Price of Paradise: Reasons for high housing vacancies in Florida

According to the U.S. Census Bureau, the state of Florida leads the nation in empty houses. However, just because they are not occupied, does not mean they're not owned.

[jessicabixler]

16million vacant homes nationwide....we are 5 million "short"...you do the math. The taxpayers better not bail out these jerks...

[crash_test_dummy_]

This type of practice needs to be outlawed. It is very unethical what these investors are doing. Everyone needs a roof over their head and it needs to be attainable.

[SenorDennis]

I love how they tell us that the market is being manipulated for the time being then immediately turn around and say “here’s some tips, act fast! Spend above the asking price!!”
LOL what!? How about be patient and wait for things to stabilize?

[lkf]

Heard other countries tax the crap out of people holding on to empty homes...

[robertdaoust]

This type of house buying by investors should never be allowed.

[lubapatitucci]

you guys missed one good reason why housing is very expensive. There are outer States investor that are holding these houses to the highest bidder just like it is in Key West. Example, the place that I and my husband use to stay at was brought out by a group from Colorado. First they jacked up the price per night then they were trying to sell the place for over 4 million dollars. It sat there empty for 4 years! Most of the blame falls on investors from outside the state of Florida for the high price to buy and to rent.

[TheSoloAsylum]

We get calls every single day about people trying to buy our home. It's just silly.

[MrBankForeclosures]

this will.make 2008 look like a picnic when bouble pops

[benjamite]

that's what you get when you bail out the same people who caused the problems!
this is 2008 part two.
land of the greed and home of the slave. Everyday the billionaires take more of what belongs to the people.
They are laughing at me and you.
Time to start squatting empty investment houses!

[janicelumpkin]

GREEDY LET the house sit and ROT!!! THE PRICES are RIDICULOUSLY

[DottyGreenee]

The president needs to do something. This is ridiculous. It should be against the law

[empresstina]

It's crazy there's over a million empty houses in Florida but there's many without a home. While investors buy up all the homes and upmark the price where the average working person could never afford it. Horrible.

[niaprice]

Real families cant get a home these days because investors are profiting of of housing. A basic necessity. It is called a single family home for a reason! It is not a Multi investor home. Housing and healthcare should not be for profit!

[erichify]

If you live in California, Arizona, Texas or Nevada you have seen rent triple

[EmanO]

Thank goodness I'm leaving FL. tired of this clown show FL

[gustavobc]

Sometimes when I go to a supermarket they have a sticker in the shelves saying " sorry for the inconvenience but you only can buy one per person due to lack of inventory" why is this not the rule for the housing market? Lol.

[Bob-]

Don’t worry folks, I’m in South Florida right now and everything looks just like 2007! Everyone has purchased houses with 5% down and it’s going to turn into a house of cards just like 2008!

[pierrejamison]

The good news is that big stakes holders like out of state investors are going to lose their shirts in the housing crash, creating a discount liquidation sale.

[grantellis]

Blame big corporations like black rock for this problem, it’s the same thing going on across the whole country

[luisfcayo]

people you have the power to vote, exercise it.