What you are failing to factor is the the ancillary costs associated with owning real estate in Florida, namely the cost of insurance. Also, Miami and Tampa are seeing the latest influx of new residents where the average price of real estate dwarfs other markets in Florida but is on par with NY and CA.
Multiple annual hurricanes with increasing intensity that are harder to get insured against due to said factors or few hundred dollar a year insurance for a “big one” earthquake coming soon™? Easy choice in my book.
