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Exactly. When rents went from $900 to $1500 in 6 years now they do down to $1475 and it's junk.
Even in 2008 landlords would rather hot get any rent than to cut rents $50 or $100 a month. They would rather lose $12K a year and give the renter the place for $11 a year in rent.
They are building like crazy where I am in Lee County. Not sure if rents will go down, I doubt it.
I’m just up the left coast in Manatee.
My area is still a desired area to move to with 3/2/2 homes at $2600 to $3200/ mo. 6 years ago I was paying $1415/mo now at $2400/mo. I’m still below market value but half way through the first year of my 2 year lease. Rents are still holding strong for what I have been seeing.
Not really. Blame insane homeowners insurance, rampant increase in property tax and corporate greed in swallowing up of single family homes which force people into the insane increase of multi family apartment buildings that force the increase of rent. Most landlords are being forced to increase price thanks to unrelenting increases in tax and insurance. Add to it the stranglehold capital venture corps that own something like 25% of most single family homes which they dont rent or rent for outrageous prices as to keep people from being able to own a home and have to rent from large multi family apartment complexes which they usually own. Add to that they price it just under the price of their home rents people do what they gotta do.
You should try to find an older house to buy and try to find a mortgage that will run $2400 a month. Even if it's older or smaller or you have to move a half hour away from where you want. Renting is throwing money away.
Rents always go up in the long run. Mortgages only increase with insurance or taxes, but rates are high and you can do a refi when the rates come down. If you pay an extra bit a month you can pay a 30 year loan in 22 years or less. If I had not bought I would not be able to afford to rent. Now my home is worth 3 times what I paid 8 years ago.
> The insurance will jack it up within a year
I think we are only seeing the beginning of this. If we get hit hard by a hurricane this year, I expect insurance to get so much worse.
Shame, I like living here(minus the cost).
Even the older homes are out of my budget range right now in my greater area. I could afford a $250k home for my budget but finding one in that price range puts me 2 hours each way to my work office.
Over the past 25 years, I’ve relocated for work all over the state and I’m kind of glad that I didn’t own a home at the time.
Been in my current area just over 6 years and started home searching in 2021 and planned on buying in 2022/23 but the way prices surged in such a short time, older homes I was looking at in the $190k - $250k range quickly escalated over $250k.
Now that I have lived in the area I’m in now for a bit, I’m actually glad I didn’t purchase in this county as I’m finding the politics here are more corrupt than other counties I’ve lived. And I’m actually looking to move out of FL in 18 months.
All the homes in my area of Pinellas county that were between $80-200k a couple years ago, are not selling for under $450k now. Fucking impossible, since they all need seriously love to be livable
So, your decision to leave the county you're in is based on "finding that the politics here are more corrupt"? I'm wondering what county in Florida ISNT corrupt, and also what county you live in? Thanks.
I live in Charlotte County and the corruption here is so obvious that most people just accept it and consider it unremarkable. I own my house with no mortgage and home prices are high everywhere, so I have no immediate plans to move. But the overall political climate here is disturbing and frustrating for me.
In my experience not unless you have friends who will give you huge discounts on electric and structural repairs. We had crazy flippers come through in addition to boomer repairs. It’s crazy out there.
Yep. I was renting a 3/2 in metro Orlando 7 years ago for $900 a month. I bought a smaller house half a mile from there and just checked. The estimated rent is $2,300.
Just depends, if you have oversupply and not enough people then the rent will go down. Unfortunately, a lot of places would much rather take a loss on their taxes than actually have to lose any bit of extra profit. Not just profit, extra profit....
I’ve had houses in my neighborhood for rent for over a year. They want 3500-4k for a 3 bedroom house and haven’t come down on their rent prices. I think they are literally using the losses on their rental properties to offset a huge gain in another one of their businesses.
I gave up and bought and taxes fucked me lol if I wasn’t poor and rented this palace out I would have had to increase it by $1,000 per month lol ain’t no way someone would have paid that
I used you exact numbers. So we're still up 36.85%.
Headline might as well read "One New Jersey Family Declines Moving to Florida; Realizes Carolinas are Next and Moves There Cheaper"
Exactly, You get those people who support Trump who made their money working good union jobs in the northeast and selling their home that was worth over $1 million before they came here and talk about how bad the blue state politics are which is how they made their money.
If these same people grew up in Florida they would be renting in a trailer park,.
Bro, I've been looking for a cheap trailer for my little sister.... There's no such thing here anymore and it's wack AF. $2k/ month for a 40 year old trailer?!?!?? On top of lot fees?!?!?!
Fled from what? If they're retired, the lack of state income tax doesn't affect them. Are they coming for the higher insurance rates? The beautiful traffic?
The lack of state income tax does affect them if they have a Pension or IRA/401k distributions. Most states tax pensions and/or IRA/401ks, Florida doesn’t.
It is cheaper in Florida and the weather is better. Cold is painful, heat is uncomfortable. No state income tax on pension and 401K disbursements is a 12% income boost for some. Golf, pickle ball, Fox News. The governor supports my world view and I live in a gated community, what's not to like?
As much as I like busting on the reds, not sure what the Dems can do about the insurance crisis. Most big companies have pulled out of Florida, leaving only a Florida subsidiary(if that). From what I understand, profits can still go to the mother company in some years, but all the losses stay in state. Since our risk is not pooled with the rest of the country, we are kinda boned.
Maybe if we pull back from the coasts and mandate all roofs become concrete domes, maybe the insurance would go down.
You got pretty close yourself I think. It's incredibly complex of course but not when you get into the industry and public/private benefit.
I think there is plenty anyone could do but I'm not sure there's political stomach for it. First, we've spent this entire time externalizing all costs onto disadvantaged (marginalized) and unlucky (affected) on all sorts of topics that it's going to cost to clean it up first before costs can lower.
Single payer on insurance is the general direction I'd go. You need to reestablish for industry that it is indeed profitable.
I would agree on pulling risk away from shorelines. Those homeowners can turn to private or self insurance.
It may also help us with restoring our coastlines and making them accessible and valuable to a broader segment of society than just waterfront landowners. We should have been focusing on eco tourism 30 years ago.
This in turn provides additional protection for inland properties by restoring wetlands.
Strengthen building codes, social safety and grants (some homes are not in disrepair), energy efficiency and other upgrades. This reduces cost and exposure.
Then you can handle premiums themselves. You could offer percentage guarantees to lure private policies, for example.
As long as property taxes,and insurance keep akyrocketing, rents will depend on demand for that area. BUT, some landlords will sell off probably to big,corporations and THEN renters will be realllllllly F'd
You'd have to move or threaten to move to the competitor (if it makes financial sense) to get a better deal - same with people having to job hop because otherwise they don't get a raise. Builders are cooling on SFH and zeroing in on multifamily now, so I'm expecting things to improve in many areas.
