Prices are up in a lot of regions including FL. No taxes and warm climate. Our son sold his rental house in Houston in 2 days with 2 full price offers. Price was up considerably from a year ago and was his reason for renting it out.
2012 before building and moving here we got an offer on our Winter Park house and felt we should rent it out for $3,500 a month instead. 1 year later we sold it for 60K more than the prior year or 10 percent plus the rental income.
So you see it's not just TV.
Rates are low, people are retiring.
A friend that just retired in MI was told to purchase a house in FL 2 years ago by his financial advisor and now they are looking at higher prices.
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