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Old 08-21-2007, 09:59 AM
 
13 posts, read 34,807 times
Reputation: 11

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many people here talk about the low paying jobs and lack of good jobs in the tampa area, how can rental pricing and costs of owning a home get supported
at these levels? someone must have a good paying job?? or is there 5 people living in that 2 bedroom apt.
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Old 08-21-2007, 12:32 PM
 
Location: Florida
272 posts, read 1,438,119 times
Reputation: 158
There are "good paying" jobs if you have a college degree and/or are in a specific in-demand field. High tech pays better than most jobs here, as do finance, legal, medical, engineering, and science jobs. Other than that, jobs and salaries are at the low end of the spectrum. There is very little in the middle.

A lot of people who bought houses in recent years were "investors" who artificially inflated the housing prices through false demand. These people can't sell their houses right now so they rent them out and charge high rents to cover their over inflated carrying costs. Other people moved here from more expensive areas up north. If you sell a house for $500,000 in New Jersey and buy a house in Florida for $300,000 you made out pretty well. Others bought their houses before the bubble and still have relatively affordable expenses. Other than that, not many people can afford housing in Florida on the lousy wages. That is why the inventories of homes for sale is stacking up and more people are moving out of the state than are moving in.
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Old 08-24-2007, 08:30 PM
 
2 posts, read 11,358 times
Reputation: 13
It has not always been this expensive. We moved from Ft. Lauderdale 5 years ago into a really nice 1 bedroom apartment for $519.00 a month.

Long story short this same aprtment now rents for over $800 a month.

Rentals homes were very inexpensive back in 2002 till about 2 years ago. a 3 bedroom home rented for about $700-800 in 2002, now those same homes are at least $1100 and up.

We have thousands of less children enrolled in school compared to the estimate growth from years ago.

The answer is yes, families and freinds are moving in together if not packing up and movng to Georgia, Tennesse, etc.

The rents are way high and since I am not PC correct, the people moving into some of what would have been considered nice areas, such as Brandon are not exactly people you would want your family to be around..
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Old 08-25-2007, 08:47 AM
 
4,406 posts, read 9,275,759 times
Reputation: 4129
It dawned on me how expensive it's become here after I looked into relocating - I can rent a nicer place for less in Scottsdale AZ. And Scottsdale is supposed to be the expensive part of Phoenix

The rents here creeped up over the past 4 years I've been here, so I've gotten used to them. But now that I'm looking at other areas, I'm discovering I can either rent better for less, or more space for the same $ in other cities - Phoenix, Denver, Tucson, Dallas, Albuquerque. And I'd make the same pay in those cities. Plus my car, renters and health insurance decrease significantly in those cities. Yes, I'd have a state income tax (except Texas), but the savings in the other areas cover the income tax cost with some $$ left over.

I can only imagine what homeowners would be saving.
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