Moving to Florida? Locals Say Stop
Are the out of state home buyers ruining Florida?
Many Floridians are frustrated by out-of-state home buying competition and believe they are being priced out of the market and 51% of those polled are thinking of leaving the state entirely, while 67% are considering a move to more affordable areas within the state.
Living in Florida: Concerns
Florida Astounding Growth
Home Prices in Florida
With people moving in from states like California and New York where housing is very expensive, we are seeing homes selling in St Johns County Florida for well above asking and driving home prices up. Is this a bad thing? Well it depends, if you are local and own a home, these increases have given you more equity in your property.
But and there is always a but; What about the local homebuyer? These home prices have affected things in a negative way for them. They’ve been priced out of the market, and their rental rates have risen in pace. This huge growth will also effect tax assessments, resulting in higher property taxes. The good news is that if you own a homestead, your property taxes will only rise by 1.4 %.
Closing Thoughts About Living In Florida
Of course, with any change there are positives and negatives and different perspectives but as for the people moving here, I can only speak from my own experience and what I can tell you is I am meeting some pretty cool, so all I can say to the locals is to not be too quick to judge because you could honestly be missing out on meeting your new best friend. We all want to live happily and enjoy the beauty that surrounds us and how lucky are we to live in a place that affords us that opportunity everyday.
You can’t stop change and I’ve lived enough places to experience that, but all of those experiences and all of the people I’ve met along the way have always been a positive thing for me personally so I can only hope the changes I’m seeing in this once quiet town will be a positive one as well.
I hope that helps to give a little perspective to both the locals and people moving into the area.
Thanks for tuning in and I’ll catch you on the next one.