Florida Disaster Creates Investment Bonanza
Floridians are whistling past the graveyard. Global warming is making hurricanes more plentiful and dangerous. I’ve lived through 7 of them personally, and they are no joke. Insurance companies are skyrocketing rates or abandoning the state completely, and it’s only a matter of time before banks begin foreclosing on substantially more homeowners for not paying their insurance. I sold all 5 properties we owned in Florida, and have left the state for good. As bad as this disaster will be, savvy investors are going to get richer buying up tens of thousands of foreclosures over the next several years, and I’m