Sure, it is on to who you are & what you do...... and if you are on the inside looking out or the outside looking in.
If you are in construction or home furnishings - it is a boom!
How does this affect the people who were damaged? or a retired person? It is not a boom!
Florida lost a lot of tourism. That is loss that probably can't be made up. Many suffered & are still suffering. Insurance money - hah! When was the last time you made out good with an insurance company on a large loss?
Prices.... supply & demand. You think anyone is getting a good deal on remodeling or replacing anything? Nadda... prices are up. So if you are just a homeowner with a remodeling project - it is costing you more.
The only people I can see making out here, is the people with businesses of replacement of those things lost or damaged in the storms. Yes, for those people - the economy is booming! For average Joe citizen - it is more difficult to make ends meet.
It may be booming now - but the storms are going to have a long reaching effect:
Insurance rates? Insurance is already high in Florida......and it is getting harder to get it every year. Companies can only write a certain quota of business in Florida. EVERYONE is going to pay for this one! Just wait until you see your renewel rates....
Taxes - You have to get a building permit for everything. The State of Florida is very good about keeping track of improvements..... it doesn't take long for additions or remodeling to hit you at tax time. As long as you don't do anything major to your property, they can only raise the taxes 15% a year - but do major improvements, additions, or move - WOW!
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