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Economic Impact Of Hurricanes

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Terrel L. Shields

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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.
 

Meandering

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Investors here are giddy, waiting for this to be over so they can swoop on down there. It's really sad. But hey, it'll keep the economy going.

If you're investing, bewary of those first lien postions from solar panels that aren't there anymore.

This is going to be a giant cluster mess for everyone, most especially the residents.

Be safe everyone.
 

Terrel L. Shields

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bewary of those first lien postions from solar panels that aren't there anymore.
Wonder who pays for that and environmental cleanup of said solar panels. If any wind generators, how many will collapse? Gluck recharging your grid fixing elec vehicle? Fossil fueled rigs alone will repair the poles, wires, etc.
 

Mr Rex

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Building materials futures are a buy.
 

Meandering

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State
Pennsylvania
Wonder who pays for that and environmental cleanup of said solar panels. If any wind generators, how many will collapse? Gluck recharging your grid fixing elec vehicle? Fossil fueled rigs alone will repair the poles, wires, etc.

You know the answers.

We'll ignore all of it, and then in 6 months cry we could have replaced solar and wind much faster and quicker than fossil fuels. As far as enviormental cleanup, way ahead of solar panels, I'm thinking raw sewage, hospital waste, low E window shrads, gasoline in underground gas station tanks, flooded cars, oil.

yuckies we won't talk about.

.

.
 

Meandering

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Real Estate Agent or Broker
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When you are dead, you don't know you're dead. It is only difficult for others. Same with stupid..

The good thing about these Hurricanes and rain events, almost makes you wonder if.........

AMCs/Lenders/Appraisers are now scrambling behind those "enhanced" desktop appraisals, BPOs and PIWs in storm impacted areas.

:whistle:

Everybody has granite countertops, heated pools, cherry cabinets and mahogany floors. Not their fault the appraiser didn't go inside, or that it all had to be removed because of mold and damage caused by the flooding.

.

.
 

Randolph Kinney

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The DeSoto Next Generation Solar Energy Center is a Photovoltaic power station in Arcadia, DeSoto County, Florida owned by Florida Power & Light (FPL).[1] President Barack Obama attended the plant's commissioning on October 27, 2009.[2] It has a nameplate capacity of 25 megawatts (MW),[3] and produces an estimated 42,000 megawatt-hours (MW·h) of electricity per year (an average output of about 4.8 MW).[4][5]

The plant cost $150 million to construct.[5] The plant consists of over 90,000 SunPower solar panels[3] with single-axis trackers on 235 acres (95 ha).[5]

FPL has to get a permit for construction of the second stage and had filed for the permit to build the third stage of the plant. At the second stage, 49 MW of capacity will be added. At the third stage, 226 MW of capacity is planned to be added bringing the total capacity of the plant up to 300 MW.[5]

https://en.wikipedia.org/wiki/DeSoto_Next_Generation_Solar_Energy_Center

Right in the path of hurricane Irma. We are talking permenat loss of power generation for months.
 

Meandering

Elite Member
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Professional Status
Real Estate Agent or Broker
State
Pennsylvania
flying solar panels and windmill blades concern me.

Are the mountings of these things hurrican rated?

Or doesn't it matter if a chunck of tree hits them and breaks them off?

Very sad and dangerous.
 
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