Page 13 - Stuart Exposure - February '22

Stuart Exposure, Page 13

real eState

Are people really fleeing the so-called Blue States for
Treasure Coast Real Estate home to a California buyer, the commonly called Red States? It would seem so.
It wasn’t until I sold a
Report that I realized we have another I didn’t think much of it, until I started researching it.
class of buyer. These are the Between July 2020 and July 2021, approximately 352,198
Are People Fleeing “Liberal” High Tax States buyers trying to escape the residents of New York State migrated for warmer winters,
Feeding The Real Estate Frenzy In Florida? liberal political environment lower taxes, and apparently a less liberal government. The
and resulting high taxes. One District of Columbia lost 2.9 percent of its population and
By Jim Weix wealthy California client told California lost 367,299 people. Illinois, another liberal state,
Being from Wisconsin, I just assumed people moved to me that he would pay for his saw an out-migration of 122,460 people.
Florida for the warm winters. million-dollar Martin County Many of these people are moving to more politically
No longer having to pay state income taxes is also an riverfront home in five years conservative states. Texas picked up 170,307 Americans
attraction for many buyers. with just the state income tax migrating from other areas. Florida picked up 220,890
Along with the common “up north” buyers, on the savings by being a Florida resident. people. Arizona picked up 93,026. Idaho had the fastest
Treasure Coast we have always had the migration of people While showing another California client a home, he annual population increase in the nation.
from Miami, Fort Lauderdale, and West Palm Beach. In most commented that he couldn’t wait to get out of San Francisco. Thinking back to my California and New York clients
cases they are trying to escape high crime rates and traffic He lamented that the major cities in California have become over the past year, only one seemed to be on the far right
congestion. The fact that they could buy a home in St. Lucie cesspools and that he was tired of the liberal governments as far as politics. Everyone else, myself included, is pretty
County for half the price of one down there didn’t hurt either. that made them that way. much middle of the road.
What does this trend mean for sellers? Unless there is a
art HappeningS dramatic shift in politics, Florida will remain attractive to a
certain segment of the population for something other than
sunshine and no state income taxes.
However, I would still advise putting the MAGA hats
Women Supporting The Arts grants. All decisions about allocations are made by WSA and Biden posters in a closet when putting your home on
members.
the market.
Award 2021/22 Grants The recipients and amount of grants received were: Jim Weix is a broker associate with The Keyes Company.
• Atlantic Classical Orchestra – $ 2,000 Jim has 24 years of experience selling real estate full time.
By Jackie Holfelder • Jane Lawton Baldridge for Glimmer: Immersive If you have questions or want the services of an experienced
Women Supporting the Arts (WSA), Illumination – $ 1,315 expert, you can reach Jim at (772) 341-2941 or jimweix@
a giving circle of MartinArts, recently • Florida Arts and Dance – $ 2,375 jimweix.com.
announced the names of its • Martin Artisans Guild – $ 2,000
2021/22 grant recipients. • Creek Arts District – $ 1,515
The mission of the • ACT Studio – $ 1,225 President’s
nonprofit is to build a community of philanthropists who • Treasure Coast Classical Guitar Society – $ 1,550
inspire, educate and encourage women to strengthen the arts • Treasure Coast Community Singers – $ 2,000 Day
and cultural environment in Martin County. • Treasure Coast Music Teachers Association – $1,800
Some grants support initiatives that spur artists to • Treasure Coast Youth Symphony – $ 2,500
follow their dreams while others provide the seeds to Chair of Women Supporting the Arts is Linda Prange Monday,
present programs of the highest quality to residents in our and chair of the Grants Committee is Kimberly Perron.
community. For more information, visit www.martinarts.org/support_ February 21
Each year, 90 percent of funds generated by dues and us/women-supporting-the-arts.
other contributions go directly to the pool available for Photo provided by MartinArts

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