it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
@@user-hz8fm3dg6x True, the idea of a portfolio-coach used to sound generic, but a new study by investopedia actually found that demand for portfolio-coaches sky-rocketed by over 41.8% since the pandemic and based on firsthand encounters, I can say for certain their skillsets are topnotch, I've raised over $900k from an initially stagnant reserve of $250K all within 14months.
Retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k. My mom retired with about a million in assets, but my dad retired with roughly 1.8 million.
This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.
@@Believer292 It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $21k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
@@james.atkins88 I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same.
Idk Florida is a pretty conservative state and they aren't too particularly friendly towards the environment so in essence the state is doing what it has been mandated to do, build and develop no matter what cost to the environment especially since most in the state do not believe climate change is a thing. With that in mind it's no wonder Florida builds with no concern to environmental impact as the electorate has decided development over environment. In other words stop voting for politicians who literally state that, "climate change is a hoax." Otherwise nothing will ever fundamentally change.
Who do people think is responsible for allowing globalist industry and international developers to destroy your productive farmland third fastest in the country? The people of Florida love and worship the governor, so if it’s not him, please explain who’s in charge:
@Anaja S I hope and pray it is too! The wildlife is being pushed into the city and i know they are frightened. They have to navigate the traffic as we overbuild on their land because of the greed of developers. Oldsmar and N.E. Tampa and Pasco County are bad right now.
If you are a native floridian, you'd better own your home or lock in your rental, because it's a nightmare. I own, and in my neighborhood the rentals are stupid expensive. And I am not really in a desirable county, and nowhere near the beach either. The locals are suffering.
@June Bug I remember when homes off of Darlington, after 2008-2009 went for 40K after the bubble. Now they are going for three or four times that, at least in Pasco Co!
@@gila4424 Mine is $4000 a month now for a 3 bed 2 ba, and they claim they're at 98% occupancy. I have no idea how people afford these new rates when I know income levels haven't gone up the 80% rents have in the past 3 years or so.
@@steven4315 Yes. Housing should have never been considered an asset or investment. If you don’t have a home you are homeless. We are going to end up like Germany where 10% of the population owns 50% of the housing.
From Florida to California, nothing is affordable for working and middle class. Vegas, Phoenix, Boise, Austin, and dozens other cities in all these states are overpriced. It's frustrating to see people struggle.
Dallas rental prices have more than doubled and forget about buying here unless you have .5 million upwards. This situation is really getting out of hand😢
You need to look at East Tennessee. We have low real estate taxes and no state income tax. We have beautiful mountains, lakes and rivers with no hurricanes and thus low insurance costs. We have all four seasons with no extremes in temperatures, We have not had one day in the 100s for over six years. We have tons of Floridians who relocate here to escape the oppressive heat and humidity . I have lived in 16 countries and a dozen states, and East Tennessee is hard to beat.
@@StillJustD People are already looking for places in small towns all over the country. Pretty soon no place will be affordable for the working and middle classes not to mention the poor, even small towns now considered undesirable by many due to demographics
When we retired nearly twelve years ago without a pension, we were in pretty good shape. We owned stocks, had cash from the sale of our home up north and got a fantastic deal on a new home. Fast forward twelve years and we’ve had to downsize three times to avoid being house poor. Money doesn’t go as far as it used to and with the rising price of homes in Florida, we decided to sell each one at just the right time to make a good profit. Right now we’ve already made over a hundred thousand dollars in less than a year in our current home. But this is the last stop for us-as I don’t think we can buy another house for what our house would sell for. Inflation has caught up, making it unaffordable for what used to be a very affordable state.
@@cxjeter moved back to your home state? Did you lose money moving to Florida and back? pardon my asking questions because I am considering moving to Florida after retirement but now having second thoughts
@@LuckyOne3749 You like hurricanes? Inability to get house insurance? Idiots for governor/senate/representative? Psychopaths for neighbors? Not to mention white supremacist bigots who won't like your last name?
Building more density homes on former farm land (especially in Pasco east) this is going to be a interesting next few decades when settling & sinkholes come into play.
there buiding out on Narocossee road and Im like the houses are going to fall into sinkholes. also the houses are so close to each that if one catches the whole neighborhood will burn down
@@trisha56238 As an old real estate speculator once told me: Housing developers primarily make their money off the sale of the lots. The houses constructed on that land are built in order to sell the lots. Quality home construction is the least of their concerns.
Born & raised in Tampa.... Tampa is not the same. Only thing I miss is my family! I live in Michigan now and own several homes. Something I could never do in Tampa without being house poor.... Get rich somewhere else or you'll be working the rest of your life to live in Florida!!
@@joshurlay Florida isn't even expensive, they're one of the lowest property tax in the country right next to Tennessee. Michigan on the other hand has a higher property tax rate and higher taxes compare to Florida. Why do you think New Jersey and New Yorkers are leaving to Florida? Even Wisconsin and Minnesota are better than Michigan 😂😂
@@Interstellar987 Oh my bad, I didn't know $1500 for a 1 bedroom apartment wasn't expensive. How about $2300 for a family sized home? "Not even expensive" my ass. You know nothing, kid. My rent last year was $1100. This year it's $1800 at the same place. You can't even move because houses of the same size are going for over $2,000. BuT tHe PrOpeRtY TaX shut the hell up.
As a Florida resident I can say its to the point of being no longer affordable anywhere in this state. My rent is literally going up almost 40% at the end of my lease. That should be illegal.
Why should it be illegal? If someone owns something, they can sell it for whatever they like. Isn't that the way of Capitalism? I thought the GOP loves Capitalism.
Vote republican or drug Lords! Sometimes we need a government to step in and do something, like freeze rents and house prices, find out we're money is coming from, outlaw investment companies from buying 1and 2 family homes.
But from a housing standpoint Florida is getting harder hit than others due to all the people moving there has shifted the supply/demand balance. Along with corporations buying up huge numbers of houses and sitting on them waiting for a price increases. Saw a story a couple of days ago that said Florida had 1.6 million vacant homes which is about 15% of the total supply. The total number for the U.S. is 16 million, so you have 6% of the population but 10% of the vacant homes.
Born and raised in Tampa… this is a catastrophe. I now understand why Hawaiians hate and harass people that move over to the island. Yes yes, I understand a lot of them have native roots to the island, but the point is, is that a place you’ve known as home for so long, suddenly being invaded by people who own more wealth than you, really makes you clench your jaw in anger.
Florida is becoming the new California unaffordable for the middle class. Miami is becoming like Singapore a tax haven for the wealthy. Where are the service workers suppose to live? In trailers or RVs because they can't afford the rent? Florida is basically a tourist and service economy. The new destinations will probably be Georgia or Alabama fleeing Florida.
@June Bug Not sure about “ home grown”. I have family in LaGrange area as well as Auburn/Opelika, Alabama. I can afford to stay in Florida. It just leaves little meat on the bone to put back at the end of the month. And I truly believe Florida will eventually go the way of California. I’d rather jump now before the ship really starts to sink.
@June Bug Ah, I too have experienced the “your not from here” feeling during my visits to Ga. and Alabama. Like you said, the lack of the “twang” gives us away. I believe things have progressed since 2013. With so many moving to the region due to the issues we’re talking about. Maybe give it a visit and see if you have a different experience. As an elementary teacher you are in my opinion the salt of the earth. I have much gratitude for those who are so critical and influential in the vey beginning years of our youth.
@June Bug you have been here 15 years and never purchased a home? Polk county use to be one of the most affordable counties to buy a home in. They also have special financing for Teachers or they use too.
Born and raised in Florida, it'll always be my home. But it's not home anymore. I was locked out of my city, county, and state because of how expensive it is now. The pandemic is sort of a Godsend as it forced my company to do work at home. I moved out of state just recently. It's so much cheaper up here.
Bought a house in Tampa 6 years ago. Now I'm trapped here. I couldn't even afford to buy my own house again if I wanted to. But I'm glad I did! I used to pay $800 for rent, but a $950 mortgage was worth the sacrifice at the time. Now you can't even get a studio for twice that price.
I was looking at zilliow where my mom grew up in south east Ohio. I was surprised to find some cute older homes with a fair amount of land for often well under $100K. Not too north to be freezing cold and not too south for the humidity. I think with the adequate rainfall that area might be a good place to invest as climate change cooks the western states and they flock where there will be water.
@@pilothouseking I'm not overweight, and as someone who likes spending time outdoors, it's miserable. And then there's all the insects, including ones that eat your house.
@Johnny Rep It's absolutely a trade off. I opted for Florida where I'm inside with my AC in summer and look out at sunshine and greenery. In the north I was inside with my heater in winter and looked out at grey skies, icy ruts in the road and bare trees.
I’m from Tampa and working out of the city in the same state and love the city I’m working in ; its cheaper and not over crowed . I’m not saying the city on here . Tampa traffic is crazy and Tampa will not be the same .
Florida Man here. The big issue is that wages have not gone up as fast as the cost of housing. My daughter's rent went up $500/month. That's $6000 per year. Did she get a $6000 raise? Heck no!!! Also had 3 people that worked at my job quit and move to Georgia. Why? Same pay but half the rent.
I used to live in Dunedin Florida. Had to return to Pennsylvania due to parents' illnesses. We wanted to return, but Florida wages most definitely would not support the rising prices.
We have absolutely blown the $15/hr. minimum wage out of the water over the last year. It now needs to be $17-18 or maybe even $20 for people to survive. This is unsustainable. While I can't complain about my St. Petersburg house going up 17% in price just over the 5 months of this year, I realize the destruction this is doing to our economy and the ability for the average person -- completely overlooking retirees on a fixed income -- to make a living and buy a house. I'm not just considering moving out of Florida, but considering renting my house at the crazy rental rates they have here and moving out of the country to someplace where I can live like a King on my rental and decent Social Security... The USA just looks worse and worse every day, from crazy Republican policies, the Supreme Court about to remove women's rights over their own body and the overall Greed and demeanor of the people, led by fools that cheer on the greed and employee abuses of Musk and Bezos.
When rent on a tiny 650 sq ft studio in 1950s house divided into 3 studios goes from 950 to 1900 its time to leave the place you were born and raised, sadly...