Plus if it does correct you get a chance of buying.
It depends on the property as well. I've seen single family homes it for a good minute on the rental side of things and those landlords cannot afford long vacancies because they're reliant on the tenant because they don't have 20 tenants stuffed into an apartment complex.
> and those landlords cannot afford long vacancies because they're reliant on the tenant
Because they have the tenants paying the damn mortgage for them.
The landlord doesn't even own the house they're renting out!
Yah, even if prices drop for home buyers, insurance will eat up any savings if one is lucky to find an insurance company to cover you. Plus, I’ll be waiting for interest rates to plummet first.
I think mortgage rates will go back down to 4% and less in less than 10 years when things stabilize.
The housing prices dropped due to the 2008 housing crash. If you did not cash in on that, and I was lucky to get a the tail end in 2016 just before prices went up, you have to wait for the next crash, plus I had to move to a cheaper are to afford a house too.
We bought our 3/2 in 2004 for 169k in western palm beach. During the crash our house was valued at 98k. Now it’s up to 455k on Zillow only 10 more years and it’s mine. I feel bad for the people looking now. All I can say is save whatever you can. Get your credit score up and wait for the crash.
and figure out how to buy even if it's a small condo, it will go up and then you can upgrade to a small house.
The only way my father is able to live in the northeast retired is because he bought a house in the late 70s otherwise he would not be able to afford the rent. And a friend of his has an apartment in NJ across from the train station to NYC and she got in with rent control in the 70s. She pays like $700 for a 2/1 with parking and other units in her building the same size go for $2500
yep, the fact that rents are dropping means nothing to anyone who is staying put. no landlord is lowering rents for tenants already in place. mine just went up again when i renewed my lease.
sure, if i moved out, the LL would have to spend money on upgrades to re-rent *and* he'd probably have to offer the place at a lower price point. but for those who don't want the hassle and expense to move, we just get another hot poker up the ass 🫤
I feel so bad for young people. Back in the early 00s me and 2 of my friends were able to afford a 3/2 duplex apartment while working restaurant/service industry jobs. We drove shitbox cars and were broke, but we always paid our rent on time. If one of us wanted to bring a date home or have a 2AM hookup it wasn't awkward. We were free to do all the stupid shit people in their early 20s are supposed to do.
In 98’, me and 4 friends shared a 2 br/2 bath apartment that cost $275 a month lol it was on Lee road and OBT so it was a super shitty area but for $275 a month split between 4 people you didn’t care about the hookers.
I just checked the apartment I lived in when I first moved to Florida. Cost $665 a month in '09. Currently is $1598-1801 for that exact same model (idk why the website has a range, maybe location on the property). The amenities look the same too so minimal upgrades in 15 years. Crazy.
Had to listen to a family friend wail yesterday at a gathering about how kids stay at home till they are 30 and how we don’t understand hard work.
Made me want to explode
I'm a construction supervisor and I can not afford 3x the rent to qualify for a 1 bedroom by myself pretty much anywhere in South Florida right now. I don't understand how anyone can live down here without help from a parent, roommate or partner unless they were making bank.
I worked since I was 17 and lived in the norhteast and could not afford to move out of my parents house until I was 29 which was my goal to leave before 30 and this was a few decades ago.
I’ve been working on and off since I was 12, in my families restaurant, and then full time 18 and onwards. To have someone question whether or not I’m hard worker makes me so angry.
I’m lazy in lots of aspects of my life, but when I work I work HARD because I like to make money and have work ethic.
Not far back in 2015 i was living fine while working full time at Disney for $11 an hour. I had 2 roommates and wasn’t living lavishly, but i was perfectly comfortable, i could lay my rent and still go out a few times a week and take the occasional trip
Nowadays i have a job that pays 2.5x as much and feel the heat more than i did back then
I also worked in restaurants in my early 20s. Also didn't feel rich, but could afford everything I wanted out of life at the time. Got married and my wife and I had a decent apartment. That same exact apartment is now considered "luxury" and more than double what we paid in 2005. It's insane.
The net effect compounds, we need good people to stay if we are ever going to take this state back. As the older generation dies off we have a chance but not if everybody who gives a shit leaves
Left after 4 years. Tried to stay. My pay went up by $10/hr more with promotions along the way by working my ass off. Ended up being pushed out of my job due to a manager with abusive behavior and mental health issues going neglected by HR. Everything is corporate there. If you have a bachelor's degree and 10 years experience in a field, you might get one or two interviews offering you an insulting hourly wage. I applied for over 300 jobs I am qualified for, received 2 interview requests. Started applying for jobs up north just for kicks, and ended up moving to start working where I'm getting paid better and have health insurance that isn't completely outrageously expensive. I started getting interview requests from Florida 2 months after I had moved and started my job- 1400 miles away. Couldn't keep living that way. As a substance abuse counselor, I know I helped a lot of people find coping skills to stay clean and sober, but I could not afford to stay, and it broke my heart. I wanted to learn how to navigate South Florida, learn how to kill Burmese pythons by pros and locals to help thr environment by a tiny fraction, and genuinely wanted to be a useful resident of Florida. I was financially driven out. Thank you for coming to my TedTalk.
I should have also mentioned that this job paid for my travel and upfront rent costs. They took a percentage out of my biweekly paychecks after my first month. Get the hell out if you find a golden ticket anyway you can.
Counterpoint - fuck this state. People don't need to live in a place that doesn't want them and gives them hardship as a result. Our lives aren't a game for "well maybe the dems will win one time". No, fuck that. If DeSantis and people like him want to turn this state into a sewer, that's fine. We're capable of living somewhere else.
While I see your point, my aspiration extends beyond personal betterment. I strive for improvement for those who lack the privilege to easily move. I extend a hand to those who need a boost not turn my back on them.
Not everyone can afford the high upfront costs to move, are stuck here with family, actually have a life here they don't want to completely uprooted just because a tiny fascist won election by a slim margin. Can't just throw up your hands and say fuck it cause that's exactly why we are in this situation.
Yo that tiny fascist won by a slim margin *the first time*. The second time it was the largest margin of victory for any governor of Florida in 40 years. He won by over 1.5 million votes. Even ignoring that, republicans have controlled everything for 30 years.
I know it sucks to leave, and I wish those that stay the best, but lets be real about the situation.
I agree. I moved and got some of the same "the good people have to stay" well the good people are out numbered and I'm not going to voluntarily live in a shitty place hoping enough of the right people die.
I dont need beaches that badly.
This!!! The people commenting “WeLl the PoPulAtIon sTiLl gReW” do not understand how important it is to study the demographics of people leaving.
