If You Want to Buy A House In Florida, You Better Research The Insurance Costs First

Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, reports from New York City that although housing prices in Florida are becoming more affordable relative to incomes, there’s a deeper issue. Based on Oxford Economics’ data, affordability appears strong when considering only mortgage payments. However, McIntyre points out that skyrocketing insurance costs — now sometimes as high as the mortgage itself — make the true cost of living in Florida much higher than it seems at first glance.