I MADE my kids buy their first house before they turned 30. They did at ages 26 and 27 and are so grateful to me. Rent should only be considered short term, temporary housing while you buy your own place. I bought my home and 5 nice rental units working as a hairdresser. My properties are in a living trust for my kids, grandkids and their kids to have an easier life. I worked and invested like a demon for 20 years to do it for my family. Never think of rent as a way of life. Do what you got to do to save up and buy a home. Right now isn't a good time, maybe, but it's a great time to invest in your skill set, work two jobs and save to have a bank load downpayment when that one good property pops up. Get ready for good things to come to you...but work and save like heck as you wait for it coming.
I left 17 years ago. Just got too darned crowded. Lived in Wellington the last 4 years. When I moved there from Boca Raton, which had gotten too crowded, the East West road was 2 lane, and the North/South 2 lane. 4 years later the East/West was 6 lane and the North/South 8 lanes. Got up one morning and just said "enough"
Last time I lived in Florida was 16 years ago, previous time was in the 1980s. Let me tell you, any area that gets developed in Florida will start out with two lane roads or four lane dual highways but eventually will be rebuilt as six and eight lane great arterial roads carrying as much traffic as a freeway, because the freeways themselves are gridlocked!
Moved to Florida from Indiana. I wanted to leave Indiana because of the harsh winters. Being in Florida now only opened my eyes to how I want to get the hell out of here. There is so much fraud in this state and it’s affecting homeowners insurance. Good luck putting in a claim when the inevitable happens. Florida is also filled with rude and trashy people. No regard for others or the environment. Terrible schools, no way to build generational wealth. The Midwest is a very safe market. Pay is great with plenty of room to live an extremely comfortable lifestyle. Great schools and universities and people all around are more intelligent lol
Yes and Amen, Cristina! Moved back to Northern Indiana four years ago after a very long time in Tampa Bay. While I loved Tampa while it was the way it was ten years ago, I feel like we escaped a bullet being back home again in Indiana!
@@LuckyOne3749 Yes, Imtiaz, but you should feel it now! Yesterday I was in my garden and could have stayed outside all day...and practically did. :) You usually cannot do that at this time of the year in Sarasota through October! But I do get what you are saying. :D The last month of winter up here, this year, I could have done without!
@@caroletta451 3 months of cold Midwest Winter is still a better choice than almost 6 months of unbearable hot & muggy Summer in Florida. Besides, my wife told me that I'll be moving to Florida alone 🙂
This is stupid. retired people shouldn't have to "pick up part time work" to survive. They worked their entire lives. Sometimes needs to be done about all of this or there's going to be a lot of problems.
So? People really think they're living off the money they "put in" they're not they're living off the people that are working now. If you're able bodied might as well work.
Girl right! When she said that I wanted to punch her through the screen! 👊 These people have worked their whole life! The news people are unemotional robots!
I'm 69 and I work part time, what's wrong with work? People 50 and under think work is a dirty word. Do what you got to do to make what you want happen. If you are able bodied enough then participate in your own well being. There is no magic cut off age to just stop, if you're rich you retire earlier, if not continue supporting yourself. I'm grateful to be able to continue to provide for myself. I do have a nest egg when the time comes to dig into it.
@@eckankar7756 At age 81, I can tell you for a fact that there is not a damn thing wrong with working! I "retired" early, go bored and had several part time jobs after the so called retirement. You will know when it is time for you to retire and since you have a nest egg to fall back on, you are doing the right thing. You can't just sit around and do nothing.
Florida was a Paradise . But a pandemic has changed everything . With 1000 people per week (correction ,that's 1000 per day)flooding into the State . Mostly from New York , Chicago and Jersey . Pushing up Rents and Home prices to the point that Locals & Retiree's are finding it nearly impossible to afford either . If , you can find a place at all . We're very happy with our choice to have sold out and got out .
Those numbers are normal historically for florida. They never made rents go up like this before. But you know what has changed? Wall Street vulture funds are buying up all our houses and renting them back to us. They want a nation of renters. Social housing is the answer. Public land trusts
No, scamdemic, too many people believed this fabricated hoax from the European Union. No one ever thought about it. They did the whole disasters to themselves.
Construction and development outpaced installation of adequate infrastructure and storm drainage systems Now in places like Pasco County, it floods every time there is a hard rain for several hours. The people who work for the County didn't care when they were taking bribes from developers who didn't want to pay for the extra facilities; but wanted to collect the big dollars profit for selling all those cheaply made track homes in those infrastructure lacking subdivisions
Lol she expects inflation levels to return to normal. Economics doesn't work like that. It's here to stay. In fact inflation pressures over the rest of the decade will be going higher. The cycle has just begun.
There is a global housing crisis. Hedge funds bought up all the available homes, sometimes to the tune of thousands of homes in one city. And are renting them out at obscene prices. That has nothing to due with any individual state. The coasts have always been more expensive, that won't change. When the overpriced home you are renting needs repairs, imagine waiting on a management company to return your call when you are 1 of ten thousand across the state. How can you possibly save for a house when your rent went up $500 and more to come each year.
There is also a large shadow inventory of second homes left vacant for most of the year in Florida, fueled by income inequality. Many of these will flood the market in the coming months because of the inflationary downturn. Housing and rental prices will come down a bit
Your underpay to me is the Number One cause of our country coming apart at the seams. Teaching should be so well paid that it's very competitive to get a job there, meaning that only the above average can even stand in front of our children.
"Florida can never really come to grips with saving the environment because a very large percentage of the population at any given time just got there."--John D. MacDonald, "The Empty Copper Sea"
I've made it about a year outside the umbrella of my parents, who luckily own their home already. I'm surviving not saving. My rents inflated and even working full time at 15 and hour I still HAVE to have a roommate, even a studio apartment is over 1100 a month. Planning on moving out of state once my lease is up, as my rent on a 2 bed 1 bath is going up from 1400 a month to 1600. Good luck living in Florida when anyone making under 30,000 a year cant afford to live there. There's an entire working class that's being driven out of the state that has nothing to do with retirees. I would also like to point out that the casual suggestion that people on fixed income can just "pick up part time work" is frankly outraging, many can't afford to live here anymore, but at the same time they can't afford to leave. There are people on disability, or that are too vulnerable to work. The next 5 years are going to be rather interesting, I'm glad I wouln't be here to see it. Tampa and St. Petersburg are not the cities I grew up in anymore.
You are so correct, Emily Wilson. Glad the Good Lord opened the door for us to leave four years ago! I loved Tampa Bay but it is not the place it used to be ...sooo sad!
The $15/hr. minimum wage has been blown out of the water over the last year. It now needs to be at least $17-18 for a person to survive, maybe even $20. This home escalation is unsustainable. I live in St. Pete and luckily own, but my house has gone up 17% just in the 5 months of this year, to $350K for
I own a condo in St Pete in a large complex that some owners rent out. I can't believe what they're getting for rent or how the poor renters are able to come up with it.
Unbeatable weather? That is a complete lie! Six months out of the year is hurricane season with torrential downpour, and the other half is humidity and mosquitoes/bugs. Stop saying the weather is great in Florida year-round. It's false.
the only thing great about the weather is no snow. otherwise you are correct HOT with lots of bugs. I have been here all my life, and if were not for family, I would be gone.
@@anniesshenanigans3815 I've only been gone for 9 months. I just couldn't take the heat anymore. They say you get used to it, but you don't. lol I lived in Tampa Bay since I was one so 33 1/2 years is enough heat for me. :)
@@DanRichter Oh, I get it. Just saying I've been here for over 30 years and it's not something you grow accustomed to, but it does beat shoveling snow.
4 generations of Tampa on my moms skde...Tampa is too damn crowded and expensive now and RUINED. End work from home and send all these New Yorkers packing please! Go home back to your jobs.
I'm thinking that many landlords took a financial beating during covid and now they see an opportunity to get some of their money back - this is one reason rents are going up.
It’s like that everywhere in the sunbelt southeast; people are flocking from the mid Atlantic and California to the southeast. It’s getting bad even in NC
Florida, like the rest of the US has gotten to the point that other countries are looking much better. I leave in a few months and will be finished with the US. There are better countries in which to live.
@@DaDonJuan I lived in Thailand but I am moving to Spain. Vietnam is another option or Portugal. There are many options but you have to step outside your comfort zone. I chose Spain because it's a Socialist Monarchy and the people are some of the most laid back on the planet. My stay there was enough for me to easily say goodbye to the US.
@@cooldeesir We found a house with 3 bedrooms 2 1/2 bathrooms with a garage, fully furnished and equipped, with a small plunge pool for $750 USD. The food is fresh and they have a lot of mom & pop shops all within a 10 min walk. We ate out most every night and the most we spent was 15 USD for both.
Housing may crash, but until the work-from-home thing ends, which it may never, you will still have 350,000 people a year moving into Tampa. But honestly, I think the 'Gig" economy kicked all this off. People got really brave about moving to Florida with no plan whatsoever. I got into an Uber in Hallandale in about 2018, and the driver told me she works less than 40 hours a week. People in my small land-locked town can't live on Uber or Lyft without really hustling. Down there, one Uber can get paid for 3 passengers on one trip. Then the pandemic hit, and a massive wave surged of people being able to be anywhere they wanted and still earn high incomes. Just my take. Mortgage rates and crashing houses won't cool that place off.
And IF/WHEN they do the interest rates will double or triple like the late 70s/ early 80s to high teens and that " half price house" 375k down to 187.500)you MIGHT be able to qualify for a mortgage to buy ( under tighter lending rules) you will only pay 50k MORE in interest than if you had bought it today
I’m thinking stagflation. Inflation isn’t going anywhere because Congress keeps on spending (creating money from nothing) and the increased needed welfare will keep it going. Housing may correct just a little due to higher mtg. rates but will continue to climb. There’s a shortage now and with millions coming in through our southern border needing a place to live it will take years for inventory to catch up. If you can, buy all the houses you can afford. Due to the higher cost of living spending will slow and companies will need to start layoffs. Hence stagflation. Anybody agree?
Appealing weather? I've never understood that. The weather in Florida is HORRIBLE. I've been stuck in this wretched state since I was 12 and the weather is just terrible. The humidity, scorching heat and no seasons is a fair description of the climate down here. When you can pretty much feel the air like a brick wall in the summer because there's so much moisture in it, that's bad. I've been stuck here for over 40 years and each summer seems to get worse. Finally will be able to leave soon and I guess better late than never. Lol. I cant wait to see how many newbies hightail it out of here when July's weather hits (100% humidity, 101F with a heat index of 112 for example. Sure the west can get hotter but they don't have the humidity with it that makes it like a broiler) or the first hurricane comes through.
