The Damage Report
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DeSantis COLLAPSES As Florida Residents Flee Over Financial Disaster
Posted
October 21, 2023
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6:06Now PlayingRon DeSantis words come back to haunt him as Florida residents are forced to flee the state in masses as price of living becomes impossible, specifically as insurance premiums skyrocket. Francesca Fiorentini and Brett Erlich break it down on The Damage Report.
Read more here:
Florida Residents Flee State as Insurance Premiums Skyrocket up to 900%
"The skyrocketing cost of insurance premiums in Florida is leading residents to drop their insurance, consider selling their home, and even move out of the state, according to recent reports.
For years now, the sunny, vibrant state has been a magnetic destination for many Americans—a phenomenon which has been driving up demand for housing, especially during the pandemic, as well as home prices.
But while Florida was the number one state in the country that people moved to in 2022, it was also the one with the highest number of residents wanting to relocate, according to a SelfStorage.
According to the U.S. Census Bureau, an estimated 275,666 people left Florida in 2022—nearly 23,000 people every month. Most, according to the bureau, relocated to places like Georgia (46,884), North Carolina (42,301), Tennessee (36,200), South Carolina (31,456) and Texas (29,975)."
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