There Biden Goes Again - Plans to Reduce SPR

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I agree. I don't think there are any easy answers but I worry about the next generation of the so called middle class workers. The ones that work the trades or work for places like UF or GRU in Gainesville. It already takes everything a two income family can make working those jobs to live in a nice modest home with some extra spending money. They for sure can not do it living in Gainesville and you will find most of those people commute from more rural areas were house and utilities are more affordable. As more people have moved away from the city and UF those smaller rural areas are growing and the cost of homes and living has gone sky high as well. I work in the insurance business and when I look at the homes people are buying today most times the cost is double what the same home sold for 4 years ago. People are not making double what they were 4 years ago in this area.

 

My parents built our first home in Black Acres in Gainesville in 1957 or so for $15,000. That’s over $166,000 in today’s money, still affordable. Lot more speculation going on these days, Wall Street investors have been buying up homes then renting and eventually flipping them. Whatever is going on, it’s just not right that a hard working middle class family can’t afford a home.

 

They aren't. It is a weird dynamic. $120,000 a year and you are doing perfectly fine in this economy if you don't need to live in San Francisco. People flip between concern for lower income people to higher income people to the middle class whenever it is convenient to the narrative.

 

That house will sell for $350,000. now. I grew up in on 36th Terrace in Golf Club Manor just West of 34th Street. Those homes were build earlier in 1957 and are selling close to $300,000. today. My parents bought the home we lived in for $5,000. in 1967.

 

Looks almost exactly like ours. It wasn’t much over 1,200 sq. ft., but it didn’t feel that way to us.

 

I grew up in Pine Hills and actually know the floor plan of that particular house. You need to visit Pine Hills if you think that house would get anything close to $350K. I’m pretty sure that a seller would break down in tears of joy if they even got $200K

 

You're not going to find a house like that in Pine Hills for under $260k. I would imagine if you offer $200k their tears would be due to you insulting them with that offer

 

You can get a condo type home in Pine Hills for less than $200k, but not a house:

Had to remove the link - it has my personal info on it.

The prices range from high $200's to mid / upper $300k's. There are flippers going in there and wholesalers who offer cash and then assign the contract to investors.

This one is actually $425k. :https://www.realtor.com/realestatea...Ct_Orlando_FL_32818_M52024-92621?from=srp-map

 

Do you live there??

A friend of mine from back then sold her mother’s house in 2020. It was a little newer and larger than that one in a slightly better area of the hills. The house pictured here were all 3/2s around 1400 sq. ft. if that screened patio to the right of the carport was enclosed. Her mother’s house was a 3/2 around 1700sq.ft. She got $135K for hers.

Small houses in bad neighborhoods, with no garage don’t get $186/sq. ft.

 

Check the comps in that neighborhood. Pine Hills has many different developments. The houses like the one pictured are concentrated along Pine Hills road and between Silver Star Rd and 50. Once you start going north and west past Hastings you start getting into newer and larger homes. South of there is Orlo Vista which is no better, and west of there is Mercy Dr. which is probably worse. There were actually several very nice neighborhoods there in the 70’s.

 

Like it or not we've created an environment that disincentives the president from what I think most people would consider to be "the right thing" in restocking the reserve.

Biden wouldn't get any credit from voters, and if gas prices were to rise before the election, Biden would be getting absolutely hammered on a daily basis by the likes of Fox News and social media.

Just like people don't care how we're fairing on inflation when it comes to other G7 countries, people only care about the bottom line as it applies to them personally. Same reason the GOP can get away with tax cuts that disproportionally benefit the wealthy and corporations as long as the average person gets at least some benefit.

 

I was just responding to your post about the 1,200 sq ft house that was in the ad. I looked at the heart of Pine Hills and there is nothing habitable that is under the $250ish price point. I'm sure in the 70's this was a nice place to live. I feel like gentrification is about to take over Pine Hills, and Parramore. Which I believe is already feeling it with the Creative Village and UCF being there now.

I told my son to buy a home there to rent out and make some passive income, then go rent a condo where he wants to live. I really think those two areas, along with Deltona area, are great investment options.

 

At some point critical thinkers will take over this narrative and show the people that Biden is not making any national policy decisions from the WH, and that all of "his" actions are very carefully choreographed to bring our county to a certain degree of dystopian disfunction... on purpose.

 

I'm right next door and I know what the comps are. I just decided to check recent listing and pending transactions and you are at least $100,000 off

 

Checked your link on that house. I lived in that exact neighborhood two streets east. These houses were built in very late 60’s/early 70’s. They were nice homes on good sized lots. I know that plan as well. Central air/heat, big double garage, larger kitchens, beds, and baths. BIG difference this one and the one pictured earlier.

 

Post them. I’d be shocked if those 1400 sq. ft homes in the oldest area of Pine Hills were getting $300k.

 

LOL. He's made money for the United States each time he's done it. Financial genius.