Why Florida and Texas are booming (and NY and California are not) | Economist Joseph Politano

[@etgaming6063]

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[@etgaming6063]

@@opencase9903 someone likes to gloat while not even remotely on the same topic and being racist at the same time👏 we aren't talking about getting "desk clerk jobs to pay the bills", all of us students have some sort of side job to pay the bills. We are talking about how getting our foot in the door in computer science with zero experience is near impossible lately. Also you just said you are studying CS too, implying that you don't have a CS job yet, proving my point👏 try to keep up bud.

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[@MichaelClarkson22]

She's a licensed broker and successful entrepreneur from the state.

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[@louislesch3878]

Not one hint of politics here, really?

[@VS-mn4tv]

I was thinking the same lol

[@Travlinmo]

No mention of Covid state response driving migration? Or did I miss it?

[@daShadoSage]

​@Travlinmo because it honestly wasn't a huge factor besides social media rambling. A lot of individuals did not uproot and make long-lasting financial decisions because of less than a year of COVID policy especially since most COVID shutdowns actually benefited individuals since they had an excuse not to have to go into offices or waste money and time in traffic. Housing, taxes, cost of living, and nicer areas to live were all much larger factors

[@AB-zl4nh]

He mentioned politics. The decision to be NIMBY or YIMBY is a political choice.

[@chadelles2586]

He literally said that CA and NY are going to have to reform policy if they want to keep up and stop the migration of people leaving

[@Ed-quadF]

This video identified about half the reasons. If you talk to people that have left CA for example, those aren't the reasons they give.

[@daShadoSage]

Housing, income taxes, cost of living, and nicer areas are all the main factors

[@OnlineT2024]

Bro mentioned every reason except the fact that the states people are moving to are Republican dominated and the ones people are leaving are Democrat dominated. Covid lockdowns, stopped prosecuting crime, punishing the successful and rewarding the lazy, etc. People are voting with their feet.

[@dailyrant4068]

The highly paid folks that left only do it because they have the option to, either by finding similar pay in Texas or the California employer lets them work remotely. None of them would do it if they were to take a 50% pay cut. Cities like Austin are building out as tech hub so it helps, even Meta has a lot of jobs there now.

[@IssacNetero19]

@@daShadoSage Former Californian here. Safety was the main concern for me. I had my car broken into four times and my home one time at Huntington beach. Even in the nice areas now crime has gotten out of control. Hopefully the state legislators will eventually come to there senses cause it really had a lot of lovely things about it.

[@daShadoSage]

​@@IssacNetero19​ Thanks for the engagement. I can understand your perspective and frustrating experience. But, you uprooted and left an entire state because of property crime experienced in one city? What state did you move to? I'm a Floridian. I grew up in a rough neighborhood. My parents in my later years grew to a safer city in the same county. Never had to leave the county let alone the state. That same area btw, has been going through gentrification over the past few years. And that's after crime, especially violent crime, plummeted. Now it became a steal it seems. But back to Huntington Beach, CA. I looked up the crime stats, up until 2024, crime overall is below both CA and USA national average. It's 4th fourth most populace city in Orange County and some crime is to be expected. But for property crime specifically, it's 22.55/1000 residents in 2024 so far. California overall, is 23.43, and nationally it's 20. So slightly above national, and below state. Interestingly, crimes per square mile in Huntington Beach is 1/177. National is 1/27. State us 1/87. So indeed, you could have possibly just moved even within the city not even county like my parents did. I can state my sources if needed but most crime data is freely available. I do this research whenever i move around the States. But what were you hoping the state legislator to do about property crime in Huntington?

[@BenMaclung]

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

[@LindamartIin]

The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.

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[@signalfire15]

It’s because the cities are unaffordable now.

[@KINduz3jp]

These cities became unaffordable because of Socialist democrats in the example of my hometown of NYC. Many people I grew up with had to move to another state because of all the taxes that helped illegals instead of tax paying citizens. Crime and inept politicians are another factor. Thanks De Blasio for starting the downfall of NYC back in 2014!

[@signalfire15]

@@KINduz3jp No, it’s not. The cities are unaffordable because transplants who have money buy up all the properties. There’s always a market for real estate in cities due to higher demand for jobs, which is causing prices to rise and people who are native to the cities to move out. De Blasio did ruin NYC but he’s not responsible for the insane rent prices that we are seeing post-pandemic. Your tax dollars are not going to help illegals. I’m an accountant in NYC. Turn off Fox News.

[@AtulKedia]

Cities are expensive because there is a higher demand to live there. They always are expensive, just before the pandemic people didn't have the option to stay away from the city and still earn the city money. Cities are still more desirable due to the range of opportunities for leisure they offer. People typically don't want to live in the middle of nowhere all by themselves as of there has been an apocalypse.

[@juan-ko5hz]

​@@AtulKediathat's only partly true. In NYC landlords prefer to have their places empty for years than lower their prices

[@AtulKedia]

@@juan-ko5hz perhaps some do. The city wide vacancy rate is still lower than any other typical city. Additionally, if the landlord is able to stay profitable even after keeping a couple of units empty that's fine, we are in a capitalist country.

[@pashpatitimsina]

This report is dishonest. What about the effects of crime and over regulations?

[@charleshuurmanocoineen9320]

We were in between San Diego or Austin. We liked more SA, but taxes and differences in regulations for our business made Austin a clear choice. So you are 100% right on your observation

[@gooseh4638]

They did mention regulation, subtly that is. They said in the video how there are less houses being built in the California. Why do you think that is? Probably because of excessive regulation and a lack of space in areas like California and New York. Now crime I am skeptical has a major impact. Every major city has crime, and cities like Austin and Seattle are not much better in that regard, both Austin and San Francisco having similar violent crime rates.

