While hurricanes are nothing new for Florida and the Gulf and southeast, and while it can't directly be attracted to climate change, some aspects of it can. Frequency, intensity, and sea level rise. Florida, and really all the hurricane prone areas, are sitting ducks. Just wait until a big one hits in the worst possible way and in a sensitive area. I forget how close Dorian came to Miami, but imagine a category 5 parked for 24 hours in a major city. Or for Tampa Bay, imagine the worst case scenario: a hurricane like Ian making landfall on Pinellas and crossing northeast into the bay and hitting Tampa, sending 20ft of storm surge concentrated into the bay. You're talking a million homes torn up, churned up, flooded, a Katrina level even in terms of life lost. And a perfect storm like that could cross over and flood the rest of central Florida too. I know we're talking Florida, but Houston has gotten so lucky, it's in a similar position. New Orleans took 15 years for its population to recover, and there is still economic and infrastructure scar tissue that is probably going to stand for a long time, like the closed 6 flags, and homes that are still boarded up. It's a matter of time. Climate change threatening habitability of Florida has been a known factor for a long time. What happens when the average or middle class and working class people can't afford to live there anymore? Or what happens when people further away stop choosing it as an aspiring destination to retire or move to? What happens when Miami floods every other week because of sea level rise and storms? What happens when the fish are all gone because the corals are dead from scalding hot bath water temperatures in the Gulf? Or from the mass red tide and algae events (not climate related, but similarly ecological). You gradually have a state that's being swallowed by back by the ocean, by nature, and abandoned by people, economy, and eventually government. Florida is one of the canaries in the coal mine for climate change. It's a shame it will still take decades and centuries too long for the generations responsible for what's happening to fully experience. In the meantime, what happens when the private market and government can't back up these homes prone to natural disaster? Still a unfolding tragedy that's an eventuality, even without direct hits from storms, and without us spending every other dollar on making sure the world goes to shit. RIP Florida.

Very annoying having the guy's hand constantly flapping up & down in the video - and if you are showing us something, we do not need YOU constantly in the video too ! Just saying !

Good! Keep cutting the rent! Section 8 boost rent rates then every landlord wanted what section 8 pays. Section 8 paid 3times the original rent. Thxs government. Then here come the Greedy investors .

There's an elephant in the room that you're not even mentioning. It's called climate change, and what's so remarkable is that BOTH presidential candidates are promising more fracking, though admittedly, as we should expect, Republicans are really pushing for it and even want to abolish NOAA! Time to wake up people and pressure your idiotic politicians into far more action. As atmospheric CO2 levels continue to rise exponentially, so do global temperatures and their effects on climate, leading to mass immigration, inflation, more natural disasters like this, and global political instability (wars).

The great reset

Thanks for showing us around. I use to live in Tampa area.

Who cares? More money to Israel!

Well, what do you think World War III is gonna do for your prices of farmland for the prices of anything really

Correct...the housing situation needs to crash and then things will be manageable again

If you make $20/hour you can only afford $1,200/month rent max. If you make $15 its $825/month

Why should the state of Florida take money from people who choose to live in safe areas to subsidize insurance for people who choose to live in flood zones? Taking money from the poor to pay for the relatively rich always goes over well in politics.

They should outlaw renting houses in most areas

You can't charge people more then 1/3 of their net take home pay

I experienced hurricane Michael in 2018, I have PTSD now.

Underbid your competition, put them out of business. Raise prices.

This Zionist Jews state isp complicit in the genocide ofp Palestinians

You are on my home turf! My daughter lives on the water less than 1.5 miles at the most from where you were in Shore Acres. They were fortunate as their house is higher but so many homes near them are a mess. It is so frightening and people really need to reassess. Shore Acres streets floods badly with a thunderstorm, so I don’t see how people can continue to rebuild with as many big storms as there have been in the last three years. It’s such a beautiful area and my heart aches for all the people there. Thanks for this report, even though it scares me and leaves me sad!

❤hi

While i admire long term investors, I really don't know what to expect. For instance, if i invest 500k what would my portfolio look like in 2030?

The zone shouldn't be rebuilt. Paradise become a nightmare. But people loves the area and people will rebuild.

Huricanes always are bad. Florida knows the causes of water and wind. The hurican seasons just begin.