I just left a post saying the weather is terrible, too. lol I was a 33-year resident until I moved to the West Coast last year for my career. To say I don't miss Florida weather, would be a huge understatement. The weather in California is a dream.
Not to panic he says ? I’m Homless on disability ! But stress my gratitude to be in a country that does offer help ! Overwhelmed and near my end If I don’t find a resolution !
I'm in Tampa and it's really sad how bad it's gotten. Very expensive and overcrowded with out of towners from all over the US and bad traffic FL is no longer cheap Time to move on.
Born and raised in tampa and having to move away because I cant afford to live in my hometown anymore. Its ridiculous. My ghetto apartments went up in the last 5years from 1135 to 22-2900. If they gonna charge luxury prices can we get wooden closet doors instead of metal ones that pop off track all the time, can we get matching door knobs or at least can we get shower knobs that dont strip every other month. Its all Tom Bradys fault 🤣 he brought all the attention to tampa the hidden gem 💎 Go home people or at least learn how to drive the florida way
Nothing to do with Brady, it's simply a more Work From Home workforce that is getting the hell out of the snowy winters of the north, along with the usual flow of retirees.
Nothing went back down with the price of fuel after spiking in 2008. Everyone raises the prices and they don't go back down accordingly. Fuel may return to sub 3 dollars a gallon but the goods won't go down.
Add the fact that home owner insurance is becoming a real problem for many people. It is so expensive. Some people are losing their home's because of the crazy rising rates.
@@eckankar7756 What storms? Hurricanes? They usually hit the Carolinas. Granted when we get hit with a hurricane it can be pretty bad. Last hurricane that affected my area was Irma in August of 2017
If you live in Florida and work in Florida or even want to retire, The reality is you cant live here. Its gone up a lot even in food and everything else. most cant even work part time due to health. but leaving is a good answer . Do not give any of these gougers anymore money at all. you get nothing new and if it look s like a bargain its made cheap all we need is one major hurricane and its all over. just remember that.
Wasn't my choice to come to Florida, miss the 4 seasons and hate the swamp ass!! That being said, where I moved was so slow and uncrowded, not anymore!!!!
I live 100 miles south of Tampa. Houses in my neighborhood have gone up 30% in ine year. They sell quickly and more than 2/2 were cash deals. Good luck with HO insurance. I moved here in 1998. I could not/would not now.
I just learned my apartment complex raised their rent another 35% this year on top of the 35% they raised it last year. Something needs to give. A 3 bedroom in a mid-tier apartment complex should not cost $4000+ a month. These are NYC/Silicon Valley rates, but we don't have incomes here to justify that. I hate to say it, but we need emergency rent control, at least for the next 3 years or so to get us out of this pandemic hangover.
Rent control just means less building of affordable housing. I have 5 rentals, I only rent to retired people. Units have walk in showers, grab bars, weekly transportation to the grocery, nice affordable ground level condos, 2br/2ba for $1K a month. If my area goes rent control I'm selling out and there will be 5 more nice units not available.
@@thzene4967 My tenants have been with me for 8-13 years, as they die off or move to nursing homes I'll definately increase the rent. I've become so close to them I've never raised their rent. I never once claimed to be the 'entire market' but so many other property owners in my community and nationally will bail out, too. My properties are long paid off, other landlords still have mortgages. My state taxes are agreeable, others aren't so fortunate. I see no measures to limit the cost of a McMuffin because people can't afford them. Or movie tickets and popcorn, or Disney admission. It's the government's way to solve the housing shortage by dumping the problem on commercial business to foot the bill.
@@thzene4967 Ridiculous. It's not private industry's responsibility to carry the cost, maintenance, repair, upkeep, policing renegade tenants while the government takes no financial responsibility for loss of business and investment revenue. Go back to the Projects of the 1960s...that went well, didn't it? The government horribly failed trying to house the poor, now they dump the responsibility onto private businesses. They know it can't be done...it failed then in every single state. I will definitely sell my rentals if rent control comes to town. It's a business not a charity. Make churches house the homeless, that's their business...they are already tax exempt. The government is completely aware they can not fix this problem so they sink private investors in real estate.
I left Tampa (Pinellas Co) as a retired renter in 2018. I couldn't find a decent house for under 350k and 30yrs old. Moved to Raliegh NC and found a great newer house w quarter arce, no hoa for 200k.
I bought on a canal in 2018 in St Pete for $250k. Took 8/months living on a sailboat downtown before I found the right deal. Best experience of my life.
Set hurricane deductible to 10%. Sounds risky but saves a bundle. My hurricane premium this year $167.67, policy limit $219,000, hurricane deductible $21,900. Non-hurricane premium $221.33. The higher the deductible the lower the premium.
For so called jounralist, they’re playing it too safe and being too politically correct instead of getting down to the harsh truth! While while there are many ppl in the Tampa Bay that are suffering, and will be facing unfortunate living circumstances soon. It’s disappointing how there is no cap to how much landlords or property managements are absurdly increasing rent!!!
Insane increases in insurance...taxes ( remember landlords don't get the tax breaks owner occupies do) and the increase in parts/ labor/ materials / replacements ALSO cause rent increases...landlords are NOT charities..they are in business to MAKE money
@@thetrainguy1 no rent control. My rent in January 2022 went from 950 when lease ended to $1900 !!! I declined to renew at that rate and moved into my RV, now parked ib Pasco County an hour North of my St Petersburg job . And of course now the gas is $5 a gallon today!
Florida is like a humid version of Mad Max. It’s a hyper-capitalist experiment fueled by retirees and billionaires with deep pockets. Why in the world you believe there’s be rent control there?
I've lived in Riverview for 22 years now. Traffic and congestion is horrible now! They are literally building apartments and homes everywhere they can fit them. Our roads can't handle anymore yet they keep building and won't stop. I dread driving anymore because it is like rush hour all day long, and the actual rush hour, forget it. Will take you 3 hours just to get to the store and back.
Florida is still substantially cheaper than other states. That said, what is stagnant here is the salaries. Add to that the skyrocketing home insurance rates, thanks to rampant fraud, and no real control over rent/housing prices, and you have a recipe for disaster.
This is oh so true! Just got almost a $700 jump in my property insurance bill this month. Unfortunately, for tenants- anyone who is a landlord will be passing that expense off to the tenants- further increasing rents!
It's not just Florida that's becoming unaffordable. It's all of America. My house went from 175K to 465K. What's the solution? Maybe move to another country.
Same thing in Arizona. Aside from a few isolated towns, Arizona is expensive for retirees, and water is a very real concern. There are towns that have none. If your town is CAP water dependent, in 2025 there will be cut backs as the Colorado River Compact dictates municipal cutbacks. Mississippi retirement?
@@Winterascent in the southern parts. Hattiesburg, Columbia is popular. But most of Mississippi is not on municipal water but wells or local water in co-ops. And now there's limits. You don't want to go any further north than Yazoo or south Jackson. Southern systems in Southern states are not like the rest of the country. Been there done that. Also they still are clannish except in Southern half.
I live in Phoenix and in Sedona. I think Az is very affordable. Property tax, utilities, food, we have abundant medical facilities that retirees need, warm winter, blistering summers, though.
@@eckankar7756 If you actually live in Sedona, you have money. A lot of money. That, or you bought a home there a long, long time ago. Zillow estimates the typical home price in Sedona at $814,000. Not exactly what the average retiree can afford. According to Zillow, the typical home price for Phoenix is almost $400,000. Again, not exactly affordable. You can get something out in Casa Grande for much less, but that isn't Phoenix.
I was renting a Rancher in 2019 for $900 I had move when my lease was up it went to $1250 then $2000 now I see my old landlord gets $3000 what a joke all profit house has been paid off since the 90s needs a complete update and he gets that's much now he got mad at me back then for moving he said I was the best renter he ever had I said sorry I don't even make that much a month I moved into a van a year ago. When renting rooms got to much to many stipulations
The same thing is happening in Arizona. Gee, New Yorkers and Chicagoans moving to Florida, and over on the west coast, Californians, IChicagoans, Oregonians, Washingtonians are moving to AZ. This has something to do with rising rent prices.
Real Estate Companies are scooping up all of the properties and lands. My rent went up by 150 and this place needs to be investigated. They have not done any upgrades since 1970 and that is what the management told me
Good motivation to become more so you can earn more. Stop reacting to what the landlord says, invest in yourself to earn more, work like a demon, save, invest so one day when that one good affordable property shows up you have a huge bankroll deposit to drop and buy your home. Rent should always be considered as short term housing. Focus on what you can do to make buying a reality. Right now may not be the best time to buy, but it's a great time to learn a skill that earns you more and save, save, save to be ready to pounce when opportunity knocks.
@@eckankar7756 I am on disability so it is not as easy as you think. I know all about buying that’s why I’m looking at tax deed property but again when you are only getting disability it isn’t that easy
@@813South there was an RV person that did the tax deed thing and got 5 acres for less than like $200. total feels. He did a series of videos every step of the way how he did it, it was amazing how he figured out the path and followed it. Something Granny was his channel on YT. Brilliant videos finding free land in Az. I forget the full channel name, maybe you can find it and follow those steps. I thought about it, but honestly, what would I do with land in the middle of nowhere? If it's your dream check it out and watch the series. At no time did I ever say anything was easy, why do you accuse me of that? We're all dealt a hand and we play our lives out like a game of cards using what we've been given, or picked up/dropped off playing the game. So many love wearing the title "Disabled" like an entitled badge. The nail tech that I worked with for 30 years in the salon was born without legs, never once did she say she was disabled. She bought and paid off her home. Look for ways to make life open up for you, not excuses you never tried.
