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Rich New Yorkers' exodus to Florida


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perugu_vada

New Yorkers are flooding sellers in places like Miami and Palm Beach "with offers, and the supply of available properties is plunging," Bloomberg reports.

What's happening: Florida’s tax laws have long been a draw for rich individuals, but the pandemic has increased the state's allure.

"What was the three-to-five year plan is now the three-to-five month plan,” Simon Isaacs, a Palm Beach luxury broker told Bloomberg. "If everything shuts down again, do you want to be stuck in an apartment in New York, or do you want to be stuck in a home in Florida?"

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MalleFoolu
Just now, LadiesTailor said:

Make sense NY lanti cities lo down payment ki FL lo home vachestundi.... wfh jobs permanent ayuthe I would move to FL 

Snakes there ankul be careful

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DummyVariable
40 minutes ago, Catalpha said:

Mortgage < Rent? How much?

May be a 200-300 dollars if you compare rents here. Valley forge the rents can go upto 2000$ per month though. A nice townhome would cost between 500k-700k here. 

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Catalpha
5 minutes ago, DummyVariable said:

May be a 200-300 dollars if you compare rents here. Valley forge the rents can go upto 2000$ per month though. A nice townhome would cost between 500k-700k here. 

Must be nice

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