Sure some are, but that is pretty much how house are priced in general, per sq ft.

Land is about 15% of value of built house in most cities.

Around here you can buy two acres for $120k.....then put a $250k house on it with zero to little cosmetic restriction (pending on area).

Sounds like out in the sticks, I am talking like in my area, you would be lucky to find a small lot to build a house for 150K.

But the question is replacement cost. Your land shouldn't be figured into replacement cost. It doesn't cost anymore in labor or materials to build a house in Frisco than it does in the sticks. What you're paying for is an overpriced builder.

Ha... if wise county is out in the sticks you'd hate to see where I grew up.

Then why don't more builders come to Frisco to build? If they can make more money

Maybe land value is too costly and that keeps out smaller home builders, Seems like in my area Shadrock, Toll Brothers, Grand Homes and Darlington build most of the homes.

Gotta love how insurance is such a scam. Considering what all is going on right now with all the operating losses, they sure ain't good at their "shenanigans".

Seems like a boring life growing up out in the country,

We stayed busy in the subrubs with bikes, friends, sports, etc.

I had the pleasure of living in both city and country at times while growing up and would take the hunting, fishing, arrowhead hunting, tank swimming all day long. We also had internal combustion engines, running water, electricity, bikes, friends and sports.

You are quoting losses and carryover from 2022 primarily from hurricane IAN. Look up publically traded insurance companies and the latest financials and the stock performance. I can do it if you want me to waste more of my time on this as I did my research before I made any posts. The PR machine goes into overdrive to scream losses to justify huge increases. Give me the word and I will waste more of my time on this deceptive industry!!!

Not 2022 anymore!!! I can do this all day long

What is that unnamed chart?

HCI I can post 10 other publically traded companies

And what the heck is HCI? Been in insurance for my entire career and have no clue what your post has to do with anything.

1.1 billion dollar market cap publicly traded company with a huge subsidiary line of insurance companies

Guess I’ll look again.

A Florida based insurance company I have never heard of after 40 years in the business. Great one to pick out. Do they offer insurance here in Texas?

I did an implementation for them last year. Based out of Florida

Why don’t you post some company we know about. You know, the major players active in Texas.

Subsidiaries


Tailrow Insurance Company
Homeowners Choice Property & Casualty Insurance Co Inc
Greenleaf Capital, LLC
TypTap Insurance Group, Inc.
Hci Insurance Administration Services, Inc.
TypTap Management Company Southern Administration, Inc.
Omega Insurance Agency, Inc.
Cypress Property Management Services, Inc.
Cypress Claims Services, Inc.
Claddaugh Casualty Insurance Co Ltd
Enclave Services, Inc.
Homeowners Choice Managers Inc
perRisk Insurance Company
HCI Insurance Administrative Services, Inc.

Progressive Corp 120billion market cap wonder what their numbers look like

Progressive is an efficient outlier they have things pretty much figured out on the auto side.

That HCI crap is just that - crap and so what.

Allstate posted $300 million loss in 23. $1.3 billion in 22.

Who is HCI again?

I only know them because I reviewed our case study with them. With that said, Im only a consumer of insurance, I just don’t think insurance companies are as hard up as premiums dictate.

As an investor, I check your re-insurance polices to make sure your arnt backing any boeing 737 Max’s

sounds like progressive should just buy allstate