[beachGecko]

Originally Posted by LKJ1988

Not good for me. Makes my prop taxes go up. I am not gonna sell mel so i would like to see another crash like we had in 07 deven.

You can always take out equity of your property from these increases that will more than cover the tax increases.

[LKJ1988]

Originally Posted by beachGecko

You can always take out equity of your property from these increases that will more than cover the tax increases.

And if you do that you would be forced to have Ins. I gots plenty of money and would never do a loan joan. My taxes are only $420 a year, but was $275 back in 2010.

[beachGecko]

Originally Posted by LKJ1988

And if you do that you would be forced to have Ins. I gots plenty of money and would never do a loan joan. My taxes are only $420 a year, but was $275 back in 2010.

These days inflation is far higher than interest.

[GreggT]

For some reason Florida is in a lot of peoples cross hairs these days especially the Medias!

[OneDawg]

https://www.numbeo.com/cost-of-livin...=United+States

[beachGecko]

Originally Posted by OneDawg

https://www.numbeo.com/cost-of-livin...=United+States

Probably a more accurate reflection though they should take into account tax burden as well which is highest in places like California

[Corrie22]

Originally Posted by GreggT

For some reason Florida is in a lot of peoples cross hairs these days especially the Medias!

liberal media + DeSantis

[beachmouse]

Originally Posted by beachGecko

Tell me what you consider affordable and I’ll tell you if it’s doable. There are a ton of apartments for sale in the 300,000 range meaning rent will be roughly 1000.

What’s the monthly HOA on that $300K apartment? At minimum it’s probably another $400-$600!or so. And the reason why some complexes that look decent on the surface have relatively cheap list prices is that they can come with painfully high HOA fees to cover a special assessment for structural repair fa or such.

So you’re up to $1500 a month in housing costs. Going to the no more than 1/3 of gross income on housing guideline you need $54K a year to buy that apartment.

Median household income for Miami-Dade is $62K a year and about 40% of households make less than $50K per year.

And a lot of those lower income households do service industry jobs that help keep an area functioning well whether it’s grocery store stocker, day care worker, CNA, janitor, etc. When CVS has to limit hours because pharmacy techs can’t afford to work for their wages anymore, then it becomes your problem when you need to get a time is of the essence prescription filled.

[beachGecko]

Originally Posted by beachmouse

What’s the monthly HOA on that $300K apartment? At minimum it’s probably another $400-$600!or so. And the reason why some complexes that look decent on the surface have relatively cheap list prices is that they can come with painfully high HOA fees to cover a special assessment for structural repair fa or such.

So you’re up to $1500 a month in housing costs. Going to the no more than 1/3 of gross income on housing guideline you need $54K a year to buy that apartment.

Median household income for Miami-Dade is $62K a year and about 40% of households make less than $50K per year.

And a lot of those lower income households do service industry jobs that help keep an area functioning well whether it’s grocery store stocker, day care worker, CNA, janitor, etc. When CVS has to limit hours because pharmacy techs can’t afford to work for their wages anymore, then it becomes your problem when you need to get a time is of the essence prescription filled.

Most people these days need 2 incomes to purchase properties, eg get married.

[bmw335xi]

As someone who has lived in multiple states and overseas, I see straight through the political games at work. The media and Democrats have Florida in their targets because DeSantis is polling ahead of every Democrat in 2024. Soon there will be articles saying Florida has the most expensive gas, median home price, property taxes, sales tax, and worst beaches in the country as we get closer to 2024.