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re: Will the astronomical rise in homeowners/flood insurance empty out the Southshore?

Posted on 5/22/23 at 3:07 pm to
Posted by swampwiz
Member since Nov 2015
86 posts
Posted on 5/22/23 at 3:07 pm to
I drove through Abita Springs after Ida, and I could not believe how many trees were down.
This post was edited on 5/22/23 at 3:08 pm
Posted by cgrand
HAMMOND
Member since Oct 2009
46305 posts
Posted on 5/22/23 at 3:09 pm to
quote:

St Tammany got rocked hard by Ida.
tangi got it worse and my rate in Hammond actually went down. There doesn’t seem to be any rhyme or reason to the rate calculations
Posted by sidewalkside
rent free in yo head
Member since Sep 2021
4267 posts
Posted on 5/22/23 at 3:10 pm to
I can't emphasize this enough....frick NOLA.com and their paywall bullshite.
Posted by elprez00
Hammond, LA
Member since Sep 2011
31302 posts
Posted on 5/22/23 at 3:10 pm to
One of the guys that works for me will be paying more per month for his escrow than he does for his mortgage premium as of June 1. I don’t see how this is sustainable.
Posted by Tommy Noble
Member since May 2013
701 posts
Posted on 5/22/23 at 3:13 pm to
If you’re on your phone, use reader mode to get around the paywall.
Posted by Ingeniero
Baton Rouge
Member since Dec 2013
21838 posts
Posted on 5/22/23 at 3:13 pm to
quote:

One of the guys that works for me will be paying more per month for his escrow than he does for his mortgage premium as of June 1. I don’t see how this is sustainable.


I don't either. Not exactly sure what we're supposed to do, and that's if you can even find someone to write for you.
This post was edited on 5/22/23 at 3:14 pm
Posted by sidewalkside
rent free in yo head
Member since Sep 2021
4267 posts
Posted on 5/22/23 at 3:15 pm to
My premium went from approx. 1800 a year to to 2500 to 4500 now almost 10,000 a year. unsustainable
Posted by swampwiz
Member since Nov 2015
86 posts
Posted on 5/22/23 at 3:19 pm to
quote:

My premium went from approx. 1800 a year to to 2500 to 4500 now almost 10,000 a year. unsustainable

WOW! Where are you at? What area under beam?
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
148061 posts
Posted on 5/22/23 at 3:22 pm to
Federal government never should have been subsidizing insurance to begin with... wouldn't have these issues coming to a head like this
Posted by Gee Grenouille
Bogalusa
Member since Jul 2018
7532 posts
Posted on 5/22/23 at 4:25 pm to
I'm just looking for a different place to live. To hell with this shite.
Posted by Monsieur le Duc
Château de Chantilly
Member since Aug 2014
708 posts
Posted on 5/22/23 at 4:36 pm to
quote:

Federal government never should have been subsidizing insurance to begin with... wouldn't have these issues coming to a head like this




nfip only exists because places like louisiana are utterly uninsurable in the private market
Posted by doublecutter
Member since Oct 2003
6995 posts
Posted on 5/22/23 at 4:36 pm to
My homeowners plus flood is $11k a year. Metairie Lakefront.
Posted by Athis
I AM Charlie Kirk....
Member since Aug 2016
15679 posts
Posted on 5/22/23 at 4:37 pm to
The last 3 years all (HO, PT, FI) have gone up. That hasn't happened before that time period. Last year there was a vote to raise property tax to give the police a raise.. I know a lot of people who wouldn't have voted for that if they knew the high+ jump in the insurances. I am just praying we don't have a busy season for a couple of years so HO can go down...
Posted by dgnx6
Member since Feb 2006
85528 posts
Posted on 5/22/23 at 4:39 pm to
Dont look now, but the continuing rise in car insurance too. Basically, it's going to cost too much to live in Louisiana on the lower ages.







Posted by turnpiketiger
Member since May 2020
11981 posts
Posted on 5/22/23 at 4:40 pm to
If it’s not the lack of economic opportunity and crime it’s the cost of living. Such a sad thing to sit by and watch honestly.

I hate seeing Louisiana go down and down and down. I love the state and like many others wish we didn’t have to leave it. The reality is, it’s just got so many factors working against it. No matter how much you love Louisiana it’s real hard to justify.
Posted by Dog Tree
Member since Sep 2019
511 posts
Posted on 5/22/23 at 4:42 pm to
That POS JBE has not done a damn thing to try and help the insurance situation.
Frick him.
Posted by dgnx6
Member since Feb 2006
85528 posts
Posted on 5/22/23 at 4:44 pm to
quote:

If it’s not the lack of economic opportunity and crime it’s the cost of living. Such a sad thing to sit by and watch honestly.

I hate seeing Louisiana go down and down and down. I love the state and like many others wish we didn’t have to leave it. The reality is, it’s just got so many factors working against it. No matter how much you love Louisiana it’s real hard to justify.



Louisiana is a good indication on how the country will go. Not enough people doing the rt thing, too many making it miserable for everyone else.

Like why the frick should i have insurance and drive like a normal person and pay my bills? Half the damn state doesnt.

Posted by greenbean
USAF Retired - 31 years
Member since Feb 2019
6078 posts
Posted on 5/22/23 at 5:14 pm to
quote:

My current plan is to build a house in northern St. Tammany. I'm planning on putting a metal roof and as much structural resilience as possible. Will that be enough?



I talked to my roofer about a metal roof. He said no company will give much of guarantee/warranty on a metal rough due to all the maintenance that is required.
Posted by chalmetteowl
Chalmette
Member since Jan 2008
53550 posts
Posted on 5/22/23 at 5:33 pm to
quote:

Louisiana is a good indication on how the country will go. Not enough people doing the rt thing, too many making it miserable for everyone else.


I don’t think the rest of the country where things are actually functional is a good comparison… and the rest of the country doesn’t get hurricanes like we do
Posted by 777Tiger
Member since Mar 2011
88149 posts
Posted on 5/22/23 at 5:35 pm to
quote:

Costing upwards of $1000 a month to live in a home that paid off.



pfffft, I pay more than that for a paid of house in the DFW area, not quite as much for the property in FL. but it's definitely a racket
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