A year ago, our company purchase a competitor. We planned on transferring people down here and several were interested until they saw the housing prices. They all said no at that point. Another company we are in a joint venture with recently needed a new CEO. None interviewed would relocate here because the housing they were accustomed to was simply out of reach. And that's at a CEO's pay! Had to recruit locally and get someone already established in the area.
Ft. Laud. resident here, my ins. will double come Nov.. I wrote an extreme letter to state farm, like it matters.
Fortunately my home will be paid for in a few years.
Yup. One of my (former) renters was a VP in Clearwater, and had relocated from GA. They ended up leaving the area due to the high cost. I always saw Florida as the last bastion of common sense and control. Looks like I'll be doing the opposite of the Snowbirds when I retire: Sell everything and move North...!