Home ownership in South Florida does not represent the financial stability that it used to — thanks to inflation and, especially, the high cost of property insurance. This hurts the people who need stability the most: seniors on fixed incomes.
Even those with a good safety net are feeling the pain — people like George Lipp, 72, who’s lived in Cooper City for 41 years. His house is paid off, he receives Social Security benefits and three retirement pensions from different employers. The retired computer programmer loves living in his Broward County suburb with his wife, but he worries about his expenses. “The only thing that’s affecting me is going to Publix and insurance,” he told the Herald Editorial Board.
“I’m just breaking even every month.”…