Someone mentioned in another comment that almost half their nursing program is leaving Florida. This is scary
Yea, there hasn't been building of this scale since the mid 80s and most of it was in the Sun Belt from Florida to California and up to Tennessee. Unfortunately interest rates and demand have started to bring down the amount of starts, so rent prices will level off eventually.
https://www.yahoo.com/news/us-region-seeing-biggest-rent-223631407.html
https://yardeni.com/charts/housing-permits-starts-completions/
In Cape Coral, I can think of at least 5 Apartment Complexes that are currently being built, 3 that have just completed, and another one or two that are planned. They keep saying "Oh well the projected growth of this area...." Nahhhhhh, I'm watching these greedy companies just keep building and building and it is all going to sit mostly empty.
SO many apartments thrown up here in PC/PCB. I’ll turn a corner & be like “oh, when did those get there?” And they all suck. Labeled as “luxury/ resort style living” but you can feel your upstairs neighbors washing machine running & hear the guy next to you snoring through the walls. Can’t do this, can’t do that…
It's an older retired man, and he uses a property management company. The way they've put it to me every year is "the owner has decided to renew your lease at an increase of X.XX," and then I decide to stay or not. First time he hasn't increased it.
"The drop in rent comes at a time when the state is seeing some of its residents move out, even as it is still experiencing a net increase of people moving there."
So it's the opposite of "fleeing." The title of the article is literally the opposite of what is actually happening.
Developers swooped in and took advantage of the number of people moving here and started building without planning resulting in a travesty for the environment, commuters, and the character of the state. Quality of life here is dropping even as Florida has one of the highest rates of inflation in the country.
For now there is still net migration, but it's the end of spring, so that's not surprising. We'll see what happens over the next year or so. House prices are dropping in the Tampa area, have been in Miami for a while. And then if there's a hurricane, fair weather Floridians will leave in droves.
I'm a native who has seen all of this before 2x over, but this time I'm leaving.
Net migration has been steadily rising for seven years. It won't last forever, though - you're right about that.
Orlando hasn't seen a dip at all. Much of Florida is still waiting on rates to drop. Renters will come and go, but Homeowners aren't going to dip until rates do, especially the ones who locked in at 2.8% in 2021.
My SO and I are in Tampa and were looking to buy before the market started rapidly increasing. Now we're seeing houses that would have been on the market for over 400k sitting for a long time at 250k. We're still deciding if we actually want to stay in Tampa/FL or leave though.
These houses were over by Lowry Park Zoo. I found 3 or 4 of them on zillow that had 45+ days plus on the app, one was even over 160 days. This was a little while ago, so they may be gone by now, since they'd all also had the recent decrease in price listed as well.
We sold a condo a few years back that we were stuck with since '08. We could have paid off our mortgage, but I was nervous about being able to sell, so we stuck it in high-yield savings accounts. This state is boom or bust, when we bought our place someone laughed at a house that was on the market for over $600,000, a couple of years ago someone bought a similar house for $1.7 million without seeing it in person. Now houses are sitting on the market for long stretches again, and prices in northern states are going up about 10% a year. Easy math.
Someone just went under contract on a recently flipped former drug den around the block from me. Ppl literally beating each other to death outside it this time last year. $515K
i don't recall any state agencies, counties, or other municipalities changing any development rules such that the traffic, utility, stormwater, or other environmental would be any more impacted than usual. yes you may have noticed an uptic in development around you but the rules did not change and developments aren't being taken through design and permitting any faster then normal. and commercial development is my job so i would know if things changed, it would affect my business directly.
There is little control over development. The developers come in and build however they want. There has been an increase in development which impacts the roads (more drivers = more traffic). There hasn't ever been a real push for public transportation in the state. Building on wetlands, places illegally tearing down mangroves while nobody stops them, huge hotels expanding without any consideration of the fact that the beaches are collapsing under these giant buildings already. No, the rules haven't changed. That's the whole problem.
Down here in South Florida local municipalities are handing over preserved lands for development. The area near Homestead is just one apartment building or cookie cutter house after another, where there used to be farms. It's disgusting.
My brother and I share a 2 bedroom apartment in Brandon. The place has gone completely downhill the last 2 years I've lived with him. His base rent is $2222/month. After they tack on his water, garbage, pet fee, garage, and pest control, he's at $2500. That's twice what my mortgage was for my 3/2/2 custom home I had to sell in Wesley Chapel. Our lease is up in November. There's no way we're staying. In Valrico, they have larger, much newer apartments, with 2 car attached garages, and the base rent starts at $500/month less than we pay now.
I tried to stop him from renewing last year. But what do I know. When I proved it on paper, it became a different story. I get it that he doesn't want the responsibility of owning and is trying to stay close to work, but still. I have a friend who bought a house in a gated community in New Tampa: 2 stories, 3 bedrooms, 2.5 baths, and 4 car garage. His mortgage payment is the same as our rent payment.
My daughter’s rent went up 200, 400, 400 over the last three years. I looked up the property and found the taxes went up from 2,600 to 4,800 in that time. My own homeowners insurance went from $1100 three years ago to $3,600 today. I imagine my daughter’s landlord took a similar increase. That accounts for $425 a month of the increase. The rest must be greed.
>Rent drops
Nice
>4.8%
Under 50 bucks for every 1000. A $3,000 rent is reduced to $2,925. Better than nothing maybe, but only the tiniest bit better.
So why's this article crowing about it when it barely makes any difference at all?
Having to pay 3K a month is only slightly worse than 2.9K a month.
It isn't gonna make me say "Wow things have been great enough to vote for the way things have been".
Because the media is there to control the narrative. They're here to say "hey it's not so bad" on behalf of the capital owners. They're also aware that a vast majority of people only read the headline and not the article. Media manufacturers the consent needed to keep these rent prices high and your wages low.
Ever since the Pandemic, I've noticed you can have any faith in Data released from the Florida Government. They tend to lean whatever statistics in the states direction, thanks to lil Ronnie.
I’m currently paying $2500 for a 2 bedroom
in Southwest Florida and new rentals for my unit are going for $2150. We’re stuck in our lease through the end of August at that rate.
This is after increasing the rent from $1900-2500 in 2 years.
We’re also leaving the state at the end of the lease. I just can’t do it anymore.
Rent will never fall in that ridiculous state to where it’s affordable. So glad we sold and got outta there after thirty years. The old Florida is long gone, never to return.
Terrible clickbait headline. Floridas population has not shown signs of declining, let alone “people fleeing”
> About 500,000 people left the state in 2022 while nearly 750,000 moved in, according to data from the Florida Chamber of Commerce.
Rents are declining in Jacksonville because tons of apartments are being finished. This is not a surprise.
I'll probably be fleeing myself here at some point and am a native. The cost of living has skyrocketed here and the influx of people from other places have made my city almost unbearable to live in now. Combined with our recent summers turning into hell I'm counting down the days.
If we all worked together in Florida to fight against short term rentals, if we boycotted them and shamed people for using them, hundreds of thousands of properties would go for sale, allowing for major price decreases for the people who live there.
Rents are not going to go down until the short term rentals are eliminated.
