Episode Details

The Paul Truesdell Podcast

Principal Storyteller and Analyst:

Paul Grant Truesdell, J.D., AIF, CLU, ChFC, RFC
Founder & CEO of The Truesdell Companies
The Truesdell Professional Building
200 NW 52nd Avenue
Ocala, Florida 34482
352-612-1000 - Local
212-433-2525 - New York

Truesdell Wealth, Inc. 
https://truesdellwealth.com

The Truesdell Companies
https://truesdell.net

The Truesdell Companies was a proud sponsor of the Eirinn Abu benefit concert for Tunnel to Towers, on February 28th at the Circle Square arena in Ocala, Florida. For more information, visit: https://eirinnabu.com or https://eirinnabu.com/event/5760795/695871447/eirinn-abu-and-tunnel-to-towers-foundation-concert

Events

The Ultimate Christmas Gift
The Story Your Family Will Cherish Forever
Casual Conversations
Friday, June 13 – 6:30 pm
Reservations Required - Call or Text:  352-612-1000

Creative Estate Distribution
Beyond Essential Estate Planning Documents
Casual Conversations
Friday, June 27 – 6:30 pm
Reservations Required - Call or Text:  352-612-1000

No Cost or Obligation – Reservations - Seating Limited - Desserts with Coffee, Tea, - Beer, Wine, - Soft Drinks, or Mocktails.

Disclaimer

You are listening to the Paul Truesdell Podcast, sponsored by Truesdell Wealth and the other Truesdell Companies. Note. Due to our extensive holdings and our clients, always assume that we have a position in all companies discussed and that a conflict of interest exists. The information presented is provided for entertainment and informational purposes only. Truesdell Wealth is a Registered Investment Advisor.

Rough Notes

Hurricane Season Foreclosure Risk Discussion
I want to discuss a convergence of factors that warrant attention as we enter the 2025 hurricane season. From an asset allocation perspective, we're observing several trends that could create significant pressure points in the housing market, particularly in hurricane-prone regions.
Let me begin with the current hurricane season outlook. The National Oceanic and Atmospheric Administration has forecast 13 to 19 named storms this season, with 6 to 10 hurricanes and 3 to 5 major hurricanes. Colorado State University projects 17 named storms with 9 hurricanes. Multiple forecasting agencies are aligned on an above-average season, which establishes the baseline risk environment we're operating in.
What makes this season different from previous years is the significant reduction in federal disaster response capacity. Since January, FEMA has reduced its workforce by approximately 2,000 employees, representing roughly one-third of full-time staff. The administration has eliminated the Building Resilient Infrastructure and Communities program, which removed 293 million dollars in previously approved hurricane and flood mitigation projects from Florida alone. These included road improvements, community safe rooms, and canal reinforcements.
The agency's long-term recovery funding office has experienced an 84 percent staffing reduction. Training programs have been curtailed, travel restrictions implemented, and senior leadership positions eliminated. This represents a fundamental shift in federal disaster response capability during what forecasters predict will be an active storm season.
The mortgage performance data presents additional concerns. Florida recorded the largest year-over-year increase in mortgage delinquencies nationally in Q1 2025, rising 46 basis points. In Q4 2024, Florida led with a 99 basis point quarterly increase. These metrics indicate underlying financial stress in a state that typically experiences significant hurricane activity.
The risk profile becomes clearer when we examine the demographics most likely to be affected. We're looking at two distinct homeowner categories with elevated vulnerability. The first group consists of high-net-worth individuals with