Lived in Florida full-time from 1969 to 2020, yes it used to be a wonderful state, not overly political. Not crowded, beautiful weather, low cost of living. Yes, the jobs did not pay well even back then, but expenses matched income. Jump to 2020. No, the weather is not nice 9 months out of the year anymore, (First house we bought in the West Palm Beach area didn't even have AC, but we didn't miss it). Now because of the building over of every single green space the temperatures are unbearable, as is the traffic. And, I went through way too many hurricanes to mention. I gave up a beautiful townhouse in a gated community and moved to the mountains of North GA. I do not have to worry about a job as I'm not retired and a pension that has a 3% increase annually. All expenses are drastically lower, traffic is drastically lower. Yes, we have a few hot afternoons in the summer but in the mountains, it is cool in the morning and again as the sun goes down. No HOA, just a beautiful view of the lake and the mountains. Have not missed Florida since the day I left in 2020. PS I love the change of seasons and the colder weather.
FL is no longer a state for people who live on a moderate, fixed income. Unless you are upper class, or just plain wealthy, the average person, and the majority of retirees are beginning to find the state unaffordable.
Completely agree!! With elder parents living in FL, there’s the additional issue of getting them out when there is a hurricane approaching. Super stressful, heavy crowds on the highway, gotta make a split decision to drive a full day down there and another full day back to bring them to our house to ride it out. And then waiting for the power to come back on before returning, even if no damage. Had to do that twice this year!! It’s not the retirement nirvana it used to be - quite the opposite now.
I have been a snowbird going between NJ and FL. Purchased the home in FL in 2011 on the gulf coast. My FL homeowners & flood insurance plus the increase in property taxes has made FL more expensive (same value home) then in NJ. Today my property taxes and insurance runs $2k a month - in 2011 the cost was $600 a month.
Very surprising considering super high NJ property taxes. I just sold my NJ house which had "cheap" property taxes (for my affluent area) of $22,000 annually! However you couldn't pay me enough to live in FL for many reasons.
True of course to a certain extent. But you don’t get away from it if you rent. Landlords always pass on costs to the tenant. I know some who have sold and gone to a senior facility where they had to absorb 10 and 12% rent increases. Always better off with your own place. They left after their lease ran out and rebought another home. Truth is you never get away from inflation. Plan accordingly.
Hi Azul. Please add Texas to that list. Not just Florida. We are not sure we will retire here now because our home owners is so expensive, property taxes are 2.9%, and the overall cost of living is getting worse. Even with no state income tax, it can be more expensive in Texas than a state that has income tax. One must do a total cost of living calculation to really know the true long term cost. Sad state of affairs.
First, I would NEVER own a house in Florida. Those days are over. There are literally 1000’s of older building in South Florida that need to be retrofitted. The insurance companies will not touch them and the HOAs are completely underfunded. Many of them will default. Renting is fine and there are plenty of properties. Second, the weather is NOT nice 9 months out of the year. That’s nonsense. It’s nice about 4 months out the year. The rest of the time it’s humidity and mosquitos.
I live in Florida and being somewhat close to retirement thought about moving to Asheville NC, but guess what, that would have been a terrible decision given the current circumstances. You can’t avoid nature only hope you’re not completely devastated should something occur. Who knows, there could be some geological cataclysmic event which shifts the state of Florida to a more secure position and Northern states under Sea level, then what?
Lived there for 2 years. In the summer, you just run from one air-conditioned environment to the other, kinda like here in the winter where we run from one heated environment to the other.😅
PA is a great place to live as well. A heck of a lot colder in the winter but not quite as hot in the summer. But I agree that South Carolina is a great place to live as well.
I don’t see things that way. My wife and I moved to the Tampa area from Minnesota in 2016. Between then and when we retired the first of 2024 we saved a huge amount of money not paying MN’s 8% income tax. We love living here in a wonderful family neighborhood. Yes we had two hurricanes this year, but other than Irma in 2017, there hasn’t been any other risk to the west coast.
I'm in New Hampshire. Safest state in the country, no income taxes, no sales taxes. It does get really cold here but it does in Minnesota as well. I love having four seasons and the really low taxes don't hurt either. One of the other big factors is world-class healthcare an hour away in Boston; certainly a consideration as a senior. My mother lived in a place with a life expectancy of 92 years and she handily beat that.
I’m in NH as well. Having no sales tax or income tax is great until the property tax bill comes. We’re up to almost 30k/year. We just don’t want to deal with the NH winters anymore when we retire (in about 5 years). We have a place in Florida that we’ll be going to. We currently rent it full time so it doesn’t cost us anything to have it.
You also bought before the pandemic when prices tripled and should be grandfathered in for the homestead real estate tax, which means your real estate taxes are capped. I bought my retirement home in South Carolina in 2010 when I was in my 40’s and since 2020 it has now almost tripled in value. I’m retiring in 3 months and was planning to buy a place in Naples, but the places I was looking at before the pandemic now have tripled in cost, which means my real estate taxes would be triple also. Throw in the issues with getting insurance and having to deal with your roof being inspected or replaced every 7 years and it’s almost expensive as living in the suburbs of NYC. Florida, like South Carolina was a great buy until 2020, now not so much.
