Is Florida Done For? My Honest Opinion 

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To make Florida more affordable - DISBAND BLACKROCK!!

I would never buy a condo anywhere in the country simply because of the home owners special assessments for building repairs. I also steer clear of home owners associations.

The lacks of affordable housing for workers in the tourism is repeating nationwide. Places like Sedona, AZ and Chyenne, Wyoming are having the same issue. Except that sleeping in you car in the winter in Wyoming is really cold, and sleeping in your car in the summer in Florida is really hot. And both suck!

Native here and have lived in Orange County Florida for 60 years. The affordability problem is not new. I entered the job market in 1972. Same issues as now , low wages and high cost of rent and housing. Most younger people had to have multiply room mates to afford a place. People from primarily the north east pushing prices of housing towards what they paid back home but wages here just sat like it was still 1960. I think the medium wage currently in my county is a little less than 35K per year. The medium one bedroom apartment close to 2K per month. My wife is from Atlanta Georgia and the cost of living in the bedroom communities there are lower and wages higher than here. I own my home outright and have family here. My retirement income is well above average but if my home was destroyed in a storm or took by the local government for redevelopment I would leave the state. Most likely to my wife's Georgia. I had one of the very few decent jobs here because power utilities compete nationally for talent but still had a sunshine tax of about 10% less wage. Most make a lot less here than up north. Much more than a 10% cut. I would advise a younger person that there are communities outside the state that offer overall a higher quality of life for them . If things do not rectify I can see a sever labor shortage worst than what it already is coming. Florida state government is frankly hostile to labor. Laws and regulation lopsided tilted towards the money elite. But with out workers the elite's money and power evaporate.

Taxes shouldn't be raised because prices go up, That's just an advantage our Government takes of the system. As a matter of fact Homes should never be legally taxed, it is our Castle, No one should be kicked out of there home after paying it for 30+ years and paying taxes on it, interest and insurance. No one and I mean no one should be kicked out. That should be a written law.

All they need to do is construct structures that are stronger like concrete and the insurance will have to come down. Those wood houses are no good.

Will never go down to the old home prices...Florida is for the RICH

Great State to visit. Terrible on worker rights, wages, and cost of living. I lived there for two years and decided to come back home. If it works for you, salute. It wasn't my cup of tea.

Moving to Florida?....just bring plenty of money...sky hi car and home owners insurance....over priced rents and homes...insane traffic ....it's getting worse every day...we're going into summer with a heat index of 160 every day....most neighborhoods have a home owners association that will run ur life after u overpay in a bidding war for ur dream home....every where u go u have to drive with crowded roads and reckless drivers and over pay for everything.. .but don't worry, the whole country is going in this direction....so welcome to "paradise"....

Insurance is high because of the scammers.they tried to get me to this roof thing I told them to hit the road

Thanks for a good and informative report. Yes, we are in trouble and getting out will be a long slog.

I would eat a spider before I would buy a condo in FL. And I was going to add “right now” but I don’t think I ever will change my mind on that.

Its Blackrock muscling and manipulating insurance companies

Greed, irresponsible HOA , contractor scaming insurance companies and homeowners

Florida is wonderful. Just not cheap, anymore.

Ha Ha ..lived in Orlando worked 35 years Retired Moved ... Win !

We moved to Florida in 2020 and our homeowners insurance was $2800 in 2023 it was $11,000. We now self insure. We love it here but if we had move here in 2024 we couldn’t afford to live where we do now.

As an Oahu lifetime resident, same thing going on over here, poor supply high demand for housing has increased my home 10 fold since 1986, whereas wages have increased approx. 4 fold. Only way to survive have several jobs, 3 generations live under one roof, or move to the more affordable 9th island Las Vegas.

It's not the pay that is causing the Teacher shortage. It is the nutcase politics constantly attacking teachers.

Then we have Morgan and Morgan, Dan Newlin, Todd Minor suing everyone for vehicle accidents. Need a check get in a wreck. Ridiculous!

You simply make the building standards in Florida insurance friendly so the prices will come down i.e. concrete construction metal roofs no more shingles to blow off no more wood plywood on the roof to be destroyed when the storm comes through housing having trees trimmed away from the housing many many things

Sadly, you nailed it on this video and all is very true, we are in Port Saint Lucie and our property taxes quadrupled after we bought in 2020, our mortgage went up 1K monthly. We are now having to sell our house even though we make a great living. will be moving to South Carolina. Im upset about it but at the same time there is much more to see and much friendlier people than Florida has to offer speaking as a native Floridian.

