The pros and cons of a population boom:
May 6, 2022
By Marcy Shortuse
The truth about the cost of living in this area is brutal right now. While income has barely – if at all – increased for most employees in many years, the costs of groceries, gasoline, utilities and, of course, rent have vastly increased in the last 18 months. When droves of people started moving to Florida during the height of the pandemic, real estate went through the roof. Many people who owned rental homes realized they could easily get hundreds more in their pocket with the supply-and-demand situation this area was facing, while others decided to take full advantage of the market and sell their rental properties. Not only did they leave the worry of being a landlord behind, they had a lot more money in their pocket from buyers paying an inflated price for their property.