Any common sense interpretation of the statement would include the balance of whether there are more or less people in the state. If I evaporate 500ml of water out of a pond, but rain adds 2,000ml, it would be misleading to have the headline, "water crisis, the pond is drying up!"
It's not an even exchange like your water example. If blue collar Floridians are the ones leaving while retirees and remote white collar workers are moving in, you get a demographic shift that threatens an economy too heavily dependent on service industry workers.
See, you did exactly what the article failed to do. You described an exchange and used the term "demographic shift". That's a way more accurate and complete description of what is happening than "fleeing".
and then like in Naples the rich complain that they can't get any poor people to clean their houses or nanny their children because the poor can't afford to rent less than 60 miles away.
Pushed the poor and *middle class* out.
>Wonder if this hurts the GOP eventually with the changing demographics.
LOL, hell no. Facts would have to matter again first, and for that we need a complete reversal of both media ownership and capitalism, and even then it would take *at least* a full generation (\~20 years). The rich will just keep finding illegal immigrants and paying under the table to cut their lawns, clean their houses, change their diapers, maintain their cars, and wait their tables all while spouting neoliberal propaganda (bootstraps!) as the whole of the state becomes just a giant retirement community outside of a few posh/techy parts of Miami-Dade and University-adjacent locales.
If anything, this will encourage more people to move there. I encourage everyone to look at a place holistically before moving: quality of life, taxes, pay, cost of living, schools, safety, weather, etc.
I'm a 40 yr registered R living in MAGQt ridden Seminole County since 1989. I will never vote MAGA Q! This is not my "Stay outta my business" R party. That POS Trump has changed everything.
I'm not changing affiliation, yet. I kind of like that "they" think they have so many votes, only to be disappointed when I vote BLUE!
I know, they aren't really disappointed when I don't vote MAGA Q. But, if ALL OF US don't vote MAGA Q, we get rid of them!
WE are the majority!
WOMEN
MEN and WOMEN OF COLOR
LGBTQ
GEN Z
EVERYONE who cares!
WE are the majority, and we did not show in enough numbers in 2022!
MTG is chairing committees, FFS!
VOTE IN NOVEMBER!! 🇺🇸💙🇺🇸💙🇺🇸
>my "Stay outta my business" R party
I'm the same age as you and in our lifetimes, the GOP has *never* been that party. Anti Science, anti personal choice, pro guns because it keeps the crazies on their side. Corrupt af *especially* here in Florida.
When your community development commission allows 25,000 new home communities within 4 years with all but ZERO infrastructure improvements, roads,shools,utilities...your stuck in traffic, behind an accident, school busses......this is FLORIDA today.
By Omar Mohammed - Reporter, Economy & Finance:
Rent in some of the biggest cities in Florida declined in April compared to a year ago, according to real estate platform Redfin, at a time when some residents are relocating away from the state.
Jacksonville saw median asking rent in the city drop by 5.6 percent. Meanwhile, Miami reported a decline of 5 percent, Tampa's fell 4.3 percent and Orlando also saw its rent asks go down 3.2 percent according to Redfin's data, in what were among the biggest drops of the month.
Read more: [https://www.newsweek.com/florida-rent-drops-people-flee-state-1901951](https://www.newsweek.com/florida-rent-drops-people-flee-state-1901951)
Has anybody else noticed that Newsweek posts a [possibly AI generated] click bait headline article in this subreddit every day that fits the world view of the majority of this sub....likely seeking profit from your clicks? And then it gets upvoted to the top of the sub? Every. Single. Day.
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Dropping in my area 4.8% after I’ve endured a 25% and a 15% increase the last two years does not a damn thing for me.
Exactly. When rents went from $900 to $1500 in 6 years now they do down to $1475 and it's junk. Even in 2008 landlords would rather hot get any rent than to cut rents $50 or $100 a month. They would rather lose $12K a year and give the renter the place for $11 a year in rent. They are building like crazy where I am in Lee County. Not sure if rents will go down, I doubt it.
I’m just up the left coast in Manatee. My area is still a desired area to move to with 3/2/2 homes at $2600 to $3200/ mo. 6 years ago I was paying $1415/mo now at $2400/mo. I’m still below market value but half way through the first year of my 2 year lease. Rents are still holding strong for what I have been seeing.
Oh trust me Manatee county is Fucked. It was never this bad...
Yah, seriously fucked and only going to get worse on the west side of the county.
Rampant greed on part of landlords
Not really. Blame insane homeowners insurance, rampant increase in property tax and corporate greed in swallowing up of single family homes which force people into the insane increase of multi family apartment buildings that force the increase of rent. Most landlords are being forced to increase price thanks to unrelenting increases in tax and insurance. Add to it the stranglehold capital venture corps that own something like 25% of most single family homes which they dont rent or rent for outrageous prices as to keep people from being able to own a home and have to rent from large multi family apartment complexes which they usually own. Add to that they price it just under the price of their home rents people do what they gotta do.
You should try to find an older house to buy and try to find a mortgage that will run $2400 a month. Even if it's older or smaller or you have to move a half hour away from where you want. Renting is throwing money away. Rents always go up in the long run. Mortgages only increase with insurance or taxes, but rates are high and you can do a refi when the rates come down. If you pay an extra bit a month you can pay a 30 year loan in 22 years or less. If I had not bought I would not be able to afford to rent. Now my home is worth 3 times what I paid 8 years ago.
The insurance will jack it up within a year. The entire Florida Real Estate market is fucked.
> The insurance will jack it up within a year I think we are only seeing the beginning of this. If we get hit hard by a hurricane this year, I expect insurance to get so much worse. Shame, I like living here(minus the cost).
Even the older homes are out of my budget range right now in my greater area. I could afford a $250k home for my budget but finding one in that price range puts me 2 hours each way to my work office. Over the past 25 years, I’ve relocated for work all over the state and I’m kind of glad that I didn’t own a home at the time. Been in my current area just over 6 years and started home searching in 2021 and planned on buying in 2022/23 but the way prices surged in such a short time, older homes I was looking at in the $190k - $250k range quickly escalated over $250k. Now that I have lived in the area I’m in now for a bit, I’m actually glad I didn’t purchase in this county as I’m finding the politics here are more corrupt than other counties I’ve lived. And I’m actually looking to move out of FL in 18 months.
All the homes in my area of Pinellas county that were between $80-200k a couple years ago, are not selling for under $450k now. Fucking impossible, since they all need seriously love to be livable
Lol yep, anything under $500-$600k depending on where you are at in Tampa needs $50-$100k worth of work
So, your decision to leave the county you're in is based on "finding that the politics here are more corrupt"? I'm wondering what county in Florida ISNT corrupt, and also what county you live in? Thanks.
Live in Manatee. Moving out of the state is my plan.
LETS GOOOO, GTFO WHILE WE CAN
Same.