Born and raised here. Homeowners insurance is going to price us out of Florida eventually. Right now we are trying to pay off debts and the mortgage asap so so we can cancel our insurance. Ridiculous. Who is going or work all the service jobs when normal people are priced out of the state? There are going to be a lot of empty gas stations, restaurants, grocery stores and the like.

With everything that's been happening in Florida, I don't even want to visit that state let alone live there.

Moving out of America is sounding better and better. especially if your retired.

Oh, it’s been done! I would say, around 2000 to 2005 was the beginning of the end. It’s just not one thing. Population spike, low paying jobs, high rents, violence, terrible school systems, weak infrastructures. Rat infested homes that you don’t want or New homes that are out of reach money wise. It’s just a playground for the wealthy. I live in Ft Lauderdale now. However, I lived in Brickell, Downtown (Flagler on the River) Midtown at 30th and Biscayne). I can remember when South Beach was $18 a square Ft to open a business full of mom and pop stores, now I think it’s $350 a square Ft. And people wonder what happened to the eclectic of S Beach? Ross and Trader Joe’s is down there. That’s just one example and let’s not even talk about the unfortunate Surfside Tragedy which really put these buildings in a panic after years of neglect. Causing HOA fees to raise. Pff (Don’t move here)

If you don't have a mortgage, and FEMA paying up to 250k, and interest free loans... going without insurance is a viable option.

Florida is BOOMING!!--Everyone getting rich from Real estate if you bought a house or condo ten years ago

The whole country is in the same boat. The only difference is home owners insurance. Wages are probably a bit higher than most southern states.a. The governor just needs to do something to stop the fraudulent lawsuits against the insurance companies.

Insurance has gone up not only because of the storms. Yes, it plays a part, but think about all that juicy appreciation homeowners have gotten in just 4 years (and still going up). If you bought your house for 200k a few years ago and now it’s worth 400k the replacement cost has now gone up 100%. Of course the insurance premiums are going to go up. I know too many people who are trapped in their homes. Between property insurance and taxes they are barely holding on, but they’ll never find rent as cheap as their 3% mortgage so there really is no option but to hang on until they’re completely wiped out or sell and move out of the state.

Loving this channel. Keep up the good work 💪🏼

Let's be clear, my Tallahassee home insurance went up not less than 100% in 2024, and that is after an approximate 20% the year before. Also, a group named Storm Chasers got my elderly mother to agree to a roof change. The insurance company resisted, the courts resisted, and the Storm Chasers never ever put on the new roof. After many calls to their "lawyer," saying how awful that was, was instrumental in not performing. Don't sign your rights over to the builder. DON'T! P.S. My insurance company starts With an S.

Saw a load of "not Americans" getting off the busses (pural) in Fanning Springs May 31, 2024. What does Fanning Springs need with bus loads of "not Americans ?"

Please keep Florida free. I'll pay for my family to have the Constitution and Bill of Rights our justice here.

I had to drop my home insurance, in order to pay for my car insurance so I can go to work, out of control

The problem with the roofs is they do not pro rate it. For example if your roof has a life expectancy of 20 years and you have hail damage in year 11. The insurance company should pay for half or 50%. Now the insurance company pays for all or 100%.. That is the problem.

At least in nyc they have unions that pay workers well with a pension....and in nyc they have plenty of program to help the poor including affordable housing lotteries ...Florida government is completely bought by corporations that keep wages low and everything else high

Everyone knows there are cycles. U have a case where people are buying in droves then when a group of people run out then we have a slow time when people are not buying. Normal trends.

I've been in Florida since 1985 and I love my state. The entire USA has problems so no matter where you go it's the same nonsense. I'd rather stay in paradise!

the condo legislation although needed to ensure safety also has unintended consequences! Condos are OUT of reach for the middle class! just like houses. I have no idea how people who work in the service industries can even afford a apartment, so hiring signs in many restaurants and tourist destinations are ignored. There is no one who can work for 12/hr

The crime rate has ruined my home State already! In my 62yrs it was never this bad! The tourism has dropped-not by much- but enough to feel it economically.

I can personally atrltest to the roofing issue. Everyone in my neighborhood got a new roof 2 years ago.

Easy living here compared to where I moved from. Home insurance rate is are higher , but auto is lower, taxes are lower fuel is lower so. Just because things are up doesn’t mean it is because of over population. Inflation is up everywhere. Traffic is not an issue.

Florida keeps growing. I live in Jacksonville and there is so much construction here.

