3 ms·
Florida CoL is driven by out-of-staters (specifically New England snow birds and retirees). earned money out of state and then buy vacation properties or primar
by itake 3y ago
Florida CoL is driven by out-of-staters (specifically New England snow birds and retirees). earned money out of state and then buy vacation properties or primary residences.
No-income tax attracts people living on a fixed income (gained by being employed out of state via Social Security, Pensions, and traditional retirement accounts).
Florida income cannot compete with NYC income, even if there is no income tax.
- WarOnPrivacy 3y agoIn short we're saying: Market forces responded to lower taxes by sharply increasing the cost of living.
- itake 3y agoClearly that doesn’t work, bc high cost of living states, like ny or ca. would have lower col Instead we see the opposite.
- WarOnPrivacy 3y agoAnd yet, that is the thing that happened here. Maybe those other places were affected by factors that exist there.