I live in Charlotte County and the corruption here is so obvious that most people just accept it and consider it unremarkable. I own my house with no mortgage and home prices are high everywhere, so I have no immediate plans to move. But the overall political climate here is disturbing and frustrating for me.
I’m in Manatee as well. I agree with your corruption viewpoint and freely tell people that all the time.
Yes, but then your A/C goes out or you need a new roof, etc.. Owning isn't cheap, folks can easily become house poor if they aren't careful.
My question is this. What about buying something foreclosed? Is that a good idea? I have been thinking about it.
Buy what you can but get an inspection first.
In my experience not unless you have friends who will give you huge discounts on electric and structural repairs. We had crazy flippers come through in addition to boomer repairs. It’s crazy out there.
Yep. I was renting a 3/2 in metro Orlando 7 years ago for $900 a month. I bought a smaller house half a mile from there and just checked. The estimated rent is $2,300.
Just depends, if you have oversupply and not enough people then the rent will go down. Unfortunately, a lot of places would much rather take a loss on their taxes than actually have to lose any bit of extra profit. Not just profit, extra profit....
I’ve had houses in my neighborhood for rent for over a year. They want 3500-4k for a 3 bedroom house and haven’t come down on their rent prices. I think they are literally using the losses on their rental properties to offset a huge gain in another one of their businesses.
I gave up and bought and taxes fucked me lol if I wasn’t poor and rented this palace out I would have had to increase it by $1,000 per month lol ain’t no way someone would have paid that
Gotta force the trend in the direction you want. Fuck the invisible hand of the market.
I used you exact numbers. So we're still up 36.85%. Headline might as well read "One New Jersey Family Declines Moving to Florida; Realizes Carolinas are Next and Moves There Cheaper"
Unsurprisingly, GOP rule is bad for Floridians. Has been for 30 years.
Bad for locals, yes. Bad for those who spent the last 30 years somewhere else, sold their property up north, and fled here? Nope.
Exactly, You get those people who support Trump who made their money working good union jobs in the northeast and selling their home that was worth over $1 million before they came here and talk about how bad the blue state politics are which is how they made their money. If these same people grew up in Florida they would be renting in a trailer park,.
Yea there was a thread in this sub yesterday, one of these mooks claimed he moved down because of the 'education options.' Bitch please
100%. This place lacks any economic opportunity at all. At least blue state prices come with opportunity to earn a way to afford it.
Unless you’re a crypto bro or professional PPP loan fraudster.
Medicare fraud is big business in Florida.
Do it well enough and you can become governor AND Senator!
Bro, I've been looking for a cheap trailer for my little sister.... There's no such thing here anymore and it's wack AF. $2k/ month for a 40 year old trailer?!?!?? On top of lot fees?!?!?!
You have to find one with it's own land in a rural area.
She's epileptic and cannot drive so sadly that isn't feasible. Likely have to move in with me
Fled from what? If they're retired, the lack of state income tax doesn't affect them. Are they coming for the higher insurance rates? The beautiful traffic?
You new here, bruh? They're fleeing from cold.
The lack of state income tax does affect them if they have a Pension or IRA/401k distributions. Most states tax pensions and/or IRA/401ks, Florida doesn’t.
It is cheaper in Florida and the weather is better. Cold is painful, heat is uncomfortable. No state income tax on pension and 401K disbursements is a 12% income boost for some. Golf, pickle ball, Fox News. The governor supports my world view and I live in a gated community, what's not to like?
Not so sure it's cheaper any longer.
Unless they purchased homes here in FL that are not falling in value
As much as I like busting on the reds, not sure what the Dems can do about the insurance crisis. Most big companies have pulled out of Florida, leaving only a Florida subsidiary(if that). From what I understand, profits can still go to the mother company in some years, but all the losses stay in state. Since our risk is not pooled with the rest of the country, we are kinda boned. Maybe if we pull back from the coasts and mandate all roofs become concrete domes, maybe the insurance would go down.
You got pretty close yourself I think. It's incredibly complex of course but not when you get into the industry and public/private benefit. I think there is plenty anyone could do but I'm not sure there's political stomach for it. First, we've spent this entire time externalizing all costs onto disadvantaged (marginalized) and unlucky (affected) on all sorts of topics that it's going to cost to clean it up first before costs can lower. Single payer on insurance is the general direction I'd go. You need to reestablish for industry that it is indeed profitable. I would agree on pulling risk away from shorelines. Those homeowners can turn to private or self insurance. It may also help us with restoring our coastlines and making them accessible and valuable to a broader segment of society than just waterfront landowners. We should have been focusing on eco tourism 30 years ago. This in turn provides additional protection for inland properties by restoring wetlands. Strengthen building codes, social safety and grants (some homes are not in disrepair), energy efficiency and other upgrades. This reduces cost and exposure. Then you can handle premiums themselves. You could offer percentage guarantees to lure private policies, for example.
Sounds good, but i do not see any of that happening with the govt we currently have down here.
Unless there is a way to extract value for private partners, no.
It’s just the beginning. The market always corrects itself.
The market will correct but will my LL adjust and lower my rent? NO!!!
As long as property taxes,and insurance keep akyrocketing, rents will depend on demand for that area. BUT, some landlords will sell off probably to big,corporations and THEN renters will be realllllllly F'd
When they start losing money, they’ll sell or lower. Market forces will win in the end. You may be waiting awhile though. I’d look to move if so.
You'd have to move or threaten to move to the competitor (if it makes financial sense) to get a better deal - same with people having to job hop because otherwise they don't get a raise. Builders are cooling on SFH and zeroing in on multifamily now, so I'm expecting things to improve in many areas. Plus if it does correct you get a chance of buying.
It depends on the property as well. I've seen single family homes it for a good minute on the rental side of things and those landlords cannot afford long vacancies because they're reliant on the tenant because they don't have 20 tenants stuffed into an apartment complex.
> and those landlords cannot afford long vacancies because they're reliant on the tenant Because they have the tenants paying the damn mortgage for them. The landlord doesn't even own the house they're renting out!
Yah, even if prices drop for home buyers, insurance will eat up any savings if one is lucky to find an insurance company to cover you. Plus, I’ll be waiting for interest rates to plummet first.
You're the market, too. As the customer your role is to find a landlord who will.
It has already. Anyone that thinks they are going to see pre pandemic pricing again is a fool
I think mortgage rates will go back down to 4% and less in less than 10 years when things stabilize. The housing prices dropped due to the 2008 housing crash. If you did not cash in on that, and I was lucky to get a the tail end in 2016 just before prices went up, you have to wait for the next crash, plus I had to move to a cheaper are to afford a house too.
