[Corrie22]

Coral Gables Estates is #1 with a average house price $19 million....

let that one sink in


"Seven of the ten most expensive neighborhoods in America are now in Florida, with one Coral Gables' Gables Estates topping the list. The average property in the Gables Estates' neighborhood runs around $19.14million. "

"Joining Gables Estates in the Florida stable of neighborhoods needing serious cash to move in are: Naples' Port Royal ($16.49 million), Coral Gables' Old Cutler Bay ($10.22M), Miami Beach's Rivo Alto Island ($9.1M), Jupiter's Bear's Club ($8.99M), Naples' Aqualane Shore ($8.88M) and Miami Beach's San Marino Island ($8.84M)."

https://www.dailymail.co.uk/news/art...s-Florida.html

[kidyankee764]

Crazy how Florida has changed, particularly the southern counties on the peninsula. The only downside is this is quickly turning into a state of the haves vs have nots.

[Ghaati]

Originally Posted by kidyankee764

Crazy how Florida has changed, particularly the southern counties on the peninsula. The only downside is this is quickly turning into a state of the haves vs have nots.

That's a pretty big downside. Consider:

Colleges and universities being reliant on students from all income levels. How are the grad students on scholarships and grants going to be able to afford their higher education in Florida, if they can't afford the rent?

All those entry level jobs for career-path employees. If they can't afford to buy a home until they're already wealthy, then who will be working in those jobs? SOMEONE has to do the work. SOMEONE has to be a secretary, a mail-room attendant, a help desk associate.

Obviously people who are just starting out in the work world, who are more than willing to work two or three part-time jobs and share space with a house-mate - but if the homes within reasonable driving distance to the jobs are priced for the wealthy, those burger-flippers will find their minimum wage job - AND their home - somewhere else. What happens when the drive-through line goes halfway around the block because no one can afford to work at these jobs and still pay their bills?

[kidyankee764]

Originally Posted by Ghaati

That's a pretty big downside. Consider:

Colleges and universities being reliant on students from all income levels. How are the grad students on scholarships and grants going to be able to afford their higher education in Florida, if they can't afford the rent?

All those entry level jobs for career-path employees. If they can't afford to buy a home until they're already wealthy, then who will be working in those jobs? SOMEONE has to do the work. SOMEONE has to be a secretary, a mail-room attendant, a help desk associate.

Obviously people who are just starting out in the work world, who are more than willing to work two or three part-time jobs and share space with a house-mate - but if the homes within reasonable driving distance to the jobs are priced for the wealthy, those burger-flippers will find their minimum wage job - AND their home - somewhere else. What happens when the drive-through line goes halfway around the block because no one can afford to work at these jobs and still pay their bills?

And that’s exactly why we left Los Angeles after a short stint there. Unfortunately, I see the same happening here.

[gypsychic]

Originally Posted by kidyankee764

And that’s exactly why we left Los Angeles after a short stint there. Unfortunately, I see the same happening here.

I was just going to say - that's what happened in California. Sadly it looks like Florida is becoming the next California....

[cfbs2691]

Originally Posted by Ghaati

That's a pretty big downside. Consider:

Colleges and universities being reliant on students from all income levels. How are the grad students on scholarships and grants going to be able to afford their higher education in Florida, if they can't afford the rent?

All those entry level jobs for career-path employees. If they can't afford to buy a home until they're already wealthy, then who will be working in those jobs? SOMEONE has to do the work. SOMEONE has to be a secretary, a mail-room attendant, a help desk associate.

Obviously people who are just starting out in the work world, who are more than willing to work two or three part-time jobs and share space with a house-mate - but if the homes within reasonable driving distance to the jobs are priced for the wealthy, those burger-flippers will find their minimum wage job - AND their home - somewhere else. What happens when the drive-through line goes halfway around the block because no one can afford to work at these jobs and still pay their bills?

Excellent post and something too many don’t understand

[firmbizzle]

Originally Posted by Ghaati

That's a pretty big downside. Consider:

Colleges and universities being reliant on students from all income levels. How are the grad students on scholarships and grants going to be able to afford their higher education in Florida, if they can't afford the rent?

All those entry level jobs for career-path employees. If they can't afford to buy a home until they're already wealthy, then who will be working in those jobs? SOMEONE has to do the work. SOMEONE has to be a secretary, a mail-room attendant, a help desk associate.

Obviously people who are just starting out in the work world, who are more than willing to work two or three part-time jobs and share space with a house-mate - but if the homes within reasonable driving distance to the jobs are priced for the wealthy, those burger-flippers will find their minimum wage job - AND their home - somewhere else. What happens when the drive-through line goes halfway around the block because no one can afford to work at these jobs and still pay their bills?

Kids are literally living in coffins (Pods) down there. 8 people in a 2 bedroom apt.

[shamrock4]

We enjoyed living in Florida in the 1970s, when there were still orange groves along the roads and highways even close to cities like Orlando. The population was half of what it is now. The big condo boom on beaches was really exploding during that time.

Makes us sad to visit now with the huge changes. Very good point that young people and new graduates are being priced out.

[Ghaati]

Originally Posted by shamrock4

We enjoyed living in Florida in the 1970s, when there were still orange groves along the roads and highways even close to cities like Orlando. The population was half of what it is now. The big condo boom on beaches was really exploding during that time.

Makes us sad to visit now with the huge changes. Very good point that young people and new graduates are being priced out.

Yup. All the people who will do all the work that the wealthy older people need done, will be gone. So no more baristas at Starbucks, secretaries and receptionists at the dentist's office, home health care workers, parking attendants, lunch-counter waitresses and cooks, handymen, employees of landscaping companies, including the guy who mows your lawn. Janitors in apartment buildings, schools, and hospitals, and even EMTs only earn around $18/hour. If only the wealthy can afford to live in your area, then only the wealthy can afford to live close enough to work in your area. Good luck finding an ambulance when you break a hip.

[Vector1]

Originally Posted by Corrie22

Coral Gables Estates is #1 with a average house price $19 million....

let that one sink in


"Seven of the ten most expensive neighborhoods in America are now in Florida, with one Coral Gables' Gables Estates topping the list. The average property in the Gables Estates' neighborhood runs around $19.14million. "

"Joining Gables Estates in the Florida stable of neighborhoods needing serious cash to move in are: Naples' Port Royal ($16.49 million), Coral Gables' Old Cutler Bay ($10.22M), Miami Beach's Rivo Alto Island ($9.1M), Jupiter's Bear's Club ($8.99M), Naples' Aqualane Shore ($8.88M) and Miami Beach's San Marino Island ($8.84M)."

https://www.dailymail.co.uk/news/art...s-Florida.html

I think some of the even more exclusive places have been left out. Star Island for example is where most of the movie stars have homes, and Fisher Island is about as wealthy and exclusive as you can get. Cocoplum and Gables By the Sea are also places where the average home is well into the millions.

On a side note, that is why RE agents in FL knew that NY AG & judge were out of their minds, claiming Mar a Lago was only worth 18 Million, when it is closer to 300 million.