[@hughjass1044]

It's not dishonest because they're talking about why people move and those are not prime reasons why people move. Both serious problems for sure, and often reasons why certain people would like to move, but not the topic of this video. Crime affects poorer people disproportionally and those people are less likely to move since they can't afford to. Likewise, regulations hit small businesses hardest which are often location specific and can't just be uprooted and moved on a whim. The bulk of the people who are moving are not just the ones who want to move but also the ones who can move.

[@kerwinbrown4180]

​@@gooseh4638A lot of businesses complain about crime. It is certainly a factor as it effects insurance and other things in certain business sectors.

[@jones9309]

@@hughjass1044exactly

[@michaellazar4855]

The two biggest problems I see in California is lack of affordable housing and the urban sprawl, both of which I think negatively impact the quality of life. If you look at maps of the urban areas, they have lots of neighborhoods where it will take you 15 minutes to get to a commerce center, and an hour to get downtown. The arrangements do not allow for efficient public transportation, thus, endless traffic. I think Texas and Florida are going to see the same issue eventually. People relocate there because there is cheaper housing, especially when compared to high cost of living urban areas in CA, NY, MA, and Washington DC. If you look at areas like Huston or Austin in Texas, the urban sprawl is becoming epic. As more people move to the area, the price of a home in the urban areas close to work will increase, and if the growth sustains for decades, they will have the exact same problem as CA. The traffic will get worse and they will end up in the same boat as CA with high cost of living and epic traffic jams, no public transportation to ease movement, just with worse weather. I think the only way to mitigate the issues of cost of living and traffic is to build more dense communities that rely primarily on public transportation to get people from home to work to daily activities. Otherwise, get used to million dollar homes that are nothing better than a shack with hour plus commutes each way to work even though you are going no more than 10 miles, and spending way too much time in a car because it takes too long to drive anywhere due to distance and traffic. The areas that prioritize low housing costs and commute times will grow the fastest.

[@Kirill_Iaroshenko]

That’s a great idea, but probably won’t work in the US since it undermines the core pillar of American dream. I think your bright ideas would be labeled “radical left” and elected officials won’t support the policies. Maybe the younger generations will be willing to live in large multifamily buildings, but for now, everyone wants to own a house notwithstanding the costs and the traffic

[@michaellazar4855]

@@Kirill_Iaroshenko yes, I know. But, there are signs this is changing. People are beginning to recognize that housing affordability is a major problem in population centers and surrounding areas, and the only solution is to build more densely. Boston area cities and town, for example, are reducing or eliminating parking mandates for new building, so this will help. It will take time. Developing areas though should build smartly so they don’t develop the same problems. People can only take so much before they demand change, and we might be slowly getting there.

[@brgessner]

What's really silly to me is we have offices where everyone is answering emails and in zoom meetings. None of that requires you to be in person in the office. Even though we have had a decline in work at home, forcing everyone to drive downtown is an old wasteful idea. Instead of forcing everyone to live in a concrete hell you could have smaller branch offices if you really really need people in person.

[@thisissweeney5494]

I’ve lived in Florida for the past ten years and yes, since at least 2019 it’s become yet another unaffordable place to live unless you make $100k per household.

[@Mpl3564]

Agree. Just look to countries like Austria, where housing is affordable and the cities are compact and with huge quality of life. But this is more a cultural than a political issue. The American lifestyle is the opposite of central or northern European mentality, not just in red states.

[@DavidFekke]

Hmm, there was no mention of state income taxes. I am sure the fact that Florida and Texas have no state income tax have nothing to do with the migration out of California.

[@CJZM7777]

Florida doesn't have income tax but they have 6% state sales tax. They also require flood insurance and their home insurance rates are high.

[@DavidFekke]

@@CJZM7777 That is true.

[@charleshuurmanocoineen9320]

We were in between San Diego or Austin. We liked more SA, but taxes and differences in regulations for our business made Austin a clear choice. So you are 100% right on your observation

[@rh5776]

"California's GDP in 2023 was $3.8 trillion, which is about 14% of the total U.S. economy. California's economy is the largest in the United States and the fifth largest in the world." Statista _ 2023. Neither Texas nor Florida are even half that.

[@jasonmitchell7550]

California has been going woke and would be going broke, but the weather is just phenomenal so it has the luxury of always attracting enough people who are willing to pay the price.

[@eatmanyzoos]

not to mention nyc. seems like this video title is a bit misleading

[@eatmanyzoos]

​@@jasonmitchell7550 I'm sorry you were click baited into watching something educational.

[@rh5776]

@@eatmanyzoos No, educational is usually factual. Didn't quite make it with that crap. Texas and Florida have went as far up the chain as they'll ever get. Not set up for success. Intolerance; yes. Productivity; no.

[@HyperionMV]

Yes, and California is bleeding the very source of those figures to Texas and Florida. They are even loosing representatives in congress and electoral votes. You Trumpeting the past while ignoring the future and I'm sure you will be fine.

[@israelhernandezrealtor-con2412]

The weather and natural beaty in California is second to none. Unfortunately, what will continue to occur is that lower income people will leave the state to seek better opportunities in the booming states mentioned, while affluent people will continue to move to California's premiere locations, thus creating a larger wealth divide. Can't say the widening divide is good for anyone, we'll have to wait and see how it turns out.

[@admirallightningbolt]

Yup California is a state for incumbents who bought their home for 10% of its current value and the super high earning. It’s a tragedy for a state that has every natural advantage on its side to be made unlivable for 80% of people. I made low six figures and left to buy a house in a more affordable state, and now I shudder to think how long I put up with all the BS that goes on there.

[@bosskey23]

@@admirallightningboltCalifornia is at risk from the growth of Ai. A lot of those tech jobs will be replaced. Cali has high gov spending and their tax base is shrinking. Hence, the reason they are increasing taxes.

[@darbyheavey406]

The Middle class is leaving CA…the poor are supported by government programs.

[@Tangent360]

Unfortunately the great weather in California is mostly for those who can afford ~$2500/month apartment rents or nearly million dollar home prices near the coast. Move inland to more affordable housing (still expensive compared to the rest of the nation) and you get the 110F+ summers and the nasty air from coastal city smog being blown in.

