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Reply to "Florida more expensive than Great Falls? I don't know how anyone plans to retire there"
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[quote=Anonymous]Florida is experiencing a very self-contained real estate crash right now. People who bought during the pandemic and now need to sell are competing with new construction everywhere in the state, with the result being no one is selling anything, even with prices plummeting. Seven of the top ten metro areas with the largest price declines in May were in Florida (two of the others were in Texas), and in March, Florida had its largest year-over-year price decrease (based on average sale prices) in 13 years. I guess if you're looking to buy and hold on to something for decades, it could be a good time to buy. But good luck getting insurance. Florida is one Andrew away from complete catastrophe, and Trump has made sure there will be no federal recovery money coming. https://finance.yahoo.com/news/real-estate-collapse-begun-florida-010054772.html[/quote]
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