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Regardless of the numbers referenced in the article, the bottom line is people are continuously leaving CA and NY for other states. Florida's real estate is by
by liamtk43 3y ago
Regardless of the numbers referenced in the article, the bottom line is people are continuously leaving CA and NY for other states. Florida's real estate is by no means less expensive than CA or NY. It seems rather obvious the continued outflow from CA and NY is CA's and NY's suffocating regulatory and tax environment.
- treis 3y agoFlorida's real estate is definitely cheaper than CA or NY. Median price is 1/2 of CA and 3/4 of NY. Plus much lower taxes.
- liamtk43 3y agoWhat you are failing to factor is the the ancillary costs associated with owning real estate in Florida, namely the cost of insurance. Also, Miami and Tampa are seeing the latest influx of new residents where the average price of real estate dwarfs other markets in Florida but is on par with NY and CA.
- AnimalMuppet 3y agoIf you're in either the Bay Area or the LA Basin, you'd better have earthquake insurance...
- asdfqwertzxcv 3y agoMultiple annual hurricanes with increasing intensity that are harder to get insured against due to said factors or few hundred dollar a year insurance for a “big one” earthquake coming soon™? Easy choice in my book.
- majormajor 3y ago[flagged]