https://www.newsweek.com/florida-homeowners-struggle-sell-their-houses-1912392Aquamarine?

Meanwhile, soaring insurance fees are also dissuading potential buyers from purchasing property as they add more costs to owning a home.

  • KoboldKomrade [he/him]
    ·
    5 months ago

    Its price. Dad sold his house for ~120k. 4 years later sells again for 250k. Houses where I went to college went from 200k to 400k-500k. Its insane. These are like 2-3 bedroom houses too, in a decent area, but not the "best".

    • BakerBagel@midwest.social
      ·
      5 months ago

      It's everywhere, not just Florida. House prices have doubled in my po-dunk little college town in rural Ohio, but nothing is selling. They aren't even pretending that prices are based on anything any more.

      • Hello_Kitty_enjoyer [none/use name]
        ·
        5 months ago

        They aren't even pretending that prices are based on anything any more.

        prices are based on the government's need to extract more housing taxes from people

        • KoboldKomrade [he/him]
          ·
          5 months ago

          Partially, but also heavily influenced by massive real estate companies and land lords.

      • KoboldKomrade [he/him]
        ·
        5 months ago

        Yeah, its bad. Where I'm at now has still seen like a 50% increase since I've moved 2-3 years ago.

    • Hello_Kitty_enjoyer [none/use name]
      ·
      edit-2
      5 months ago

      Houses where I went to college went from 200k to 400k-500k. Its insane.

      Is this supposed to be high or low? I genuinely can't tell
      And when was it

      • KoboldKomrade [he/him]
        ·
        5 months ago

        100k was pretty doable for workers where my dad lived. 200k is a stretch, basically destroys the "expendable" portion of a budget there. The 200k was near to Disney (within an hour), and pay was somewhat higher, so kinda doable for a lower-middle class person. 400k isn't doable for anyone but those interested in landlording. Monthly payments are higher then rents, and rents are already barely doable.