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Jeffrey Deuitch
Real Estate Mindset
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Comments by "Jeffrey Deuitch" (@jeffreydeuitch2146) on "Foreclosure WAVE in Florida Getting BAD" video.
You should ask Steve for the hurricane perspective. He was in the worst of it. I rode it out at home a little north of Steve with about 90 to 100 mph winds. Was quite the experience. Lasted many, many hours. Remember Federal backed flood insurance has limited coverage. To cover large house fully for flood, requires private flood insurance for the gap. Very. Very expensive if you live in A or V zones. That will also enter into the equation. No crystal ball, but if employment/business environment degrades significantly, watch out below.
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For the most part, correct about insurance being optional if you have no mortgage. But viewers need to be one thing in mind if they are buying in a deed restricted community. The HOA can require members to have insurance, so be careful if you are considering buying in one of those places and intend to self insure.
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