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Florida Homeowners: What to Expect When You Live in a Tourist Hotspot

Lamacchia Realty

Also, property taxes can spike as municipalities capitalize on the booming local economy. However, renting storage in such areas alleviates the stress of cramped living space and offers a practical solution for managing belongings without the need to move or invest in larger, more expensive properties.

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The Ultimate Guide to Retiring in Florida: Tips for a Smooth Transition

Lamacchia Realty

Additionally, the state is no stranger to hurricanes, and it’s crucial to be prepared and have a plan, along with home insurance , in the event of severe weather. Consider housing prices, property taxes, healthcare costs, and everyday expenses like groceries and utilities.

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The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

If this latest turn of events plays out as written, we'll be able to look back at this era as a milestone where the supertanker began to turn in the wrong direction for the new development multi-family industry. Hit a declining market with more than 6 years of excess supply with a new high tax out of the blue and watch what happens.