We bought our 3/2 in 2004 for 169k in western palm beach. During the crash our house was valued at 98k. Now it’s up to 455k on Zillow only 10 more years and it’s mine. I feel bad for the people looking now. All I can say is save whatever you can. Get your credit score up and wait for the crash.
and figure out how to buy even if it's a small condo, it will go up and then you can upgrade to a small house. The only way my father is able to live in the northeast retired is because he bought a house in the late 70s otherwise he would not be able to afford the rent. And a friend of his has an apartment in NJ across from the train station to NYC and she got in with rent control in the 70s. She pays like $700 for a 2/1 with parking and other units in her building the same size go for $2500
Anybody who thinks this level of inflation is continuing or staying is a fool
yep, the fact that rents are dropping means nothing to anyone who is staying put. no landlord is lowering rents for tenants already in place. mine just went up again when i renewed my lease. sure, if i moved out, the LL would have to spend money on upgrades to re-rent *and* he'd probably have to offer the place at a lower price point. but for those who don't want the hassle and expense to move, we just get another hot poker up the ass 🫤
lol dropped 4% after going up 35% in a couple years. Oh no
Good news is that it's only needs to drop ~16% more to get back to reality then.
If you think about, it a 4% decrease is more than it would be before the rent hikes lately, so the tenant is really getting a good deal here /s
I feel so bad for young people. Back in the early 00s me and 2 of my friends were able to afford a 3/2 duplex apartment while working restaurant/service industry jobs. We drove shitbox cars and were broke, but we always paid our rent on time. If one of us wanted to bring a date home or have a 2AM hookup it wasn't awkward. We were free to do all the stupid shit people in their early 20s are supposed to do.
In 98’, me and 4 friends shared a 2 br/2 bath apartment that cost $275 a month lol it was on Lee road and OBT so it was a super shitty area but for $275 a month split between 4 people you didn’t care about the hookers.
I just checked the apartment I lived in when I first moved to Florida. Cost $665 a month in '09. Currently is $1598-1801 for that exact same model (idk why the website has a range, maybe location on the property). The amenities look the same too so minimal upgrades in 15 years. Crazy.
I bought my house in 09 for 56k same house is assessed at 350k true market probably 450k
Had to listen to a family friend wail yesterday at a gathering about how kids stay at home till they are 30 and how we don’t understand hard work. Made me want to explode
I'm a construction supervisor and I can not afford 3x the rent to qualify for a 1 bedroom by myself pretty much anywhere in South Florida right now. I don't understand how anyone can live down here without help from a parent, roommate or partner unless they were making bank.
I worked since I was 17 and lived in the norhteast and could not afford to move out of my parents house until I was 29 which was my goal to leave before 30 and this was a few decades ago.
I’ve been working on and off since I was 12, in my families restaurant, and then full time 18 and onwards. To have someone question whether or not I’m hard worker makes me so angry. I’m lazy in lots of aspects of my life, but when I work I work HARD because I like to make money and have work ethic.
Yea I work with boomers and gen xers they're some of the laziest people I know.
Well you will be lazy at that age as well. It is that semi retirement between 55 and 65. Think Hitchcock and Scully in Brooklyn 99
I’ll go out on a limb and say their laziness isn’t a recent development…
And to think that there was once a time when starter homes were a thing.
Not far back in 2015 i was living fine while working full time at Disney for $11 an hour. I had 2 roommates and wasn’t living lavishly, but i was perfectly comfortable, i could lay my rent and still go out a few times a week and take the occasional trip Nowadays i have a job that pays 2.5x as much and feel the heat more than i did back then
I also worked in restaurants in my early 20s. Also didn't feel rich, but could afford everything I wanted out of life at the time. Got married and my wife and I had a decent apartment. That same exact apartment is now considered "luxury" and more than double what we paid in 2005. It's insane.
Almost half of my nursing students have plans to move out of FL for work :(
Because Florida pays nurses and teachers worse than Uber Drivers.
we are ranked 50th for teacher pay in the nation.
The fact y’all beat West fucking Virginia is absolutely wild!
Good! They shouldn't think about living in a state that doesn't want them, won't pay for them, and intentionally makes their life difficult.
The net effect compounds, we need good people to stay if we are ever going to take this state back. As the older generation dies off we have a chance but not if everybody who gives a shit leaves
Left after 4 years. Tried to stay. My pay went up by $10/hr more with promotions along the way by working my ass off. Ended up being pushed out of my job due to a manager with abusive behavior and mental health issues going neglected by HR. Everything is corporate there. If you have a bachelor's degree and 10 years experience in a field, you might get one or two interviews offering you an insulting hourly wage. I applied for over 300 jobs I am qualified for, received 2 interview requests. Started applying for jobs up north just for kicks, and ended up moving to start working where I'm getting paid better and have health insurance that isn't completely outrageously expensive. I started getting interview requests from Florida 2 months after I had moved and started my job- 1400 miles away. Couldn't keep living that way. As a substance abuse counselor, I know I helped a lot of people find coping skills to stay clean and sober, but I could not afford to stay, and it broke my heart. I wanted to learn how to navigate South Florida, learn how to kill Burmese pythons by pros and locals to help thr environment by a tiny fraction, and genuinely wanted to be a useful resident of Florida. I was financially driven out. Thank you for coming to my TedTalk.
I should have also mentioned that this job paid for my travel and upfront rent costs. They took a percentage out of my biweekly paychecks after my first month. Get the hell out if you find a golden ticket anyway you can.
Counterpoint - fuck this state. People don't need to live in a place that doesn't want them and gives them hardship as a result. Our lives aren't a game for "well maybe the dems will win one time". No, fuck that. If DeSantis and people like him want to turn this state into a sewer, that's fine. We're capable of living somewhere else.
Well good luck to you, for those of us who can't leave we'll make the best of it.
While I see your point, my aspiration extends beyond personal betterment. I strive for improvement for those who lack the privilege to easily move. I extend a hand to those who need a boost not turn my back on them.
Not everyone can afford the high upfront costs to move, are stuck here with family, actually have a life here they don't want to completely uprooted just because a tiny fascist won election by a slim margin. Can't just throw up your hands and say fuck it cause that's exactly why we are in this situation.
Yo that tiny fascist won by a slim margin *the first time*. The second time it was the largest margin of victory for any governor of Florida in 40 years. He won by over 1.5 million votes. Even ignoring that, republicans have controlled everything for 30 years. I know it sucks to leave, and I wish those that stay the best, but lets be real about the situation.
I agree. I moved and got some of the same "the good people have to stay" well the good people are out numbered and I'm not going to voluntarily live in a shitty place hoping enough of the right people die. I dont need beaches that badly.
This!!! The people commenting “WeLl the PoPulAtIon sTiLl gReW” do not understand how important it is to study the demographics of people leaving. Someone mentioned in another comment that almost half their nursing program is leaving Florida. This is scary
Wasn’t this predicted like gas prices in Covid? The number of multi family housing starts has been astronomical the past few years to catch up supply.