Like so many from the "North", I had always planned on eventually buying a place in FL for my retirement winters (not to stay all year, but a few month every winter as a way get away from "our" winters up North. Over the last few years however, after discussions with friends (of which some already have real estate in FL) and given the seemingly increased risk of those bigger hurricanes, I've since revisited this plan and simply want to rent for a few months at a time during winter. Still costly relatively speaking, but it remains a cheaper options than all the annual condo fees, improvement costs, regional tax costs and never ending increasing costs of insurances, etc (noting that all of these are indexed, sometimes way more than inflation). But, as important, we're not responsible for the cost of disasters or loss of value of the real estate itself AND we're keeping our flexibility to go elsewhere for parts of winter on any given year. There's value in this. The moneys I had saved up for this remains invested and brings a decent annual return which covers more than the few months of rental costs, (... and it's "indexed" because I'm only using a portion of the returns to pay for rental costs). My specific example; the place I rent for 2 months charges me $12,000 USD (yes, expensive, thus the "relatively costly" above mentioned, but pretty nice and well located). This condo's value, if purchased now, would go for $750,000 USD. At an avg 6% return, that money invested gives me, on avg, about $45,000 of which I use about $15,000 gross (to get the $12,000 needed to pay for rental) and the rest ($30,000) remains reinvested and is added to the base capital, bringing the total invested amount to $780,000 for the next year. That investment (assuming the same avg 6% return) will give me almost $46,800 in growth that year. At the same time, the condo owner may increase his rent by 5% for inflation to $12,600 (for 2 months), so a $600 more. But I've made $1,800 in incremental returns (or about $1,200 net). More than the actual rental increase. What I'm also being told is that this condo owner now has general costs of about $20,000 per year for all the condo fees, insurance and taxes (and that's without improvement costs he has to inject every so often (for roof repairs, widows, central A/C, elevators, etc..). As long as my cost of rent doesn't exceed the annual costs of owning (which all increase year over year), I'll rent, keep my freedom of choice of location, and have peace of mind. Add to this the specter of water level increasing (if it's a thing)... No thanks. Rental is fine.
Great example Robert. I'm glad it is working out so well for you. Thanks for taking the time to share your experience (and the thorough analysis). I'm sure your example will encourage others to consider renting instead of buying as well. 🙏 Azul
@@AzulWells I appreciate your insight for retirees, which I’m now. Return to basics, act now, avoid the frills and enjoy. Was fortunate enough to have had good advise when younger, so planned long ago and life was good to me… still is and I’m thankful every day for it. Retired mid 50’s and living comfortably and following your advices with my significant other. Thank you.
Just moved to Florida, Daytona Beach area. No problem getting insurance. Actually my homeowners was cheaper than Phoenix. Agent told me if you can see the ocean from your house, you can’t get coverage.
Florida has gotten problematic. The weird politicians, the insurance, the property tax, the out of control HOA, and the list goes on. Florida is no longer a place for middle income folks.
“Weird politicians” - that’s California. Insurance, every state is having issues and I’d suggest to you California is worse. HoA’s are everywhere and are just as bad/good everywhere.
We've been self-insured since 2000. We've had no expenses in that time that we would have made an insurance claim for. We live in an area where homeowners and car insurance is very low, particularly compared to Florida. Living in FL is different from being a snowbird though.
@@Alan-rt3semight want to check CA. You can’t even get insurance there. Most other places insurance is increasing. My point these things are not unique to Florida. If people want lower everything then move to Wyoming or somewhere else in the mid west.
@@Dottydawes Not unique to Florida, but higher premiums/inability to get insurance is all about risk. Insurers constantly gather and analyse data to decide what properties they will insure and on what terms. They’ve been withdrawing from (and repricing) high climate risk areas for years, including CA. That’s why Citizens insurance was introduced in Florida. V high risk. Guess those crazy old insurance companies are in the ‘cult’ too.
I thought about retiring in Florida, but I found on Airbnb that most condo's can be rented for an entire month. No property tax, no insurance, and if you want to go to another area you just change it up.
I went from Long Island, NY to florida in 1985. I love Florida, nice weather, always something to do, live music, beaches , good food, festivals, etc. Yes, insurance is expensive depending on your home and where it is, taxes aren’t bad at all compared to Other states plus no state tax, and tax wise great for retirees. It’s also a FREE STATE and a RED STATE as well
No state tax but taxed on every single thing you buy. Unlike other states. Overall from a tax standpoint, living there saves you nothing. Your insurance is worse than most states. Add to that the fact that it's red, no way.
That's one big thing I like about FL. The governor, DeSantis abides by the constitution and laws on the books. This is something you don't find in states like NY, CA and IL.
