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Trouble in Florida's real estate paradise is a grim warning for all of America

Summary by Business Insider
Found Image Holdings/Corbis via Getty Images; Rebecca Zisser/BIZach Janik had all the makings of a Florida lifer. Born and raised in West Palm Beach, he spent most of his adult years in St. Augustine, a small beach town on the state's northeast coast. In 2018, just shy of 30, he purchased a tidy three-bedroom house for $195,000. Life was good.A few years into the COVID-19 pandemic, though, he no longer recognized the place he had long called hom…

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Business Insider broke the news in United States on Wednesday, June 4, 2025.
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