@@joshurlay my insurance TRIPLED on my rental this year..now over 8k a year..my taxes get no home owner breaks and doubled in 3 years...do you think I'm going to eat that 589.00 a month increase ? Or how about the cost of a new roof ( now required to keep insurance every 10 to 12 years) increasing from 8k in 2019 to 14k in 2020..or any of the other cost increases for repairs replacements ? HAHAHAHAHAHA...of course those costs are going to be passed on to the renters
Everything has gone up to much makes no sense and the government does nothing! People can't afford to do anything I moved into a van a year ago my rent went from $900 for a Rancher to now that house is $3000 a month then people want a $800 and higher a month to rent you a room but there's no parking have to share a bathroom. No thanks that's ridiculous
@@thisismagacountry1318 did you actually read my comment before you commented on it? Lol you think someone at retirement age should start a business? LOL wow
@@Jay-bw3fl I'm saying if you didn't plan ahead, didn't do your due diligence and invest wisely in multiple income streams then you MIGHT need to start a business. Working as a wage slave isn't going to pay the bills. Best part is you form your S-Corp or C-Corp, get your EIN, register with your Secretary of State and hire workers. Advertise on Facebook and Google ads, take calls and schedule service calls. Other than hiring and organizing all you're doing is answering the phone. How hard is that for a Senior? Insert whiny excuses here. DUH
I love how all the news stations stay on their propaganda of calling Florida “Paradise”. I have lived here for 15 years. I wouldn’t exactly call it Paradise. This is done to cause apathy to those who can’t afford the cost of living in Florida because of course it will cost a lot to live in “Paradise”. It’s all about the rich justifying their price gauging to maximize profits at the expense of causing homelessness at a scale we have never scene and they do not give a $hįt who goes without food, water or housing.
I live in St. Pete, and you overlook, or maybe have never experienced a -40 degree wind chill coming off of Lake Michigan. Unless you've lived through a northern Winter, you can't appreciate how less burdensome humidity is than freezing cold. I agree on the pricing problems, but trying to disparage our climate versus northern Winters is a non-starter fail. Having lived 20 years in both climates, I can tell you for sure, it's simply up to preference. We have 6 months of hot humid hell, but up north they have 4 months of Winter hell, and still have 2 months of hot humid Summer hell just like us. But for those that are adverse to the cold, this IS Paradise by comparison climatewise.
People always want more and more and more. We bought are home and stayed. Now its ours. We both retired at 55. At 62 we both started SS. $3843.00 per month. Total. We do just fine. Live within your means. Years ago we got out of NY because of the high property taxes. In NC we pay a fraction of what we used to.
I recently sold my house in Pasco and now rent in Lakeland, while I wait to see what the economy & housing market does. I think about moving to the middle of nowhere...
I grabbed my house within a few minutes of it coming on the market, didn't even wait to tour it. That's how hot the housing market is in South Alabama now. Before I even got moved it, people were leaving notes on the door wanting to buy the house! Even with the "sold" sign still outside!
I don't like "sinkholes, mosquitos, bugs, snakes, alligators, sinking into the sea", so NO THANKS to Florida, I've never wanted to live there, or either visit either!!
It’s taking the cost of living here and comparing it with wages here. We are way behind the northeast. Then you have insurance rates which due to hurricanes can get very steep.
the reason costs rise is because more people migrate there... because they are escaping their state...a lot of people running away from what they voted for... even where I live in NC my house has gone up in value but with that comes property tax and HOA fees going through the roof... to the point it can force a lot of people to sell.
It’s a national low wage, income inequality problem pushing a vast segment of the population to look for alternatives. I do not agree it is voters fleeing what they voted for locally. Yes, people are fleeing large cities, because large cities are inherently expensive. They are also leaving large cities when they can work remotely or retire. What caused the low wages and income inequality? Basically, the Republican grift playbook of anti-union, pro-wealthy, discredited “trickle down” financial policies. How much has “trickled down” to you? Nothing.
@@BoomBustProfits So where do you us to move??? Everywhere people are complaining, Americans are spoiled brats, take a look at the Philippines, poverty stricken country, I'm an expat here, people don't complain, every country in the world is getting expensive to live unless you want to live in North Korea.
it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
@@user-hz8fm3dg6x True, the idea of a portfolio-coach used to sound generic, but a new study by investopedia actually found that demand for portfolio-coaches sky-rocketed by over 41.8% since the pandemic and based on firsthand encounters, I can say for certain their skillsets are topnotch, I've raised over $900k from an initially stagnant reserve of $250K all within 14months.
@@bernisejedeon5888 How can i reach this FA, so i don't make mistakes that's going to cost be alot.
@@valeriepierre9778 Credits Julia Ann Finnicum, to one of the best portfolio manager’s out there. She’s well known, you should look her up
Retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k. My mom retired with about a million in assets, but my dad retired with roughly 1.8 million.
This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.
@@Believer292 It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $21k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
@@james.atkins88 I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same.
@@james.atkins88 She appears to be well-educated and well-read. I ran a google search on her name and came across her website; thank you for sharing.
That's what they all say then in 8 years start crying about the rising cost of FL living. 😂😂
The urban sprawl is horrific in Florida the developers are paving over the state at a frightening rate and no protection for wilderness area it sucks!
No protection for wilderness areas is categorically false most important ecosystems are protected.
Idk Florida is a pretty conservative state and they aren't too particularly friendly towards the environment so in essence the state is doing what it has been mandated to do, build and develop no matter what cost to the environment especially since most in the state do not believe climate change is a thing. With that in mind it's no wonder Florida builds with no concern to environmental impact as the electorate has decided development over environment. In other words stop voting for politicians who literally state that, "climate change is a hoax." Otherwise nothing will ever fundamentally change.
@Anaja S Yes, the poor wildlife...so sad!
Who do people think is responsible for allowing globalist industry and international developers to destroy your productive farmland third fastest in the country?
The people of Florida love and worship the governor, so if it’s not him, please explain who’s in charge:
@Anaja S I hope and pray it is too! The wildlife is being pushed into the city and i know they are frightened. They have to navigate the traffic as we overbuild on their land because of the greed of developers. Oldsmar and N.E. Tampa and Pasco County are bad right now.
If you are a native floridian, you'd better own your home or lock in your rental, because it's a nightmare. I own, and in my neighborhood the rentals are stupid expensive. And I am not really in a desirable county, and nowhere near the beach either. The locals are suffering.
Which county are you in?
Who’s paying that high for rentals tho
@June Bug I remember when homes off of Darlington, after 2008-2009 went for 40K after the bubble. Now they are going for three or four times that, at least in Pasco Co!
@Anaja S Wow!!!
@@gila4424 Mine is $4000 a month now for a 3 bed 2 ba, and they claim they're at 98% occupancy. I have no idea how people afford these new rates when I know income levels haven't gone up the 80% rents have in the past 3 years or so.
Stop using the term "Price of paradise".
Made up term by greedy realtors and sellers.
So you will sell your house for what you paid for it?
@@steven4315 Yes. Housing should have never been considered an asset or investment. If you don’t have a home you are homeless. We are going to end up like Germany where 10% of the population owns 50% of the housing.
@@xxxxMonkeyGirlxxxx More like 1% (wall Street) ones 90%.
You can tell the comment is by an idiot when they use the word, "greedy."
The only ones who call realtors greedy are the lazy and the poor.
From Florida to California, nothing is affordable for working and middle class. Vegas, Phoenix, Boise, Austin, and dozens other cities in all these states are overpriced. It's frustrating to see people struggle.
Dallas rental prices have more than doubled and forget about buying here unless you have .5 million upwards. This situation is really getting out of hand😢
Choosing to struggle. FTFY. There's plenty of cheap places in flyover country or not in major urban centers.
Greed is gonna kill the middle class and poor
You need to look at East Tennessee. We have low real estate taxes and no state income tax. We have beautiful mountains, lakes and rivers with no hurricanes and thus low insurance costs. We have all four seasons with no extremes in temperatures, We have not had one day in the 100s for over six years. We have tons of Floridians who relocate here to escape the oppressive heat and humidity . I have lived in 16 countries and a dozen states, and East Tennessee is hard to beat.
@@StillJustD People are already looking for places in small towns all over the country. Pretty soon no place will be affordable for the working and middle classes not to mention the poor, even small towns now considered undesirable by many due to demographics
When we retired nearly twelve years ago without a pension, we were in pretty good shape. We owned stocks, had cash from the sale of our home up north and got a fantastic deal on a new home. Fast forward twelve years and we’ve had to downsize three times to avoid being house poor. Money doesn’t go as far as it used to and with the rising price of homes in Florida, we decided to sell each one at just the right time to make a good profit. Right now we’ve already made over a hundred thousand dollars in less than a year in our current home. But this is the last stop for us-as I don’t think we can buy another house for what our house would sell for. Inflation has caught up, making it unaffordable for what used to be a very affordable state.
@Andrea Tuckman Do you plan to move out of Florida? What city were your 3 houses?
you need dave Ramsey real bad
retired 7yrs ago and moved to Florida biggest mistake of my life overcrowded overpriced and overrated moved away lastyr I'll deal with the cold
@@cxjeter moved back to your home state? Did you lose money moving to Florida and back?
pardon my asking questions because I am considering moving to Florida after retirement but now
having second thoughts
@@LuckyOne3749 You like hurricanes? Inability to get house insurance? Idiots for governor/senate/representative? Psychopaths for neighbors? Not to mention white supremacist bigots who won't like your last name?
Building more density homes on former farm land (especially in Pasco east) this is going to be a interesting next few decades when settling & sinkholes come into play.
there buiding out on Narocossee road and Im like the houses are going to fall into sinkholes. also the houses are so close to each that if one catches the whole neighborhood will burn down
They don’t care. Once the homes are up they made their money.
@@trisha56238 As an old real estate speculator once told me: Housing developers primarily make their money off the sale of the lots. The houses constructed on that land are built in order to sell the lots.
Quality home construction is the least of their concerns.
Florida will be having problems in the future when it comes to developing swamp land.
The land they are currently building on from Pasco County down the I75 interstate is mostly old farmlands.
Born & raised in Tampa....
Tampa is not the same.
Only thing I miss is my family!
I live in Michigan now and own several homes. Something I could never do in Tampa without being house poor....
Get rich somewhere else or you'll be working the rest of your life to live in Florida!!
Michigan is even worst than Florida 🤣🤣🤣🤣
@@Interstellar987 Worse..☺️
@@Interstellar987 Oh yeah because all the headlines about Michigan being one of the most expensive places to live in the country... Oh wait
@@joshurlay Florida isn't even expensive, they're one of the lowest property tax in the country right next to Tennessee. Michigan on the other hand has a higher property tax rate and higher taxes compare to Florida. Why do you think New Jersey and New Yorkers are leaving to Florida? Even Wisconsin and Minnesota are better than Michigan 😂😂
@@Interstellar987 Oh my bad, I didn't know $1500 for a 1 bedroom apartment wasn't expensive. How about $2300 for a family sized home? "Not even expensive" my ass. You know nothing, kid. My rent last year was $1100. This year it's $1800 at the same place. You can't even move because houses of the same size are going for over $2,000. BuT tHe PrOpeRtY TaX shut the hell up.
