Actually, your insurance is underpriced. Sorry, but you've given the free market economist in me a flare up. :lol:
The fact is that if property owners in high risk areas were completely responsible for the risk they represent, there would be fewer of you living there.
It really chaps my frozen a** that I'm up here chippin' ice so I can subsidize those of you that keep building and re-building on the glorious sand-bar called Florida. :wink:
Then there would be fewer of you, and the economic consequences of your existence to the rest of us would be minimal. :beer:
And this is from someone that loves it down there and is going to live there myself.
Residential Real Estate Agent · Gatlinburg, TN · Member since 2008 · 12 posts · 2 votes
19y
I live in the Great Smoky Mountains of East Tennessee. It is a wonderful place, and especially so for investors looking for a huge income and appreciaiton from the lucrative overnight renatl market...supported by 13 million annual tourists.
Most of these homes range from $200,000 to $1.4 million asking price, and yield $35,000 to $165,000 yearly income!!! it WILL be the next HOT area to invest!