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Florida
Reply to "Who can afford all these $4-10M houses"
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[quote=Anonymous][quote=Anonymous] I think the boomer generation is slowly leaving, their real estate is going on the market, and new construction is going up all the time. My elderly aunt has a condo in Miami she cannot travel to these days. One day it will be for sale. Maybe foreigners are snapping up Florida properties, thinking that if Trump lives in the state, it signals something solid about the property values there? As a foreigner myself, I know the news filters differently overseas, and he's not as reviled, except by politicians he actually interacted with abroad! The only 40-something I know of, who lives there half the year, is a hedge fund manager from NY. He also has a house in the Hamptons. [/quote] More like younger boomers scaling down at work, or retiring early - selling expensive real estate up north, and settling here in their late 50s. Some of them have kids in middle or high school. [/quote]
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