Hot, humid, costly, and sinkholes!
And skin cancer up the whazoo if you have fair skin.
Just think of the sinkhole as a free swimming pool.
As a Florida resident I can say its to the point of being no longer affordable anywhere in this state. My rent is literally going up almost 40% at the end of my lease. That should be illegal.
Why should it be illegal? If someone owns something, they can sell it for whatever they like. Isn't that the way of Capitalism? I thought the GOP loves Capitalism.
The panhandle is still pretty cheap though
Why illegal?
If someone will pay 40% more it's reality.
Is reality illegal?
Let’s go Brandon!
Vote republican or drug Lords! Sometimes we need a government to step in and do something, like freeze rents and house prices, find out we're money is coming from, outlaw investment companies from buying 1and 2 family homes.
What we are experiencing now with inflation is on a global scale & I wish news outlets would start saying that.
But from a housing standpoint Florida is getting harder hit than others due to all the people moving there has shifted the supply/demand balance. Along with corporations buying up huge numbers of houses and sitting on them waiting for a price increases. Saw a story a couple of days ago that said Florida had 1.6 million vacant homes which is about 15% of the total supply. The total number for the U.S. is 16 million, so you have 6% of the population but 10% of the vacant homes.
There is a estimated 1.6 million homes in Florida being kept off the market to keep the prices up & demand short.
It is true but that doesn't fit the narrative and what you just seen was a commercial in disguise!! A realtor saying don't leave..I can help you!!!
@@paulconner4614 squatters paradise.
@@fedupamerican296 When single elderly property owners die squat happens.
Born and raised in Tampa… this is a catastrophe. I now understand why Hawaiians hate and harass people that move over to the island. Yes yes, I understand a lot of them have native roots to the island, but the point is, is that a place you’ve known as home for so long, suddenly being invaded by people who own more wealth than you, really makes you clench your jaw in anger.
Welcome to the American Greed. This is just the Beginning.
No one has a copyright on the place they grew up. What you can have is a deed to a property. Beyond that, you cannot lay claim to a region.
Yes i hate tourists im a real Tampa native and disabled 64 i hope this state gets destroyed by cat 7 storm...fuck tourists..theyve raped my St.Pets
@@merrywalsh2809 sure you can, we did that to the native americans.
@@thesirtommynetwork153 That was illegal, same as what they did in Hawaii. I get your point though.
Florida is becoming the new California unaffordable for the middle class. Miami is becoming like Singapore a tax haven for the wealthy. Where are the service workers suppose to live? In trailers or RVs because they can't afford the rent? Florida is basically a tourist and service economy. The new destinations will probably be Georgia or Alabama fleeing Florida.
Moving to Georgia this summer for the very reasons you quote.
@June Bug Not sure about “ home grown”. I have family in LaGrange area as well as Auburn/Opelika, Alabama. I can afford to stay in Florida. It just leaves little meat on the bone to put back at the end of the month. And I truly believe Florida will eventually go the way of California. I’d rather jump now before the ship really starts to sink.
@June Bug Ah, I too have experienced the “your not from here” feeling during my visits to Ga. and Alabama. Like you said, the lack of the “twang” gives us away. I believe things have progressed since 2013. With so many moving to the region due to the issues we’re talking about. Maybe give it a visit and see if you have a different experience. As an elementary teacher you are in my opinion the salt of the earth. I have much gratitude for those who are so critical and influential in the vey beginning years of our youth.
@June Bug you have been here 15 years and never purchased a home? Polk county use to be one of the most affordable counties to buy a home in. They also have special financing for Teachers or they use too.
I'm in the Tampa Bay area and have been flirting with the idea of moving to Alabama. Just need some space to breath. It's gotten so crazy down here.
Born and raised in Florida, it'll always be my home. But it's not home anymore. I was locked out of my city, county, and state because of how expensive it is now. The pandemic is sort of a Godsend as it forced my company to do work at home. I moved out of state just recently. It's so much cheaper up here.
@@stixplayer I think your right. If your job can be done from home it can be done from India a lot cheaper.
@@bobcopeland9692 right! I’m moving to India then 😆
Where did u move
@@stixplayer sounds like we need a labor movement here and in India
Where's "here"?
LOL Pasco County! They won't stay long in that S-hole...
Gonna be a culture shock leaving conneticut for lakeland and pasco rofl
Lower Pasco County has already been rolled through by Developers and New Construction.
😂😂😂 I left after 24hrs !!!! Hell no!
They're not living on a fixed income. They're retiring in Florida with $5mil + and partying in DTSP all day.
Exactly. They will turn FL into the manure they are running away from in a few years.
Bought a house in Tampa 6 years ago. Now I'm trapped here. I couldn't even afford to buy my own house again if I wanted to. But I'm glad I did! I used to pay $800 for rent, but a $950 mortgage was worth the sacrifice at the time. Now you can't even get a studio for twice that price.
Not everyone can get a mortgage even with a guaranteed lifetime income!!
Glad to see the greed showing it’s face! I’m also moving out of florida because of skyrocketing real estate greed!
I was looking at zilliow where my mom grew up in south east Ohio. I was surprised to find some cute older homes with a fair amount of land for often well under $100K. Not too north to be freezing cold and not too south for the humidity. I think with the adequate rainfall that area might be a good place to invest as climate change cooks the western states and they flock where there will be water.
It's the same everywhere
My son just bought 10 acres and a 3br,2bath home with a separate 4 car garage in Ohio for less than 200k
Capitalism. You like it?
@@keithsavage4340 love it. Beats socialism any day.
Florida only has "unbeatable weather" in the Winter. The rest of the time it's hot and humid.
Hurricanes.
@@dudzinski324 And now in Florida, insurance companies are cancelling homeowner policies because of the damage done in the past few years.
Hot and humid is perfectly fine if one isn’t overweight and active. Just need to hydrate and wear hats.
@@pilothouseking I'm not overweight, and as someone who likes spending time outdoors, it's miserable. And then there's all the insects, including ones that eat your house.
@Johnny Rep It's absolutely a trade off. I opted for Florida where I'm inside with my AC in summer and look out at sunshine and greenery. In the north I was inside with my heater in winter and looked out at grey skies, icy ruts in the road and bare trees.
I’m from Tampa and working out of the city in the same state and love the city I’m working in ; its cheaper and not over crowed . I’m not saying the city on here . Tampa traffic is crazy and Tampa will not be the same .
*"Tampa traffic is crazy"*
Florida Man here. The big issue is that wages have not gone up as fast as the cost of housing. My daughter's rent went up $500/month. That's $6000 per year. Did she get a $6000 raise? Heck no!!!
Also had 3 people that worked at my job quit and move to Georgia. Why? Same pay but half the rent.
Exactly. Wages have not risen, yet everything else has.
That's really happening everywhere, not just Florida!!
I used to live in Dunedin Florida. Had to return to Pennsylvania due to parents' illnesses. We wanted to return, but Florida wages most definitely would not support the rising prices.
We have absolutely blown the $15/hr. minimum wage out of the water over the last year. It now needs to be $17-18 or maybe even $20 for people to survive. This is unsustainable. While I can't complain about my St. Petersburg house going up 17% in price just over the 5 months of this year, I realize the destruction this is doing to our economy and the ability for the average person -- completely overlooking retirees on a fixed income -- to make a living and buy a house.
I'm not just considering moving out of Florida, but considering renting my house at the crazy rental rates they have here and moving out of the country to someplace where I can live like a King on my rental and decent Social Security... The USA just looks worse and worse every day, from crazy Republican policies, the Supreme Court about to remove women's rights over their own body and the overall Greed and demeanor of the people, led by fools that cheer on the greed and employee abuses of Musk and Bezos.
Pretty soon people in Alabama and GA are gonna be complaining.
When rent on a tiny 650 sq ft studio in 1950s house divided into 3 studios goes from 950 to 1900 its time to leave the place you were born and raised, sadly...
I MADE my kids buy their first house before they turned 30. They did at ages 26 and 27 and are so grateful to me. Rent should only be considered short term, temporary housing while you buy your own place. I bought my home and 5 nice rental units working as a hairdresser. My properties are in a living trust for my kids, grandkids and their kids to have an easier life. I worked and invested like a demon for 20 years to do it for my family. Never think of rent as a way of life. Do what you got to do to save up and buy a home. Right now isn't a good time, maybe, but it's a great time to invest in your skill set, work two jobs and save to have a bank load downpayment when that one good property pops up. Get ready for good things to come to you...but work and save like heck as you wait for it coming.
Sounds like San Diego 10 years ago.
I left 17 years ago. Just got too darned crowded.
Lived in Wellington the last 4 years. When I moved there from Boca Raton, which had gotten too crowded, the East West road was 2 lane, and the North/South 2 lane.
4 years later the East/West was 6 lane and the North/South 8 lanes.
Got up one morning and just said "enough"
Yes, very crowded.
Bruce, where didbu move to? I am in Broward and am really needing out fast. I hate the heat more and more and congestion is beyond bearable.
Last time I lived in Florida was 16 years ago, previous time was in the 1980s. Let me tell you, any area that gets developed in Florida will start out with two lane roads or four lane dual highways but eventually will be rebuilt as six and eight lane great arterial roads carrying as much traffic as a freeway, because the freeways themselves are gridlocked!
Too many Puerto Ricans
Moved to Florida from Indiana. I wanted to leave Indiana because of the harsh winters. Being in Florida now only opened my eyes to how I want to get the hell out of here. There is so much fraud in this state and it’s affecting homeowners insurance. Good luck putting in a claim when the inevitable happens. Florida is also filled with rude and trashy people. No regard for others or the environment. Terrible schools, no way to build generational wealth. The Midwest is a very safe market. Pay is great with plenty of room to live an extremely comfortable lifestyle. Great schools and universities and people all around are more intelligent lol
@Cristina Back to Indiana?😀
Yes and Amen, Cristina! Moved back to Northern Indiana four years ago after a very long time in Tampa Bay. While I loved Tampa while it was the way it was ten years ago, I feel like we escaped a bullet being back home again in Indiana!
