Americans learned Wednesday morning the rate of inflation nationally has dropped dramatically, to just 3% annually, down from over 9% one year ago.But not in Florida, which MarketWatch reports “has the highest inflation in the U.S.”For much of the year, even before his presidential campaign official...

Americans learned Wednesday morning the rate of inflation nationally has dropped dramatically, to just 3% annually, down from over 9% one year ago.But not in Florida, which MarketWatch reports “has the highest inflation in the U.S.”For much of the year, even before his presidential campaign official…

  • style99@kbin.social
    10·
    1 year ago

    “Florida’s inflation rates are skyrocketing and the state now leads the nation thanks mostly to the rising cost of housing,” NBC Miami reports Wednesday.

    In fact, many reports point to housing prices, which shot up 55% in Florida since the start of the pandemic, compared to 40% nationwide, CBS noted.

    Makes you wonder why people keep moving to Florida.

    • HuddaBudda@kbin.social
      8·
      1 year ago

      A few reasons. I’ve lived in Florida nearly all my life. Only thing I can warn people is that Florida changes more than the weather. Crime doesn’t sleep but our government sure does. So we’re usually the proving ground for crazy ideologies.

      1. People aren’t moving to Florida, Cooperate money is.

      Nearly 1.7 million homes in Florida have no occupants because companies can claim tax credits on empty homes they could not rent out for the year. So they can claim amazing returns from investments, and claim tax credits on their returns because they couldn’t rent out the overpriced homes. It’s government welfare for landlords.

      1. People are fleeing Florida

      It’s bad. how bad will take time to tell. The stores are closing down, the leasing signs are coming up, and people in charge are pretending that they are winning because DeSantis is on the ballot.

        • HuddaBudda@kbin.social
          6·
          1 year ago

          I certainly don’t forget why that is.

          Since taking office, DeSantis has given away $2 billion of taxpayer money in industry bailouts, while taking in $3.9 million in campaign donations from those same insurers. In addition, the governor has stripped Floridians of their ability to sue insurance giants who wrongfully deny claims by removing their ability to recover legal fees. Meanwhile, rate hikes, rubber stamped by the state, have nearly doubled average insurance costs, with homeowners now paying nearly three times the national average.

        • Frog-Brawler@kbin.social
          2·
          1 year ago

          I like to tell everyone outside of FL about my insurance cost increases. When I purchased my home in 2017, $990 was the price tag for very good insurance on my home. Today, my insurance is $4200, and it also had a “roof exclusion,” until I recently replaced the roof to the tune of $10k.

          I really want to get out of here but I am not sure where I would want to go. I always just assumed that one day my career would force me to move. Well, most of the good positions within my career field are fully remote now, so I don’t expect that I’ll ever be forced to move somewhere either.

    • Ganondorf@kbin.social
      7·
      1 year ago

      Makes you wonder why people keep moving to Florida.

      To own the libs by losing your uninsurable belongings/assets and going broke from out of control inflation - duh.