Preach brother!!! As a life long Florida resident and now retired, I would love it if you’d scare some of these new (or potential) residents back where they came from!
i had always dreamed of Florida/ arizona/texas retirement, but its gotten 2 expensive! I retired Oct 30, 2024 and moved with my Thai wife to Thailand! renting a 3 br 2 bath home for $288 a month. just got the first electric bill it was a few pennies over $50. We eat out 2 means a day lunch or dinner can average $12 to $20 for the two of us. World class hospital in Hua Hin, we are in Prachuap Khiri Khan. good luck to all!
Yep. I’m a NYer and Florida, in my opinion, is a terrible investment. The weather is one reason, the political situation in that state is another. Plus, the whole state is basically a giant nursing home.
Florida has been in the path of hurricanes since time immemorial. If it were such a bad place to retire, it would never have become such a destination. Something has changed more recently with insurance companies, and you don't have to live in Florida to know it. Homeowners insurance, health insurance, and auto insurance are all getting unreasonably expensive. We need some sanity in this system.
You must be careful about what and where you buy. Backup batteries or generator is important incase you lose power the AC needs to stay on to stop mold.
The sea level is not rising. They have been measuring sea level in Stockholm harbor for several hundred years. Practically no change. You can also go to the Philippines around limestone outcroppings in bays. The ocean has been lapping the same area for hundreds of years. Do you believe everything the MSM puppets tell you? All coastal areas were supposed to be under water according to Al Gore, decades ago.
@@RyanBerich-u1wI live on the water and it isn’t rising. Since the biggest proponent of Global warming was Al Gore can you explain to me that if he truly believed it - why did he buy a house on the Ocean? Same question about Obama, but he bought two properties on the water.
I've been going to Mexico Beach, FL twice a year for about 20 years, hoping to live there or in nearby Port St Joe in retirement. Since I won't be doing that now, and with the money I've been putting away for that purpose, I just retired earlier than I planned last week instead. I'll be better off just renting a house for a month or two each year instead of buying. But I do love it there.
We were thinking about following neighbors down to St Petersburg. Even before the latest storms we changed our minds and decided to retire to outer part of Cape Cod. We will travel during the coldest and wettest part of the winter/spring. Plus, the summer fall on the Cape Cod are amazing.
Azul, I live on Staten Island, about 13 miles away from where you are in this video, and Hurricane Sandy changed our flood zones and my homeowner insurance hit the roof. 13 years ago and they haven’t changes the zones. Meanwhile, my area didn’t flood 😡
I am a Florida native retired now. My family has been in Florida for over a hundred years. My home is paid off. But I pay about 4K for insurance per year for a modest house. About the same for car insurance. In Florida that is also outrageous.I just spent about 30K in home repairs over the last two years. The homes in Orlando are about half a million just for a working class house. The area is full of homeless people because an apartment cost about 2K while the average salary is about 36K per year, My children and grand children are close by. If not for that I sell and relocate to another state. I make in retirement a low 6 figure income before investment income. Unless you are packing a lot of money and or have family in the area not so desirable to retire to any more. My wife's Georgia is a better choice, lower cost of living and weather is close to Florida's weather.
My taxes have been very steady. Not sure what your evidence is on that issue. My biggest concern is property taxes and auto insurance as well as my water bill. I hope you keep putting out negative Florida videos to get a lot of people to move out to give us some breathing space.
I'm in SW Florida for the winter. The building going on is insane. We built our home in 2018. Its doubled in value. The new building Florida codes are VERY good. Our home is on the water and had very little damage from Ian. The last two storms this year also did no damage. My taxes are almost half of what we pay to live on the water in NJ. My heating bill in NJ is high this year. Florida has no state income tax. Look what happen up in the mountain's in South Carolina. No place is 100% safe. If you can afford Florida and you want warm, south Florida is a good choice.
I live in Florida.....and have been here for over 10 years. We are retired 62/59.....we would never leave Florida. We have dealt with 2 hurricanes and haven't had any issues with damage or insurance coverage. I wish more people would listen to residents here and not those who don't. Florida is awesome.....👍.....don't buy into the fear!
@@EnthusiasmisgoodI agree with him and I’m in the Daytona Beach area. Nearly every state has issues, me, Florida covers nearly all my needs but it isn’t perfect - no place is.
It’s not “fear”. It’s simply preference and opinions. And if you’ve only lived in FL for 10 years, you have little idea about what Florida really was, is, and becoming. Additionally, where you live does not represent the entire state.
the homeowners insurance nightmare in FL is just getting started. draconian regulations trying to keep premiums down work until the insurers decide to leave. FL is great for vacationing, though.
Nope. They have worked out a fix but there is still a lot of litigation to handle first. Should see some relief this year. I know that my insurance went up 40% two years ago but last year it only went up by $60. So I’m hoping we don’t get a huge increase this coming year. If so, we may self insure. Our house has been here since the 1950’s and never had any damage.
I’ve lived in Florida for 40 years. Miami to be exact. I can’t wait to leave. The traffic and heat have become unbearable. There’s no real sense of community, as everyone here is from someplace else, and people and drivers are NOT KIND to each other. I’ll be leaving for moderate weather, seasons, a kind community, and better affordability.
