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You also claimed that Sarasota county is nothing but jacked up double-wide trailers. Try posting that in the local forum and see the responses you get.
I live in the area. You don't. Let it go already.
uhm… not to butt in but...Bradenton beach is on a barrier island
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Bradenton Beach is a city on Anna Maria Island in Manatee County, Florida,
What's sadly funny is your & other Republicans' proclamation (paraphrase) "Thank God for DeSantis and freedom! Let them all leave the blue cities and move here!"
you can be as pissed as you want about your rent going up. You can even twist what I've said.
But the discussion is affordable housing.
That's why I found - erroneously, as I admitted - a $160K house (MH) in Ellenton. And said it was harder in Sarasota because most of the county is closer to the coast.
In real estate - closer to coast = more expensive. Without stating it in a crystal-clear fashion, that was the implication - it wouldn't be affordable. It would be harder to find a SFH (or any ownership) in Sarasota that was "affordable".
I have no doubt that Sarasota County has homes that I would never be able to afford, and that I wouldn't be able to afford the "same house" I have here in Sarasota County.
But if you want "affordable" ownership interest in Sarasota County, it sure does look like your option is a MH that's been placed on a permanent foundation and tricked up (awnings, side structures, decks, etc).
You still don't understand THIS area. Houses <1 mile to the coast can be more affordable than others 5+ miles from the coast for many, many reasons.
Drop it already. Seriously. Every one of your posts is misinformation.
I have an appointment this afternoon to meet with a lady who wants to rent one of my apartments. The rent for our apartments start at $450 a month [which includes heat and electric] and a shared laundry room.
These are single-occupancy apartments. One bedroom, a bathroom and a kitchenette.
High demand from both buyers and investors. Too many neighborhoods have local investors/flippers jumping on the lower priced housing which shorts supply while they fix them then raises prices even more when on the market. . Not talking BlackRock /big national company either. Live near a big city and basically any place with in an hour drive to the city is seeing housing inflation and short supply.
I would guess affordable housing/rentals are very limited and housing is becoming more expensive because:
housing prices have exploded which means more people are renting because they can't afford to buy. more people renting = low vacancy rates and higher rental prices.
This is not the case. Home ownership is the standard for ~ 2/3 of households. When we instituted programs to exceed 2/3 in the mid-2000's, we got the financial crisis, because some people simply cannot handle the responsibility. They are lifelong renters.
while this graph appears to make "big swings", the bottom post-2008 was approximately 64%. That's 2% (approx 4 million households across the entire US) less than 2/3. In Q4 '21, after the real Covid pandemic shocked homeownership rates, they rebounded to 65.5% (~1.7MM households).
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major cities, like austin, have had major increases in population in a very short period of time and developers haven't kept up with new demand for housing.
not "haven't" per se, but couldn't. When a new subdivision takes years because of regulation & the "government speed" of approvals, then the pace of construction is restricted.
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covid issues. supply chain bottlenecks have diminished supply of needed construction materials to build for 2 years and inflation over the past year has rapidly raised the cost of construction materials to build new housing/rental. limited supply of materials + higher costs of materials = higher rental/housing prices.
yes, after the initial shock of Covid shut down the real estate market for ~60 days at the peak of home-selling/buying season, and created ADDITIONAL demand, the worst thing that could have happened was the manufacturing crisis (social distancing/limitations) and the supply-chain crisis caused a shock to raw material prices at the worst possible time.
We had only begun to "begin building again" at the end of Obama. In the 2000-2009 decade, we built 14.6MM homes - including nearly 0 in 2009. We historically build about 1.2-1.5MM new homes (units, includes houses, townhouses, condos) a year. For the entire decade of the 2010's, we built 7MM ... 7MM too few.
So how long does it take to build not only the 1.2-1.5 we "normally" would, but an EXTRA 7 million?
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out of state/local investors are buying housing stock as investments.
Blackstone etal are in the business of diversifying their portfolio - to spread risk and get an acceptable return.
Until 2020, the entire decade of the 2010's was spent with ownership costing less than renting. Scroll down to the chart:
Moderator cut: link removed, competitor site
So, Blackstone etal saw a gap there. They could "buy" at a lower cost than they could rent. In addition, rental properties provide valuable tax breaks - especially valuable for large entities with a wide range of investments.
Based on what I've read here, it's a combination of things.
1. Government over regulation
2. Corporate investors buying homes
3. The price of building materials increasing, making it nearly impossible to build a house for cheap
4. A shift from rural to suburban and urban living
5. Foreign investors
It will be interesting to see what happens to the market as more boomers die or enter retirement homes. A lot of homes will be freed up but will it make a difference?
A cay, also spelled caye or key, is a small, low-elevation, sandy island on the surface of a coral reef.
Anna Maria Island is a barrier island on Florida’s Gulf Coast. It's known for its broad beaches, like Manatee Beach Park. In the small resort city of Anna Maria, Pine Avenue is lined with shops, galleries and eateries. Anna Maria Island Historical Society Museum features a restored 1920 cottage. Nearby, the wooden City Pier dates from 1911. In Bradenton Beach City, Bridge Street Market sells food, art and jewelry.
Anna Maria Island is seven miles long and there are three communities on it: Bradenton Beach, Holmes Beach and at the northern tip.
every where you look it describes it as an ISLAND, not as a Key
if it's going to be built, "government" is going to have to play a big hand in doing it. And, as it usually does, government will screw it up. They could do it right, they just don't have any clue how.
How about that big condo complex in Surfside FL that collapsed last year?
Sounds like an argument for regulation right there.
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