1,600,000+ Homes in Florida are VACANT – over 17%… HERE’S WHY – add me on insta @thisisjohnwilliams
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I sold my Los Angeles home and moved my family to Florida. We have loved Florida and we can’t help but notice how crazy the housing market has been. We have seen rents increase 30% and our own landlord increased our rent from $2,500 to $5,500! The housing market is absolutely insane in Florida especially in desirable housing markets such as Tampa and Miami however the question is – is this real estate market sustainable?
I came across some very interesting data – did you know that over 17% of ALL homes in Florida are sitting vacant? That is a whopping 1,600,000 total homes in florid are sitting vacant yet there are massive rent increases and home prices are sky rocketing due to low interest rates, change in lifestyle and all of this liquidity in the market.
Is this housing market going to pop in Florida? Here are my thoughts on what I think could happen if we had a room full of people sitting at the table worth tens or hundreds of billions of dollars that wanted to invest and be forward thinking on the housing market in Florida.