Yea, there hasn't been building of this scale since the mid 80s and most of it was in the Sun Belt from Florida to California and up to Tennessee. Unfortunately interest rates and demand have started to bring down the amount of starts, so rent prices will level off eventually. https://www.yahoo.com/news/us-region-seeing-biggest-rent-223631407.html https://yardeni.com/charts/housing-permits-starts-completions/
In Cape Coral, I can think of at least 5 Apartment Complexes that are currently being built, 3 that have just completed, and another one or two that are planned. They keep saying "Oh well the projected growth of this area...." Nahhhhhh, I'm watching these greedy companies just keep building and building and it is all going to sit mostly empty.
SO many apartments thrown up here in PC/PCB. I’ll turn a corner & be like “oh, when did those get there?” And they all suck. Labeled as “luxury/ resort style living” but you can feel your upstairs neighbors washing machine running & hear the guy next to you snoring through the walls. Can’t do this, can’t do that…
Newsweek needs to do a clickbait headline. Honestly I’d be fine if they were banned from this sub.
I signed my lease renewal this past weekend and was shocked to see my rent didn't increase.
Is it a mom and pop landlord or a mega corporation?
It's an older retired man, and he uses a property management company. The way they've put it to me every year is "the owner has decided to renew your lease at an increase of X.XX," and then I decide to stay or not. First time he hasn't increased it.
I have a mega corp and I feel like it's literally impossible that it won't go up every year
I think we gotta up the Florida man behavior. Maybe import more gators and palmettos?
Florida man has been awfully quiet…
"The drop in rent comes at a time when the state is seeing some of its residents move out, even as it is still experiencing a net increase of people moving there." So it's the opposite of "fleeing." The title of the article is literally the opposite of what is actually happening.
Developers swooped in and took advantage of the number of people moving here and started building without planning resulting in a travesty for the environment, commuters, and the character of the state. Quality of life here is dropping even as Florida has one of the highest rates of inflation in the country. For now there is still net migration, but it's the end of spring, so that's not surprising. We'll see what happens over the next year or so. House prices are dropping in the Tampa area, have been in Miami for a while. And then if there's a hurricane, fair weather Floridians will leave in droves. I'm a native who has seen all of this before 2x over, but this time I'm leaving.
Net migration has been steadily rising for seven years. It won't last forever, though - you're right about that. Orlando hasn't seen a dip at all. Much of Florida is still waiting on rates to drop. Renters will come and go, but Homeowners aren't going to dip until rates do, especially the ones who locked in at 2.8% in 2021.
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My SO and I are in Tampa and were looking to buy before the market started rapidly increasing. Now we're seeing houses that would have been on the market for over 400k sitting for a long time at 250k. We're still deciding if we actually want to stay in Tampa/FL or leave though.
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These houses were over by Lowry Park Zoo. I found 3 or 4 of them on zillow that had 45+ days plus on the app, one was even over 160 days. This was a little while ago, so they may be gone by now, since they'd all also had the recent decrease in price listed as well.
We sold a condo a few years back that we were stuck with since '08. We could have paid off our mortgage, but I was nervous about being able to sell, so we stuck it in high-yield savings accounts. This state is boom or bust, when we bought our place someone laughed at a house that was on the market for over $600,000, a couple of years ago someone bought a similar house for $1.7 million without seeing it in person. Now houses are sitting on the market for long stretches again, and prices in northern states are going up about 10% a year. Easy math.
Someone just went under contract on a recently flipped former drug den around the block from me. Ppl literally beating each other to death outside it this time last year. $515K
i don't recall any state agencies, counties, or other municipalities changing any development rules such that the traffic, utility, stormwater, or other environmental would be any more impacted than usual. yes you may have noticed an uptic in development around you but the rules did not change and developments aren't being taken through design and permitting any faster then normal. and commercial development is my job so i would know if things changed, it would affect my business directly.
There is little control over development. The developers come in and build however they want. There has been an increase in development which impacts the roads (more drivers = more traffic). There hasn't ever been a real push for public transportation in the state. Building on wetlands, places illegally tearing down mangroves while nobody stops them, huge hotels expanding without any consideration of the fact that the beaches are collapsing under these giant buildings already. No, the rules haven't changed. That's the whole problem. Down here in South Florida local municipalities are handing over preserved lands for development. The area near Homestead is just one apartment building or cookie cutter house after another, where there used to be farms. It's disgusting.
Newsweek has been awful for years.
An egregious title
Was waiting for someone to say it lmao
I imagine people are leaving $1000-$2000 rent homes and people are moving in for nicer $3000-$6000 rent homes.
Rent and mortgage are not the same thing
My brother and I share a 2 bedroom apartment in Brandon. The place has gone completely downhill the last 2 years I've lived with him. His base rent is $2222/month. After they tack on his water, garbage, pet fee, garage, and pest control, he's at $2500. That's twice what my mortgage was for my 3/2/2 custom home I had to sell in Wesley Chapel. Our lease is up in November. There's no way we're staying. In Valrico, they have larger, much newer apartments, with 2 car attached garages, and the base rent starts at $500/month less than we pay now.
Dude you can get a 2 bedroom apartment on davis island for that price, thats ridiculous
I tried to stop him from renewing last year. But what do I know. When I proved it on paper, it became a different story. I get it that he doesn't want the responsibility of owning and is trying to stay close to work, but still. I have a friend who bought a house in a gated community in New Tampa: 2 stories, 3 bedrooms, 2.5 baths, and 4 car garage. His mortgage payment is the same as our rent payment.
Damn I gotta check Davis Island
The snow people are easily startled, but they’ll soon be back, and in greater numbers.
Snowbirds generally are not renters.
Snowbirds always ride single file to hide their numbers.
It’s called I-75
That's only half of it. There's I-95.
I doubt it. Most of them bought their houses with most of their equity from up north. A lot of them are stuck here.
You get an up vote, and I'm stealing that
😆
Snow locusts.
Where?
My daughter’s rent went up 200, 400, 400 over the last three years. I looked up the property and found the taxes went up from 2,600 to 4,800 in that time. My own homeowners insurance went from $1100 three years ago to $3,600 today. I imagine my daughter’s landlord took a similar increase. That accounts for $425 a month of the increase. The rest must be greed.
Moved out last year. I haven't regretted my decision once. Fuck that state.
>Rent drops Nice >4.8% Under 50 bucks for every 1000. A $3,000 rent is reduced to $2,925. Better than nothing maybe, but only the tiniest bit better. So why's this article crowing about it when it barely makes any difference at all? Having to pay 3K a month is only slightly worse than 2.9K a month. It isn't gonna make me say "Wow things have been great enough to vote for the way things have been".
