Sign of Economic Woes: Florida Population Declines for first time in 53 years
That's right folks, for the first time in over 50 years the population of Heaven's Waiting Room has declined. Why you may ask.
In my opinion it is just the economy. The state of Florida has 10.6% unemployment. Locally here in Pasco we are at 12% unemployment. And it is hard to budget for retirement when you do not know how much it is going to cost in the long term.
But rest assured the Baby Boomers will reverse this anomaly in the states growth.
With the crash in our Real Estate market and the high rate of foreclosure we are starting to look very attractive to investors, both foreign and domestic. And with a bottom eventually to be found, those looking for a nice place to retire will again turn their eyes towards Florida.
Read the full article at www.FloridaRealtors.org
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