Search This Blog

Wednesday, September 13, 2017

Florida's Keys: what will happen now that Irma's gone?

Muddy waters left by Hurricane Irma
Do you think investors will go to the Florida Keys and grab up some cheap real estate, will insurance companies pay for rebuilding, or donations help individual homeowners recover? What about the U.S. government?

ABC News has reported that 90% of homes in the Keys have been damaged or destroyed. That's approximately 34,200 homes at a median price of $280k each. It would take $7.5 billion dollars to help rebuild them. And that doesn't include businesses, boats, cars and possessions.

During times like these, unscrupulous people with money hone in on victims. Only time will tell.






No comments:

Post a Comment

Please leave a comment or email your comments to tomimot@gmail.com.