I bought my house when the market was stable and got the house 50k under market value, because it had fallen out of escrow twice. Owner was original owner and his wife died, he'd already moved.
I know we're going to have issues, thus I maintain flood insurance, but even at 5 feet above sea level, we're in one of the higher and more inland areas. So far, with Ira and Michael, we had zero issues with flooding, and they caused massive flooding all over the area. First floor of the hospital I used to work a was flooded and my current hospitals ER was flooded.
At some point, we'll sell, which should be before it goes to hell, and maybe we'll move to CT, I'm the sole inheritor to my mother's house in Fairfield. If the market holds here, we'll have $400k in equity when sell and would put that into the house in CT. It's going to need bathrooms, kitchen and central AC. The only downside to CT is the property taxes are over $1000 month right now on the house. We pay less than half that in Floriderp, because we soak the tourists and poor people for our taxes here.
But yeah, I've thought about our exit strategy from Florida already.
