4 ms·
Well, for one, Florida is one of the largest states and an economic powerhouse. It's business environment is completely driven by residential and vacation real
by Spooky23 1y ago
Well, for one, Florida is one of the largest states and an economic powerhouse. It's business environment is completely driven by residential and vacation real estate. They have a regulatory and tax environment that is attuned to extract money from migrating old people and vacationers.
Flood insurance has allowed proximity to water = $$$. Water is desirable, but banks dislike risk. People are attracted to the place to avoid income taxation. Anything that slows down the real estate flywheel is a political death issue, and Florida's unique position as an election kingmaker at the federal level gives it alot of power.