Retire in the Philippines. Live like a king on $2,500/mo (150,000 pesos per month). I own 3 rentals in FL generating a NET income of $3k/mo. I retired in Manila last year at age 58. I also have a house in Las Vegas. I will go back to LV next year and turn that into a rental as well.
I plan to sell my house when I retire and invest the money. I will use the earnings to rent. That way I am not tied down and someone else can deal with maintenance and. Insurance.
I've lived in Tampa for 5 years so far, and been affected by 3 hurricanes in 5 years. I guess you are saying that Hurricane Helene did not come ashore until later, but hundreds of homeowners in the Tampa area had their homes flooded by Helene, even if it wasn't a direct hit.
Nassau County Yulee Florida is too expensive overall no more large bang for your buck on houses. Plus HOA stinks actually my state of NJ is reasonable with tax rebates and property tax freezes at 62 y/o. Also the medical care choice isn't as robust as NJ.
Nothing at all wrong with Florida. If you live by the water, if you live in a mobile home, If you live in an old home what do you expect. Every state has problems. Florida is a very rich state well run and safe!
I haven’t watched the video yet but I would suspect the political leaders determined to destroy the state, the storms, the lack of ability to get insurance, the fact that it will be underwater around the time you would likely need to sell, and a few other problems may make it non ideal.
I retired in Thailand, I have been here 4 years already, I am going back to USA in 14 months to sell my house and come back here . Cheap health ins, good food, can be stressful also though, dealing with immigration, language barrier, but overall good.
Florida GOP told all govt worker they are not allowed to say the words "Global Warming or Climate change" now reality sets in and their management of the state in in complete disarray. Let governor DeSantis keep picking woke fights with almost everyone, banning books and abortion fights with Disney etc etc. When your officials would rather bury the truth than work on solutions. It will be a VERY tough year for Floridians but what. the hell, it's what they voted for. I got out early.
@@DottydawesI would guess the writer means the reality of climate change. Turns out that saying it isn’t happening doesn’t make it go away. That seems to be impacting property prices there. Isn’t that what this clip is about.
The click bait title of your video is such crap. MOVE OUT NOW! RUN! GET OUT WHILE YOU CAN! You can put that title on any state you talk about. Pros and cons everywhere.
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I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
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Lived in Florida full-time from 1969 to 2020, yes it used to be a wonderful state, not overly political. Not crowded, beautiful weather, low cost of living. Yes, the jobs did not pay well even back then, but expenses matched income. Jump to 2020. No, the weather is not nice 9 months out of the year anymore, (First house we bought in the West Palm Beach area didn't even have AC, but we didn't miss it). Now because of the building over of every single green space the temperatures are unbearable, as is the traffic. And, I went through way too many hurricanes to mention.
I gave up a beautiful townhouse in a gated community and moved to the mountains of North GA. I do not have to worry about a job as I'm not retired and a pension that has a 3% increase annually.
All expenses are drastically lower, traffic is drastically lower. Yes, we have a few hot afternoons in the summer but in the mountains, it is cool in the morning and again as the sun goes down. No HOA, just a beautiful view of the lake and the mountains. Have not missed Florida since the day I left in 2020. PS I love the change of seasons and the colder weather.
FL is no longer a state for people who live on a moderate, fixed income. Unless you are upper class, or just plain wealthy, the average person, and the majority of retirees are beginning to find the state unaffordable.
Completely agree!! With elder parents living in FL, there’s the additional issue of getting them out when there is a hurricane approaching. Super stressful, heavy crowds on the highway, gotta make a split decision to drive a full day down there and another full day back to bring them to our house to ride it out. And then waiting for the power to come back on before returning, even if no damage. Had to do that twice this year!! It’s not the retirement nirvana it used to be - quite the opposite now.
FL is oppressive for 8 months of the year. And that's generous. Air conditioned space to air conditioned space is no way to live.
Two other problems in Florida: auto insurance rates and condo towers with really expensive structural issues.
I have been a snowbird going between NJ and FL. Purchased the home in FL in 2011 on the gulf coast. My FL homeowners & flood insurance plus the increase in property taxes has made FL more expensive (same value home) then in NJ. Today my property taxes and insurance runs $2k a month - in 2011 the cost was $600 a month.
Wow
I’d be gone
Don't move to NC. We are full of halfbacks. Got no more room.
@@jessegarman7899 Plus you now have Belichick for 5 years.
Very surprising considering super high NJ property taxes. I just sold my NJ house which had "cheap" property taxes (for my affluent area) of $22,000 annually! However you couldn't pay me enough to live in FL for many reasons.
It's such a wonderful day when you finally own your home, but you soon realize that repairs and maintenance actually mean the home owns you.
True of course to a certain extent. But you don’t get away from it if you rent. Landlords always pass on costs to the tenant. I know some who have sold and gone to a senior facility where they had to absorb 10 and 12% rent increases. Always better off with your own place. They left after their lease ran out and rebought another home. Truth is you never get away from inflation. Plan accordingly.
If you have owned a home for any longer length of time you have likely done very well. You probably should have bought a rental property too.
The HOA’s are evil and run by people who probably couldn’t run a lemonade stand. Avoid at all costs!
