[Sweetbottoms]

Originally Posted by kyle19125

In my opinion there is going to be a considerable economic divide in FL with the top 1% still attracted to the weather and relative bargain to the Northeast US. The increasingly high cost of rental housing is going to affect inbound transplants and while some argue the housing market is showing no signs of a recession, it doesn't take a PhD in Economy to realize the real market's growth in FL isn't sustainable over the long haul...especially if interest rates continue to rise. The late stage Baby Boomers and those at the beginning of Generation X are up next for retirement and unlike earlier stage Boomers, far less likely with the ability to afford the traditional "retire to Florida" scenario and probably more likely to stay put where ever that might be...or look for more economical options in other parts of the country (i.e. the Carolinas, Georgia, Tennessee, Texas or even parts of the Midwest).

Hate to break it to you but the Carolinas aren't as affordable as they once were. Particularly around Charlotte. Homes that were going for $150,000 a few years ago are now going for $250,000-$280,000. Out of reach for a lot of younger people price wise. Pricing on cheaper looking homes is deceiving.. They're in very unsafe places


They're having a rental crisis right now. Rent is sky high for the area. Most places in safe areas are going for $1600-$1700. Unaffordable for a lot of younger folks unless they're willing to bunk up.

We left SW Florida last year and I can't tell you how many of my friends and family left Florida either before us or shortly after. Both of my parents (baby boomers) left Florida also and moved back up north within the last 4 years.

We're in our mid 30's and while I think there are some families moving to Fla I also think as they start to realize they aren't going to be able to afford the single family homes as they graduate college and start a family there are going to be more and more leaving. We have friends making $80k who still can't afford a single family in Naples, they've had to move far inland and get roomates.


I don't think weather will be a factor in moving to the state.. We don't particularly care that Fla doesn't have snow and most of the people I know were moving away because of that factor.. we actually moved to get a seasonal change.. Its getting hotter and hotter there with less and less of a winter. Its also still very much catering to the older pop (at least where we were in SWFL)... not an attractive thing when you have a young family.

[cfbs2691]

Originally Posted by DW&LWR

Yes, people will still move to Florida.

If you research Florida's history, the state's plan has always been to attract people wealthy enough to own at least (2) homes.
Not working class folks.

That being said, foreigners will continue to buy up the state.

[whatever]

Retire to Florida? **** that. Just move down here while you're working. Why suffer in some frozen hell hole only to spend your last 6 months where it's warm?

[kyle19125]

Originally Posted by Sweetbottoms

Hate to break it to you but the Carolinas aren't as affordable as they once were. Particularly around Charlotte. Homes that were going for $150,000 a few years ago are now going for $250,000-$280,000. Out of reach for a lot of younger people price wise. Pricing on cheaper looking homes is deceiving.. They're in very unsafe places

Charlotte, Raleigh-Durham, Asheville and Charleston aren't the only metro areas in the Carolinas. Outside of those areas in/around Greensboro-Winston Salem NC, Greenville-Spartanburg SC, Hickory-Lenoir-Statesville NC, Greenville NC, Wilmington NC and Aiken SC-Augusta GA (to name a few) are all quite affordable still with plenty of inventory below 200K in safer, desirable areas.