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Except Miami and SoFla is still gaining population, including many better off individuals who are fleeing high tax states such as NY, NJ, CT, CA, and IL (and that was before Covid 19). Those leaving Miami earn median or below median income levels, cannot afford rising real estate prices, and are heading to less expensive areas of FL and elsewhere but represent a smaller total than those moving in.
Exactly. It's pretty incredible what's happening down there. What's even more incredible is that South Florida is actually still keeping up with the Tampa and Orlando metros in population growth since 2010, even while being much more expensive and 99% built out for the past decade. For example Miami metro's population grew by 10% since 2010 while Tampa's metro grew by 14%. Considering the Miami metro has already been built out since around 2010, while the Tampa metro has plenty of room to expand and also South Florida has twice as many people as the Tampa metro those percentages are mind boggling. The Miami metro has also gained more population than the Orlando metro since 2010, and almost the same as the Atlanta metro. Those two metros also have almost infinite room to build, which is actually a very bad thing in the long term. You should read my last post again I added some things to it.
Well, I stand corrected. And of course the big money fleeing the Tri-State heads straight to South Florida over the Bay Area & Orlando. It's in their DNA, always has been.
I can't wait to see the official Census numbers next year.