Hello BP Community,
Wallethub just named Fort Myers, Florida the fastest-growing city in the USA. Cape Coral was ranked number 24.
Having only lived for extended periods in two very different cities, Portland, Maine and Los Angeles, I'm not sure what to expect with the projected influx of people, growth, and what that brings. I've lived in the Cape Coral/Fort Myers area for six years and was asked yesterday by Wink News what the effects might be on the housing market. As a Realtor, that much I understand. The gist of the broader story related to potential positives and negatives of such growth and I was curious to hear what BP members have experienced in their own communities that have undergone rapid growth.
Where I grew up and spent my twenties, in Portland, Maine, I don't think the population changed at all; thank you six months of winter. And Los Angeles was always a huge metropolitan behemoth the 15 years I lived there. I'm curious to hear any first-hand accounts of the good, the bad, and the ugly of rapid population growth. Obviously things like congestion and crime are potential concerns, but what else should we be looking forward to down here in SW Florida as far as opportunities go? And what about investment strategies?
@Mike Terry I love your thought process here. I do believe this election could hurt/harm that long term so I'd keep an eye on those outcomes and adjust accordingly.
Good insights Mike. As well as retirees, I think we'll see more younger professionals and families come down too. I'm already seeing this occur with a number of my buyers. The cost of living, especially compared to other more expensive cities and states, makes SW Florida attractive and gives people the breathing room to explore different careers and lifestyles. That's certainly my case having lived in LA, good paying job as a project manager for the LA Housing Authority, but unable to buy a home, way too expensive.
@Mike Terry I think/hope your right!