In Florida property taxes rise at 10% a year if not homestead.rental properties are not supposed to be homesteaded.I have to raise rent $100 per month every year to just keep up.I wondered is my house at least going up in value that much? what people need to realize is the cost of pretty much everything doubles after about seven years seven years at 10% is double

How about the bubble prices? Imagine the property tax bill on 2x-2.5x increase in prices, 2x-3x interest rate, HOA big increases, AND the home owners insurance! INSANE

I left Florida and came to California out of the frying pan and into the fire lol it was mainly the heat and humidity Florida is like a sauna bath most of the time

Location of housing in Florida is key to the risk involved for insurance companies. Lower west coast, lower east coast and panhandle are high risk locations. Mass purchases of single family units by financial institutions has driven the price of housing up artificially in some areas, resulting in higher property assessments.

I'm working 2 jobs trying to save money and move out. Been here most my life and I'm 55. Piss on the northeners moving here.

Wrong about the roofers. The assignment of beliefs law was changed in 2022. So stop blaming the roofers and " insurance " scams.

I didn’t realize it’s going up 24% in FL that is insane! I don’t have enough bitcoin. Thanks for reporting. Subscribed

Establish a state income tax that excludes pensions, social security and military pensions. Increase sales and gasoline taxes. Increase and initiate boat taxes and cruise ship docking fees.

This time, Florida is done!

Well, in Cape Coral, homes are currently selling in the $2 million to $5 million dollar range. Lower priced homes aren't moving as quickly. It is what it is...

Why do this video give me Cash Jordan vibes just for Florida?

I wish you were correct. Its still too crowded. There's a ton of Guatemalans here too. They're piled up in rentals. I mean piled up.

Many , many lawsuits are because of lowball payouts from Insurance Co. The blame the roofers crowd need to go find a few people in Ft Myers, and ask about their wonderful experiences getting paid after the most recent Catastrophic Hurricane. Better bring lots of money if you are moving here to Florida, Btw jobs mostly pay crap

My family founded Pensacola in the late 1600’s. I was raised in Pensacola but the destruction of the environment and toxic politics caused me to sell my home and escape to the Philippines.

For the condos I honestly wouldn’t mind paying 13k to upgrade the integrity of the building if it was done collectively. Why wouldn’t you want your building to be structurally sound. Especially an old building

Keep Praying! The Trend doesn't look very good for average Americans! Im still trying to come down within the next couple of years! 😬

That Roofing scenario happens all over the country ...that's not unique to Florida where rates are going up the most.... the reality is when an insurance company has to pay out 500,000 dollars, 50,000 times,3 times a year, there's no way home insurance is going to be affordable..

What scares me most about Florida is Red Tide that goes over the whole state and sink holes which as I understand it will just get worst as time goes on. Good place to visit risks are lowers.

Want to make things affordable? Let's supply and demand do It's job

Great time to buy an older condo unit in Miami! Lots of condos are for sale! Have to have real deep pockets for HOA future expenses!😂

Yes this roofing nonsense has been going on for years. Thank You for talking about it.

My gosh the flooding in south Florida this week Can you imagine a hurricane?

you forgot people who lived in trailer parks where the rent has been 3 or 4 hundred a month and now have been bought by corporations and the lot rents are 8 or 9 hundred a month with some even higher.

So tell desantis to obliterate property taxes and millage!!! He does not care that even senior citizens are losing their homes and living in their cars!! 7% sales tax rakes in billions every year!! ,

i moved in 2007 I am a painter and insurance companies are screwing people. the FED needs to step in.

Yeah, not surprised. Thought about this years ago, the wealthy will be able to live in Florida and the average person will not be able to afford living there, sad.

I don't think Orlando is in the area affected by the reserve legislation.

This is absolutely true. Therefore y'all should visit and not try to stay.

Florida overall is still one of the best states to live in because you’re not paying any state income tax so I mean think about it if you make 100 K a year you’re probably saving five to $6000 out of your pocket by living in Florida and not living in one of the other states in the United States That does take out state income tax so that they’re alone makes it affordable

We are just getting started🎉

We need to go back to are roots in Florida, bring back the railroads! Trams, trolleys, metro rails, metro movers, and more railroads!!! Also affordable mid rise buildings that have no amenities, only humanitarian housing. Low HOAs, no pools, no gyms, just mid rises! More walkable spaces, less roads and less traffic.

Home owners shouldnt be allowed to sign over their policys to a roofing company the roofing didn't pay the premiums thats was because they are in cahoots with the government

It’s too late to change! The new California.

