Middle-class residents being squeezed out of Palm Beach County 

There's no middle class in the U.S. anymore.

Didn't he expect this to happen? They marketed to out of state companies now they are called "Wall Street South"...

You really think that the local politicians care? Don't forget that if the price of the property goes up,so do the taxes.Its like candy to a baby.Their gleefully looking at ways to spend all that money no matter what.Meanwhile local merchants can't find workers because of the higher prices for homes and rents.

No money, no honey. That's today's FL.

This is happening everywhere

The other shoe that will drop with increased home values is folks not being able to afford the higher property taxes that go hand-in-hand with inflated valuations…..😕

Foreign money. Say it, Already. Non citizens, cartels, laundered money is doing this.

They need to stay in New York and California so sad.

there's going to be a huge foreclosure crises

I am one of those middle class residents. I have good income and still can’t afford the highly rent or astronomical home prices of Palm Beach County. I am forced to move away from my family to Ocala, FL. Much more affordable there but a distance from my family.

Retired to rural Georgia on 150 acres a huge house from Palm Beach County, a five star rat hole. Family moved to Palm Beach County in 1965 it was paradise. Couldn't wait to get out.

I love how all the news stations stay on their propaganda of calling Florida “Paradise”. I have lived here for 15 years. I wouldn’t exactly call it Paradise. This is done to cause apathy to those who can’t afford the cost of living in Florida because of course it will cost a lot to live in “Paradise”. It’s all about the rich justifying their price gauging to maximize profits at the expense of causing homelessness at a scale we have never seen and they do not give a $hįt who goes without food, water or housing.

We bought our house for less than 100k 10 years ago. Currently it’s valued at 250k. Crazy! New homes around me that were built 2 years ago were listed for 200k are already 450k.

Come to Pennsylvania. We are middle class and our home is paid off. There are a lot of middle class people here. You have to make the right decisions. Of course real estate is higher near the ocean, common sense.

This state is becoming DEPRESSING! There is so much deforestation, ecosystem and nature destruction. There is NO END TO CORRUPTION AND GREED! Sick what humans do and when we leave for future generations.

"We" are most certainly "out of balance somewhere."

This is sickening

don’t worry, there’s a large amount of shadow real estate “secondary homes”. The owners 401(k)s and stock portfolios have dropped 20%. They will be selling those homes soon! all of this will come to a slow halt, the bubble is about to pop!

This is being done in Polk County Florida to built 400 freaking houses by freaking city dump in Polk County Florida

Long before this gray day more than the fringe of middle class was living off of credit card fumes.

Is a HOA really necessary?

If DeSantis is doing such a great job, why isn't he addressing what is obviously the growing, not diminishing, problem of skyrocketing housing costs in Florida and the continued exodus of people to cheaper states?

it sold to a corporation....hence the cash offer and the quick sale....so, theres that...!0 years from now? who knows but I won't be in country to worry about it..

There goes Your local Labor. Greed cutting it's own throat again.

i wonder how many are buying beyond their means

As a manager.. there are no workers and people will not drive when its $5 a gallon.

Who else thinks this market will crash or adjust significantly within the next year?

It doesn't even feel like palm beach county anymore.. all our memories are damn near torn down

Let's see, NC SC TN FL GA TX AZ NM All have been ruined by transplants and big business.

When people relocate here, where do they work? FL doesnt have California or New York wages

Middle clas? What about the poor? If they are struggling what about the poor?🤬

Wall Street South,never heard that. I know these people need to get the HELL OUT OF HERE

Really. Georgia has the same problems. I want to leave, but can't afford to go anywhere! It's sad.

Wrong!! They squeeze themselves out. Think about it.

The middle class is shrinking not to mention alot of people who think they are middle are not at all.

What happens if you push-out all the service-sector workers ?

Pretty soon you'll have homeless living in their bmw's like they're doing here in hawaii

Middle class being pushed out of Pennsylvania suburbs as well.

It's everywhere.

There won't be any more middle class once those 87,000 IRS agents come down on all of us

Would u rather see the values dropping and people moving out ?

2:55 She Doesn't know what she's talking about! People like us from the hood are gonna suffer more!

great Coverage!

I will move to Oklahoma once my lease is up at west palm beach. Currently paying 1500 for 800sqft 1b condo at wpb. Currently all rental list are 1800 for 1b condo..

PBC cares about one thing, tax revenue. Every time a house sells and the sales price increases the recorded sale will always result in increased tax revenue. Mortgage interest rates are hitting 5%. Cash sales from out of state buyers will always win as many local PBC residents are being priced out of the market as many of them cannot qualify for a mortgage unless they have a large down payment. Time for many to move out of PBC and realize that they will be better off somewhere else!

