Disney employees who relocated to Orlando from California prefer to stay, realtor says

[Harpy Eagle]

Florida is not as advantageous as it was even a few years ago. Real estate taxes are exploding, as are homeowners' insurance rates, along with interest rates.

Snowbirds like me are seeing 50% increases in rents from two years ago.

People looking to move to Florida right now are looking at a shocking increase in the cost of living, as compared to even four or five years ago. Much of the housing stock is damaged from storms, and contractors are having a field day, charging extortionate prices for repairs because homeowners have no other options. Homeowners' insurers are refusing to pay for damage repairs, claiming that homeowners did not act quickly or thoroughly enough to protect the damaged property (e.g., tarps on damaged roofs).

Whether buying or renting, Florida is not as desirable as it has been in the past.

I just saw an article last week about retirees leaving Florida for Southern Alabama, they are being priced out of Florida

 

[DigitalDrifter]

No, California has not been losing population, it's still growing. You might want to check your false sources.

Tho, I wish the population dropped because the traffic is horrible.

Get your facts straight Karen

New census estimates show which California counties are losing residents

California’s population continues to shrink, according to United States Census Bureau data. For the third straight year, people left California, according to government estimates. Since the d…

ktla.com

 

[jknowgood]

Google it, San Francisco commercial is down 75%.

 

[Harpy Eagle]

Google it, San Francisco commercial is down 75%.

Nothing on Google about that.

Found one that showed rates 3.6% above pre-COVID rates.

San Francisco Office Market Reports | Avison Young US

San Francisco office market reports for the latest San Francisco office real estate news & analysis. Get insights on commercial real estate office trends in the Greater San Francisco Area.

www.avisonyoung.us

Seems you just made it up

 

[jknowgood]

Nothing on Google about that.

Found one that showed rates 3.6% above pre-COVID rates.

San Francisco Office Market Reports | Avison Young US

San Francisco office market reports for the latest San Francisco office real estate news & analysis. Get insights on commercial real estate office trends in the Greater San Francisco Area.

www.avisonyoung.us

Seems you just made it up

That's funny I Google San Francisco commercial property value down 75% and it was on the first page.

 

[marvin martian]

A state that has been steadily losing population, according to the US Census Bureau, Link would have problems with people able to get housing because the demand is so high?

Amazingly, I have no doubt bodecea is dumb enough to believe that.

 

[Harpy Eagle]

That's funny I Google San Francisco commercial property value down 75% and it was on the first page.

Do a screen shot then or copy a few of the links because I think you are full of shit and are just too much of a coward
to admit it

 

[jknowgood]

Do a screen shot then or copy a few of the links because I think you are full of shit and are just too much of a coward
to admit it

Don't know how to do that. The article I saw said property at 350 California st in downtown San Francisco was selling for $250 million in 2020. Now it's selling for $60 million.

 

[Harpy Eagle]

Don't know how to do that. The article I saw said property at 350 California st in downtown San Francisco was selling for $250 million in 2020. Now it's selling for $60 million.

You are talking about the building that used to hold Union Bank.

Yes, that one sold for way under, but that is just one building, it is not logical to judge the whole market on one building.

 

[percysunshine]

NAACP Issues Travel Advisory in Florida

naacp.org

It is soo bad, the leaders live there...

 

[jknowgood]

You are talking about the building that used to hold Union Bank.

Yes, that one sold for way under, but that is just one building, it is not logical to judge the whole market on one building.

They said the market isn't good. I mean you got people living in the streets and they don't prosecute shoplifters anymore.

 

[Harpy Eagle]

They said the market isn't good. I mean you got people living in the streets and they don't prosecute shoplifters anymore.

I am sure the market is not good, commercial real estate is the next big bubble to pop.

But that is a tad different than commercial rental properties rent is down 75%, which was your original claim.

 

[jknowgood]

I am sure the market is not good, commercial real estate is the next big bubble to pop.

But that is a tad different than commercial rental properties rent is down 75%, which was your original claim.

In greenville SC there isn't enough commercial buildings to satisfy the demand. Right now anyway.

 

[Harpy Eagle]

In greenville SC there isn't enough commercial buildings to satisfy the demand. Right now anyway.

It is a small and somewhat growing town. Bigger cities that have lost workers to remote work are going to be hit hard and the companies that own the buildings even harder.

Commercial real estate market could crash soon. Hereâs why

The commercial real estate market could see prices fall 40% this year due to several headwinds including high interest rates and a possible credit crunch.

www.foxbusiness.com

 

[Harry Dresden]

Is that why commercial rental properties rent is down 75%? Liberalism destroys anything it touches.

75%.....you will have to prove that.....

 

[DigitalDrifter]

Nothing on Google about that.

Found one that showed rates 3.6% above pre-COVID rates.

San Francisco Office Market Reports | Avison Young US

San Francisco office market reports for the latest San Francisco office real estate news & analysis. Get insights on commercial real estate office trends in the Greater San Francisco Area.

www.avisonyoung.us

Seems you just made it up

It is however looking bleak in the near future.


BUSINESS

San Francisco Braces for Epic Commercial Real Estate Crash​

Imagine a slow-moving train coming towards you. The lights are shining, the horn is blaring, but it’s just far enough in the distance that the risk doesn’t seem real just yet.

That’s a fitting-enough analogy for the state of San Francisco's commercial real estate market, which is tilting towards a collapse in property values, leaving the city, its budget and its ability to provide services tied to the tracks.

The root of this—of course—is the pandemic and the way that it has completely transformed work patterns in the city, hollowing out a downtown core that once accounted for most of San Francisco’s GDP, 70% of its sales tax revenue and 40% of the city’s jobs. And there’s an uneasy feeling among a coalition of business groups that city leaders are sleepwalking into an economic calamity with far-reaching consequences.

San Francisco Braces for Epic Commercial Real Estate Crash

Empty downtown offices are collapsing in value, raising the risk of defaults and a punishing hit to the city’s tax base.

sfstandard.com

 

[Harpy Eagle]

It is however looking bleak in the near future.


BUSINESS

San Francisco Braces for Epic Commercial Real Estate Crash​

San Francisco Braces for Epic Commercial Real Estate Crash

Empty downtown offices are collapsing in value, raising the risk of defaults and a punishing hit to the city’s tax base.

sfstandard.com

Not just SanFran.

The commercial real estate debt bubble might do more damage to the country than defaulting on our debt will

 

[DigitalDrifter]

Not just SanFran.

The commercial real estate debt bubble might do more damage to the country than defaulting on our debt will

It's going to be bad everywhere, but already obscenely expensive places like California, will likely be hit the hardest.

 

[marvin martian]

Not just SanFran.

The commercial real estate debt bubble might do more damage to the country than defaulting on our debt will

Spoken like a true socialist.

 

[bodecea]

Some people only hear what they want to hear.

As for traffic, I understand why someone would stay somewhere else besides the Los Angeles metro area.

Most of the state has traffic issues.