@EconomicsExplained

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@Whobgobblin

“Florida has gained as many new residents as New York has lost” as a Florida man this makes perfect sense, they all came here, New Yorkers are everywhere

@trailduster6bt

I was born in Florida. Most people who already live here have not benefited financially from all this growth. The growth as you point out has come from higher income people moving here. Those of us who already live here are getting poorer because the cost of living and especially housing prices are completely detached from wages growth.

@bradleypinto1153

I was born and raised in Florida and I feel like I’m being pushed out by senior citizens from other states that have next to zero respect or decency in public/traffic. I’m making just less that 100k (in Martin county) and it’s very difficult to find a decent place to live. I don’t have any other real expenses than rent, electric, car insurance, and food. No kids, no car payment etc. I’m living in a 1 bedroom duplex with no washer/dryer, no dishwasher, tiny bathroom. Every time I try to find somewhere else to live, the prices are absolutely absurd, and I just decide to stay put.

@mharley3791

It’s wild that the United States has multiple states that are as wealthy as entire nations. Crazy

@x_xenvy1251

We were all waiting for Florida Man to make a difference... now it is time.

@ThevenimX

As a Floridian, PLEASE PLEASE PLEASE STOP MOVING TO FLORIDA

@alpo1231

i was born in Florida and the cost of living has been skyrocketing recently. It really sucks.

@JoseNunez-op5ye

I'm from central Florida and boy I'm scared for the future of the state. It was cool at first when people started realizing that FL is actually a great place to live in, but the amount of people from northern states that have moved in is just insane. Around 2019  you could get an awesome 2300 sq.ft house in a good area of Kissimmee or Saint Cloud for just 240k and those same houses are now going for well above 400k. I feel like we had a good thing and then when people realized it, it became popular and is slowly going away. I still love the state and will rather be nowhere else, but I fear that if this keeps up it might go the way of NY or Cali

@diane.moore-

Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.

@jeffc1347

I am from Orlando and can say the booming economy has lead to a COL that is so insane now that our main employers: Disney, Universal, hotels, restaurants, I-Drive, etc are all now perpetually understaffed because so many of their employees are moving away.  They are being replaced with Venezuelans and Haitian's who are more okay with the low wages/COL.  Even with all the apartments, condo's, townhomes, and single family homes that have been constructed and are under construction (and its a LOT, an endless sea of construction all the time), the rent has still managed to double in the last decade.

@Yay295

4:50 "The phosphate dug out of the ground in Florida supplies 3/4 of all fertilizer required by farmers in the country."
Except the document shown on screen actually says "Florida *and North Carolina*", not just Florida.

@XPXhumble

As someone that’s been living in Miami FL my whole life I can actually see and feel the city economy grow day by day it’s actually unreal us Floridian are now having to compete with people from out of states that were already making 3x more then us

@williamlloyd3769

Think another factor that gives Florida a natural advantage versus other states is that its international airports are the closest route to South American countries. Lots of wealthy foreigners have a second home and businesses in Florida. Cheap insurance incase your own country has troubles. It’s another reason why many banks have established headquarters or branches in the state to service their clients no matter where their original home is.

@Humble_Merchant

Florida man solos China

@tomkelly8827

I've only been to Fort Lauderdale but I was awe struck by their airport and seaport. So many planes flying in and out of a relatively small airport. They must have one of the best turn around times in the world. The sea port where we caught our cruise was insane! So many cruise ships there fueling up, doing groceries on a massive scale, all the workers and cruisers loading and unloading. They were masters of moving a lot of stuff around a relatively small area that is about half under water. Surely Shanghai would make it pale in comparison but on the world stage I would guess that that city is one of the most well run cities in the world.
We Canadians like to say how we are so much better than Americans in so many ways but my hat is off to all the folks who make Ft Lauderdale do what it does with what it has got.

@DannyHeat

As a Florida Man myself I can speak on this, HOW DARE YOU EXPOSE OUR MAGIC!!!

@mack-uv6gn

This isn’t the first time this happened in the US. Once upon a time Detroit was doing some heavy lifting for the US economy. It changes depending on a combination of factors.

@ChrisSeltzer

I'm a software engineer who moved to Florida after 10 years in New York.  The thing about Florida, beyond lower taxes, is that it's just an incredibly well run state government.  The instructure is well maintained, the public services are well run, and from the business side there's minimal regulatory headaches.  

I paid more than $1 million in taxes to NYC and New York state while living there and I honest to God have no idea where my money went since all of these things were worse there.

@jonescity

As a Native Floridian born and raised here. While I did enjoy the video and it addresses a lot of positives in our state. Florida still has glaring problems it needs to address quickly. Housing and HOMEOWNER INSURANCE are big ones. Both of which are becoming cost prohibitive even in some of the exurbs now.