adamgreenfield,
@adamgreenfield@social.coop avatar

I’ve been expecting this for quite some time now – this and Florida, actually. This is the harbinger of a more complete abandonment: in practical terms, uninsurable means undevelopable. I expect this to cascade as well. https://www.ocregister.com/2023/05/26/state-farm-says-no-new-property-insurance-clients-in-california/

acousticmirror,
@acousticmirror@post.lurk.org avatar

@adamgreenfield I also expect the seaside and coastal RE markets to collapse sooner rather than later.

adamgreenfield,
@adamgreenfield@social.coop avatar

@acousticmirror 👆👆👆👆👆

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