Florida Real Estate is off the hook

[Anonymous]

Moving to florida at this point in time is just a death sentance.

Why in the world would anyone do this?

It's not going to be cheaper. you will have no freedumbs etc...

Maga morons.

[Anonymous]

Anonymous wrote:I’m from rural Florida, a little backwater with not much going on and at least 1 hr drive to the nearest mall, no Starbucks in our entire county, etc. but we do have a Publix!

Anyways, I sold my parents 3 bed room ranch in 2014 when they died for $45k. Today Zillow says it’s worth $240k.

A home in my county, zoned for same schools as my parents house, but nicer and 4x the lot size just sold for $650k.

These numbers completely baffle me. We are not near the beach (at all; the coast line near us is all marsh, at least 1hr drive to any sand), there are no jobs there, biggest employers are the hospitals (Gods waiting room, natch) and the school system. No professional jobs other than Doctor or Teacher more or less.

I guess a doctor can spend $600k easy, and rural doctors do make more, and maybe a LOT of people moved for WFH (though schools are bad and there are no private schools, at all, I mean who could afford them until now?).

It’s just wild. I am just despairing we didn’t keep parents house, rent it out, and sell now — it best the NASDAQ!

45K sounds really really cheap for a home in Florida. Even 9 years ago. Even if it was practically falling apart. Even if it was next door to the sewage treatment facility, Even if it was right by the railroad tracks. Even if it was a 12 foot wide by 40 foot long mobile home built in 1964.

How large was the plot of land? Was it on a paved road?
OP do you think it sold for a reasonable price at the time?

[Anonymous]

Lots of people are moving to Florida every day, but lots of people are dying there every day too. I wonder what the net gain is?

In any case, it's all personal preference. Lots of people are snow birds and have another home. I know someone who found a very cheap mobile type home there and doesn't really care if it appreciates in value or not. She will probably use it during winters for the next 10 years or so before she becomes too old to keep going there. She still has her house up here. She didn't pay the big bucks for it.

[Anonymous]

Anonymous wrote:I have a theory that the millions of little boys and girls who went on family vacations to Florida as children in the 1960s-1990s have all grown up dreaming of moving to Florida. They have to find out the hard way what a cesspool the place really is.

I went on vacation to Florida once at age 10. I grew up in upstate NY. It was a million degrees every day and humid, and downpoured nightly. Misery.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Also we have the richest generation ever retiring.

My mother and MIL in NY were lower income widows.

NY reduces property tax on lower incomes and SS/Pension type income barely gets taxes at all. Both owned their small cheap to maintain starter homes outright.

Now compare this to my older brother near retrieve. He has almost 5 million in his 401ks he needs to do RMD on and around 5 million in stocks and two million bonds.

In retirement he still has a high income. Plus his NY house is big with high taxes and he in not eligible for reduced taxes when a senior due to income.

These people are going to keep coming, my brothers RMD will be $250k and his other stuff brings in $200k. He is making 450k in retirement or not.

It’s not only the richest generation; it’s also the largest generation to ever retire.

Post-Financial Crisis we had a lost decade of residential development. This country as a whole is short a few million housing units. That’s insane and the number of adults who turn 18 keeps increasing every year and far outstrips new residence construction. You now have Boomer retirees competing in the same housing market as Gen Z. And wealthy folks like your brother don’t want to be far from the areas with amenities, good doctors, good retail, etc. That happens to be the job centers where Gen Z, Millennials, and Gen X are trying to work and educate themselves/their kids.

Anywhere that has jobs or nice scenery/amenities or both are blowing up in price and will remain elevated. Why? Because we have a shortage of homes and we have pretty wide credit availability.

Do we have enough housing for citizens and green card holders? Yes, and that’s all that matters.

[Anonymous]

Anonymous wrote:Moving to florida at this point in time is just a death sentance.

Why in the world would anyone do this?

It's not going to be cheaper. you will have no freedumbs etc...

Maga morons.

FYI, libs are fleeing blue states because they prefer the freedoms guaranteed by the constitution.

[Anonymous]

Anonymous wrote:Moving to florida at this point in time is just a death sentance.

Why in the world would anyone do this?

It's not going to be cheaper. you will have no freedumbs etc...

Maga morons.

To get away from people like you

[Anonymous]

Anonymous wrote:
Lots of people are moving to Florida every day, but lots of people are dying there every day too. I wonder what the net gain is?

