Will Florida Become The Next New York?
Will Florida Become The Next New York?
Interesting video I saw, also have heard people talking about this but what are your thoughts?
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I sure hope not, my fiancé is a NY 10 and a Florida 7
Hahahaha, are you saying that Florida girls are better than NYC? Another great factor that Florida can become the next New York.
Grew up in Florida, lived in NYC. Different type of girls.... wouldn't blanket it as black and white as FL > NYC.
I'd say FL girls usually have the edge when it comes to figure, which would make sense.
Bro like 75% of the female population in Florida is blonde and smokin hot...I grew on the gulf side near Tampa, and the ugly girls there are east coast 8’s, they’re on a totally different level. Only downside is that they’re all fuckin retarded l, I mean dumbest human beings I’ve ever met
Hopefully not...Need a place to move to eventually where I don't get skull fugged in taxes. I think there is something that disallows state income tax in their state charter or constitution or whatever it would be called though.
I don't see enough FO roles moving to FL to make a difference. New York has its reputation for a reason -- even if the taxes suck.
Lower chance than NYC voting in a Republican mayor post DeBlasio
Dude, Miami will never replace NYC. The energy is completely different.
I'm from Miami and can speak to this. However, Miami will continue to grow and be recognized as a major city if it isn't already.
Probably would increase it's standing even further as a finance hub for LatAm deals though.
This is true.
Laughed out loud at this post.
Miami guy here. As much as there is noise in the news recently about folks moving down here, it will take a WHILE before we see Miami as a Banking/sell-side hub. Mostly Buyside and VC is moving here (any tech bros reading this, welcome to our city but leave your shitty culture and politics where you are coming from). Which means you still have to go through the analyst years in NY/Chi/SF or elsewhere. No BB is moving there IB down here, GS news was for their AM division. Citi/JP/BAML/GS all have Corporate Banking and huge Private Banking presence down here to cover LATAM and domestic wealthy families. Bloomberg and WSJ make it sound like there is some sort of mass exodus out of NY every day. A 10 people HF shop or some real estate billionaire buying up a villa in Palm Beach doesn't mean anything near. Cheers!
No shot
It is not going to happen as the public school systems suck in Florida. Plus I do not think that most people want to be in Florida from May until September. It is way to fucking hot and humid.
Most people here mention sending kids to private school in NYC so your point is moot.
Nope. Most people I know in NJ, LI and PA have sent their kids to public school. They are people who could have sent their kids to private schools but chose not to. People around here primarily send their kids to private school for religious reasons.
Most people dont want to live in the northeast November through March either.
It is not that bad living in the northeast in those months. Just wear a coat and gloves
Ahhh yes, I forgot about the great public school system in NY!
New York spent $69 billion on K-12 schools in 2017 compared to Florida’s $28 billion. Yet the states have about the same number of kids enrolled—2.7 million in New York and 2.8 million in Florida. (source: https://www.cato.org/blog/new-yorks-government-twice-size-floridas). USNWR has Florida as the 6th best state for high schools and NY is 10th. NY spends almost 2.5x more on schools and has worse outcomes.
Oh damn someone call up Jamie Dimon and tell him he fucked up.
https://www.usnews.com/education/best-high-schools/articles/how-states-…;
Putting aside the fact that those rankings are based on "percentage of total schools in the top 25% of the country" and I have little confidence in how a magazine could honestly "rank" every high school in the country, if we use your enrolled numbers and the school counts listed in the link (NY 1218 and FL 602), then NY has roughly twice the amount of schools that Florida does for the same population, meaning smaller class sizes and higher costs given high fixed costs for each school. Not to mention, the benefits in NY are INSANE when it comes to public funding for special education - many people, including some of the richest names of finance and entertainment, are getting public funds to send their kids to 70k a year special education. It's kinda weird seeing those same people gripe about socialism but I digress. All of that means that while a kid with severe developmental abilities might just get lumped into the generic special ed unit in Florida, in NY they have free access to top resources a florida student would need to pay for.
I'm trying to say that NY spends ALOT more because it focuses a lot on those students who aren't the top of the class or are poor via more schools and heavy funding for special ed. That's not gonna translate to "top schools" when rankings are based on SAT scores and College placement.
NY spends a lot more because its tax base is fine with high tax rates and doesn't hold politicians accountable for what they spend. Let's not pretend that funding special ed is the reason NY spends $40B more per year than Florida. I don't even have a dog in the fight - I've never lived in either state. Education, like most things, can only be improved so much by throwing money at problems. We would all be better off if at least state and federal government had to produce periodic reports showing what the ROI / benefits are on the incremental dollars they spend. Of course, they wouldn't do that because it'd show how wasteful most programs are.
Additionally, even if extrapolating the school counts from that link to all schools in the state, that wouldn't nearly account for the difference. Just because the number of buildings is different, doesn't mean class sizes are different. Regardless, in the end it is all about results. I don't have any reason to believe the difference in K-12 public education between the two states is material, and there certainly doesn't appear to be enough to justify a 2.4x cost difference.
Miami is a billion degrees and will soon be underwater. Plus, no underground transport so if population swells you'll just get screwed by traffic.
I think you really underestimate how many family offices and traders have moved to Florida over the past year.
Not even close. NY is more than banking jobs. It's the financial hub of the universe, food, theater / entertainment, college destination, hospital system, culture / museums, sports, massive diversity, home to many F500 HQs and ahs the whole tristate area to leverage. Miami is a cool city with an international vibe, but it's lacking many of the non bling things that really matter. And as someone else said, the public school system in this state sucks. That's a big deal. So save your money on state taxes but pay 25k+ per yr for private school and high RE tax.
We got lucky and found good charters before there was a lottery necessary. Today, we would have had to pay for private for middle school and high school. Our street (50 homes max) had 6 high schools represented (one public, one public charter, four privates). The university system in nowhere near as strong as schools up north.
agree it will never happen
Underrated point. As much as I'm sure creepy MDs would like to start recruiting UM coeds, Miami is definitely a step behind NYC in the academic regard.
Florida is the new Connecticut because CT raised taxes. It will never be NY because the sell side is here, and the sell side is here because the exchanges are here and the exchanges have so much infrastructure and have achieved nash equilibrium here given the needs of HFT that no one is moving. Yes, AM will continue to travel south but we saw the same exodus in the 90s to Greenwich due to taxes. Florida will reach critical mass and may well grow the industry the way Fairfield county did, but it will never be the hub.
Only if they are able to keep the locusts out. Everyone knows whom I am referring to.
Interesting takes, but do you people think FL will become a place that more finance/tech people will start moving to and actually become a hot state
Hell no. Florida was a temporary enclave for firms during the pandemic but barring a few, no one is moving permanently down there and I doubt more will. There may definitely be an increased presence there given the cost (and it's much easier to get people to Miami than it is to Jacksonville or Dallas) but that's about it in my opinion. Will be interesting to see as NY opens back up fully how opinions on Florida being a permanent hub shift.
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