6:41 What free market? There is no free market in insurance. This is how we got in this situation in the first place. Insurance is one of the most regulated segments of the economy. What there is subsidized Citizens Insurance providing flood insurance coverage--coverage that no sane insurance company would would offer--incentivizing people to stay in and buy into these vulnerable areas. When flooding occurs, FEMA steps in using taxpayers' money to bail them out, and rebuild the exact same structures that flooded, often with no improvements, only for them to get flooded again in a year or two. On top of that, factors like NIMBYism, regulation, and labor shortages have contributed to the low supply of apartment complexes, condos, and houses and led to high home prices. This helps maintain lots of older homes that are not up to code. In a truly free market, you could build and move to wherever you want, but you'd also accept the risk without any socialized safety net. Without the guarantee of a publicly funded bailout, you'd be forced to weigh the risks of living in vulnerable areas. You'd be incentivized to ensure you're protected against natural disasters, by building high up, on stilts, building with materials that aren't destroyed by seawater, funding seawalls, etc. This could be a condition of a private insurer willing to write your policy, or allowing you to reduce your premium, or to secure a mortgage in the first place. This risk of storm surge isn't some new revelation either that we haven't had time to adapt to. The dangers of living in these low-lying areas have long been an obvious fact of life in Florida. It's only luck that has spared this Tampa Bay from more disasters in the past hundred years. Tampa likes to pretend it's immune to hurricanes. I hear all the time, "Oh it will miss us like always," or, "It won't be that bad.", or the classic, "I've lived here all my life and we've never been hit." You only have to look back to the 1921 hurricane to know this is wishful thinking. When Galveston was destroyed in 1900 by the Galveston Hurricane, they responded by raising the entire city and building a 17 foot, 10 mile long seawall. So, when another hurricane struck in 1915, they were protected. What will the citizens of Tampa Bay do?

No I don’t want to farm my own land. I’m old and disabled. I’ll just be gone and not miss this world.

Know your flood zone. Know your flood zone. Know your flood zone. Know your flood zone. Know your flood zone.

Look, I'm in tornado alley and we are beginning to see insurers pull out of some of the states here, too. But why should the government bail out FL when we all see how much worse & worse FL storms are getting? If the big bad EF5 takes out my house in NE, I'm taking the insurance money and moving hell & high water to take my elderly mother with me when I use that money to relocate to a part of the US with less tornado risk. Floridians, especially on the coasts, need to rethink their futures. I would support government sponsored relocation.

The highest natural elevation in Florida is 18 feet above sea level. The entire state is a sandbar that extends from the mainland of the US.

It takes a few days before some wannabe talks about money. Many people have lost a lot, some, everything and you talk market valuations? What an insensitive arse. There's more to life than money. And what does Reventure mean? It's not even a word. This is money boy with nothing to do except point out the obvious. Get a shovel, and do something positive. Go see if an elderly person needs something.

Control the food to control the people

They should experiment with building houses high up as well as the roads for a new futuristic look where the floods can't reach and maybe the homes could have boats as back ups

My dude, WE WANT HOUSING COSTS TO GO DOWN. If it dopes not go down people cannot afford houses. It needs to go wayyyyy down. Invest in precious metals or something

Landlord should Buy gold and silver 😂

Temecula 😂

NO FLOODS IN ARIZONA PARTNER😀

It all depends on location and needs. No call to scoff at these homes.

This is so sad. When/if they rebuild they should build the homes on stilts like they do in many seaside towns.

literally, i wouldn't pay 100k for those properties unless everybhome was built on stilts like the second floor home one

I’m still not shopping at Walmart most their foods are not healthy and the clients and costumers service are very unprofessional.

Expect more storms. We can ignore climate changes, but everyone on the planet will be impacted.

Glad I left the western hemisphere, good luck people you’re gonna need it

Texans couldn't be happier. A bunch of fruits and nuts descended on Austin just because Elon did. And the chaff shall fall away. The last thing Texas needs is Cali's left wing Snowflake population. They want everything free and no govt. They probably thought TX was going to be that way.They are doing TX a favor by leaving.❤🎉❤🎉❤ I love Texas. I used to love my home state of California until I grew up and got a good look at reality. Starting with the gov't, as far back as I can recall, its been violent, cruel and unjust.

People are stupid to buy those homes. Building on barrier Reef islands.Just silly. Good luck with that....and home prices are not going down dude! I get emails weekly from a realtor. They are a rip off in flood zones!!!!!.......In many cases in ghetto dangerous neighborhoods. 1962 fixer upper flipper houses

Saw this one coming from a mile away. Tried to turn FL’s housing market into mini California. Not gonna work, demand or pay isn’t there. Then you have hurricanes destroying everything and insurance costs that are through the roof. Much better places to be for these prices

Who wants to deal with this every year at least once?

So the person in real estate thinks the government should bail out the real estate industry but shouldn't help others (like the indigent, I presume). Funny how that works.... Banks, hedge funds, insurance companies, etc all have the same philosophy.

Florida’s a swamp hole

12 feet in north carolina

You asked it to dems. Now you got it.

checkout TN and NC

I've been trying to stop home's on flood zones but republicans keep pushing for more lives and livelihoods to be destroyed

We got hit from hurricane Ian and lost everything! We were in south Ft Myes-food insurance went from $1800.00 to $9800.00! We went back to my home state of Indiana!