Same situation in coastal Florida. Especially where I am, in the panhandle. The economy in the northern part of our state is cut off from the peninsula. It’s rural and has very little industry. I bet many States are like this: even in CA, agriculture is the business in the interior, rural areas. Prices at the coast are one thing, but local people are effectively being priced out all over.
Once again, the pandemania and excessively low Fed rates are showing their harmful results.
Old_Spice_75 t1_jef8lxw wrote
Reply to comment by SheSellsSeaShells967 in Cumulative house price growth (February 2020 to January 2023) by state [OC] by gvillanomics
Same situation in coastal Florida. Especially where I am, in the panhandle. The economy in the northern part of our state is cut off from the peninsula. It’s rural and has very little industry. I bet many States are like this: even in CA, agriculture is the business in the interior, rural areas. Prices at the coast are one thing, but local people are effectively being priced out all over.
Once again, the pandemania and excessively low Fed rates are showing their harmful results.