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“Situated near Lakeland, Winter Haven attracts nature lovers with its lakes and parks, and affordable homes with a median price of around $280,000,” said Colin Hannan, principal at Proven ...
Everglades, Florida. Population 65+ (%): 38% Livability: 70 Annual cost of living: $49,522 Annual cost after Social Security: $27,012 How many years $250K will last: 9.26 For You: I’m a 70-Year ...
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In the USA, the popularity of FSBO has been increasing since the late 1980s, with real estate website Zillow reporting a doubling of listings between 2012 and 2014 (up to 4%). ForSaleByOwner.com saw 24% growth in 2013, and StreetEasy reports that New York City FSBO listings increased by nearly 30% in that same period. [ 5 ]
The number of homes built during this period exceeded the total number of homes constructed during the preceding 50 years. [7] But as in much of the United States, the real-estate boom of the 2000s went bust. The median house price in the Fort Myers area peaked in late 2005 at $322,300. Three years later, it had plummeted to $106,900.
The collapse of Florida land values caused a severe financial crisis for the state government. Land values had dropped nearly to the vanishing point, but the property was subject to property tax assessments far in excess of its current value. Many property owners simply abandoned the property and did not pay the taxes.
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