You let me know when people stop moving to south FL. I'll be very happy to hear the news.
C’mon, Dirt. Gotta look past FL. Don’t let my recent move to PA mislead you. My family hails from just outside of Raleigh, NC. You think I don’t know what a yankee exodus looks like?
They’re just leaving a high tax area for a low tax one. The homes they left up this way lay vacant because they’re upside down in their Fanny/Freddie mistake. Been up here a year and seen a dramatic increase in foreclosures and short sales with a decrease in prices. It’s just starting.
Ray,
I know why they're leaving and have no sympathy for most of them because they brought it upon themselves by blindly continuing to pull the D handle for the dirtbag Bolsheviks. To be honest, I really don't care about anywhere other than south FL, or maybe TN or another red state where I may buy a house in the future. It will have to be a deeply RED state, because I'm not going to go through what a retired Army Col. friend of mine just went through in VA.
1. Your taxes aren't going to stay "low" for very long. PA, as well as NC, has turned blue. Areas like Raleigh drove the change. (We just sold a house in NC).
2. There is no end in sight to the demand for housing in south FL. Rents in south FL are going to continue to go up because of that demand, thanks to our own blue politicians. As it is, they are crazy right now.
3. Vacant houses and foreclosures represent opportunity for me. Ever heard of Driving for Dollars? The reality is more of that is coming after September, when the first set of the 6 month forbearance agreements via the CARES act roll over.
4. $350k houses I own were bought for on average $90-95k. They're all rented, so I don't really care too much about whether they go down to $150k on paper. I'll just go get more.
The socialists have many tentacles. It's our job to throw them off and still lead a good life. Improvise Adapt Overcome. Phugk em.
