But Trepp pointed to real estate taxes and property insurance as "being particularly affected by the growing threat of hurricanes," even though the area hasn't been directly hit by a hurricane since 1921. The best way to see the growth of these two expenses is by year-over-year comparisons. Real estate taxes went up 3.5% in 2020, 1.7% in 2021, 4.0% in 2022, and 8.6% in 2023. 𝐀 𝐛𝐢𝐠 𝐣𝐮𝐦𝐩 𝐢𝐧 𝟐𝟎𝟐𝟑, 𝐛𝐮𝐭 𝐧𝐨𝐭𝐡𝐢𝐧𝐠 𝐜𝐨𝐦𝐩𝐚𝐫𝐞𝐝 𝐭𝐨 𝐭𝐡𝐞 𝐜𝐥𝐢𝐦𝐛 𝐨𝐟 𝐢𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐫𝐚𝐭𝐞𝐬 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐞𝐧𝐝-𝐭𝐨-𝐞𝐧𝐝 𝟏𝟑𝟐.𝟐% 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞. 𝐓𝐡𝐞 𝐦𝐨𝐫𝐞 𝐬𝐨𝐛𝐞𝐫𝐢𝐧𝐠 𝐩𝐚𝐫𝐭 𝐰𝐚𝐬 𝐭𝐡𝐞 𝐲𝐞𝐚𝐫-𝐨𝐯𝐞𝐫-𝐲𝐞𝐚𝐫: 𝟖.𝟕% 𝐢𝐧 𝟐𝟎𝟐𝟎, 𝟏𝟕.𝟒% 𝐢𝐧 𝟐𝟎𝟐𝟏, 𝟐𝟓.𝟖% 𝐢𝐧 𝟐𝟎𝟐𝟐, 𝐚𝐧𝐝 𝟒𝟒.𝟔% 𝐢𝐧 𝟐𝟎𝟐𝟑. 𝐇𝐨𝐰 𝐡𝐢𝐠𝐡 𝐰𝐢𝐥𝐥 𝐢𝐭 𝐠𝐨 𝐭𝐡𝐢𝐬 𝐲𝐞𝐚𝐫?" https://lnkd.in/euBjZ2tH