Originally Posted by eridanus
Apartments? A house in Florida really costs over $300/square foot to build? Is that only because land is so expensive?
ya i looked at those numbers. looked funky to me. first off i don't even know where you'd find land for $180k here. i doubt if you could find a decent bit of dirt east of i-95 for much under $350k. out west, when there were large parcels, developers needed to put in infrastructure so of course there were those costs. the arch/engrg fees is bogus unless you are building a custom house, in which case you are not building 1,800 square feet. but the architect certainly is not getting 5-6% of every individual cookie-cut tract house of a development.
that's the thing with so many of these articles, written by frustrated renters who want to make it look as bad as they can. i guess that's easier than asking their managing editor for a raise.
Originally Posted by justin
Tell us how you really feel, lg4nb!
I can see the point of the article - housing in FL is quickly becoming unaffordable. Who's buying the houses and living in them? For recent college grads and new arrivals, where do they live?
Affordability of housing is a quality of life issue.
realtor.com shows 145 single family houses under $200k and over 2,000 apartments under $200k in greater fort lauderdale, never mind all the surrounding towns.
certainly there are quality of life issues. and if recent grads want to live near the beach, they are more than welcome to move in with mom & dad. in the meanwhile, we gladly accept the equity of new arrivals who cashed out from their previous homes.
so until those 2000 plus units sell, these people need to quit bitching and put some parking change in their cars. they simply are 10 years too late for the bike ride to the beach. just like i was 10 years too late for the walk to the beach. but fortunately, i did manage to take a chance on a risky area over a decade ago, which over time has paid off both in quality of life and equity. it's amazing what a little landscaping will do to a place and we still have areas that could use a little fresh paint.
i simply suggest they buy there.