Florida Real Estate Could Explode (Patreon)

If Governor Ron DeSantis succeeds in putting a plan on the ballot to end property taxes for Florida homeowners, the state’s real estate market could boom. People would own their homes without paying property taxes, making it much cheaper to live there and even more attractive to buyers escaping high-tax states.

This could cause a big wave of people moving from places like New York City, where socialism is taking hold and property taxes are about 1.7% of a home’s value and could go higher. There could be a massive exodus for the wealthy and that coudl trigger a surge in demand could send Florida home prices soaring because there wouldn’t be enough supply.

We already saw people moving south during the pandemic. Ending property taxes could make that trend explode, turning Florida into a top spot for people tired of paying high taxes—while the state makes up for lost revenue by taxing tourists and non-residents through sales and other fees.