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Reply to "Florida Real Estate is off the hook"
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[quote=Anonymous]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![/quote]
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