if it's still true, one reason for high-variance NYers to relocate to FL was that under FL bankruptcy laws, personal homes were exempt — which used to mean that buying something fancy in FL and domiciling there was a way to "lock in" gains for those who suspected their random walks might also hit an absorbing barrier at "zero"...

In the 1960s already, the culture premium for all ranks (not sure about the property insurance) was famously lower in Miyamifla than in Haarlem?

https://en.wikipedia.org/wiki/Midnight_Cowboy