[@dylanplumley280]

No matter how rich I ever will be, I am never moving to California. I want a mountain mansion somewhere remote in the Appalachian mountains or the rockies.

[@alkiskosh6536]

the reasons are simple California and New York have higher taxes and more regulations and less safe while Florida and Texas have low taxes and less regulations and more safe

[@elgringoconsabor]

These places are great if you aren’t working class. Native floridian here, and the value of my labor has decreased every year since I joined the workforce. Wages are not living wages here.

[@honkhonk8009]

Well I mean when you import a gorillion illegal immigrants, you shouldn't exactly be surprised that your wages are dropping. These states dont exactly outsource that much to india/china, which is why office jobs are alot better there.

[@iii-ei5cv]

Wages aren't exactly keeping up with costs here in NY either

[@angeljaimes9703]

Still better than ny and ca by a long shot

[@Foolofatook889]

Working class and I vehemently disagree.

[@eddie-lamardavis1354]

​@honkhonk8009 it's the illegal immigrants and bot just the state being cheap af?

[@Omer1996E.C]

These 2 states growing +20% and +14%, while the US is growing 2% per year effectively means that there are states with negative growth rates. But on average, the US is not actually benefiting, only the runners from taxation are. Whether running from taxation is good or bad is not what I'm arguing on

[@TheRobbieCorbett]

There are currently no states with negative growth rates because they are just replacing the American citizens that moved away with new illegal immigrants. which will guarantee their census number will stay high as well as keep the federal funding coming in.

[@ZboeC5]

CA gets to reap what it sows...I'm fine with that honestly. It was too much wealth and power concentrated in one state anyway.

[@nshs1234]

There are atleast 2-3 other states that don’t have state income taxes. I don’t see people going there. CA is the stupidest state in terms of govt. they want to regulate everything and people don’t like it.

[@jimenezccindy]

This 💯 the beneficiaries are the runners.

[@pbrown0829]

Keeping more of your income is always a good thing.

[@yuh_yuh50]

It's only booming for the 1 percenters because I live in florida and the average person is struggling like crazy, economic growth doesn't mean shit if that growth isn't shared with workers. If anything it makes things worse because wages have stayed the same and this 'boom' has only raised the price of things, especially housing. In my opinion, Florida and Texas are just setting themselves up to be the next California and New York. Ruled by out of touch, uber wealthy idiots, yet the people working for them can't seem to afford basic necessities despite spending most of their life at work.

[@andrewozzy]

I am not in tech in any way but I did grow up in Washington. I am living in Florida for school and I could absolutly see myself settling here permanently given the right factors.

[@NickCombs]

He conflated urban/suburban with pricey/affordable a bit. Given the choice, many people who can telecommute would still live in a big city if it was affordable, and in some places it is.

[@joeseabreeze]

One of the reasons I’m staying in a less affordable state is because the affordable ones won’t be affordable for long because everyone is moving there 😀. Can you imagine living in Florida in about 10 years? Hell no. The less affordable states will balance out and more affordable will get pricey and too saturated

[@gman7497]

Yeah I'm not mad about it,, Cali could and would be better with about 7 or 8 million less people. Especially people who have no love for the state and it's identity. Just want a cheap McMansion in the suburbs. See ya later I guess😅

[@ISpitHotFiyaa]

As long as they keep building they'll continue to be affordable.

[@travisdejong2354]

Already happened in Utah. We grew fast but I predict our growth will slow down due to the high cost of housing. Some people are even leaving the state because they can't afford a home.

[@jonf4287]

I copied the Mexicans. Moved to California to do the same job for more money, adjusted for cost of living, and then sent the money back home. Now I am about to own a few acres and a house in Virginia. Never would have been able to afford a house in Cali though.

[@joeseabreeze]

@@travisdejong2354 Yeah, happening in my state too because of high cost, but I'm ok with that because the population is dropping for a change and giving the rest of us a bit more breathing room :)

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How do I contact her?

[@Pedrougutg]

Please who is this Mrs Jane davis.

[@AkaRyrye83]

Simple answer - policy. Who the heck would move put of CA if it was affordable and politically pleasant? Nobody. I love the climate, but it is expensive and there is a lot of anti-business policy.

[@Chozzeone060907]

As a Floridian my whole life this is the worst time to live in Florida. Highest rent increases of any state, cost of living shot up, wages not following. I said I would never move away I love this state but I have begun to consider it for the first time ever if things dont improve.

[@dailyrant4068]

Whenever people laugh at CA folks moving to Texas and Florida, what they forget is that they bring in a lot of assets/wealth which will inevitably cause inflation in those places. They can sell their multi-million dollar house and buy a bunch of properties in Texas/Florida or build their own (which sucks up your construction resources). Nothing happens in a vacuum

[@Foolofatook889]

That’s so interesting. This has not been my experience at all. I feel like this is the best time to live in Florida. I mean, there’s a lot of traffic but otherwise it’s been great.

[@chrisw8011]

Did it really take 8 minutes to say people are leaving California because of prices?

[@PatrickRockwell24]

It doesn't really matter if Texas and Florida are America's new economic powerhouses because the US has shifted from a society built as a inclusive institution to a extractive institution which will continue to widen the wealth gap between "lords and serfs". It doesn't matter who you vote for, the US dollar continues to lose value as national debt skyrockets because of decisions in Congress that make a select few rich and the common men poorer. The same thing happened to the Romans when they shifted from a Republic to an Empire and eventually collapsed.

[@piRatCaptain]

The bigger the boom the bigger the bust in the recessions Good connection to the Roman's. They implemented currency devaluation very similar to what most developed nations do now

[@jasonmitchell7550]

Why would you say it doesn’t matter who you vote for when there’s one party constantly advocating for an ever expanding government?

