Where do people get the money? (Tampa, Brandon: buying, income, taxes)

[Sunshinecc]

Originally Posted by craigtnelson

Technically more since you won't have to pay state income tax down here.

At least... I'm also assuming you'll be able to stop paying state income taxes, but I'm not terribly familiar with how that works for people in your particular situation.

I *think* I would still pay state taxes from up here. Not sure about that though.

I'm still saving my butt off because I can't count on this working out just yet.

[tinytrump]

Originally Posted by JSnFla

the local corporate job market is horrifying, abysmal in any measurable regard. Always has been, always will be. Sure every city has some good paying corp jobs. Most that make decent money around here are entrepenurial or highly experienced in some in demand skillset. Generally, younger college educated corporate type workers will move away for better opportunities. Florida is also a very different state where most of the huge money here is not from full time residents and in many cases very part time residents. Additionally, hedge funds, other investment groups and international players buy very large amounts of residential real estate in florida. Its an entirely different ball game down here.

hello . maybe Tampbay - have you been to Miami.. ??

[The Villages Guy]

Originally Posted by mrviking

After reading thread after thread about all the jobs that pay squat down in Florida, I have to wonder, where do people get the money to pay the mortgages on all these beautiful homes here. After working over twenty five years in most new housing community's in the Tampa bay area, I can tell you they are by far not retired folks living in all these new homes. Most of the homes I worked in would be considered upper middle class. These were always the go to communities of the moment. For the longest time ( 70's-2006) the Tampa Bay Area was always in the top five in the country for new home starts. A lot of beautiful homes and communities were built during those years. How you suppose the people afforded those mortgages with those crappy jobs?

It's real simple. The economy here is not nearly as bad as some people really really want you to believe, people move here from other parts of the country which are more expensive in many cases and there are a lot of wealthy people living here because of how awesome it is.

Remember, the median and average incomes are lower here in large part because of how many retirees are here. Their low income skews the numbers.

[TXRyan23]

Originally Posted by PriusH8r

Remember, the median and average incomes are lower here in large part because of how many retirees are here. Their low income skews the numbers.

Explain how a "retiree" has income? If you mean a retiree that's re-entered the workplace, than I think it would be safe to assume that if they weren't there, someone else would take that job.

Obama administration pushes banks to make home loans to people with weaker credit - The Washington Post

Despite what many people think, banks are starting to make risky loans, once again. A lot (not all) but a lot of Florida homeowners are from other places, that brought their wealth with them, or they are investors, or they are a small part of the workforce within the state that actually makes enough money to afford them.

It's been that way for several decades now and it won't change.

All you have to do is compare the median household income of the US and you'll see that Florida ranks 37th. That says a lot.

[The Villages Guy]

Originally Posted by TXRyan23

Explain how a "retiree" has income? If you mean a retiree that's re-entered the workplace, than I think it would be safe to assume that if they weren't there, someone else would take that job.

Originally Posted by TXRyan23

All you have to do is compare the median household income of the US and you'll see that Florida ranks 37th. That says a lot.

I know a lot of seniors working part time and/or easy low skilled positions to keep themselves busy, socialize and have golf money. That lowers the median or average income for the area. More seniors here than many other places in the country.

You cannot seriously expect a state with tons of retirees to have the same median household income as places with far fewer retirees as a percentage.....can you?

[TXRyan23]

Originally Posted by PriusH8r

I know a lot of seniors working part time and/or easy low skilled positions to keep themselves busy, socialize and have golf money. That lowers the median or average income for the area. More seniors here than many other places in the country.

Do you not believe that those jobs would be staffed by teens or other currently non-employed people if those seniors weren't there taking those jobs?

[The Villages Guy]

Originally Posted by TXRyan23

Do you not believe that those jobs would be staffed by teens or other currently non-employed people if those seniors weren't there taking those jobs?

The unemployment rate here is UNDER the national average. We are better off then the nation on average. A lot, and I mean a lot of the type of jobs I referred to are here "because" of the seniors. You need to look at how median or average household income is calculated and you will see how large numbers of seniors artificially affect the numbers. A lot of these seniors are here with homes paid off and plenty in the banks, so the little income they make is extra for many of them. One needs to look at jobs seniors are not occupying and income made by people who are not seniors, along with the nest eggs and paid off mortgages seniors do have, to get a better grasp of the relative fiscal soundness of the area. It is the combination of people making good money in many jobs, retirees who already have money and rich people who have decided to live here that make the world go round.....here anyways.

I am not claiming this to be an area of all high paying jobs. There are certainly plenty of low skilled/low wage jobs as well. I am saying we have a rather unique demographic combination here which can show artificially low median income, yet have a good number of people who actually have money and the means to acquire what the OP is discussing.

[TXRyan23]

Originally Posted by PriusH8r

The unemployment rate here is UNDER the national average. We are better off then the nation on average. A lot, and I mean a lot of the type of jobs I referred to are here "because" of the seniors. You need to look at how median or average household income is calculated and you will see how large numbers of seniors artificially affect the numbers. A lot of these seniors are here with homes paid off and plenty in the banks, so the little income they make is extra for many of them. One needs to look at jobs seniors are not occupying and income made by people who are not seniors, along with the nest eggs and paid off mortgages seniors do have, to get a better grasp of the relative fiscal soundness of the area. It is the combination of people making good money in many jobs, retirees who already have money and rich people who have decided to live here that make the world go round.....here anyways.

I am not claiming this to be an area of all high paying jobs. There are certainly plenty of low skilled/low wage jobs as well. I am saying we have a rather unique demographic combination here which can show artificially low median income, yet have a good number of people who actually have money and the means to acquire what the OP is discussing.

I'm not buying that for a minute, Prius. If you're seriously going to claim that seniors are pushing down Florida's average household income, then I'm going to claim that Texas's household income should shoot up an average of about 15-20k because of the number of illegals that are working for pennies on the dollar along the border...

[craigtnelson]

The unemployment rate doesn't take into account the underemployed, of which there are TONS here, as well as those who have given up hope and removed themselves from the job hunt. Stop painting rosy pictures and face reality for once.

[TXRyan23]

Originally Posted by craigtnelson

The unemployment rate doesn't take into account the underemployed, of which there are TONS here, as well as those who have given up hope and removed themselves from the job hunt. Stop painting rosy pictures and face reality for once.

I'm SO glad CD let me rep you for that! Thanks Coach!