You're right about the Midwest. However, every Winter, specially during a long cold spell, Sarasota seems like heaven on earth
@@LuckyOne3749 Yes, Imtiaz, but you should feel it now! Yesterday I was in my garden and could have stayed outside all day...and practically did. :) You usually cannot do that at this time of the year in Sarasota through October! But I do get what you are saying. :D The last month of winter up here, this year, I could have done without!
@@caroletta451 3 months of cold Midwest Winter is still a better choice than almost 6 months of unbearable hot & muggy Summer in Florida. Besides, my wife told me that I'll be moving to Florida alone 🙂
This is stupid. retired people shouldn't have to "pick up part time work" to survive. They worked their entire lives. Sometimes needs to be done about all of this or there's going to be a lot of problems.
So? People really think they're living off the money they "put in" they're not they're living off the people that are working now. If you're able bodied might as well work.
@@seanthe100 That's silly Sean. If you don't know how Social Security works, I'm not the one that wants to try to explain it to you.
Girl right! When she said that I wanted to punch her through the screen! 👊 These people have worked their whole life! The news people are unemotional robots!
I'm 69 and I work part time, what's wrong with work? People 50 and under think work is a dirty word. Do what you got to do to make what you want happen. If you are able bodied enough then participate in your own well being. There is no magic cut off age to just stop, if you're rich you retire earlier, if not continue supporting yourself. I'm grateful to be able to continue to provide for myself. I do have a nest egg when the time comes to dig into it.
@@eckankar7756 At age 81, I can tell you for a fact that there is not a damn thing wrong with working! I "retired" early, go bored and had several part time jobs after the so called retirement. You will know when it is time for you to retire and since you have a nest egg to fall back on, you are doing the right thing. You can't just sit around and do nothing.
Florida was a Paradise . But a pandemic has changed everything . With 1000 people per week (correction ,that's 1000 per day)flooding into the State . Mostly from New York , Chicago and Jersey . Pushing up Rents and Home prices to the point that Locals & Retiree's are finding it nearly impossible to afford either . If , you can find a place at all . We're very happy with our choice to have sold out and got out .
It's actually over 1,000/day moving to Florida.
Closer to 1000 every other day. Thousands a week. Insane numbers.
Those numbers are normal historically for florida. They never made rents go up like this before. But you know what has changed? Wall Street vulture funds are buying up all our houses and renting them back to us. They want a nation of renters. Social housing is the answer. Public land trusts
No, scamdemic, too many people believed this fabricated hoax from the European Union. No one ever thought about it. They did the whole disasters to themselves.
It's closer to 1,000 every minute actually.
Construction and development outpaced installation of adequate infrastructure and storm drainage systems
Now in places like Pasco County, it floods every time there is a hard rain for several hours. The people who work for the County didn't care when they were taking bribes from developers who didn't want to pay for the extra facilities; but wanted to collect the big dollars profit for selling all those cheaply made track homes in those infrastructure lacking subdivisions
Right on with your analysis. Developers make their $$$ off the land, not the development.
The people who work for the county as you said are the county commissioners and the bribes are the campaign contributions just like everywhere else.
Lol she expects inflation levels to return to normal. Economics doesn't work like that. It's here to stay. In fact inflation pressures over the rest of the decade will be going higher. The cycle has just begun.
Don't really understand economics do you... must be one of those 'uneducated' that tRump loves...🤣
It can only get worse from here
@@thzene4967 Exactly. Rents never go down. At best they stay flat until the next real estate insanity
There is a global housing crisis. Hedge funds bought up all the available homes, sometimes to the tune of thousands of homes in one city. And are renting them out at obscene prices. That has nothing to due with any individual state. The coasts have always been more expensive, that won't change. When the overpriced home you are renting needs repairs, imagine waiting on a management company to return your call when you are 1 of ten thousand across the state. How can you possibly save for a house when your rent went up $500 and more to come each year.
I think there is a recession on the horizon. Wait for the fire sale of property.
There is also a large shadow inventory of second homes left vacant for most of the year in Florida, fueled by income inequality. Many of these will flood the market in the coming months because of the inflationary downturn. Housing and rental prices will come down a bit
"You will own nothing and be happy" 😒
@@leefp6719 The NWO tag line is real!
I’m a teacher leaving. Can’t afford it on teacher salary. I work all day teaching and come home and teach online. All I do is work to live.
I hear you sista! 💯 I hope and pray you find somewhere you like 🙏
Your underpay to me is the Number One cause of our country coming apart at the seams. Teaching should be so well paid that it's very competitive to get a job there, meaning that only the above average can even stand in front of our children.
@@brianmi40 Yet, even at teacher's overpaid salaries you have kids that can't name the Vice President or explain the Constitution.
"Florida can never really come to grips with saving the environment because a very large percentage of the population at any given time just got there."--John D. MacDonald, "The Empty Copper Sea"
And will be dead soon...
Great author Loved Travis McGee.
I've made it about a year outside the umbrella of my parents, who luckily own their home already. I'm surviving not saving. My rents inflated and even working full time at 15 and hour I still HAVE to have a roommate, even a studio apartment is over 1100 a month. Planning on moving out of state once my lease is up, as my rent on a 2 bed 1 bath is going up from 1400 a month to 1600. Good luck living in Florida when anyone making under 30,000 a year cant afford to live there. There's an entire working class that's being driven out of the state that has nothing to do with retirees. I would also like to point out that the casual suggestion that people on fixed income can just "pick up part time work" is frankly outraging, many can't afford to live here anymore, but at the same time they can't afford to leave. There are people on disability, or that are too vulnerable to work. The next 5 years are going to be rather interesting, I'm glad I wouln't be here to see it. Tampa and St. Petersburg are not the cities I grew up in anymore.
Once they fell under Democrat leadership they fell apart. Just like what's happening in Orlando
You are so correct, Emily Wilson. Glad the Good Lord opened the door for us to leave four years ago! I loved Tampa Bay but it is not the place it used to be ...sooo sad!
The average 1br here in Raleigh NC is now $1500 plus utilities.
I’m glad people are leaving. I was retired but bored. Picked up a server position and making almost $2000 working 20/hrs a week. Loving life.
The $15/hr. minimum wage has been blown out of the water over the last year. It now needs to be at least $17-18 for a person to survive, maybe even $20. This home escalation is unsustainable. I live in St. Pete and luckily own, but my house has gone up 17% just in the 5 months of this year, to $350K for
I own a condo in St Pete in a large complex that some owners rent out. I can't believe what they're getting for rent or how the poor renters are able to come up with it.
Unbeatable weather? That is a complete lie! Six months out of the year is hurricane season with torrential downpour, and the other half is humidity and mosquitoes/bugs. Stop saying the weather is great in Florida year-round. It's false.
the only thing great about the weather is no snow. otherwise you are correct HOT with lots of bugs. I have been here all my life, and if were not for family, I would be gone.
@@anniesshenanigans3815 I've only been gone for 9 months. I just couldn't take the heat anymore. They say you get used to it, but you don't. lol I lived in Tampa Bay since I was one so 33 1/2 years is enough heat for me. :)
Been here 7 years. Compared to where I come from, Wisconsin, I would pick Florida's weather 99% of the time.
@@DanRichter Oh, I get it. Just saying I've been here for over 30 years and it's not something you grow accustomed to, but it does beat shoveling snow.
@@uscitizen3252 grew up in Pasco from 5 onward and always HATED the weather.
Advice for retirees: Find part-time work to supplement your income, yeah right! I left Florida a year ago and I have no regrets!
Forget going back to work!! Fl. ain't that great!
Born, raised and still residing; Tampa is ruined 😡!!!! Paradise too expensive now, the struggle is real!!
Fuckin Tom Brady brought all the attention to Tampa and ruined it for us.
4 generations of Tampa on my moms skde...Tampa is too damn crowded and expensive now and RUINED. End work from home and send all these New Yorkers packing please! Go home back to your jobs.
I'm thinking that many landlords took a financial beating during covid and now they see an opportunity to get some of their money back - this is one reason rents are going up.
Stop the insurance scams and you will solve the problem!
Tampa is expensive as fuckin shit.i pay 1400 for a crappy two bedroom in a shitty complex
that's a deal, that's what we pay for a studio in Phoenix
Aw man. I love this state and its history. If this drama keeps up, I'm just gonna have to be realistic and move out of the state...
There are other beautiful states honestly, it’s getting overcrowded and crappy here
I'm definitely considering leaving. It used to be nice here back in the day..💔☹️
That’s why it’s so expensive. Everybody wanna move to fucking Florida
Yes, they are mostly from the North who move to Florida, and will quickly tell you how much they "miss the snow."
It’s like that everywhere in the sunbelt southeast; people are flocking from the mid Atlantic and California to the southeast. It’s getting bad even in NC
@@Danny451 ain’t that some shit 😂
@@918DEATH 🤣👍
Lived in Tampa Bay for 20 years i loved when it was not crowded and hardly had any traffic until now.. it's a shame.
Florida, like the rest of the US has gotten to the point that other countries are looking much better. I leave in a few months and will be finished with the US. There are better countries in which to live.
What countries have you looked into?
@@DaDonJuan I lived in Thailand but I am moving to Spain. Vietnam is another option or Portugal. There are many options but you have to step outside your comfort zone. I chose Spain because it's a Socialist Monarchy and the people are some of the most laid back on the planet. My stay there was enough for me to easily say goodbye to the US.
How is the cost of living in Spain like the monthly rent?
@@cooldeesir We found a house with 3 bedrooms 2 1/2 bathrooms with a garage, fully furnished and equipped, with a small plunge pool for $750 USD. The food is fresh and they have a lot of mom & pop shops all within a 10 min walk. We ate out most every night and the most we spent was 15 USD for both.
@@arnoldbailey7550 that’s very good. All the best. Hope you enjoy your time there
Those housing prices are about to plummet, as the housing market is about to crash hard.
Hope so Ivey
Housing may crash, but until the work-from-home thing ends, which it may never, you will still have 350,000 people a year moving into Tampa. But honestly, I think the 'Gig" economy kicked all this off. People got really brave about moving to Florida with no plan whatsoever. I got into an Uber in Hallandale in about 2018, and the driver told me she works less than 40 hours a week. People in my small land-locked town can't live on Uber or Lyft without really hustling. Down there, one Uber can get paid for 3 passengers on one trip. Then the pandemic hit, and a massive wave surged of people being able to be anywhere they wanted and still earn high incomes. Just my take. Mortgage rates and crashing houses won't cool that place off.