[@PatrickRockwell24]

@@jasonmitchell7550 Mississippi has been a conservative state for a very long time and it's the poorest state in the union and it's been that way for a very long time. You still seem to believe this is a "party issue" which is f*cking sad.

[@rh5776]

Been hearing the same line of bull since 1980. Yet, here we are.

[@angelosenteio]

The same thing happens to all human organizations. They age and become self serving and fail to meet the needs and thus purpose for their existence. It’s called “Iron Law of Oligarchy”. What happens next is a return to the historical mean which is what your referring to, serfdom for the masses.

[@smb-zf9bd]

High prices become a burden. NY and CXA have higher living expenses, taxes, fees, utilities, transportation, construction. It discourages newcomers and entrepreneurs One factoid I like - FL has 2 million more people than NY but its budget is half! (read that again). This creates a huge burden on those choosing to live there and it's why so many businesses leave those states

[@AquaMittens57]

As a Floridian, I can say that the policies of Ron DeSantis and Greg Abbot certainly have kept the two states on their feet. Unlike the communists running California, and New York, it breaks my heart seeing such beautiful states being destroyed by Crime, and Urban gangs. 😞

[@Rosie2School]

I was waiting for someone to point out the obvious fact that the red states are expanding with the blues contracting!!! Thanks for letting me rant😄

[@wastingmylifeaway4898]

​@@Rosie2SchoolI mean, those people in blue states aren't leaving those states and changing their politics. So what's actually happening is that red states are being colonized by blue state voters. It isn't as much of a win as you think it is.

[@whynotmorewhisky]

@@wastingmylifeaway4898Actually, many of the people are moving because politics, as DeSantis’ 19pt margin of victory would indicate. Florida has become substantially more red since 2020.

[@drury2d8]

BS. Its oil money and tourism. Remove orlando, houston, tampa, and miami and see how the numbers plummet.

[@MarkSav1]

Florida and Texas had higher violent crime than NY last year, and California would be the 4 largest economy on earth were it a country. All set with Florida’s storms and associated insurance, and crime.

[@GeneralFactCheck]

Texas = currently best place to live in US Florida = currently best place to vacation in US

[@TheSpeckledMind]

Northern California will remain one of the most beautiful places on earth - not everyone will be able to afford to live in CA in the long term.

[@TheSpeckledMind]

@L-S-001 Nebraska?

[@EstherMoffett-d7h]

When states like California have high taxes, people move to states with lower taxes. This is a simple issue.

[@KAZVorpal]

Yes, but this video seems to essentially be covering up the issue of corrupt, repressive governments.

[@piRatCaptain]

What is saved in taxes are paid out in high insurance rates. You are never free

[@oSnapMillerTime]

Have you seen the property taxes in Texas and Florida?

[@PatrickRockwell24]

@@piRatCaptain Florida is in 6th place and Texas is in 20th place for the highest income inequality in the United States. These weirdos are so simple minded. "but mUh iNcOmE tAxEs".

[@eatmanyzoos]

but the taxes make better schools and infrastructure. that's the deal. its been the deal since the beginning of this country.

[@caleba411]

Texas and florida are creating massive housing bubbles just like what happened to California in 2007… Suburban sprawl is awful for longterm economics. Only even possible because the Federal government subsidizes those rich developers. Waste!!! Density matters! It directly correlates to affordability and sustainability.

[@seanthe100]

It's only a housing bubble when the growth is irrespective of basic economics like supply and demand. All three are increasing because of of a lack of supply and high demand that's not a bubble.

[@caleba411]

@@seanthe100 California was increasing too… what your not considering is growth is not finite. At some point the growth slows down and the cost of infrastructure that subsidized sub-urban sprawl catches up…

[@PastPerspectives11]

Density correlates to affordability ? How wrong can you possibly be ?

[@caleba411]

@@PastPerspectives11 look into it. Suburbs are subsidized and cost our society more than they contribute. Pretty simple actually…

[@joshuaortiz2031]

Not everyone wants to live like an animal in a cage that's what you get in places in urban places with high population densities unless you're rich. Some people want to enjoy the outdoors in privacy and not have to share that space. Some people want to grow things on the land they own. I don't get the appeal of living in a coffin home, a tiny apartment where you don't even have enough space to stretch.

[@jarrlo29]

I moved to Texas in 2020 as a teacher, but it’s becoming unaffordable and increasingly dangerous with crime and traffic. I lived in Houston’s Memorial area. As I thought of buying a home and thinking long term, I realized Houston was not going to improve. I moved back home to Kansas, and even here, I’m seeing tons of California license plates.

[@thedarkknight17]

How much was your health insurance as a teacher in texas?

[@jarrlo29]

@@thedarkknight17 I believe I was paying around $100 per month as a single person.

[@ziqi92]

California is finally taking the time and space to increase local public transit options and develop more mixed zoning housing, which is sorely needed. Traffic gridlock was killing us prior to the pandemic. The pandemic just caused people to vacate the expensive housing areas.

[@SalehAthwal99]

Mixed zoning never works as intended, perhaps 30% of the population will enjoy 90% of the luxuries (the other 10% of luxuries will be in the bad neighborhoods, which the 30% won’t go to and you get your enclave).

[@Shaqoneil81-ci7dr]

I moved from a blue to a red state. I sound like a hypocrite, but I wish it would stop. The city is inching closer and closer to the country.

[@Brandon96712]

Housing prices are unlikely to significantly decrease until there's a substantial increase in housing supply. In the USA , there's a shortage of millions of housing units, and construction isn't keeping pace. The constant demand for housing, coupled with population growth, means that even a slight price drop attracts numerous buyers who quickly absorb the available supply. I'm considering purchasing affordable houses in 2024 and possibly venturing into stock investments. When is the best time to enter the stock market? Some people say it is profitable , but others say it's risky. Any advice?

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Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

[@David-l6c3w]

Yep saw this coming in California over 20 years ago that the lack of housing would eventually break the state economy. I’m just surprised it didn’t happen earlier.