In any case, it's all personal preference. Lots of people are snow birds and have another home. I know someone who found a very cheap mobile type home there and doesn't really care if it appreciates in value or not. She will probably use it during winters for the next 10 years or so before she becomes too old to keep going there. She still has her house up here. She didn't pay the big bucks for it.

I posted this above. Net +400,000 between July 2021 and July 2022. Lower numerically than Texas, but higher % wise.

https://www.tampabay.com/news/2022/12/28/florida-is-fastest-growing-state-nation-census-estimates-show/

[Anonymous]

Anonymous wrote:

Anonymous wrote:I have a theory that the millions of little boys and girls who went on family vacations to Florida as children in the 1960s-1990s have all grown up dreaming of moving to Florida. They have to find out the hard way what a cesspool the place really is.

I went on vacation to Florida once at age 10. I grew up in upstate NY. It was a million degrees every day and humid, and downpoured nightly. Misery.

Ha ha. I live in Florida. My stepmom grew up in upstate New York. When she was diagnosed with a terminal illness, she wanted to go back home for her last few years. DH and I and the kids went up to visit in June, and ended up going to the goodwill to buy jackets.

[Anonymous]

I have heard people joke that Florida is the 6th borough of New York City.

[Anonymous]

Anonymous wrote:I have heard people joke that Florida is the 6th borough of New York City.

Cute how they prefer law and order.

[Anonymous]

Like many others on here, I am from Florida. Was home in the Tampa area two weekends ago. I don’t get it. I don’t see the trend sticking. People will eventually not get promoted because they aren’t in the office with others and they have yet to experience a real hurricane. That’ll get ‘em to wake up to the reality.

The sad thing is this mass migration over the last 10 years that really picked up steam ruined a lot of places. It is what it is. I don’t have much interest in going back much if at all. It’s not the same place any longer.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm in Tucson, where people are worried about water. I know 2 families who moved to central FL to escape our "impending crash when we dry up". They were both quasi-prepper families, retired with a lot of money. I wonder if this is the new place to be.

People who are worried about climate issues and move to Florida, of all places, befuddle me.

People who move to florida aren't causing climate issues. The two main climate issues facing florida are (i) rising sea levels (which can be easily managed by moving to a home well above sea level, and also is something that a lot of cities have time to plan around - like miami is raising certain streets that are prone to flooding and adding pumps to get rid of water when the tides come up) and (ii) hurricanes (which are unpredictable but can be managed, in that they happen rarely to any one area, and newer houses are able to withstand all but the worst hurricanes). Day to day living in lots of parts of florida meanwhile can be very attuned to nature, so a very good fit for outdoorsy people.

Compared with the west coast where water shortages and wildfires are becoming daily existences.

I didn't say they caused it. But if you are worried about the effects of climate change, there are lots of places to move besides Florida where it's less of an issue.

They are moving Florida for socio-political reasons or to dodge income taxes. Even if they are nominally “Democrats” in their previous life in NY or Bethesda.

Literally everyone we know who has moved to Florida in the past 5 years - both retirees and those with kids - moved to Florida for one of those two those reasons.

Another rural Floridian here. New home construction is crazy in my area. Fields are being plowed up and 3 months later a new development is in.

Families are buying the new smaller homes of about 2500 sq feet. Realtor friends say most are from the northeast and also from the Atlanta area. Our schools are good.
People are tired of paying the extreme taxes in the northeast. Many have jobs that allow them to work remotely.

We have doctors moving to the area from out of state too. They build the supersize homes.

[Anonymous]

Yup, Florida is booming like no other state. Blue states had better take note. Poor people who can’t afford to move, can’t support what’s left of the leftist controlled big cities up north.

[Anonymous]

Anonymous wrote:I am in florida. I moved for neither the taxes nor politics.

But i like living here; today, all the windows in my house are open, there's not a cloud in the sky, and it's 79'. a/c hasn't been on since probably late October. My kid goes to a nationally ranked public school. The people around us are nice, and everyone is happy.

Yeah, desantis sucks and the politics can suck. But i felt the same way living in DC for years, and i've always hated US politics (i'm an immigrant).

I live in Florida and also moved here for reasons other than taxes or politics. I love it here! Isn't it funny people in the DMV saying politics in Florida suck and that's a reason not to live here? Makes me laugh!

I am very hopeful that DeSantis does not become president but I wonder where all these folks are going to move when/if he's running the whole country.