We often talk about the incredible increase in real estate values in the last five years in the Great State of Florida. The state of the hurricane, so to speak, is so flat that there is hardly anything to slow down a massive hurricane. But some still question why anyone would pay so much to live on a giant sandbar.
In fact, most of Florida is a sandbar, except for the Panhandle and the upper Orlando area. There are a few places with rocks below that extend beyond that along I-95, but let’s face it, Florida is one giant sandbar, which is tall, skinny, and flat. Their perfect catwalk model if so, what’s a good analogy, since it’s a beautiful sandbar? Real estate surges are one thing, but is that the only type of surge we should be looking at there?
But why would anyone want to live less than 12 to 18 feet above sea level when Category IV and V hurricanes are known to cause storm surges of more than 20 feet? Can you say a submerged sandbar? And how do we know that whole parts won’t move completely one day? Quicksand is well known on sandbars, see?
If you own real estate in Florida, I’m not trying to hurt your property value and I really wish you the best, but from a philosophical standpoint, you know that doesn’t really make a lot of sense, right? Maybe consider all this in 2006.