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Reply to "Florida Real Estate is off the hook"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][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] OP, what town are you talking about? I'm just curious more than anything. [/quote] Sorry, my county is small enough that if I mention it, you might be able to identify me! I think there are 3 people in the DMV from there![/quote] No worries. I was wondering whether you lived in a county that I have lived in/had/have family members in. I thought I might have some insight into why real estate has increased so much since you sold your parents place. Florida intrigues me because it is so...different than the rest of the U.S. I love looking at ranches for sale in the middle of the state and dream of winning the lottery and buying one. Not to live there, but just as a place to park my money and maybe come and visit every now and then. [/quote]
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