Florida's final straw as despairing residents are ambushed by new crisis: 'The American dream is dead'

Florida's final straw as despairing residents are ambushed by new crisis: 'The American dream is dead' READ MORE: Florida hit by 'worst real estate crisis in decades' with condo law By Laura Parnaby For Dailymail.Com Published: 12:43, 3 November 2024 | Updated: 12:43, 3 November 2024 e-mail View comments Parts of Florida could be facing a mass exodus in the coming months due to increasingly costly tropical storms pummeling the peninsula. Hurricanes Debby, Helene and Milton most recently struck the Sunshine State , killing hundreds of people and destroying thousands of homes and businesses through a record-breaking August to October period this year.

But perhaps the most widely destructive impact of the storms was yet to come. Insurance experts told DailyMail.com that premiums have sky-rocketed in recent weeks, prompting many lifelong residents to contemplate moving out of state for the first time.

'The recent hurricanes have been a major disruption in existing or pending sales, even for unaffected homes,' said Phil Crescenzo Jr., Vice President of the Southeast Division at Nation One Mortgage Corporation. Insurance costs have soared in Florida - with experts pinpointing Tampa (pictured), Sarasota, and Manatee counties as among the worst-hit areas Davida Wheeler, 47, told DailyMail.

com she can no longer afford to live in her hometown of a decade, St Petersburg, after Hurricane Milton blew a power cable on to her rental home and it burned to the ground. (Pictured: Wheeler's hom.