RIP Florida real estate
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Anonymous
Your foxbusiness link is the most comical...probably signals the peak of FL tech nonsense. Here's some information from the WSJ from this year: n 2020, venture capitalist Keith Rabois urged startup founders to join him in ditching San Francisco for Miami, touting the city’s relative safety, lower taxes and tech-friendly mayor. The self-proclaimed contrarian investor, who made a fortune backing companies such as Airbnb and DoorDash, once tweeted that San Francisco was “miserable on every dimension.” The hard pivot to Miami has faltered. Several of the startups that Rabois backed are relocating or opening offices elsewhere to better attract engineering talent. Late last year, he was pushed out of his old venture firm, Founders Fund, after falling out with some colleagues. Now, he plans to spend one week a month in San Francisco for a new employer, Khosla Ventures, and is busy renovating a house there. |
Anonymous
This is the thing. Florida’s issues are nearly a century in the making, the accumulated result of terrible and shortsighted policy by politicians from both parties. But at this moment of obvious, quickly escalating crisis, Florida has a governor and legislature that are bent on doing everything possible to make things worse. The malevolence is astounding. |
Anonymous
| My parent's insurance is 12k a year on their home with a 20k deductible. Both of which are insanity. They're 10 miles inland in a newer home with hurricane windows, but their home is nice (5 bedroom). Those barrel tiles roofs are $$$ to replace. Florida construction is also incredibly expensive because the homes are made of cinderblock with metal studs. Windows, garage doors and roofs are all hurricane grade. One of our Virginia homes wouldn't last a second in even a cat 3 storm. |
Anonymous
There aren't enough hours in the day to post articles like the below: Miami associated itself with the first “city coin,” a crypto token that Suarez claimed would help boost the municipal budget. The effort hasn’t panned out. FTX collapsed as its founder, Sam Bankman-Fried, was indicted and subsequently convicted of fraud; the Heat’s arena now carries the name of Kaseya, a Miami software firm. Attendance at crypto conferences has dwindled. MiamiCoin, which was valued at 5 cents when it came on the market in August 2021, now trades for about 16-thousandths of a cent, if anyone cares — there doesn’t seem to have been a trade in eight months. The city is searching for relevance in the modern technology landscape. The same sources that talked up the flight of entrepreneurs from the Bay Area to Miami, Austin and other Silicon wannabes are now running articles about startup founders moving back; often the return is accompanied by complaints about the lack of a true innovation culture in their new homes, as well as traffic congestion and housing prices soaring out of reach — much the same as one would find in any large city. |
Anonymous
Florida has always been a magnet for scam artists. |
Anonymous
I hear Miami is a haven for the functionally illiterate. Also, water always seeks it own level, now make haste, Miami or bust! God speed Jeeves, and don't spare the horses! |
Anonymous
| We pay more for insurance but less for property taxes. It still adds up to less than it was just for property taxes for my in-laws in NY (small house in great school district) 30 years ago. |
Anonymous
I can practically punch a hole through the walls in my Virginia home. It's not gonna be a survivor. |
Anonymous
Tell them to sell now before it's too late. |
Anonymous
Yeah, but there's a difference. You can elect a new government or reset societal priorities to change the tax rate—people in NY like all the stuff they have and they have to pay for it. You can't reset the thing that is causing higher insurance, and it's not going to stop. Sell, sell, sell while you still can! |
Anonymous
Resiliency is expensive and hard. Florida has their collective head in their (stunning, sunny) sand. Like watching a train wreck in slow motion. |
Anonymous
This made me LOL. NY has been trying for years to root the corruption out of state and local government, and the Assembly is still a holding pen for future felons. The entire appropriations system in NY is set up to facilitate corruption. It amuses me how NYers act like Trump's scams are some sort of aberration, when it's really just how business is done in NY. Your taxes are going to pockets of politicians and the friends of politicians and NYers get the crumbs and act all happy about it. |
Anonymous
In westchester taxes are high because Rowan’s are small and offer lots of services (fire, police, school, public works, etc) with a small mostly non-commercial tax base. Florida has pretty bad schools and services. I agree that the assembly is a mess but this is an apples and oranges comparison. |
Anonymous
**towns |
Anonymous
Half of every resident in South Fla is a New Yorker! They are the same people. |