If you own a house there don't move reap the rewards of you equity going up.

Well let them buy it up and kick people out... they will not have anyone working in that area... good luck fixing your toilets, painting fixing your roofs, electricity..... they better also go learn how to do it themselves

sounds like attempted murder discharging a firearm into an occupied vehicle

A 2 bedroom dump for rent is 3,000 a month now.

it is the fed policies to create the wealth from asset. not from manufacturing or service

Sorry but the best option is to MOVE OUT OF FLA SAD

News anchor: "Low income Floridians being pushed out of their neighborhoods." Desantis: "Transgender athletes." Florida residents: "I can't afford rent anywhere in Florida." Desantis: "Cancel culture."

My bother is a Dentist out of Pittsburgh and he just bought second home there. He's rich a.f.

Warren and Blackrock

So Shelly wanted to sell use the same proceeds amount to upgrade in the same neighborhood!

Beautiful places

That gentrification is been happening in NYC for 15 years

Ohio foreclosures are at unprecedented levels. Gas prices are out of control. EVERYTHING just sky rocketed. What does our government do? Gives Ukraine 33 Billion. I bought an air mattress for my SUV because I too will be sleeping in it & I work 2 jobs!

Not only from Palm beach any ghetto in south florida is charging theirs tenants like everyone is a remote worker from California or New York

They want that new money .. the old money don't spend like they use to

Make sure you enroll in "How Communism is affecting your housing options." Paid by DeSantis.

So a $60,000 truck, is considered "middle class" in these lower-end neighborhoods?

Chinese pay cash

We've come into a soceity that demands millionaries but cant provide it.

Vote for DeSantis👍

Time to buy a Mini Motorhome.

Please keep everyone that fled NYC.

Can asylum seekers claim housing benefit? Asylees are one category of immigrants that can access federal mainstream benefits, such as cash assistance through Supplemental Security Income (SSI) or Temporary Assistance for Needy Families (TANF), Supplemental Nutrition Assistance Program (SNAP) or health insurance through Medicaid.

There is no more middle class hasn't been for years. It's either you have or you have not.

Midterms are this year, make sure your voice is heard and if you want this to stop then vote.

I see a lot of Tesla’s, Range Rovers and a few Rolls Royces in Jupiter. And yeah, they are arrogant, pushy drivers, acting like their rich selves.

What middle class?

This is another restate bubble. Private equity, Corp, zillow are all trying to cash into the market. It will all collapse again eventually...

Are New Yorkers getting your places? Surprise !

GENTRIFICATION

Most of these properties will sit empty until a collapse because ain’t enough rich people to live in them.

One word... gentrification

Well we can blame the LLCs from other countries that have settled in South Florida only a US citizen should actually own a business in the United States not Russia not China not any other country

Double Up, America. If you have a house, rent rooms out to keep your property. FIX AMERICA!

Its not for the lazy poor who cant afford our area. Theres plenty of jobs👍

How Is Florida paradise its overpriced.

The party is over.......oh my.

And No One wants to live in a Stack N Pack building either.

2008 all over again

All true

You’d think the legislature would do anything about it but then again even our own residents blame each-other rather than the people they elect to tackle issues like rising house prices. Floridian voters really are on the mental decline, and all for party unity.

Do we have anybody in South Florida other than DeSantis in these cities that run these Democratic cities that don't have an accent

Go to South Bay all the way West Palm Beach. They are plenty land!

1:29 wow! Jamaicans are everywhere huh?

I hope all middle class move out of south Florida so the rich are left to scramble on their own with no help

It is all about freedom and democracy

What happened being pc and getting a trophy whether u won or lost mentality....doesn't seem to wk in the real world, huh...

Palm Beach is being run out with Hispanics and African Americans 60% of people there don't speak English and where is the money coming from

Totally your subjective narrative, maybe there's a lot more Rich Americans that can't afford expensive homes? Or maybe Latin American investors? Why make it a class warfare issue.

Supply and demand, nothing more.

They can paint and improve till the cows come home, but when the new property tax assessment comes in, that's when the real cost and effect of the newcomers becomes moving vans and long good-byes.

This is capitalism. Isn't it great?!

Let's all kneel together and pray to Lord Trump for lower home prices and healing 💕

This is good for Florida. Florida and Texas are the most desirable places to live. Low Tax, Nice Weather, Tourist stuff, Semi-functional government (as opposed to completely dysfunctional). Compare this NYC/California - High Tax - Lousy Weather... Prices must go to those levels or higher to compete.

This is what MAGA looks like. Vote DeSantis out