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[quote=Anonymous]We’re in the same boat, OP. Looking in coastal areas of broward county and it’s rough. Houses setting sold for cash and then becoming rentals at astronomical rents double what a normal mortgage would be. Or, builders scoop up the fixer uppers to tear them down/remodel. We came down with a hefty budget (or so I thought) and good equity from the sale of our DC house, but between the taxes, cost of house, and private school, we’ve had to seriously scale back our expectations. I think a crash is unlikely, but there definitely needs to be a correction. However, the cultural landscape is changing due to WFH. That, coupled with the heavy presence of people wanting second homes (domestic and foreign investors), isnt helping those that live here full time. [/quote]
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