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Old 09-26-2021, 02:45 AM
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Tomcat21
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Quote:
Originally Posted by dlong View Post

Yes, everyone’s insurance will go up, not only in Florida. Plus you have to keep up on replacement costs on your homeowners. What cost 500k to replace 3 years ago, might cost 600k to replace now.
Bingo! I live in Northwest Florida, have a 2000 sq. ft. house on 5/8 acre in a nice neighborhood. I am on high ground, 25 miles inland from the Gulf and not in a flood zone. Ten years ago when I paid $185,000 for it, the house was 11 years old, today's replacement cost is $325,000. My homeowners Ins. jumped an additional $1000.00 from 2020 to 2021. Checkout the cost of construction materials in your local Lowe's or Home Depot since the Covid-19 pandemic. The jump in the price of gasoline from $2.00 to $3.00 or more a gallon has also helped the increase in cost of just about everything you purchase.
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