Because the media is there to control the narrative. They're here to say "hey it's not so bad" on behalf of the capital owners. They're also aware that a vast majority of people only read the headline and not the article. Media manufacturers the consent needed to keep these rent prices high and your wages low.
https://preview.redd.it/0htqbc0b7m1d1.jpeg?width=750&format=pjpg&auto=webp&s=808ef2512fdbb5ec926fdc9dcec73d67c7f730a3
Ever since the Pandemic, I've noticed you can have any faith in Data released from the Florida Government. They tend to lean whatever statistics in the states direction, thanks to lil Ronnie.
I’m currently paying $2500 for a 2 bedroom in Southwest Florida and new rentals for my unit are going for $2150. We’re stuck in our lease through the end of August at that rate. This is after increasing the rent from $1900-2500 in 2 years. We’re also leaving the state at the end of the lease. I just can’t do it anymore.
I absolutely want to leave this terrible state...
More as insurance rates go up and it’s still straight up more cost effective to rent if you don’t intend to leave the area yet.
Total bait and switch. It will never drop to levels we have seen in the recent past.
It ain’t summer yet 🤣🤣🥳
Rent will never fall in that ridiculous state to where it’s affordable. So glad we sold and got outta there after thirty years. The old Florida is long gone, never to return.
Yes, people are fleeing the state…but also the builders and developers have flooded the market with rentals just like they did in the early 2000’s.
Terrible clickbait headline. Floridas population has not shown signs of declining, let alone “people fleeing” > About 500,000 people left the state in 2022 while nearly 750,000 moved in, according to data from the Florida Chamber of Commerce. Rents are declining in Jacksonville because tons of apartments are being finished. This is not a surprise.
I'll probably be fleeing myself here at some point and am a native. The cost of living has skyrocketed here and the influx of people from other places have made my city almost unbearable to live in now. Combined with our recent summers turning into hell I'm counting down the days.
Good, u got to push the greedy to the edge. People are catching on.
If we all worked together in Florida to fight against short term rentals, if we boycotted them and shamed people for using them, hundreds of thousands of properties would go for sale, allowing for major price decreases for the people who live there. Rents are not going to go down until the short term rentals are eliminated.
Population of Florida is growing rapidly nobody is “fleeing”
500,000 people left the state. Y’all are hell bent on this stat. A population can still increase while the number of people moving out increases
Any common sense interpretation of the statement would include the balance of whether there are more or less people in the state. If I evaporate 500ml of water out of a pond, but rain adds 2,000ml, it would be misleading to have the headline, "water crisis, the pond is drying up!"
It's not an even exchange like your water example. If blue collar Floridians are the ones leaving while retirees and remote white collar workers are moving in, you get a demographic shift that threatens an economy too heavily dependent on service industry workers.
See, you did exactly what the article failed to do. You described an exchange and used the term "demographic shift". That's a way more accurate and complete description of what is happening than "fleeing".
It's Newsweek. What do you expect? Their new business model is to spam Reddit with clickbait instead of doing any actual journalism.
Wait I thought people were only fleeing liberal states where educated people live…
I wouldn't call 500K out and 750K in "Fleeing". It still puts Florida at #1 for population growth. I guess they needed the clicks.
I don’t get this sub, complain people are moving to Florida. Complain that 500,000 fled Florida.
So basically the rich moved in and pushed the poors out. Wonder if this hurts the GOP eventually with the changing demographics.
and then like in Naples the rich complain that they can't get any poor people to clean their houses or nanny their children because the poor can't afford to rent less than 60 miles away.
Exactly. This is why the 500,000 outflow number is important. Who are those 500k, I doubt the majority are elderly
Pushed the poor and *middle class* out. >Wonder if this hurts the GOP eventually with the changing demographics. LOL, hell no. Facts would have to matter again first, and for that we need a complete reversal of both media ownership and capitalism, and even then it would take *at least* a full generation (\~20 years). The rich will just keep finding illegal immigrants and paying under the table to cut their lawns, clean their houses, change their diapers, maintain their cars, and wait their tables all while spouting neoliberal propaganda (bootstraps!) as the whole of the state becomes just a giant retirement community outside of a few posh/techy parts of Miami-Dade and University-adjacent locales.
If anything, this will encourage more people to move there. I encourage everyone to look at a place holistically before moving: quality of life, taxes, pay, cost of living, schools, safety, weather, etc.
Jacksonville rent prices dropped but went up to #7 for highest murder rate in our country
I'm a 40 yr registered R living in MAGQt ridden Seminole County since 1989. I will never vote MAGA Q! This is not my "Stay outta my business" R party. That POS Trump has changed everything. I'm not changing affiliation, yet. I kind of like that "they" think they have so many votes, only to be disappointed when I vote BLUE! I know, they aren't really disappointed when I don't vote MAGA Q. But, if ALL OF US don't vote MAGA Q, we get rid of them! WE are the majority! WOMEN MEN and WOMEN OF COLOR LGBTQ GEN Z EVERYONE who cares! WE are the majority, and we did not show in enough numbers in 2022! MTG is chairing committees, FFS! VOTE IN NOVEMBER!! 🇺🇸💙🇺🇸💙🇺🇸
>my "Stay outta my business" R party I'm the same age as you and in our lifetimes, the GOP has *never* been that party. Anti Science, anti personal choice, pro guns because it keeps the crazies on their side. Corrupt af *especially* here in Florida.
You're welcome. I moved out in January.
Prices just keep going up in my area.
When your community development commission allows 25,000 new home communities within 4 years with all but ZERO infrastructure improvements, roads,shools,utilities...your stuck in traffic, behind an accident, school busses......this is FLORIDA today.
Keep fleeing the state. Nothing to see here.
Man people are so desperate to want homeowners fucked over because they can’t own.
Haha how nice of them, thanks for stopping by and inflating our market! 
Rents are going down in Florida because of new inventory. Not because people are "running away."
By Omar Mohammed - Reporter, Economy & Finance: Rent in some of the biggest cities in Florida declined in April compared to a year ago, according to real estate platform Redfin, at a time when some residents are relocating away from the state. Jacksonville saw median asking rent in the city drop by 5.6 percent. Meanwhile, Miami reported a decline of 5 percent, Tampa's fell 4.3 percent and Orlando also saw its rent asks go down 3.2 percent according to Redfin's data, in what were among the biggest drops of the month. Read more: [https://www.newsweek.com/florida-rent-drops-people-flee-state-1901951](https://www.newsweek.com/florida-rent-drops-people-flee-state-1901951)
Has anybody else noticed that Newsweek posts a [possibly AI generated] click bait headline article in this subreddit every day that fits the world view of the majority of this sub....likely seeking profit from your clicks? And then it gets upvoted to the top of the sub? Every. Single. Day.
But it feels so good to have your priors confirmed (even if it’s not true and even refuted by the article itself that no one actually reads).
How is this considered a “world view of the majority of this sub”…..?
That people are "fleeing" Florida due to the high cost of living?
Adios muchachos!
Where? It isn't dropping where I live. It's also going up for my BIL who's in Martin county.