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Post by cyclist on Aug 14, 2024 12:35:37 GMT -5
As I posted in another thread, what the hell do these people do for a living to be able to buy these homes where there are not many good paying jobs, be able to have their toys and lifestyle and do it all by moving from another state or expensive area of Florida? The same is going on here in Bay county and the majority are not retirees. They are in their 30’s-50’s with families. There are some good paying jobs but not enough to support this growth. Lots of people who live in Chiefland work in Gainesville and at U.F. You would be surprised at the number who make that drive every day. One company I worked for the receptionist/secretary lived in Old Town and drove to Gainesville every day. A lot of the medical staff at Shands live out of the county. Used to be you got more house and more land for less money. Not sure about now. Many hate Alachua County because they think the taxes are higher and they don't appreciate better amenities and better quality of life and they don't seem to mind wasting hours in a car everyday and paying for self imposed higher fuel costs. You should see the lines of traffic into gville every day. Crazy people.
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Post by richm on Aug 14, 2024 12:54:02 GMT -5
Get ready! Proposed for 2070. Red is devloped.
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Post by JS84 on Aug 14, 2024 13:09:46 GMT -5
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Post by madm002 on Aug 14, 2024 13:24:50 GMT -5
There are other more suitable places to do this in my opinion. It is sad to think about what Florida will be like in 50 years. I wont be here unless I live to be 106, but my kids will be. I have always thought what it was like in the 1820's when my first relative arrived to North Central Florida. He lived outside Newnansville and is buried there along with the rest of my family. ” The word "hammock" comes from the Spanish "hamaca," meaning "a highly arable type of soil." I wanted to name my book "Golden Apples," "Hamaca," and to indicate the triumphs and defeats that different kinds of men have encountered in this hammock country, but it was believed that the name would be so strange no one would buy the book. I like to think of the Spaniards blazing their trails through the Florida hammocks. The hammocks were the same then as now, and will be the same forever if men can be induced to leave them alone.Hammock soil is dark and rich, made up of centuries of accumulation of humus from the droppings of leaves. The hammock is marked by its type of trees, and these are the live oak, the palm, the sweet gum, the holly, the ironwood and the hickory and magnolia. We have high hammock and low hammock, and oak hammock and palm hammock, and there is likely to be a body of water nearby. The piney woods and the flat-woods are more open and therefore perhaps more hospitable, in spite of their poorer soil and dryness, but the hamaca shares with marsh and swamp the great mystery of Florida.” -M.K.Rawlings from Cross Creek. My grandparents of the Depression/WWII generation assumed the Florida woods would always be. Seems to have been a common mentality of the older generations that grew up close to the woods. Left to my own imperfect and sinful devices, some of my darkest curses would be reserved for the masses that treat Florida’s environment like a whore to screw and leave bloody in the ditch when they’re done. Just as the whore was someone’s daughter or sister, so Florida was someone’s pristine paradise. And just as the whoremonger would protect his daughter or sister from the same abuse the whoremonger happily visits on the whore he doesn’t respect, so the developers here look with vigilant nostalgia for their own woods and farmlands from the places they come from. Our Florida developer who gladly destroys the woods here would rage over someone paving over the family farm and surrounding woods in upstate New York. May I know sir, who told this translation?
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Post by PolarsStepdad on Aug 14, 2024 13:35:36 GMT -5
As I posted in another thread, what the hell do these people do for a living to be able to buy these homes where there are not many good paying jobs, be able to have their toys and lifestyle and do it all by moving from another state or expensive area of Florida? The same is going on here in Bay county and the majority are not retirees. They are in their 30’s-50’s with families. There are some good paying jobs but not enough to support this growth. I live in South Alabama. There are really not that many "good" paying jobs. Us, Michelin, 2 hospitals and that's about it. Yet nobody is building a house for a dime under 250k. And most are North of 300k. I ask myself all the time who the hell is buying them? There can't be that many people selling drugs and or on daddy money. Some of the houses cops live in really has me scratching my head. The math ain't mathing. One town in the Suburban area is building 600 houses in the next year. Who's buying them?
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Post by JS84 on Aug 14, 2024 13:41:09 GMT -5
reiclub.com/articles/single-family-houses-the-5-biggest-buyers-in-america/#:~:text=Blackstone%20Group%20is%20by%20far,Valley%20California%2C%20Miami%20Orlando%20and The Biggest Buyers 1. Blackstone Group is by far the biggest buyer of single family houses with an estimated $2.5 billion totaling up to 16,000 single-family houses and they are currently in Atlanta GA, Chicago IL, Las Vegas NV, Phoenix AZ, and Inland Empire, LA, Sacremento Valley, Bay Area, Central Valley California, Miami Orlando and Tampa, FL. Charlotte NC. They Started a Company called Invitation Homes that leases and manages their portfolio. Blackstone has an additional $10 Billion or so that they intend on investing in houses. 2. The Alaskan Permanent Fund has raised over $600 million to invest with American homes 4 rent and so far they have purchased around 3,100 single-family houses. and they are looking to bring their total number of houses up to 4,700. American homes 4 rent is in the following marketplaces: Cincinatti OH, Phoenix AZ, Atlanta GA. The Alaskan fund has about $40 billion in total assets. 3. Carrington Holding Company and Oaktree Capital Management have partnered up to purchase and manage single family rentals as you can read about in this business week article. With almost $600 million invested into a total of 4,500 single-family houses and they are currently in Chicago IL, Miami FL, Phoenix AZ and Las Vegas NV. 4. Colony Capital has about $500 million invested into 5,500 single family houses and they are in Arizona, Nevada, California, Georgia, Colorado, Texas and Florida. Colony American homes is the name of their Property Management company. 5. Waypoint Real Estate Group and GI Partners have somewhere around $400 million invested into 4,000 single-family houses and they are currently in Atlanta GA, Phoenix AZ, Chicago IL, and California. Waypoint Homes is the name of their operator. However, that being said, I don't see Alabama on any of their lists
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Post by mapper on Aug 14, 2024 13:44:21 GMT -5
Yeah, when starter homes on small 60×100 foot lots with dirt roads are going for over 200k$ something doesn't math out.. I don't think is is sustainable. When it pops there will be pain.
