[nicolezmomma]

It's a real WTF moment when I see articles like this wondering if housing has bottomed. It's so obvious that it's nowhere near bottoming from every single statistic and CEO quote that I use it as a litmus test for Bushbots here on FR.

The market here in St. Petersburg is like Antartica. Between the naturally cooling market, property taxes, and now house insurance, the market is dead as a doornail.

Last month after 13 years with no claims, we were cancelled by Nationwide. Just got a quote from Citizens (insurer if last resort) yesterday. Nowhere near waterfront or a flood zone.

Our insurance went from $3,800 to $13,758. Per year.

We, along with everyone else, can't afford to live here anymore, yet no houses are selling so we can't move.

[BurtSB]

what part of st pete ? old ne or tyrone square. it matters.

[LenS]

It sounds like a lot of insurers don't want to risk any more big hits from hurricanes. It's probably easier for an insurer to just leave the state of Florida completely than to just insure certain areas since state insurance regulators are unlikely to let a company only insure in safe areas.

Though, it may just be the nature of Florida -- the whole state is just so flat that powerful hurricanes can easily do major damage as they cross over from the Atlantic to the Gulf (or vice versa).

No matter, it's a harsh situation for you or anyone else that wants to sell.