woodguru wrote:
This is ironic and funny in a way, Florida depends on tourist dollars, and they are experiencing the plagues of hell in regards to multiple reasons to stay the hell away...dead fish so thick on beaches nobody wants to go there anyway.
And now people will be dying in record numbers, along with record numbers of kids in hospitals.
DeSantis won his e******n by 32,000 v**es, C***d is changing the state blue.
https://www.rawstory.com/florida-unsafe-ron-desantis/?utm_source=push_notificationsThis is ironic and funny in a way, Florida depends... (
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Not only dangerous, expensive as well.
The great migration of residents to Florida appears to be accelerating due to the p******c, newly released reports show.
In Miami, luxury home prices were up 42% to an average of $2.8 million in the most recent quarter, according to a report from brokerage Douglas Elliman.
Palm Beach is particularly strong, with the CEO of Elliman calling it the hottest market in the world right now, CNBC reported.
Florida gained an average of nearly 1,000 per person per day in 2019, but that number could be even higher in 2020 thanks to the p******c. The large number of people moving south to the state in recent months has attracted the attention of international media, including the New York Times and the Daily Mail.
Less than 1% of single-family homes were available for sale in Miami-Dade, Broward, and Palm Beach as of July, according to an ISG World report. A seller's market is defined as one where less than 10% of units are available for sale.
The report states that the Miami condo resale market remains in favor of buyers, but inventory has been shrinking over the past few years. For new condo inventory, more than 91% of units built since 2012 have now been sold.
The share of residential buyers in the Miami area coming from other parts of the U.S. has doubled from a decade ago, ISG added.
According to Zillow's rent estimate charts, apartment rents in Miami have been going parabolic over the past few months.
One Brickell City Centre apartment that would have rented at what Zillow estimated was around $2,100 at the beginning of 2021 is now listed at $4,500.
A shortage of supply appears to be driving the surge.
The Reach and Rise towers at Brickell City Centre are a prime example of the supply and price shock.
Just 20 units in the 780-unit condo complex are available for rent, fewer than what has normally been available over the past five years since construction was completed, according to the MLS.
The least expensive unit is 810 square feet and is now listed at $4,000.
SLS Lux has even fewer vacancies across the street – just 9 rentals are available out of the 450 condo units, with prices also starting at $4,000.
A similar supply and price shock can be seen in other nearby buildings, both in Brickell and further north in downtown Miami.