[@Raymund-Swales]

Left Key West after 29 years. Talk about broken.

[@HyperionMV]

Yes, and what was broken in Key West?

[@daShadoSage]

​@@HyperionMVhurricanes for one. Insane tourists for another

[@hungo7720]

At the end of the day, everything boils down to housing affordability and living costs.

[@richiemochi]

Yes, true but they don't discuss about the unrelenting property taxes, homeowner insurance rates, HOA fees, environmental disasters, no rent control, etc.

[@HyperionMV]

no rent control. It is hilarious you said that. Why do you think the real estate prices in cities with rent control are so high? Rent control = no incentive for new construction = higher prices for real estate = fewer home owners = more money spent renting.

[@GarzaB]

Property taxes are horrendous in TX!

[@user-tr1zj]

the property tax rate might be higher, but the equivalent property price is lower, so the net amount of property taxes you pay in Texas in comparable to that of California insurance rates suck everywhere, California have wildfires and Florida have hurricanes TX is not that bad when it comes to natural disasters, mostly tornados here and there rent control: when are you kommies gonna learn that price controls cause other negative, unintended side effects?

[@Agtsmirnoff]

You actually think rent control is a good thing😂😂

[@Squibtorious]

Happy to see the boys shitting on rent control 🫡🫡

[@MrHotrod79]

These recipient states also have lower taxes and less local government overreach.

[@johnjunior22]

Simply woke ideology.

[@elibolton6235]

I’m just sick of my taxes from Nebraska paying to insure the houses of people moving to land where there’ve been hurricanes for centuries.

[@northwing3416]

A 7 minute video to tell you they charge less taxes than other states smfh.

[@MaryLopez-em3rc]

They get ya one way or another. Low income taxes equal high property taxes. Very unstable energy grid in the south.

[@ISpitHotFiyaa]

That's part of it but housing costs are a bigger issue than state taxes.

[@MaryLopez-em3rc]

@@ISpitHotFiyaa true but utilities and property taxes are also a large part of cost of living. I have a paid up house in SoCal and I guarantee their utilities and property taxes are higher than mine anywhere in Texas.

[@Lords1997]

I would’ve included the recently passed legislation like the bipartisan infrastructure act, the CHIPs acts, the IRA. All bills that brings job growth to every state, but more specifically the south and Midwest due to their prime locations for clean energy projects which in turn brings tech jobs due to the low energy costs and alternatives, not to mention manufacturing.

[@Diatonic5th]

Good luck getting homeowners insurance in Florida! Not to mention that Florida will likely be hit with another massive catastrophic weather event soon.

[@HyperionMV]

We all have insurance in Florida. Yes, there are hurricanes, something you see coming weeks in advance as opposed to earthquakes, forest fires....

[@jimenezccindy]

@@HyperionMV about 12% don’t

[@naptime0143]

​@@HyperionMVWith the rate of insurance companies leaving that state not everyone does and it will continue to effect newcomers to that state

[@HyperionMV]

@@naptime0143 Citizens insurance is an insurer of last resort and will insure anyone. We chose to insure ourselves by putting the money in a CDs i stead of the insurance company's accounts.

[@americanexpat8792]

I moved to Houston in late 1987 for 30 years. Reason was cheap housing and my specialty, Chemical Engineering, was there. There's lot of cheap land there in all directions. However, when I got to retirement, I left and currently live in Ireland, but likely headed back to Chicago. Reason is that it's damn hot in Houston and only getting worse with climate change. Plus, flooding is such a major issue and it is chronically congested and it will never get better.

[@JA-tg2if]

A teacher friend of mine just returned from a national convention for teachers, where the main goal was to do professional development for curricula that addresses teaching about climate change. She was shocked to learn that two states have bans on teaching climate change or using the words climate change: Texas and Florida. Economic growth and new jobs are great, but buyers beware.

[@nanszoo3092]

Ironically, I grew up in Florida in the 70s and learned so much about ecology in and out of school. I hate what is happening to Florida - even now I find it hard to believe, and I'm almost glad I had to move due to lack of affordable housing in 2018 just as DeSantis was being elected.

[@jacko.6625]

It's ironic that Florida will be hit hardest by the global warming. It seems that large areas of south Florida will be flooded.

[@johnklens8812]

Didn’t even mention state income tax as another reason why people are leaving

[@Abc123hdbr]

People that dont make it in CA and NY go to Texas and Florida. We have a lot of homeless people here because they rather be homeless in CA than sheltered in your state.

[@seanthe100]

False. 😂😂 Many retirees move to Florida and they often have millions in assets idk if that's "not making it" to you. Not to mention for Young people making $200,000 or more they're overwhelming moving to Florida and NY and CA are loosing massively.

[@Abc123hdbr]

@@seanthe100 the point of the news is how weird is it that people are actually leaving CA and going to Florida and Texas. Nobody saw that coming, I mean come on Florida... Florida...🤣

[@megasbaladoros]

Somewhat interesting. Medium quality. This content was enough for 2' tops. 2 stars.

[@stupendouslife8128]

Florida is overpopulated, I have been trying to get a decent and well pay job for 3 months already, there is enormous surplus of work force, very, very few openings and bunch and bunch of people applying for a single job 🤦🏻‍♂️ The pandemic and DeSantis worse policies opening wide the state to any one moving to this state is killing us, real state, insurance, groceries and every single thing here is skyrocketing prices, I missed when Florida was nice and quality of live place to live.

[@joshuamorales1095]

I'd say it depends on where you are and what field you are in. Jacksonville, Orlando, Tampa, and Miami are all high cost of living and more competitive than the smaller towns outside. Polk County is still super rural, Osceola County is having its development boom right now. Then you still have the panhandle and the counties near the Everglades that are still straight swamp and marsh. Florida is not overpopulated, the major cities are.