Hi Azul. Please add Texas to that list. Not just Florida. We are not sure we will retire here now because our home owners is so expensive, property taxes are 2.9%, and the overall cost of living is getting worse. Even with no state income tax, it can be more expensive in Texas than a state that has income tax. One must do a total cost of living calculation to really know the true long term cost. Sad state of affairs.
First, I would NEVER own a house in Florida. Those days are over. There are literally 1000’s of older building in South Florida that need to be retrofitted. The insurance companies will not touch them and the HOAs are completely underfunded. Many of them will default. Renting is fine and there are plenty of properties. Second, the weather is NOT nice 9 months out of the year. That’s nonsense. It’s nice about 4 months out the year. The rest of the time it’s humidity and mosquitos.
Yes when I visit my daughter in Yulee it's mostly always hot so we visit in the Fall.
I live in Florida and being somewhat close to retirement thought about moving to Asheville NC, but guess what, that would have been a terrible decision given the current circumstances. You can’t avoid nature only hope you’re not completely devastated should something occur. Who knows, there could be some geological cataclysmic event which shifts the state of Florida to a more secure position and Northern states under Sea level, then what?
I travel to Florida quite often for business and the humidity in the summer alone will keep me from moving there.
Lived there for 2 years. In the summer, you just run from one air-conditioned environment to the other, kinda like here in the winter where we run from one heated environment to the other.😅
Yes we have humidity in Florida, but I don't have to shovel it and I've never slipped on it. 😂
Happily living in South Carolina. We don’t miss the Philly PA area one bit.
PA is a great place to live as well. A heck of a lot colder in the winter but not quite as hot in the summer. But I agree that South Carolina is a great place to live as well.
I don’t see things that way. My wife and I moved to the Tampa area from Minnesota in 2016. Between then and when we retired the first of 2024 we saved a huge amount of money not paying MN’s 8% income tax. We love living here in a wonderful family neighborhood.
Yes we had two hurricanes this year, but other than Irma in 2017, there hasn’t been any other risk to the west coast.
You're forgetting Hurricane Ian in 2022.
I'm in New Hampshire. Safest state in the country, no income taxes, no sales taxes. It does get really cold here but it does in Minnesota as well. I love having four seasons and the really low taxes don't hurt either. One of the other big factors is world-class healthcare an hour away in Boston; certainly a consideration as a senior. My mother lived in a place with a life expectancy of 92 years and she handily beat that.
I’m in NH as well. Having no sales tax or income tax is great until the property tax bill comes. We’re up to almost 30k/year. We just don’t want to deal with the NH winters anymore when we retire (in about 5 years). We have a place in Florida that we’ll be going to. We currently rent it full time so it doesn’t cost us anything to have it.
You also bought before the pandemic when prices tripled and should be grandfathered in for the homestead real estate tax, which means your real estate taxes are capped. I bought my retirement home in South Carolina in 2010 when I was in my 40’s and since 2020 it has now almost tripled in value. I’m retiring in 3 months and was planning to buy a place in Naples, but the places I was looking at before the pandemic now have tripled in cost, which means my real estate taxes would be triple also. Throw in the issues with getting insurance and having to deal with your roof being inspected or replaced every 7 years and it’s almost expensive as living in the suburbs of NYC. Florida, like South Carolina was a great buy until 2020, now not so much.
Like so many from the "North", I had always planned on eventually buying a place in FL for my retirement winters (not to stay all year, but a few month every winter as a way get away from "our" winters up North. Over the last few years however, after discussions with friends (of which some already have real estate in FL) and given the seemingly increased risk of those bigger hurricanes, I've since revisited this plan and simply want to rent for a few months at a time during winter. Still costly relatively speaking, but it remains a cheaper options than all the annual condo fees, improvement costs, regional tax costs and never ending increasing costs of insurances, etc (noting that all of these are indexed, sometimes way more than inflation). But, as important, we're not responsible for the cost of disasters or loss of value of the real estate itself AND we're keeping our flexibility to go elsewhere for parts of winter on any given year. There's value in this.
The moneys I had saved up for this remains invested and brings a decent annual return which covers more than the few months of rental costs, (... and it's "indexed" because I'm only using a portion of the returns to pay for rental costs). My specific example; the place I rent for 2 months charges me $12,000 USD (yes, expensive, thus the "relatively costly" above mentioned, but pretty nice and well located). This condo's value, if purchased now, would go for $750,000 USD. At an avg 6% return, that money invested gives me, on avg, about $45,000 of which I use about $15,000 gross (to get the $12,000 needed to pay for rental) and the rest ($30,000) remains reinvested and is added to the base capital, bringing the total invested amount to $780,000 for the next year. That investment (assuming the same avg 6% return) will give me almost $46,800 in growth that year. At the same time, the condo owner may increase his rent by 5% for inflation to $12,600 (for 2 months), so a $600 more. But I've made $1,800 in incremental returns (or about $1,200 net). More than the actual rental increase. What I'm also being told is that this condo owner now has general costs of about $20,000 per year for all the condo fees, insurance and taxes (and that's without improvement costs he has to inject every so often (for roof repairs, widows, central A/C, elevators, etc..). As long as my cost of rent doesn't exceed the annual costs of owning (which all increase year over year), I'll rent, keep my freedom of choice of location, and have peace of mind. Add to this the specter of water level increasing (if it's a thing)... No thanks. Rental is fine.
