Sprawl, Supercommuters, and Seniors Fuel Growth

By
Real Estate Broker/Owner with Realty World Atlas BK 602473

As a concerned Native Floridian who sits on an Affordable Housing Task Force in the Orlando Metro Area - this topic fascinates me. I have long debated that the affordable housing "crisis" is not a supply issue but instead a demand issue. Not a popular view amongst Realtors. Although it would be great to start a debate right here in ActiveRain about government intervention in the real estate market causing supply constraints through onerous regulations and demand issues due to the Internal Revenue Code and a plethora of housing laws designed to socially engineer outcomes ... I fear that the typical "group think" will kick in and anyone on a soapbox asking Realtors to reimagine the demand model will have tomatoes hurled in their direction.

 

A very interesting article appeared in Curbed.com about Central Florida and it's growth. The article can be found at https://www.curbed.com/2019/4/23/18511006/orlando-tampa-real-estate-housing-development ... However, wrap your head around this statistic ... "Combine Greater Orlando with the Tampa region and everything in between, and you get an already-large area of 4.3 million people that will soon top 5.2 million."

 

Here is an interesting quote, "While the future does look bright for this part of Florida, the narrative is pretty consistent with what we’ve seen in the past: a housing boom built on cheap land and car-centric planning—and an influx of retirees. The region’s transportation infrastructure will groan under the weight of tens of thousands of new drivers entering the workforce each year, and the dearth of dense, transit-friendly, affordable apartments will strain the regional housing market with new demand (per the National Low Income Housing Coalition, the Orlando metro area currently has only 13 affordable and available rental homes for every 100 extremely low-income renter households)."

 

 

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Paul D. Diaz, MBA

Real Estate Broker & Instructor, Adjunct Professor
(707) 728-5342
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