[@stupendouslife8128]

@@joshuamorales1095 You are right, from central Florida to the south, unfortunately that is the area where I am trapped, looks like the rest of the state doesn’t exist, I would like to see all that people moving to those areas that your are mentioning and come back to good times over here, but it is not going to happen, It is what it is, right?

[@joshuaortiz2031]

​@@joshuamorales1095 Polk county is great if you want to die of boredom

[@ar-ro5ov]

Tbh its not overcrowded but rather its a problem of bad infrastructure which affects the whole US. We are missing mixed housing which is why we only build single family homes which is inefficient and makes our country more dependent on cars. This creates an endless stream of unaffordable housing and overfilled roads in our country. Im from Seattle where its slowly getting better but we need to change the way we build our infrastructure ASAP.

[@thesedulous]

Great backdrop for the talking part. Would love to see a tailored suit next time

[@richardtodorov]

No mention of politician policies

[@avi_mandal28]

Let me just say, a 20% growth rate in GDP is no joke at all, it's huge

[@rickjames18]

I think you forgot to mention the more controversial issues like rising crime in places like California or Oregon or New York. Issues like over regulation and policy changes that have just been counter to business, New York and California for the most part have been very bad in those categories and that is why we are seeing such a drop in job creations or other areas.

[@nias2631]

CA needs to change more than just its number of homes constructed, but also airbnb type rental properties, foreign investors, hedge fund buyers, and house flipping. Homes are meant to be lived in as part of the community. Not speculated on and have the price driven up as semi-short term investments.

[@urso15]

Except that they don't need to reform anything. They just have to make employees give up their working remote model, and demand from employees to come to work on site .

[@hypnotst86]

I left california and will never vote like a californian again. I hope others realize this and vote accordingly to the indigenous population they've migrated to.

[@jeffreyvalentyn6815]

So fall in line? Don’t hold opinions? There are elements of CA politics that have led to emigration, but in large part its demand and the differing contexts of CA and Texas. Everyone wants to live in CA because of its unmatched climate and scenery. So that drives up demand further raising prices and straining resources. CA also holds immense geographic diversity making development rather difficult. TX doesn’t really have the same characteristics. Land is largely flat and expansive, climate (while not nearly as mild as CA) is decently uniform throughout, and their cities have a lot of room to grow. This is what has encouraged the growth of Texas and the plateau of CA. It’s apples and oranges to say CA would be better if it held TX politics because they are such innately different places

[@hypnotst86]

@@jeffreyvalentyn6815 My opinion is that you are someone who overthinks and still fail. It's impossible to change people who are insane (doing the same thing, and expect different results).

[@jeffreyvalentyn6815]

@@hypnotst86 lmao I didn’t know providing reasoning was “overthinking”. All im saying is it’s best to ask “why” more rather than labeling people, places, or ideas as simply bad or good

[@hypnotst86]

@@jeffreyvalentyn6815 and that's how you confuse yourself. Occam's razor.

[@shaunmcgowan-d8u]

The geography of Florida as an extended barrier island would be the largest mitigating factor to extended economic performance.

[@FlutterSwag]

One word: Taxes

[@PatrickRockwell24]

Imagine expecting a 1st world nation while paying the bare minimum in taxes.

[@PastPerspectives11]

@@PatrickRockwell24imagine calling the way the US “cares” for its populous ‘1st world.’ How does that boot taste, clown ?

[@matthewdice8567]

@@PatrickRockwell24 Imagine expecting the government to be your savior

[@matthewdice8567]

@@PatrickRockwell24 You just want to live off welfare and contribute absouletly nothing to society.

[@PatrickRockwell24]

@@matthewdice8567 The government has kept you from eating with chopsticks your own existence.

[@MegaGuapo97]

In other news, water is wet. This like a middle school presentation.

[@cloudnationmedia8326]

Florida is actually going downhill 😳 (homeowners insurance issues, HOA inflation hikes, and everything else inflating 😂. I'm not saying people aren't foolish enough to move their but the Cons are tremendous.

[@eatmanyzoos]

its about to go down below sea level

[@seanthe100]

Yet more people move to Florida than any other states. Florida is building 200,000 homes a year holding the country up

[@harrywirrelson9628]

@@seanthe100RIP the new homes 😪

[@zirconiumdiamond1416]

​@harrywirrelson9628 the new homes will be fine. Post-Andrew construction is quite resilient to wind, and modern building codes mandate building above the 100 year flood plain. While there will always be some unlucky few who get hit with a 500 year storm, the vast majority of the issues that you see are either old construction, or homes that were

[@UpperZenith]

Also consider: GDP growth solely from inflationary pressure on price structures - such a Consumption and Government spending - two main components of GDP

[@davidrawlings7325]

I live in California and I’ve seen a lot of my neighbors move out to Vegas and Texas. Guess what happened after that? Other people bought their houses and moved here. So what?

[@dvd4133]

What kind of cherry picking statistics is this.

[@canterburyworkshop5631]

There are so many factors hitting the US right now that it is impossible to predict trends in anything. If you haven't started becoming more self-efficient then you had better start.

[@rrvillareal2011]

There's a lot of fraudster and scammer in Florida

[@davidsun7695]

Let’s not forget the ton of AI startups in the Silicon Valley… it’s almost like the more expensive Bay Area gets, the more top talents it attracts.

[@ACTHdan]

GDP doesn’t always correlate with social progress and happiness

[@ACTHdan]

America for example, is generally malnourished, obese, and illiterate. But their GDP is amazing.

[@newyorkeranew]

Sophomoric and disappointing. Suggesting that changes in housing policy and transportation are key provides little insight into underlying fundamentals.

[@timlinator]

California GDP growth is 6.1%. Also California population is once again growing not shrinking.

[@CaliforniaWesternForces]

CA HIGHEST GDP IN THE COUNTRY 🙌

[@theluckyone3212]

Fr a quick google search shows Texas at like 7 and California as 6. On average the US seems to be 2 so the reality is all these states are booming

[@Edgar-th1zk]

GDP growth and gdp are two different things

[@timlinator]

@@Edgar-th1zk California gdp growth is about 6%. Texas about 7%. Not much of a difference.

