Wednesday, March 19, 2025

The End of the South Florida Dream

 https://www.newsweek.com/end-south-florida-dream-2039443

Buying a place on the South Florida coast has been a dream for millions of American retirees over the past decades and a main driver of in-migration to the state.

But now, a combination of factors—including a slowdown of the Florida housing market, rising HOA fees and higher property insurance premiums—is turning this dream into a nightmare for many Sunshine State homeowners.

Many are being forced to sell their homes and relocate, whether within or outside the state, while local lawmakers warn against a rise in homelessness among seniors in South Florida.

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