Florida Housing Market Unfazed By Back-To-Back Hurricanes, Says Kevin O’Leary

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Florida Housing Market,Hurricanes,Kevin O’Leary

Despite recent hurricanes Milton and Helene causing widespread damage and power outages in Florida, 'Shark Tank' star Kevin O'Leary insists the Sunshine State's housing market remains robust. O'Leary attributes this resilience to favorable tax policies and business regulations, downplaying concerns about insurance costs and property taxes.

Back-to-back destructive hurricanes crossing over the Sunshine State are not enough to cast a shadow on its housing market, according to Kevin O’Leary. "I live in Florida… Listen, we have lived with bad weather forever. This is hurricane season. This is a particularly bad hurricane season. But what drives Florida is great policy on tax, great business regulatory environments," the "Shark Tank" star and O’Leary Ventures chairman said Thursday on "Varney & Co.

Leary seemed to dismiss concerns around insurance costs and property taxes being affected by the natural disasters — though some insurance providers have pulled coverage in recent years — echoing the same sentiment as Florida’s finance chief earlier this week. "You've got lots of jobs there.

 

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