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Post by bswiv on Aug 14, 2024 13:56:57 GMT -5
It already popped.......but the retail buyer is always last to figure it out so he gets doinked longer.......
Seriously.....look at the commercial rental markets and office markets in a lot of place.
Though......Florida could be different because of internal migration caused by governing styles.
We'll see.
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Post by tonyroma on Aug 14, 2024 14:12:38 GMT -5
As I posted in another thread, what the hell do these people do for a living to be able to buy these homes where there are not many good paying jobs, be able to have their toys and lifestyle and do it all by moving from another state or expensive area of Florida? The same is going on here in Bay county and the majority are not retirees. They are in their 30’s-50’s with families. There are some good paying jobs but not enough to support this growth. lotta folks working from home as a result of the lockdowns.
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Post by bullfrog on Aug 14, 2024 14:25:19 GMT -5
” The word "hammock" comes from the Spanish "hamaca," meaning "a highly arable type of soil." I wanted to name my book "Golden Apples," "Hamaca," and to indicate the triumphs and defeats that different kinds of men have encountered in this hammock country, but it was believed that the name would be so strange no one would buy the book. I like to think of the Spaniards blazing their trails through the Florida hammocks. The hammocks were the same then as now, and will be the same forever if men can be induced to leave them alone.Hammock soil is dark and rich, made up of centuries of accumulation of humus from the droppings of leaves. The hammock is marked by its type of trees, and these are the live oak, the palm, the sweet gum, the holly, the ironwood and the hickory and magnolia. We have high hammock and low hammock, and oak hammock and palm hammock, and there is likely to be a body of water nearby. The piney woods and the flat-woods are more open and therefore perhaps more hospitable, in spite of their poorer soil and dryness, but the hamaca shares with marsh and swamp the great mystery of Florida.” -M.K.Rawlings from Cross Creek. My grandparents of the Depression/WWII generation assumed the Florida woods would always be. Seems to have been a common mentality of the older generations that grew up close to the woods. Left to my own imperfect and sinful devices, some of my darkest curses would be reserved for the masses that treat Florida’s environment like a whore to screw and leave bloody in the ditch when they’re done. Just as the whore was someone’s daughter or sister, so Florida was someone’s pristine paradise. And just as the whoremonger would protect his daughter or sister from the same abuse the whoremonger happily visits on the whore he doesn’t respect, so the developers here look with vigilant nostalgia for their own woods and farmlands from the places they come from. Our Florida developer who gladly destroys the woods here would rage over someone paving over the family farm and surrounding woods in upstate New York. May I know sir, who told this translation? I was quoting M.K. Rawlings.
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Post by anumber1 on Aug 14, 2024 14:26:23 GMT -5
My Dad and I fished long pond many years back
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Post by bullfrog on Aug 14, 2024 14:29:59 GMT -5
I’d bet my bottom dollar “hamaca” is actually a Timucuan word the Spanish adopted.
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Post by JS84 on Aug 14, 2024 15:33:26 GMT -5
My Dad and I fished long pond many years back Looks like they have been cutting a road around it for the last 12 months. There are two homes that sit between the pond and us19 I pass to and from my farm. I had been wondering what was going on there but now it's clear. No pun intended.
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Post by PolarsStepdad on Aug 14, 2024 15:43:53 GMT -5
Yeah, when starter homes on small 60×100 foot lots with dirt roads are going for over 200k$ something doesn't math out.. I don't think is is sustainable. When it pops there will be pain. Yep. Usually when the rest of the country crashes we are so far down we don't feel it for a couple of years. I bought my house at the worst time I could have(2009) But we had to have a house as our rental flooded and we pretty m7ch lost everything But the math ain't matching around here for sure
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Post by linemannf on Aug 14, 2024 15:57:34 GMT -5
As I posted in another thread, what the hell do these people do for a living to be able to buy these homes where there are not many good paying jobs, be able to have their toys and lifestyle and do it all by moving from another state or expensive area of Florida? The same is going on here in Bay county and the majority are not retirees. They are in their 30’s-50’s with families. There are some good paying jobs but not enough to support this growth. I live in South Alabama. There are really not that many "good" paying jobs. Us, Michelin, 2 hospitals and that's about it. Yet nobody is building a house for a dime under 250k. And most are North of 300k. I ask myself all the time who the hell is buying them? There can't be that many people selling drugs and or on daddy money. Some of the houses cops live in really has me scratching my head. The math ain't mathing. One town in the Suburban area is building 600 houses in the year. Who's buying them? A lot of these people that you see with a $400k + house , with the wife in a $80k Suburban and the husband in a $80k 3/4 ton diesel truck are in way over their heads, most have to have a family meeting just to see if they can super size at McDonalds.
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