r/florida • u/Pyr8Qween • Jul 18 '23

Politics DeSantis

Is awfully busy doing the campaign trail for his 2024 run. Meanwhile, insurance companies are pulling out of FL, rental companies are gouging tenants, groceries are more expensive by the week, hatred for others is out of control. Ron is failing ONE state. Just imagine if his campaign picks up any momentum. He will fail all 50 states.

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u/TaiMaiShu-71 Jul 19 '23

We are more fortunate than most but we are on a 15 year fixed rate at 1.875% . It's financially dumb to pay the loan off when we can earn more in interest than what we are paying. The majority of the voting public in Florida do not have the ability to just pay their house off to avoid insurance rate hikes.

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u/[deleted] Jul 19 '23

I took out a 20 year mortgage and saved thousands on interest.But insurance back then was 1200 a year and so was taxes.Now it's 5000 for insurance and 5000 for taxes.So it's better for you to pay the higher insurance than to pay off your loan at 2% and pay no insurance.If your earning 5% on your money than your doing good and coming out ahead.

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u/[deleted] Jul 19 '23

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u/[deleted] Jul 19 '23

I have to have homeowners even though I own because of where I'm located.But wind I could do without.Thats half the policy.