One can only hope so
And IF/WHEN they do the interest rates will double or triple like the late 70s/ early 80s to high teens and that " half price house" 375k down to 187.500)you MIGHT be able to qualify for a mortgage to buy ( under tighter lending rules) you will only pay 50k MORE in interest than if you had bought it today
I’m thinking stagflation. Inflation isn’t going anywhere because Congress keeps on spending (creating money from nothing) and the increased needed welfare will keep it going. Housing may correct just a little due to higher mtg. rates but will continue to climb. There’s a shortage now and with millions coming in through our southern border needing a place to live it will take years for inventory to catch up. If you can, buy all the houses you can afford.
Due to the higher cost of living spending will slow and companies will need to start layoffs. Hence stagflation.
Anybody agree?
They forget it's a hurricane state.
I keep saying wait till the next big hurricane comes it will shake all the newcomers out like roaches. Happens every time.
@@ursulabklyn_mia6148 Except now they're stuck with a 30 year fixed mortgage lol.
Hey, what happened to all the hurricanes? We haven't had any in a long time.
Appealing weather? I've never understood that. The weather in Florida is HORRIBLE. I've been stuck in this wretched state since I was 12 and the weather is just terrible. The humidity, scorching heat and no seasons is a fair description of the climate down here. When you can pretty much feel the air like a brick wall in the summer because there's so much moisture in it, that's bad. I've been stuck here for over 40 years and each summer seems to get worse. Finally will be able to leave soon and I guess better late than never. Lol. I cant wait to see how many newbies hightail it out of here when July's weather hits (100% humidity, 101F with a heat index of 112 for example. Sure the west can get hotter but they don't have the humidity with it that makes it like a broiler) or the first hurricane comes through.
Hurricane hasn't done a direct hit since I got here
Yeah the hot weather takes some getting used to
I just left a post saying the weather is terrible, too. lol I was a 33-year resident until I moved to the West Coast last year for my career. To say I don't miss Florida weather, would be a huge understatement. The weather in California is a dream.
Better that weather than Commiefornia and absurd politics and taxes. 👍
Yes, I hope all those recents will join you and leave so we can get back to normal here!
Not to panic he says ? I’m Homless on disability ! But stress my gratitude to be in a country that does offer help ! Overwhelmed and near my end If I don’t find a resolution !
I was a snowbird between Ohio and Florida for 10 years. SW Florida is way too crowded, too many people, too much traffic. I escaped in 2018.
SMART! Me too!
I'm considering Ohio. Did you ever move back there?
I'm in Tampa and it's really sad how bad it's gotten. Very expensive and overcrowded with out of towners from all over the US and bad traffic
FL is no longer cheap Time to move on.
Born and raised in tampa and having to move away because I cant afford to live in my hometown anymore. Its ridiculous. My ghetto apartments went up in the last 5years from 1135 to 22-2900. If they gonna charge luxury prices can we get wooden closet doors instead of metal ones that pop off track all the time, can we get matching door knobs or at least can we get shower knobs that dont strip every other month. Its all Tom Bradys fault 🤣 he brought all the attention to tampa the hidden gem 💎 Go home people or at least learn how to drive the florida way
Nothing to do with Brady, it's simply a more Work From Home workforce that is getting the hell out of the snowy winters of the north, along with the usual flow of retirees.
Nothing went back down with the price of fuel after spiking in 2008. Everyone raises the prices and they don't go back down accordingly. Fuel may return to sub 3 dollars a gallon but the goods won't go down.
Trust me I have no desire to live anywhere in Florida.
Real estate greed is ruining our country.
Add the fact that home owner insurance is becoming a real problem for many people. It is so expensive. Some people are losing their home's because of the crazy rising rates.
Buying property in Florida is like being a pin at the bowling alley due to the storms...
You left out rising property taxes
@@eckankar7756 What storms? Hurricanes? They usually hit the Carolinas. Granted when we get hit with a hurricane it can be pretty bad. Last hurricane that affected my area was Irma in August of 2017
@@fauxque5057 Yes, Hurricanes...those are STORMS... I'm in Arizona, not had a single damaging storm in the 50 years I've lived here.
One of the predicted effects of climate change, now impacting people’s wallets.
My rent in Tallahassee also rent up and forced me to move to Georgia.
If you live in Florida and work in Florida or even want to retire, The reality is you cant live here. Its gone up a lot even in food and everything else. most cant even work part time due to health. but leaving is a good answer . Do not give any of these gougers anymore money at all. you get nothing new and if it look s like a bargain its made cheap all we need is one major hurricane and its all over. just remember that.
Wasn't my choice to come to Florida, miss the 4 seasons and hate the swamp ass!! That being said, where I moved was so slow and uncrowded, not anymore!!!!
I live 100 miles south of Tampa. Houses in my neighborhood have gone up 30% in ine year. They sell quickly and more than 2/2 were cash deals. Good luck with HO insurance. I moved here in 1998. I could not/would not now.
I don’t live in Florida. If I did, Tampa isn’t a place I would ever consider. Other places in Florida with less people and cheaper to live.
I just learned my apartment complex raised their rent another 35% this year on top of the 35% they raised it last year. Something needs to give. A 3 bedroom in a mid-tier apartment complex should not cost $4000+ a month. These are NYC/Silicon Valley rates, but we don't have incomes here to justify that. I hate to say it, but we need emergency rent control, at least for the next 3 years or so to get us out of this pandemic hangover.
Rent control just means less building of affordable housing. I have 5 rentals, I only rent to retired people. Units have walk in showers, grab bars, weekly transportation to the grocery, nice affordable ground level condos, 2br/2ba for $1K a month. If my area goes rent control I'm selling out and there will be 5 more nice units not available.
@@thzene4967 My tenants have been with me for 8-13 years, as they die off or move to nursing homes I'll definately increase the rent. I've become so close to them I've never raised their rent. I never once claimed to be the 'entire market' but so many other property owners in my community and nationally will bail out, too. My properties are long paid off, other landlords still have mortgages. My state taxes are agreeable, others aren't so fortunate. I see no measures to limit the cost of a McMuffin because people can't afford them. Or movie tickets and popcorn, or Disney admission.
It's the government's way to solve the housing shortage by dumping the problem on commercial business to foot the bill.
@@eckankar7756 That's 5 homes DESPERATELY needed on the market.
@@realjoedee The government shouldn't treat property rental business like hookers
@@thzene4967 Ridiculous. It's not private industry's responsibility to carry the cost, maintenance, repair, upkeep, policing renegade tenants while the government takes no financial responsibility for loss of business and investment revenue. Go back to the Projects of the 1960s...that went well, didn't it? The government horribly failed trying to house the poor, now they dump the responsibility onto private businesses. They know it can't be done...it failed then in every single state. I will definitely sell my rentals if rent control comes to town. It's a business not a charity. Make churches house the homeless, that's their business...they are already tax exempt. The government is completely aware they can not fix this problem so they sink private investors in real estate.
I left Tampa (Pinellas Co) as a retired renter in 2018. I couldn't find a decent house for under 350k and 30yrs old. Moved to Raliegh NC and found a great newer house w quarter arce, no hoa for 200k.
Wow that’s awesome. Enjoy your retirement , you can always come back and visit 😊
I bought on a canal in 2018 in St Pete for $250k. Took 8/months living on a sailboat downtown before I found the right deal. Best experience of my life.
@@naturelover2292 No thanks I am not going to visit Florida, I'll visit North Korea.
Same thing is happening in Miami. People are getting priced out.
I was looking at Florida but the insurance situation is what's giving me pause
And you are smart to consider that. That is one of the reasons why I will likely leave.
why, what's up with insurance?
Especially auto insurance.
Set hurricane deductible to 10%. Sounds risky but saves a bundle. My hurricane premium this year $167.67, policy limit $219,000, hurricane deductible $21,900. Non-hurricane premium $221.33. The higher the deductible the lower the premium.
@@JEEPIMPACT It is HORRIDLY expensive and they are canceling homeowners insurance left and right. Ins, companies going bankrupt. Beware!
For so called jounralist, they’re playing it too safe and being too politically correct instead of getting down to the harsh truth! While while there are many ppl in the Tampa Bay that are suffering, and will be facing unfortunate living circumstances soon. It’s disappointing how there is no cap to how much landlords or property managements are absurdly increasing rent!!!
There is no rent control within the state?
Insane increases in insurance...taxes ( remember landlords don't get the tax breaks owner occupies do) and the increase in parts/ labor/ materials / replacements ALSO cause rent increases...landlords are NOT charities..they are in business to MAKE money
@@thetrainguy1 no rent control. My rent in January 2022 went from 950 when lease ended to $1900 !!! I declined to renew at that rate and moved into my RV, now parked ib Pasco County an hour North of my St Petersburg job . And of course now the gas is $5 a gallon today!
Florida is like a humid version of Mad Max. It’s a hyper-capitalist experiment fueled by retirees and billionaires with deep pockets. Why in the world you believe there’s be rent control there?
@@thetrainguy1 none..and actually illegal per the state constitution
I've lived in Riverview for 22 years now. Traffic and congestion is horrible now! They are literally building apartments and homes everywhere they can fit them. Our roads can't handle anymore yet they keep building and won't stop. I dread driving anymore because it is like rush hour all day long, and the actual rush hour, forget it. Will take you 3 hours just to get to the store and back.
Florida is still substantially cheaper than other states. That said, what is stagnant here is the salaries. Add to that the skyrocketing home insurance rates, thanks to rampant fraud, and no real control over rent/housing prices, and you have a recipe for disaster.
This is oh so true! Just got almost a $700 jump in my property insurance bill this month. Unfortunately, for tenants- anyone who is a landlord will be passing that expense off to the tenants- further increasing rents!
You are paying for what is coming.
Try living in Tennessee. It’s gorgeous there and in most areas cheaper.
I moved back to Cozumel as a 64 year old. Rent $500 close to beach...would be $2500 in Sarasota.
It's not just Florida that's becoming unaffordable. It's all of America. My house went from 175K to 465K. What's the solution? Maybe move to another country.
Canada is looking better all the time.
@@karenryder6317 North Korea is tempting, maybe Haiti.