As a Floridian from West Palm Beach who moved to metro Atlanta in 2005, my goal was to move back to retire. As a teacher. the salary difference between Metro Atlanta and West Palm Beach is $30,000.00. Florida is ABSOLUTELY unaffordable. The "service" tourist attraction state will not have service workers to maintain the demand expected by tourists. Only the VERY rich can afford an extra $18,000.00 for home insurance...$5,000.00 for auto insurance (3 cars)... $2,000.00 for Flood insurance...$3,000.00 for HOA fees....$9,000.00 for property taxes.....that is the minimum for a "starter house " at $450,000.00. It will NEVER recover. No new homeowner wants to volunteer to purchase a home in this out-of-control market. You need at least an extra $30,000.00 per year to pay these additional fees.....200% more than the actual mortgage. Good luck

I dropped my home insurance. Why should I subsidise a billionaire's castle on the beach that falls into the ocean every time there is a hurricane?

Things have to change maybe the state should restrict the amount of profit contractors and insurance companies make

Vote for different people - maybe people who don't just keep rubber stamping development, more is not better

I don’t understand why you can sign ur rights over to a contractor is that normal

Can you please tell me where the fire sells taking place ?

Not ONLY homeowners insurance. My auto insurance premium increased 64% in last 2 years !

Sounds like Florida is the new “California”

Not for like 10 more years. Its warm, so it's not dying like Detroit did

My community got a lot of new roofs after hail and wind storms.

anyone buying a condo in FL may as well burn thier money.

Hurricanes have nothing to do with it. Who stealing all the money?

I can't address FL in general, but for Seniors a 55+ community seems to be less impacted by what's going on outside their respective "bubbles," such as The Villages, OTOW (Top of the World,) etc.. They still seem to have a very wide range of home prices from WAY below 300K to over $1M -- something for every budget. Definitely NOT the scene as in Miami with increased condo fees, outrageous assessments, rising HOA fees, property taxes & home insurance surges...not to mention the other 2 HUGE negatives in MOST markets across America (not just FL): Inflated/overpriced/overvalued homes (probably 30%+ over-valued) and inflated/high mortgage interest rates. What I do NOT like though are those outrageous Bonds home-owners in The Villages (for one example) get hit with as it's added onto their monthly house pay't. That needs to be done away with/repealed. It's already bad enough for home-buyers in FL -- especially First Time Buyers -- then they get a Bond pay't on top of that. I'm talking about new/newer homes, not older homes where the Bond was likely paid off by previous owners earlier. But NO, I do not at all think FL is "done for" or "finished" -- it just needs some serious corrections. But then so does CO as well. Here in TX? Not bad. But I hope in 2+ years, the housing market in both CO & FL is WAY better for Buyers -- I may move to one or the other IF things improve. -- BR

Insurance companies have a great deal in Florida. No Assignments anymore. No attorneys fees if your Insurer decides to lowball you. Easy solution. 1. Change building code for stronger roofs. 2. Force all insurers that do business in Florida to sell windstorm. 3. Make insurers pay attorneys fees when they low ball customers. 4. Make solicitation illegal.

It was the collapse of the Surfside Condo in Miami that started the ball rolling with the "reserves". The board of Surfside knew there were issues that would cost hundreds of thousands of dollars to repair. This would have caused an assessment to each owner of tens of thousands of dollars...so they put a band aide on a gaping wound. The building collapsed, killing over a hundred people. Long story short...condos are not the way to go unless you are super rich.

Florida is full. Come and see Mickey and go back home to New York!

Things are crazy right now. I’m in West Palm Beach and if I didn’t HAVE to be here I’d be gone. You work just to make everyone else rich. If it weren’t for the sunshine and warm weather……

Roofing company just took advantage on people who already suffering in financially .I do and fix my roof by myself

I SEE CARS WITH FLORIDA PLATES IN NEW YORK CITY EVERYWHERE!!!!!😢😢😢😢

Weather is not the only problem with Florida. We left eight years ago due to a combination of events. Housing, population growth, highway congestion, drugs, homeless population growth especially among seniors and even more. Not to mention the Republican policies. Under complete Republican control we watched as Florida became a much more expensive state as time went on. The old Florida is gone. It will not be back. It’s Boomer heaven now. It will take a regime change. I only feel bad for the panthers and manatees who will soon be wiped out with the population growth alone.

Florida is doing great. More business, more taxes, more opportunities.

Millionaires will leave Florida when workers are forced to leave due to overpriced everything. No more restaurants, hotels, grocery stores, ect