Real Wealth Show: Real Estate Investing Podcast Rental Income: Population Growth and Real Estate Trends in Florida (Audio)
This past year, we learned a lot about which states are more business-friendly than others. Some had mandatory shut downs, like California. The rules were particularly strict in Los Angeles where the city would turn the water and electricity off at businesses that defied the shut down order.
On the other side of the country in Florida, the economy and businesses have been mostly open for the entire year. It was certainly a risk for Florida, but the state gave people the opportunity to make choices for themselves. And now we can see the results of that decision.
CDC statistics show that the Covid-19 case rates and death rates since the beginning of the pandemic are nearly identical in both states. As an aside, Florida’s death rate is 40% lower than in the State of New York, along with dozens of other states. But even though Florida and California had nearly identical public health outcomes, their diverging strategies have had an enormous economic impact.
You'll hear more about that in this episode along with an update on the Florida real estate market right now from someone who's been in the business for 25 years. He's from New Jersey but has flipped homes in California and moved back to Florida where he is now, and specializes in locating great rental income properties for investors.