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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: longtimebrk   😊 😞
Number: of 21943 
Subject: Re: OT: Hurricane Strength and Damage
Date: 09/26/24 10:46 AM
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No. of Recommendations: 9
"the comments I am hearing are giving some evidence the significant increases in insurance costs are pushing into the fear zone for our friends on fixed income (retired) who currently own beach property."

I have 3 waterfront properties. I no longer carry wind and just self insure. All the homes are built for Cat 5 winds. Flood insurance is very cheap since it is subsidized by the Federal Government. Capped at $250k of damages.

Newer waterfront homes built at the right elevations and to the highest standards are in very high demand. I have turned down two unsolicited offers on my latest build on Marco Island.

The older homes and condos are falling in price. No one wants the risk.



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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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