Same thing in Arizona. Aside from a few isolated towns, Arizona is expensive for retirees, and water is a very real concern. There are towns that have none. If your town is CAP water dependent, in 2025 there will be cut backs as the Colorado River Compact dictates municipal cutbacks. Mississippi retirement?
Good luck in Mississippi. Theres no water there either. Hook ups that is
@@debnicometo232 Hook ups? I'm pretty sure people could retire to Mississippi and have it a lot cheaper than Tampa, and have municipal water.
@@Winterascent in the southern parts. Hattiesburg, Columbia is popular. But most of Mississippi is not on municipal water but wells or local water in co-ops. And now there's limits. You don't want to go any further north than Yazoo or south Jackson. Southern systems in Southern states are not like the rest of the country. Been there done that. Also they still are clannish except in Southern half.
I live in Phoenix and in Sedona. I think Az is very affordable. Property tax, utilities, food, we have abundant medical facilities that retirees need, warm winter, blistering summers, though.
@@eckankar7756 If you actually live in Sedona, you have money. A lot of money. That, or you bought a home there a long, long time ago. Zillow estimates the typical home price in Sedona at $814,000. Not exactly what the average retiree can afford. According to Zillow, the typical home price for Phoenix is almost $400,000. Again, not exactly affordable. You can get something out in Casa Grande for much less, but that isn't Phoenix.
Rent has gone from $1200 for 2 bedroom same area is now $1850...
I was renting a Rancher in 2019 for $900 I had move when my lease was up it went to $1250 then $2000 now I see my old landlord gets $3000 what a joke all profit house has been paid off since the 90s needs a complete update and he gets that's much now he got mad at me back then for moving he said I was the best renter he ever had I said sorry I don't even make that much a month I moved into a van a year ago. When renting rooms got to much to many stipulations
The same thing is happening in Arizona. Gee, New Yorkers and Chicagoans moving to Florida, and over on the west coast, Californians, IChicagoans, Oregonians, Washingtonians are moving to AZ. This has something to do with rising rent prices.
Tampa rent is no different from the rent in New York. The income is not matching that change either.
Real Estate Companies are scooping up all of the properties and lands. My rent went up by 150 and this place needs to be investigated. They have not done any upgrades since 1970 and that is what the management told me
Good motivation to become more so you can earn more. Stop reacting to what the landlord says, invest in yourself to earn more, work like a demon, save, invest so one day when that one good affordable property shows up you have a huge bankroll deposit to drop and buy your home. Rent should always be considered as short term housing. Focus on what you can do to make buying a reality. Right now may not be the best time to buy, but it's a great time to learn a skill that earns you more and save, save, save to be ready to pounce when opportunity knocks.
@@eckankar7756 I am on disability so it is not as easy as you think. I know all about buying that’s why I’m looking at tax deed property but again when you are only getting disability it isn’t that easy
@@813South there was an RV person that did the tax deed thing and got 5 acres for less than like $200. total feels. He did a series of videos every step of the way how he did it, it was amazing how he figured out the path and followed it. Something Granny was his channel on YT. Brilliant videos finding free land in Az. I forget the full channel name, maybe you can find it and follow those steps. I thought about it, but honestly, what would I do with land in the middle of nowhere? If it's your dream check it out and watch the series.
At no time did I ever say anything was easy, why do you accuse me of that? We're all dealt a hand and we play our lives out like a game of cards using what we've been given, or picked up/dropped off playing the game. So many love wearing the title "Disabled" like an entitled badge. The nail tech that I worked with for 30 years in the salon was born without legs, never once did she say she was disabled. She bought and paid off her home. Look for ways to make life open up for you, not excuses you never tried.
@@eckankar7756 I’m just waiting for the new tax deed list to come out at the end of this month.
Everyone’s situation is not the same but I appreciate what you are saying
Florida needs to stop raising property taxes on rental units. Property taxes and insurance are causing rents to sky rocket.
That’s the smaller part of the reason
Try zoning
That's not even close to the actual reason. Otherwise the rent would have just risen a couple % instead of 50%
This is true!
The government is causing all of this greed
Nothing has ever changed
It's always been like this for as long as I've been alive
@@joshurlay my insurance TRIPLED on my rental this year..now over 8k a year..my taxes get no home owner breaks and doubled in 3 years...do you think I'm going to eat that 589.00 a month increase ? Or how about the cost of a new roof ( now required to keep insurance every 10 to 12 years) increasing from 8k in 2019 to 14k in 2020..or any of the other cost increases for repairs replacements ? HAHAHAHAHAHA...of course those costs are going to be passed on to the renters
Everything has gone up to much makes no sense and the government does nothing! People can't afford to do anything I moved into a van a year ago my rent went from $900 for a Rancher to now that house is $3000 a month then people want a $800 and higher a month to rent you a room but there's no parking have to share a bathroom. No thanks that's ridiculous
Don't blame California.
Blame it on the Bossanova.
old person “I can’t afford to retire in Florida anymore”
financial advisor “get a job” LOLLLL
It's not get a job anymore.
It's start a business.
No sympathy for wage slaves.
@@thisismagacountry1318 did you actually read my comment before you commented on it? Lol you think someone at retirement age should start a business? LOL wow
@@Jay-bw3fl I'm saying if you didn't plan ahead, didn't do your due diligence and invest wisely in multiple income streams then you MIGHT need to start a business.
Working as a wage slave isn't going to pay the bills.
Best part is you form your S-Corp or C-Corp, get your EIN, register with your Secretary of State and hire workers. Advertise on Facebook and Google ads, take calls and schedule service calls. Other than hiring and organizing all you're doing is answering the phone.
How hard is that for a Senior?
Insert whiny excuses here.
DUH
@@thisismagacountry1318 you’re really out of touch
Thanks BlackRock
No charge.
Definitely not concerned that the area will flood in a couple decades.
To me Florida has been overcrowded for years. Way too many housing developments and way too many cars. Not my idea of a good time.
I love how all the news stations stay on their propaganda of calling Florida “Paradise”. I have lived here for 15 years. I wouldn’t exactly call it Paradise. This is done to cause apathy to those who can’t afford the cost of living in Florida because of course it will cost a lot to live in “Paradise”. It’s all about the rich justifying their price gauging to maximize profits at the expense of causing homelessness at a scale we have never scene and they do not give a $hįt who goes without food, water or housing.
I live in St. Pete, and you overlook, or maybe have never experienced a -40 degree wind chill coming off of Lake Michigan. Unless you've lived through a northern Winter, you can't appreciate how less burdensome humidity is than freezing cold. I agree on the pricing problems, but trying to disparage our climate versus northern Winters is a non-starter fail. Having lived 20 years in both climates, I can tell you for sure, it's simply up to preference. We have 6 months of hot humid hell, but up north they have 4 months of Winter hell, and still have 2 months of hot humid Summer hell just like us. But for those that are adverse to the cold, this IS Paradise by comparison climatewise.
They know what they’re doing.
Thanks to the installation of Brandon
People always want more and more and more. We bought are home and stayed. Now its ours. We both retired at 55. At 62 we both started SS. $3843.00 per month. Total. We do just fine. Live within your means. Years ago we got out of NY because of the high property taxes. In NC we pay a fraction of what we used to.
I recently sold my house in Pasco and now rent in Lakeland, while I wait to see what the economy & housing market does. I think about moving to the middle of nowhere...
Good luck with that since everything is becoming more urbanized.
When Florida is underwater in 50 years, they won't be able to give those houses away
been hearing that lie for the last 60 years
Thats ok in 50 years or earlier I'll be dead and gone so I don't give a rats asss.
This is sad. This is the sad benefit of not paying state income tax…🤦♀️
I grabbed my house within a few minutes of it coming on the market, didn't even wait to tour it. That's how hot the housing market is in South Alabama now. Before I even got moved it, people were leaving notes on the door wanting to buy the house! Even with the "sold" sign still outside!
Wow. Good move...
Im moving away couse in 97 when i came i made $1000 a day now im not panning out $1000 a month .
We need help from our mayor and governors but they failing us
If you love sunshine and sinkholes, Florida is for you.
I don't like "sinkholes, mosquitos, bugs, snakes, alligators, sinking into the sea", so NO THANKS to Florida, I've never wanted to live there, or either visit either!!
You forgot hurricanes.
I'm moving to North Korea.
No way is Florida more expensive than NJ just look at our property tax.
Yeah, latest survey still shows 4-5 places in Florida that are among the cheapest in the country. Zepherhills for e.g.
It’s taking the cost of living here and comparing it with wages here. We are way behind the northeast. Then you have insurance rates which due to hurricanes can get very steep.
@@brianmi40 you won’t earn anything in Zepherhills either.
the reason costs rise is because more people migrate there... because they are escaping their state...a lot of people running away from what they voted for... even where I live in NC my house has gone up in value but with that comes property tax and HOA fees going through the roof... to the point it can force a lot of people to sell.
It’s a national low wage, income inequality problem pushing a vast segment of the population to look for alternatives. I do not agree it is voters fleeing what they voted for locally. Yes, people are fleeing large cities, because large cities are inherently expensive. They are also leaving large cities when they can work remotely or retire. What caused the low wages and income inequality? Basically, the Republican grift playbook of anti-union, pro-wealthy, discredited “trickle down” financial policies. How much has “trickled down” to you? Nothing.
The reason costs rise is because of the LACK of sound money.
@@BoomBustProfits So where do you us to move??? Everywhere people are complaining, Americans are spoiled brats, take a look at the Philippines, poverty stricken country, I'm an expat here, people don't complain, every country in the world is getting expensive to live unless you want to live in North Korea.
Myrtle Beach South Carolina could be a cheaper alternative,low property taxes.
Used to live there years ago when it was peaceful and inexpensive. Went back several years ago for a visit. You don't want to live there.
@@georgedreher2322 You got that right!
I used to live there.
The property tax is high! Income tax, I am retired I wouldn’t pay much in any state. No red states!
Venice, FL is the place to be, the island has the best bars and restaurants 👌
Yep. It's high as hell now. Smh. 🙄
Interesting there’s no mention of Pasco County having major sewage treatment issues as well as limited potable water.
@Anaja S Which end of Pasco County? I used to live in Dade City 2005-06
I lived five years in Tampa in the 90s and it was awesome especially Ybor city on the weekends. 😎
Being driven away, received notice last week we have to out by July 15th. I am looking at Kansas right now.
I am in Clearwater, the landlord wants to update, it's a three bed two bath. He knows he can get three times what we're paying.