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A comment on ‘I Don’t Want to Be Here Anymore.’ The Economic Cost of Houston’s Heat. Parent comment

Re:‘I Don’t Want to Be Here Anymore.’ The Economic Cost of H... by toomuchtodo on Friday July 28, 2023 @01:02PM (#36909890)
That property in question is ~$650k in the Orlando area. It is not an overly fancy home, having been inside it. My property value is ~$400k, 40 years old. ~40 miles from the coast, 90 ft above sea level. I will be required to carry flood insurance, even though there is no chance my property will ever flood. I do not plan on owning this property much longer (relocating to a climate change compatible geography, based on a 100 year time horizon).

https://www.citizensfla.com/-/flood-insurance-coverage-rules...

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Re:‘I Don’t Want to Be Here Anymore.’ The Economic Cost of H... by gottorf on Friday July 28, 2023 @01:17PM (#36910095)
Got it, thanks for the answers. 1.85% of home value per year for that Orlando home is indeed quite pricey, with one source saying that the national average is about 0.35%[0]. Yours isn't cheap either at ~1%, but I would still consider that a reasonable price. Mine's roughly 0.5%.

> relocating to a climate change compatible geography, based on a 100 year time horizon

Careful who you trust: several studies of this sort ranked Vermont very highly in terms of being safe from climate change[1], but as I'm sure you've heard it recently suffered from catastrophic flooding. The final toll may come to single-digit percent of Vermont's GDP. I hear the Great Lakes area is popular for people desiring someplace safe from climate.

I wish you the best with your relocation.

[0]: https://www.creditdonkey.com/average-cost-homeowners-insuran...

[1]: https://projects.propublica.org/climate-migration/

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Re:‘I Don’t Want to Be Here Anymore.’ The Economic Cost of H... by toomuchtodo on Friday July 28, 2023 @01:22PM (#36910164)
> I hear the Great Lakes area is popular for people desiring someplace safe from climate.

Indeed, that is where I am headed. Appreciate the discourse.

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