Can You Afford A Home In Tampa?
You have a good job and a killer credit history, but with all of the changes in the real estate market and the economy, how much do you need to make annually to afford a home in Tampa in 2023?
A lot of factors go into the equation, but the short answer is $113,000.00 a year. However, if you’re not making that kind of jack, freak not. There will always be alternative ways to get homes, but they will probably come with higher interest rates or other less-than-optimal conditions. The yearly required salary for home ownership has risen dramatically year-to-year. In 2022, only $77,000 was needed to buy a home. That means you must now make almost $40,000 more a year since 2022 to buy a house.
But the decision to buy a home is not easy when the world is an uncertain place. The economy has made it difficult to be optimistic about the future. And who wants a huge house payment when they lose their job? While foreclosures have risen for 21 months in a row across America, Florida ranks somewhere in the middle of the pack. It all makes buying a home an even bigger question. Generally speaking, a home is one of the best tax shelters and investments you can do in your lifetime, but it’s getting more dificult every day to get one.
Adding to the problem, interest rates have gone berzerk, doubling from about 3% to about 7% in a single year. Those hikes have come from the FED, as they try to curb inflation. Recent rates are now hovering around 6%, which still sucks when buying a house. The average American makes about $53,490 a year, which is half of what they need to make to buy a home in our area. Source: WFLA.com
Real Estate Prices At Number One?
This Is The Thing Floridians Hate The Most
We get how easy it is to hate on things, sports rivals, certain foods, traffic, the list goes on. In fact, a lot of people bond over their common dislikes. There’s even an app for it. It’s called “Hater,” it was first launched in 2017. It’s the one dating app where users take “hates” into account when matching with people. Recently, the app looked into the different dislikes in each state and compiled the data. What do you think the most hated thing in Florida is? Snowbirds? Mosquitoes? The real answer according to Hater may (or may not) surprise you.
We find these dislikes for other states pretty hilarious, and relatable. In New York, the most hated thing is Times Square, which we can 100% confirm that any real New Yorker hates the tourist trap. The people of Texas hate sleeping with the window open, something you could never do in Florida. California wishes fidget spinners had never been born. If you want to see the full list of states dislikes, click here.
According to Hater, the most hated thing in Florida is…
Work Out Couples
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At first you were probably thinking “that’s not so bad.” Then you maybe thought about that one couple who’s always showing off ridiculous work outs on social media and totally understand. We’re all for living a healthy lifestyle but can also find it annoying to have extreme work outs taking over our social feeds.
While this is annoying, we find it hard to believe that THIS is what Floridians hate the most. So instead, we came up with a list of runner ups that should could have taken the number one spot.
Here’s a list of things Floridians REALLY hate
Mosquitos
Living in the swamp land makes us the #1 target for mosquitos. No amount of OFF can save you.
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Humidity
We can never escape it… Making it one of our worst enemies.
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Spring Break
Ahhh the time where all the snowbirds and transplants come down. They pack the beaches and leave them with empty beer cans and trash all over the place. The only bright side to spring break means baseball starts soon.
(Photo by Mike Ehrmann/Getty Images)
Love Bugs
Don’t know what’s worse, getting bitten alive by mosquitos or scraping the dead lovebugs off your car every year.
BBGI
I-4
Driving on I-4 during any time of day is the WORST! The constant construction also never helps.
BBGI
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