The skyrocketing cost of insurance premiums in Florida is leading residents to drop their insurance, consider selling their home, and even move out of the state, according to recent reports.
For years now, the sunny, vibrant state has been a magnetic destination for many Americans—a phenomenon which has been driving up demand for housing, especially during the pandemic, as well as home prices.
But while Florida was the number one state in the country that people moved to in 2022, it was also the one with the highest number of residents wanting to relocate, according to a SelfStorage.
Why would they crash? Build 2 Rent is a massive industry that’s just getting started.
I was kind of joking, but I did see this recently which made me wonder if the institutional buyers/investors thing is a bit overhyped and coming to an end not that far into the future:
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