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[quote=Anonymous]Where i am in Florida, we've had so many northeasterners come down to work remotely or just start a new life during covid. Some are conservative, but lots of dems too who just reached a breaking point during covid of trying to work from home with 2 kids in a small apartment.  That's made real estate bonkers, and essentially priced the exact same as suburban DC or even lots nice suburbs within good commuting range of NYC. We could have paid $1.5m for waterfront 5 years ago, but now cheapest waterfront is $5m for a teardown.  Prices are slowing, and the less desirable areas will likely see drops of unknown amounts.  But there's no expectation that the desirable areas will see any significant price drops, because there just aren't that many really nice towns down here, so for New yorkers coming down, there are only a handful of FL cities they want to live, with a handful of neighborhoods within those places - so even if those folks lose their jobs or have pay cuts in the coming years, there are enough NYers with tons of cash saved up that they can still come down here and pay those prices.  [/quote]

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