I grew up in Florida. I left in 2011 with a job transfer.
I have family in Bradenton/SRQ where I grew up. The wife and I bring our kids down there a few times a year to visit.
There was chatter in the middle of last year to move back to Florida and be close to family (we are raising two kids with no family around). Or buy a 2/2 condo to rent out and have as a place to use as needed.
I look at real estate often.
Houses, three/four bedroom two bath with a pool, can range in price. But the ones we like, reasonable distance to beach (20-30min) go for $600k+. And that’s being generous.
After seeing a post about teachers in the DeSantis FSU thread, and the average wages being about $60k, how are people who were raised in Florida and staying on Florida salaries their entire career affording to live there? Genuinely curious.
I understand the NYC folks, DC folks, etc heading down driving up prices, driving up property taxes (helping state revenue), and can afford more. Using that NYC equity for a big down payment and that NYC salary helps.
But for the average Florida person what are you doing? Rent is even high. I looked at downtown where I used to live in 2009/2010. Crazy expensive now!
**this thread is not political**
So if my wife and I eventually wanted to move down to Florida, I am feeling priced out. I can’t imagine what people who may be on the Florida “average” salary are doing.
Of course if you bought a house in 2008, great. Or refinanced in 2020, even better.
In the here and now, Dec 2023, how Florida real estate and Florida wages have a huge gap.
Maybe Orlando area is cheaper. Altimonte Springs? Lake Mary?
Maybe it’s the Bradenton market I can’t afford?
I didn’t even bring up insurance or other things.
Never thought I’d see things this expensive and I am ranting really about the fact if we did want to move to be closer, I can’t afford my “home” state. That’s a shame.