Great example Robert. I'm glad it is working out so well for you. Thanks for taking the time to share your experience (and the thorough analysis). I'm sure your example will encourage others to consider renting instead of buying as well. 🙏 Azul
Amazing. Do you have significant moving expenses?
@@AzulWells I appreciate your insight for retirees, which I’m now. Return to basics, act now, avoid the frills and enjoy. Was fortunate enough to have had good advise when younger, so planned long ago and life was good to me… still is and I’m thankful every day for it. Retired mid 50’s and living comfortably and following your advices with my significant other. Thank you.
Why is Florida growing so fast? Over a thousand people a day are moving to Florida... It is a very fun and active area.
Like anywhere else, there are pros and cons.
DOn't move to NC either. We are totally full up.
😂
Just moved to Florida, Daytona Beach area. No problem getting insurance. Actually my homeowners was cheaper than Phoenix. Agent told me if you can see the ocean from your house, you can’t get coverage.
Just wait your turn is coming I’ve been here for 7 years
Everyone is welcome to come to Wisconsin! Cheap liquor and plenty of fresh water. If you love cold weather you will love it here.
Florida has gotten problematic. The weird politicians, the insurance, the property tax, the out of control HOA, and the list goes on. Florida is no longer a place for middle income folks.
“Weird politicians” - that’s California. Insurance, every state is having issues and I’d suggest to you California is worse. HoA’s are everywhere and are just as bad/good everywhere.
Bye! We won’t miss you!
We moved to The Villages in central FL and wouldn’t change it for a thing. Insurance is going up everywhere.
Homeowners insurance is going up in FL a lot faster than in other states. Because of the hurricanes and flooding risk.
We've been self-insured since 2000. We've had no expenses in that time that we would have made an insurance claim for. We live in an area where homeowners and car insurance is very low, particularly compared to Florida. Living in FL is different from being a snowbird though.
@@Alan-rt3semight want to check CA. You can’t even get insurance there. Most other places insurance is increasing. My point these things are not unique to Florida. If people want lower everything then move to Wyoming or somewhere else in the mid west.
@@Dottydawes Not unique to Florida, but higher premiums/inability to get insurance is all about risk. Insurers constantly gather and analyse data to decide what properties they will insure and on what terms. They’ve been withdrawing from (and repricing) high climate risk areas for years, including CA. That’s why Citizens insurance was introduced in Florida. V high risk. Guess those crazy old insurance companies are in the ‘cult’ too.
I thought about retiring in Florida, but I found on Airbnb that most condo's can be rented for an entire month. No property tax, no insurance, and if you want to go to another area you just change it up.
Florida was never supposed to be built up like it is today. Please Google or type sinking buildings along Florida coastline on UA-cam.
I went from Long Island, NY to florida in 1985. I love Florida, nice weather, always something to do, live music, beaches , good food, festivals, etc. Yes, insurance is expensive depending on your home and where it is, taxes aren’t bad at all compared to
Other states plus no state tax, and tax wise great for retirees. It’s also a FREE STATE and a RED STATE as well
It’s free for some people, not all.
No state tax but taxed on every single thing you buy. Unlike other states. Overall from a tax standpoint, living there saves you nothing. Your insurance is worse than most states. Add to that the fact that it's red, no way.
And we are going to deport many of the people that fix these houses, sure that will not cause more Inflation!
That's one big thing I like about FL. The governor, DeSantis abides by the constitution and laws on the books. This is something you don't find in states like NY, CA and IL.
Why not let another million or two in…. They can fix everything.
@@Dottydawesis this sarcasm 🤔
Florida is a great place to visit for a few days; but I wouldn't live there even if you gave me a house.
Preach brother!!! As a life long Florida resident and now retired, I would love it if you’d scare some of these new (or potential) residents back where they came from!
i had always dreamed of Florida/ arizona/texas retirement, but its gotten 2 expensive! I retired Oct 30, 2024 and moved with my Thai wife to Thailand! renting a 3 br 2 bath home for $288 a month. just got the first electric bill it was a few pennies over $50. We eat out 2 means a day lunch or dinner can average $12 to $20 for the two of us. World class hospital in Hua Hin, we are in Prachuap Khiri Khan. good luck to all!
Yep. I’m a NYer and Florida, in my opinion, is a terrible investment. The weather is one reason, the political situation in that state is another. Plus, the whole state is basically a giant nursing home.
Agreed! Retire to south central PA, Lancaster or York Counties!
Lancaster and many of the small boroughs are great places to live. Gettysburg, just west of York, is also a great small city.
@@RyanBerich-u1w With lots of Civil War history too.
The Alabama Gulf Coast (Baldwin County) is an excellent place to retire. Home prices are reasonable, taxes, insurance and utilities are low.
