Our rents and housing prices have absolutely skyrocketed within the last six months. I know it’s bad everywhere, but we have tooany people moving in, and there is no housing available for them.
I am not saying that it hasn’t gotten more expensive but the article makes the assertion that it’s the “least affordable place to live” - I skimmed through it and perhaps I just missed it, but are there any numbers that back that up ?
Californian here…I would probably dispute Florida being most expensive place to live…unless they are factoring in the cost of air conditioning and screened patio enclosures
Yeah, I’ll admit, the headline is 100 percent hyperbolic. Even with rent increasing to near California levels, putting everything else together cost of living is still lower.
The thing is, we don’t have California wages. So housing increases so high, so fast, locals are having a hard time affording living here.
It’s already bad. We moved to Palm Beach from MD. We bought a home in ‘08 when the market bottomed out. Nice, gated, in ground pool, club house, active community, pool side faces west, lake, sunsets are awesome. It’s our retirement house. I took a “retirement job” driving a school bus. The wife owned a hair salon up north sold it. She does the oldest daughter and daughters in law hair and a few friends that live here. Down at the bus lot they’re screaming at the union rep for an hourly increase because they can’t afford to drive to work! I see why, driving a school bus isn’t a money maker. I get an investment income check and we both get SS. We’ve had to look at cutting some costs. Gasoline is brutal and FPL raised their rates. Oldest son flips houses, he can’t even buy a shack to remodel, no inventory. He sold a house last month for $1.5 million that didn’t look like much to me. He said the buyers were from NJ and didn’t even do a walk through?? He said we could get $5-600k for our house but there’s no where to go. We like this place just fine except there’s a lot of traffic all of a sudden.
Just did some math, could be wrong. But they are creating a force to combat .0007 percent of fraud that occurred. Why could the enforcement that already exist handle that?