Page 16 - Martin Downs Bulletin - February '22

Page 16, Martin Downs

reaL estate

Treasure Coast Real Estate income tax savings by being a Florida resident. people. Arizona picked up 93,026. Idaho had the fastest
Report While showing another California client a home, annual population increase in the nation.
Thinking back to my California and New York clients
he commented that he couldn’t wait to get out of San
Francisco. He lamented that the major cities in California over the past year, only one seemed to be on the far right
Are People Fleeing “Liberal” High Tax States have become cesspools and that he was tired of the liberal as far as politics. Everyone else, myself included, is pretty
Feeding The Real Estate Frenzy In Florida? governments that made them that way. much middle of the road.
Are people really fleeing the so-called Blue States for What does this trend mean for sellers? Unless there is
By Jim Weix the commonly called Red States? It would seem so. a dramatic shift in politics, Florida will remain attractive
Being from Wisconsin, I I didn’t think much of it, until I started researching it. to a certain segment of the population for something other
just assumed people moved Between July 2020 and July 2021, approximately 352,198 than sunshine and no state income taxes.
to Florida for the warm residents of New York State migrated for warmer winters, However, I would still advise putting the MAGA hats
winters. lower taxes, and apparently a less liberal government. The and Biden posters in a closet when putting your home on
No longer having to District of Columbia lost 2.9 percent of its population and the market.
pay state income taxes is California lost 367,299 people. Illinois, another liberal Jim Weix is a broker associate with The Keyes
also an attraction for many state, saw an out-migration of 122,460 people. Company. Jim has 24 years of experience selling real
buyers. Many of these people are moving to more politically estate full time. If you have questions or want the services
Along with the common conservative states. Texas picked up 170,307 Americans of an experienced expert, you can reach Jim at (772)
“up north” buyers, on the migrating from other areas. Florida picked up 220,890 341-2941 or jimweix@jimweix.com.
Treasure Coast we have
always had the migration of people from Miami, Fort art HappeninGs
Lauderdale, and West Palm Beach. In most cases they are
trying to escape high crime rates and traffic congestion.
The fact that they could buy a home in St. Lucie County
for half the price of one down there didn’t hurt either. Women Supporting The Arts contributions go directly to the pool available for grants. All
It wasn’t until I sold a home to a California buyer, that decisions about allocations are made by WSA members.
I realized we have another class of buyer. These are the Award 2021/22 Grants The recipients and amount of grants received were:
buyers trying to escape the liberal political environment • Atlantic Classical Orchestra – $ 2,000
and resulting high taxes. One wealthy California client By Jackie Holfelder • Jane Lawton Baldridge for Glimmer: Immersive
told me that he would pay for his million-dollar Martin Women Supporting the Arts Illumination – $ 1,315
County riverfront home in five years with just the state (WSA), a giving circle of MartinArts, • Florida Arts and Dance – $ 2,375
recently announced the • Martin Artisans Guild – $ 2,000
names of its 2021/22 grant • Creek Arts District – $ 1,515
recipients. • ACT Studio – $ 1,225
The mission of the nonprofit is to build a community of • Treasure Coast Classical Guitar Society – $ 1,550
philanthropists who inspire, educate and encourage women • Treasure Coast Community Singers – $ 2,000
to strengthen the arts and cultural environment in Martin • Treasure Coast Music Teachers Association – $1,800
County. • Treasure Coast Youth Symphony – $ 2,500
Some grants support initiatives that spur artists to Chair of Women Supporting the Arts is Linda Prange and
follow their dreams while others provide the seeds to chair of the Grants Committee is Kimberly Perron.
present programs of the highest quality to residents in our For more information, visit www.martinarts.org/support_
community. us/women-supporting-the-arts.
Each year, 90 percent of funds generated by dues and other Photo provided by MartinArts
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