Exhibit A in DeSantis’s campaign for president: the forces driving Florida’s real estate resilience

The Capitolist ^ | May 25th 2023 | Brian Burgess

[Jacquerie]

In the face of a slowing housing market across the United States, Florida’s housing sector remains buoyant, attracting significant attention from potential buyers and investors. This resilience is, in part, due to the considerable growth in both population and businesses in the state.

New data shows a national decline in the prices of existing-home sales, with a sharp annual drop of 1.7 percent in April. Some regions, like Seattle, Austin, and Silicon Valley, have seen a decline in home prices of about 12 percent in the past year. But Florida is bucking the gloomy national trend, with rising prices, even though high interest rates are forcing buyers out of the market, slowing sales.

Between 2020 and 2022, Florida’s population surged by nearly one million people, with growth rates five times that of the rest of the nation. Much of this surge is due to the influx of white-collar professionals opting to work remotely from beach-side locations. But there are also whole businesses, including Citadel, Windstar Cruises, JP Morgan, ARK Invest, and InnovaCare Health, among many others, that have expanded or moved their operations or headquarters to Florida, significantly contributing to a gravity-defying real estate market.

It’s a feather in the cap of the nation’s newest presidential candidate, Florida Governor Ron DeSantis, who was among the first to buck the national lockdown and reopen Florida for business just months into the pandemic. It was a huge political gamble, but one that paid off for him politically, because it has quite clearly paid off for Florida economically.

This continuous growth in population and economic activity has fostered a thriving housing market and home prices that have remained resilient, particularly in cities like Miami, Fort Lauderdale, Pensacola, Naples, Tallahassee, and Sebastian, where home prices rose between February and March.

[Afterguard]

Then perhaps you’d be better off in say, Minnesota. No?

[McCarthysGhost]

It’s not peculiar to Florida. Many red states are seeing real estate prices skyrocketing. Tennessee is one.

[aMorePerfectUnion]

Do they have less socialism or tax theft in MN?

Or do the people of MN object more to socialism or tax theft?

[Jacquerie]

<>It is a form of theft.<>

Did you recently purchase property in FL?

[Jacquerie]

FWIW, the tax deal "Save Our Homes Assessment Limitation" applies only to homesteaded property.

Save our Homes Assessment Limitation.

[tinamina]

Till they get their property insurance bill, which is going up every year.

[tinamina]

That’s crazy. It’s not that at all. Disgusting to call Florida residence. Steve just because they’ve lived here for a long time.

[HamiltonJay]

FL been a draw for retirees long before Desantis and will be long after he’s gone…

Not sure how he’s to credit for it

[tinamina]

Theives

[Cats1]

I wasn’t giving him credit for it. ;o)

[Robert DeLong]

I finally found the truth:

DeSantis, a Republican, said in a press conference alongside Broward County Mayor Dale Holeness and Miami-Dade County Mayor Carlos Gimenez in Doral that he was following President Trump’s recommendations to reopen the state.

FLORIDA Published May 14, 2020 2:15pm EDT Florida's DeSantis lifts coronavirus lockdown for remaining Miami-Dade, Broward counties

So, that means he only went out of lockdown before Democrat governors did in blue states.

This is the article that led me to the truth:

Donald Trump, Pence’s Taskforce, and Why DeSantis’s Revisionist Attacks Will Fail.

[Jacquerie]

Thanks.