[@Edgar-th1zk]

@@timlinator It depends. If I have 50 of something, and you have 50 of something. And my growth rate is 6 and yours is 7, Then my stash went from 50 to 350 and yours went from 50 to 400. Your stash is looking better. But if I start with 150 and you start with 50 mine grew to 2800. That's why I pointed out Gdp and growth rates are two different things and why both need to be considered in tandem when evaluating the health and success of an economy.

[@ThePaleoJunkie]

NIMBY anti-new housing is one issue, but property taxes, state income taxes, sales tax, and onerous business regulations push up costs which punish start-ups make running or starting a new business difficult. Employment law in NY and CA put burdens on employers which TX, FL, TN and others don’t. I live in NY and have for most of the past 30 years and I’m tired of the high cost of living, taxes, and red tape…can’t wait to get out of here in the next few.

[@phoenix5054]

China's 5.2% growth is pretty sus given they are aging fast, population declining, nobody investing in real estate, manufacturers leaving, and having the negative net FDI for the first time in decades.

[@AbdulRehman-fn4nk]

This idea that China's population is aging/declining is a little misleading at best and outright copium at worst. To put numbers today China has about 385-400 million people that are between the ages of 18-40. Another 285 million children aged less than 18. That is a much larger work force than of US.

[@SalehAthwal99]

They are not investing in real estate cuz lots of their projects got stopped due to Covid and hella ppl lost money (explains some of the illegal Chinese coming to America). Plus China tends to not have homeless people, so they are investing in trains and other things (compared to America that has Elon musk tryna get green energy going). China may fabricate some numbers, but we all lied about our dog eating our homework once.

[@thomasgrabkowski8283]

@@AbdulRehman-fn4nkChina’s economy largely still growing thanks to huge amounts of rural farmers moving to cities and taking up far more economically productive urban jobs

[@BrianGivensYtube]

People are running away from bad policies. Companies too (like Tesla).

[@AH-xs3hg]

Real jobs or ghost "jobs"?

[@larrymcdonald8084]

Florida's case is different from Texas and could bestly be explained as a retiree hub with lots of real estate and tourism opportunities due to a business-friendly climate, which can be found in Texas as well. In my eyes, Texas has unique features that Florida (or any other state) does not have. Texas is poised to become a structural internal superpower in the contegious United States and perhaps (among) the reason(s) of the U.S. maintaining their superpower status. Texas has enormous and vast natural resources leading the U.S. in terms of oil, natural gas, and renewable energy production. Its ports (Houston,Freeport,Corpus Christi, etc.)have direct access to the Atlantic Ocean via the Gulf of Mexico, thus allowing manufactured goods and natural resources to be easily exported to Europe and South America without the geopolitical burdens of the Hormuz strait and the Suez Canal. Every single sector of the economy is currently booming in the Texas Triangle (Tech, telecommunications , biomedicine, real estate, manufacturing, entertainment, tourism, construction). The state is located right in the middle between the East and the West Coast on the geographic center of the United States. Because of that feature alone, it has already become the largest transportation hub of the United States.The sheer volume of cargo being transported and handled by Texas' airports and ports far eclipse any other state. Research labs and facilities of emerging technologies are popping up all over Texas. NASA,Google,Netflix, SpaceX, Tesla, Oracle, HP, Airbus, AT & T, Dell are just some of the companies that have enormously expanded 7:38 their footprint in Texas in the last years. Besides that, Texas is still the center of the United States Military's contracting after D.C., weapons and systems manufacturing is no.1 in the nation. Texas also has the second- youngest population in the nation besides Utah.

[@LeBeauNoiseur]

My name is Joseph Politano and I'm pretending to be an economist

[@gideonbrown4215]

I think having a bachelor’s degree in economics and political science does in fact, make you an economist.

[@LeBeauNoiseur]

@@gideonbrown4215 He probably has a PhD in cherry picking too

[@eatmanyzoos]

@@gideonbrown4215 only a bachelors? isn't that like four years?

[@gideonbrown4215]

@@eatmanyzoos I think that’s right. And that’s four more years of university-level economics than I’ve done.

[@kettei5408]

This is one of the best political comment sections I've seen on this platform. All good points and discussions without the memes or the haters. My bad minimal memes and haters😅

[@lakenneth374]

Let's look at Venture Capital distribution in Billion: California $104.02 ...NY $29.24...Mass $21.35...Illinois $10.45...Texas $10.26...Florida $7.24. Even Tesla had to relocate their engineering department back to California.

[@jaybartgis5148]

Floridian here. Only thing "booming" is our homeowners insurance premiums.

[@gravestone4840]

The top 5 states for high poverty rates are conservative. The top 5 states for receiving federal welfare funds are conservative. The top 5 states with the highest crime rates are conservative. The top 5 states for high illiteracy rates are conservative. The top 5 states with the lowest wages for workers are conservative. The top 5 states for the largest gap in wealth between workers and business owners are conservative. And they manage this all while having smaller populations than liberal states. Despite what voters have been told by politicians, the fundamental philosophy of conservatism is that the average person cannot be trusted to make their own decisions or to write the laws that govern them, only wealthy landowners have the connections and wherewithal to lead. It is the political ideology most readily picked up and championed by the elites, in a conservative state there is no "We the People". If you want to experience a system of feudal serfdom, move to a conservative state. You'll be the virtual property of your boss in no time. They've made sure that the conditions are perfect in their states for exactly that all while screaming "FREEDOM" the loudest. Florida and Texas having a high GDP (something only beneficial to the rich elites) is more proof of that philosophy in action. The thing right wing voters hate most about democrat politicians is ironically their adoption of conservative methods. Democrats between 1920 and 1970 were the defacto party of the working class, at least until Ronald Reagan showed them how conservatism can make them rich at the expense of workers. All the culture war bs is there to distract you from that fact, they told you that social nonsense is what being a conservative means. All while transferring as many dollars from your pocket to theirs as they can get away with. Conservative ideology is at the very heart of the rot in our government.

