Re: Hurricane Ian damages in Southeast estimated at $100B to $120B

#23
post #4

I can only assume it will go higher. We need to push FEMA to have a 2 and done rule. After that the property must be returned back to dunes/parks/public spaces.

Hurricanes are a fact of life in the gulf and southeastern atlantic coasts. There is no area that has not have been hit twice already in the past century. So all this coastline should be dunes and park spaces?

Yeah

Re: Hurricane Ian damages in Southeast estimated at $100B to $120B

#24

Hopefully insurance costs will not be extracted throughout the entire country. The insurance rates must reflect the true cost of residing in hurricane alley.

Can anyone even get (good) insurance in Florida at this point? I believe many large insurance providers have backed out of Florida over the past few years by making their rates so astronomical that there's only one obvious goal.

Kin Insurance covers my Florida property at ~$400k of replacement coverage with reasonable deductibles for $1800/year. I am not on the water, the property is significantly above sea level with a new roof, and I have done every mitigation recommended by the insurer (wall to roof strapping, water barrier between shingles and decking, shutter supports, etc).

Re: Hurricane Ian damages in Southeast estimated at $100B to $120B

#25
post #8

As someone who lives in Florida I am wondering when this will all come crashing down. According to McKinsey non-hurricane/weather events will skyrocket from ~20-40/year to almost 250/year causing constant water damage. Let alone from hurricanes like Ian or Irma.

Not just hurricanes--look up the looming aquifer depletion for South Florida and its effect on life for folks in Miami and the Keys.

Re: Hurricane Ian damages in Southeast estimated at $100B to $120B

#26

Hopefully insurance costs will not be extracted throughout the entire country. The insurance rates must reflect the true cost of residing in hurricane alley.

Can anyone even get (good) insurance in Florida at this point? I believe many large insurance providers have backed out of Florida over the past few years by making their rates so astronomical that there's only one obvious goal.

If people focused on functional/survivable structures, then it wouldn't be an issue. Initial construction might be 1.5x-2x the cost, but it'd be better than rebuilding every couple decades. But I guess they wouldn't be as pretty as they'd want.

Re: Hurricane Ian damages in Southeast estimated at $100B to $120B

#27
post #4

I can only assume it will go higher. We need to push FEMA to have a 2 and done rule. After that the property must be returned back to dunes/parks/public spaces.

Hurricanes are a fact of life in the gulf and southeastern atlantic coasts. There is no area that has not have been hit twice already in the past century. So all this coastline should be dunes and park spaces?

Clearly they aren’t fit for development.

Re: Hurricane Ian damages in Southeast estimated at $100B to $120B

#29
post #4

I can only assume it will go higher. We need to push FEMA to have a 2 and done rule. After that the property must be returned back to dunes/parks/public spaces.

Hurricanes are a fact of life in the gulf and southeastern atlantic coasts. There is no area that has not have been hit twice already in the past century. So all this coastline should be dunes and park spaces?

Or privately funded to keep rebuilding, yeah. Why should the rest of us have to keep paying for you to rebuild your house because you picked a stupid location and/or didn’t build strong enough in the first place?

Re: Hurricane Ian damages in Southeast estimated at $100B to $120B

#30
post #8

As someone who lives in Florida I am wondering when this will all come crashing down. According to McKinsey non-hurricane/weather events will skyrocket from ~20-40/year to almost 250/year causing constant water damage. Let alone from hurricanes like Ian or Irma.

Not just hurricanes--look up the looming aquifer depletion for South Florida and its effect on life for folks in Miami and the Keys.

Sounds like the aquifer issue in the gear plains. At least FL has desalination as an option.
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