Florida is now America’s inflation hotspot
Florida is America’s inflation hotspot because of a persistent problem with sky-high housing costs.
https://www.cnn.com/2023/07/10/economy/florida-inflation-hotspot-regional/index.htmlOpen linkView original on lemmy.world
As a floridian I can't wait to get the fuck out of here!
Same, i feel bad for those i'm leaving behind but this place has become the beacon of insanity and the crazies are swarming here. I have to do what's best for my family and I have the means to leave so I'm gtfo.
I wonder how much of that is because Florida has way more than a normal percentage of retirees, and the 401k's (for the people who have them) are recovering nicely this year. A lot of retirees didn't save much, so are struggling as much as anyone, but a non-trivial number were able to plan for retirement and are doing okay now, so they're still able to pay the higher costs that some others aren't. Plus, after a certain age, there isn't as much incentive to hold off on purchases.
If it makes you feel any better, a lot of the state will literally be under water in the next 100 years.
Yeah, too many damn people moving in