[@jasonmitchell7550]

Which city do you live in?

[@gravestone4840]

@jasonmitchell7550 Ahh the classic whataboutism of calling out those pesky "democrat run cities" as if that makes a difference when we're talking states and nations. Or as if those cities dont have Republicans in the legislature as well who vote the laws in... As per usual with right wing thinking, youre trying to pick the choicest of cherries to "prove" your point. Its based on falsehoods and purposefully omitting facts unfortunately so the argument falls flat when you look at the numbers. Those cities still have less crime per capita than any of the top 5 conservative states even with 3 times the population of those states. And to answer your question, I don't live in a city, I dont like having neighbors. I'd take any of those cities, neighbors, crime and all, before I moved to a conservative state however.

[@robertd9850]

How many of those states are being overrun with illegals? How many have the organized shoplifting rings that are permanently closing down retail stores including large chain stores? How many of those states let me have my guns without a hassle? How many of those states keep men out of women's bathrooms? Cite all the cherry picked data you want, liberal states are liberal because of their liberal big cities which are overcrowded, expensive, crime ridden hellholes. I know. I have lived in them.

[@yesway112]

I also cite the onion for my stats source

[@robertd9850]

Liberal states are that way because of their liberal cities, most of which have become very expensive, crowded, and dangerous sewers to live in.

[@itskeser]

How's the traffic and electrical grid reliability in those growing areas?

[@jasonmitchell7550]

I live in Texas and couldn’t be happier. The only issue is too much illegal immigration.

[@Joelmonterrey]

This is unusual because this growth happened despite the politics in each state. It was just large groups of people looking for something in another state after being enabled by their remote job. Very interesting!

[@Mr.Miller9]

Taxes. Red State. That’s why

[@lilnug1]

The most impressive one on that first map is Nebraska because they have not had the population growth of Texas or Florida meaning they have just been that much more productive

[@MarcoBonechi]

Immigrants. Not productivity

[@DavidNelsonATX]

There are two significant concerns for Texas in the near long term growth: fresh water and Taliban-like state policy. Demand for water is overtaxing current supply. And policies are already making companies choose other places to relocate over Texas. And when we talk about “Texas” businesses we aren’t talking about the state, we’re talking about the triangle…and if you wat to get charitable four other locales (El Paso, Midland/Odessa, Lubbock/Amarillo, and the Rio Grande Valley).

[@Alan-lv9rw]

Conservative areas thrive. Liberal areas die. This is not a surprise. I moved from NYC to Dallas in 1986. It’s so depressing when I go back “home”; Democrats have killed the Northeast.

[@toddwaldrum1720]

Now the big problem is cost of living going up with these new salaries coming in to the regions

[@sekabi2455]

0:41 Love it when smart people have a sense of humor. 😂🙌

[@narrator-timothymckean]

I don’t think economic booms are indicators of health the way it’s implied here.

[@sirchadiusmaximusiii]

Never trust a man with that type of voice. I learned that during the pandemic. Listen to Thomas Sowell if you want an actual economists thoughts.

[@KAZVorpal]

Yes, since he was acknowledging the move away from the corrupt authoritarian states, I was surprised to hear that his voice was so whiny and low testosterone. But, sure enough, it turned out that he is actually an apologist for the authoritarians, trying to whitewash the issue By ignoring the real reasons.

[@joetheperformer]

This is actually very good for these respective economies. It’s the national economy balancing itself out with human migration. Cali and New York (declining economies) needs less people, while Florida and Texas (growing economies) need more people. It’s fine. We’ll be fine. Please be fine.

[@TheDeepening718]

Conservative and Conservative.

[@PatrickRockwell24]

Why is Mississippi the poorest state in the Union if "Conservatism" is the key to utopia?

[@Diatonic5th]

​@@PatrickRockwell24Red states also have the highest crime rates and rely on federal funding.

[@jasonmitchell7550]

@@PatrickRockwell24 Nobody is saying red states are utopia but they are great places to live, work, and raise a family. But yes, illegal immigration is definitely a problem here in Texas.

[@PatrickRockwell24]

@@jasonmitchell7550 Oh really? So why are places like Alabama, Alaska, Utah, Mississippi, Tennessee plagued with poverty, racism and crime??? How does that translate to a great place to live, work and raise a family? The fact that you keep doubling down that somehow one party is better than the other shows you're completely naive and you've obviously made peace with that fact.

[@PatrickRockwell24]

@@jasonmitchell7550 Why are suicide rates the highest in places like Montana and Alaska, both RED STATES??? You're trapped in an echo chamber Bubba, and it's sad that you're too stubborn to realize it.

[@joaquinmacrae6084]

How about taxes and security?? it has nothing to do with it??

[@prandomable]

China??? I didn't know China is in the US...

[@warrentrout]

No one said it is

[@prandomable]

@@warrentrout comparing China to Texas is dumb. Texas is not a country. Unless seccession happens...

[@Patriot1789]

The environment for business is good because of the tax situation. The environment for workers is still crappy because income goes a little farther BUT housing is still expensive and the tax situation for workers is regressive because what you buy is taxed at 8% or more, while state taxes are relatively less than Blue states BUT THE WORKER GETS BUPKIS IN TERMS OF GOVERNMENT SERVICES AND SUPPORT. The electrical system in Texas failed during the latest heat wave and many people died. The system also failed last winter and people froze to death. WAY TO GO Texas! Florida didn’t fair very well when hit by hurricanes and citizens now cannot pay for housing insurance.

[@michael2275]

Left + time = hell

[@4lo275]

Do those gdp growth numbers adjust for inflation?

[@orangeninja912]

❤ Texas

[@9898youtubefan1]

Great work