Florida has been in the path of hurricanes since time immemorial.
If it were such a bad place to retire, it would never have become such a destination. Something has changed more recently with insurance companies, and you don't have to live in Florida to know it. Homeowners insurance, health insurance, and auto insurance are all getting unreasonably expensive. We need some sanity in this system.
You must be careful about what and where you buy. Backup batteries or generator is important incase you lose power the AC needs to stay on to stop mold.
Don’t forget the sinkholes and sea level rise.
Oh no…. Please tell me when it’s going to start rising - I need to prepare since the water is about 20ft from my house.
The state government denies the sea level is rising so that is not a problem. Not sure if they deny the existence of the sink holes.
The sea level is not rising. They have been measuring sea level in Stockholm harbor for several hundred years. Practically no change. You can also go to the Philippines around limestone outcroppings in bays. The ocean has been lapping the same area for hundreds of years. Do you believe everything the MSM puppets tell you? All coastal areas were supposed to be under water according to Al Gore, decades ago.
@@RyanBerich-u1wI live on the water and it isn’t rising.
Since the biggest proponent of Global warming was Al Gore can you explain to me that if he truly believed it - why did he buy a house on the Ocean? Same question about Obama, but he bought two properties on the water.
Yes…and yet these climate people buy properties right next to the water. 🙄
I've been going to Mexico Beach, FL twice a year for about 20 years, hoping to live there or in nearby Port St Joe in retirement. Since I won't be doing that now, and with the money I've been putting away for that purpose, I just retired earlier than I planned last week instead. I'll be better off just renting a house for a month or two each year instead of buying. But I do love it there.
We were thinking about following neighbors down to St Petersburg. Even before the latest storms we changed our minds and decided to retire to outer part of Cape Cod. We will travel during the coldest and wettest part of the winter/spring. Plus, the summer fall on the Cape Cod are amazing.
Azul, I live on Staten Island, about 13 miles away from where you are in this video, and Hurricane Sandy changed our flood zones and my homeowner insurance hit the roof. 13 years ago and they haven’t changes the zones. Meanwhile, my area didn’t flood 😡
I don’t understand the appeal of FL. The weather and sunsets are nice, but It’s way too flat for my liking.
The weather is nice 5-6 months of the year only.
I am a Florida native retired now. My family has been in Florida for over a hundred years. My home is paid off. But I pay about 4K for insurance per year for a modest house. About the same for car insurance. In Florida that is also outrageous.I just spent about 30K in home repairs over the last two years. The homes in Orlando are about half a million just for a working class house. The area is full of homeless people because an apartment cost about 2K while the average salary is about 36K per year, My children and grand children are close by. If not for that I sell and relocate to another state. I make in retirement a low 6 figure income before investment income. Unless you are packing a lot of money and or have family in the area not so desirable to retire to any more. My wife's Georgia is a better choice, lower cost of living and weather is close to Florida's weather.
Jamie is a pro mentor on trade
He's mostly on Telegrams, using the user name.
JAMESD 675 💯 that's it
Maddison Hope I can start with 20k?
20k is a perfect start.
My taxes have been very steady. Not sure what your evidence is on that issue. My biggest concern is property taxes and auto insurance as well as my water bill. I hope you keep putting out negative Florida videos to get a lot of people to move out to give us some breathing space.
It's not going to stop people from moving to FL.
Zul, what about northern Florida? Wouldn't that be cheaper?
I'm in SW Florida for the winter. The building going on is insane. We built our home in 2018. Its doubled in value. The new building Florida codes are VERY good. Our home is on the water and had very little damage from Ian. The last two storms this year also did no damage. My taxes are almost half of what we pay to live on the water in NJ. My heating bill in NJ is high this year. Florida has no state income tax. Look what happen up in the mountain's in South Carolina. No place is 100% safe. If you can afford Florida and you want warm, south Florida is a good choice.
I live in Florida.....and have been here for over 10 years. We are retired 62/59.....we would never leave Florida. We have dealt with 2 hurricanes and haven't had any issues with damage or insurance coverage. I wish more people would listen to residents here and not those who don't. Florida is awesome.....👍.....don't buy into the fear!
@markmiller3145 doesn’t say where he is.
@@EnthusiasmisgoodI agree with him and I’m in the Daytona Beach area. Nearly every state has issues, me, Florida covers nearly all my needs but it isn’t perfect - no place is.
Another apocryphal story about one person’s experience. Good for you but you don’t speak for the entire state.
Too darn hot for me
It’s not “fear”. It’s simply preference and opinions. And if you’ve only lived in FL for 10 years, you have little idea about what Florida really was, is, and becoming. Additionally, where you live does not represent the entire state.
There are no problems getting a homeowner's insurance, just buy inland, and buy homes that are built to code (newer homes are all built to code).
Insurance is very expensive inland as well
@ its the same as in most other states, 1500 to 2500 per year, with a 2% deductible.
@@onionpeeler2023 not true.
@@malanalan1 believe whatever you want.
