- Joined
- May 2, 2002
- Professional Status
- Certified General Appraiser
- State
- Arkansas
Alvarez de Vaca described a 1527 hurricane so bad it washed inland a half league, and 2 lost shipmates so disfigured they were unrecognizable. Hurricanes have been around a long time. But coastal development has flourished in the ten year hiatus from hurricane landfalls. The damage could approach a trillion dollars. I was thinking the GDP will drop in 3rd Quarter. People out of work. Sheetrock, plywood prices will skyrocket. But another boom will occur with construction, rebuilding infrastructure, engineering better structures. And we return to normal until the next such event strikes. If this sparks a bit of inflation and the FED continues to tighten, it should be a good thing for the economy. Individually, a lot of folks will have more damage to pay for than insurance to pay with. Some folks may opt to unretire from FL and move inland.
On the geological side, short term, more sinkholes may appear in Tampa region & east.
On the geological side, short term, more sinkholes may appear in Tampa region & east.