I heard the FL natives would be getting a discount and those who moved from NY would have an increase.
the homeowners insurance nightmare in FL is just getting started. draconian regulations trying to keep premiums down work until the insurers decide to leave. FL is great for vacationing, though.
Nope. They have worked out a fix but there is still a lot of litigation to handle first. Should see some relief this year. I know that my insurance went up 40% two years ago but last year it only went up by $60. So I’m hoping we don’t get a huge increase this coming year. If so, we may self insure. Our house has been here since the 1950’s and never had any damage.
I’ve lived in Florida for 40 years. Miami to be exact. I can’t wait to leave. The traffic and heat have become unbearable. There’s no real sense of community, as everyone here is from someplace else, and people and drivers are NOT KIND to each other. I’ll be leaving for moderate weather, seasons, a kind community, and better affordability.
Florida is a great place if you are already here. But trying to move here and find a place and find work and afford everything is hard to do.
How did Jerry Pinkas hijack Azul's account?
California is without a doubt the best state in USA !
All year mild beautiful weather.
Congratulations! You didn't get mugged in New York City.😂
Multiple siblings living in Manhattan, all for 40-50 years. Not one of them ever had any trouble whatsoever. Don't buy into the stereotype.
@Amy-hs1qe grow up in the South Bronx like I did and you'd change your tune
Retire in the Philippines. Live like a king on $2,500/mo (150,000 pesos per month).
I own 3 rentals in FL generating a NET income of $3k/mo. I retired in Manila last year at age 58. I also have a house in Las Vegas. I will go back to LV next year and turn that into a rental as well.
Axil, like most of your posts but I think you are wrong on this. Yes Florida has issues but so do most places.
I plan to sell my house when I retire and invest the money. I will use the earnings to rent. That way I am not tied down and someone else can deal with maintenance and. Insurance.
Azul. What the heck are you doing in NY? Not used to seeing you there lol.
I’ve lived in Florida for twenty years. You are right it’s horrible here, no one should move to Florida😂
who would???
The hurricanes have been in the gulf
I've lived in Tampa for 5 years so far, and been affected by 3 hurricanes in 5 years. I guess you are saying that Hurricane Helene did not come ashore until later, but hundreds of homeowners in the Tampa area had their homes flooded by Helene, even if it wasn't a direct hit.
Live in Daytona Beach - we had 3 in 2 years yes Cat1-2 but they were hurricanes.
Nassau County Yulee Florida is too expensive overall no more large bang for your buck on houses. Plus HOA stinks actually my state of NJ is reasonable with tax rebates and property tax freezes at 62 y/o. Also the medical care choice isn't as robust as NJ.
The NJ tax freezes are only available to those below a certain income.
NYC def riskier
don't sendem half back. sendem to your neighborhood.
Nothing at all wrong with Florida. If you live by the water, if you live in a mobile home, If you live in an old home what do you expect. Every state has problems. Florida is a very rich state well run and safe!
I haven’t watched the video yet but I would suspect the political leaders determined to destroy the state, the storms, the lack of ability to get insurance, the fact that it will be underwater around the time you would likely need to sell, and a few other problems may make it non ideal.
Don't walk close to a Florida condo. It may fall on you. Or at least wear a helmet.
Welcome to ny Azul 🙂
Hurricane proof house, no insurance.
What's ur opinion retire in asia?
Not a bad idea
I retired in Thailand, I have been here 4 years already, I am going back to USA in 14 months to sell my house and come back here . Cheap health ins, good food, can be stressful also though, dealing with immigration, language barrier, but overall good.
@@tk4c415 what part of Thailand?
FL is a RED state, so that alone is a HUGE Plus.
Until the next gubernatorial election
Too late. They are already here.
I couldn't agree more. There is nothing appealing about Florida.
No chance of me moving to Florida. It is a daily disaster of meth, MAGA morons, rising sea levels, attacks on the education system, and hurricanes.
I hope all of the Florida haters move somewhere else so that I can go there in peace and ride my bike on the A1A without traffic.
True Florida is over
Agree! Please stay away from Florida 😎🌴🇺🇸
Florida GOP told all govt worker they are not allowed to say the words "Global Warming or Climate change" now reality sets in and their management of the state in in complete disarray. Let governor DeSantis keep picking woke fights with almost everyone, banning books and abortion fights with Disney etc etc. When your officials would rather bury the truth than work on solutions. It will be a VERY tough year for Floridians but what. the hell, it's what they voted for. I got out early.
Bullshit climate scam
What “ reality” are you talking about?
I work for the state of Florida and I have not heard of such craziness.
@@DottydawesI would guess the writer means the reality of climate change. Turns out that saying it isn’t happening doesn’t make it go away. That seems to be impacting property prices there. Isn’t that what this clip is about.
Precisely. As a Floridian it's getting harder to insurance your home. @Enthusiasmisgood
The click bait title of your video is such crap. MOVE OUT NOW! RUN! GET OUT WHILE YOU CAN!
You can put that title on any state you talk about. Pros and cons everywhere.
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Weather? Add that to the mountain of other reasons not to live in that crap state.