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...
Marketwatch notes that “the rate of inflation in the Tampa Bay region was the highest in the country. Prices rose an estimated 7.3% from June 2022 to June 2023, well above the 3% rate for the nation as a whole.”
Last month as well, inflation was huge across much of Florida.
“Residents in the Miami-Fort Lauderdale-West Palm Beach area saw prices shoot up 9% in May compared with a year earlier. By comparison, nationwide inflation for the same period was less than half that rate, with prices rising 4% in May compared with a year earlier,” CBS News reported on Tuesday. “People living in the Tampa-St. Petersburg-Clearwater area have it slightly easier, with inflation rising at a 7.3% annual pace, but that’s still much higher than the U.S. as a whole.”
Why?
“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.
Ignoring real issues to scapegoat minorities and fight a culture war that alienates migrant labor and discourages business investment? Destroying his state's economy to throw off the national curve and own the libs? Either way, bold move, Cotton. How's that working out?
Among GOP voters, DeSantis is now at just 17%, which matches his all-time low says Morning Consult. He “is losing ground to Biden: DeSantis trails Biden by 5 percentage points in a hypothetical general election match-up, and hasn’t outperformed the incumbent since March.” source
If I'm not mistaken, DeSantis is out at Florida no matter what because of term limits for the governor. So I am not surprised to see slipping poll numbers for favorability. I am shocked to see him diving below the margin for error beneath a democrat in a presidential toss up poll though!!
I am shocked to see him diving below the margin for error beneath a democrat in a presidential toss up poll though!!
The margin of error for that poll is significantly <5% for the Biden face-off:
Latest survey conducted July 7-9, 2023, among representative samples of roughly 6,000 registered voters, with an unweighted margin of error of +/-1 percentage points.
That is the lowest I've ever seen a margin of error. During general election voter polling, the average is 3-6%, which is why I found the 5% lead Biden has on DeSantis so surprising.
Keep it nice for the rest of us Americans that will have to migrate there once global warming really starts taking a hold... I'd rather go there than Iowa.
I actually love it here in winter. It's so nice to put on a fire and be snug as you watch the snow fall. I grew up in Kentucky, and the winters there were just drizzly and chilly and gray and none of the fun stuff about winter but all of the yucky stuff. Not its best season, for sure.
I love staying at home watching the snow fall during winter, it’s beautiful, but unfortunately the cold makes my joints hurt so it’s not as fun for me. Having spring and fall is fantastic though, before I moved up here I kinda assumed a lot of the “spring is amazing” sentiment was cabin fever from the months of cold, but nah, spring is pretty great in it’s own right. I grew up climbing the crabapple tree in my grandparents yard on summer vacation and had no idea that it bloomed in spring.
CPI is a better indicator for anyone who isn't living on trust fund growth, and that shit is up 12.3% since July 2021 nationwide.
That's unsurprising given how much of inflation was driven by food and energy costs. More info here for those who want to know more about the difference between these related metrics.
To be honest Florida has been a shit hole for the longest time. You basically have to ignore the problems in order to ever come to the conclusion that is where you want to live.
“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.
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.
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.
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.
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.
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.
Not too long ago Florida was a purple state. It may be again someday. Don't write off the hard working victims of the very slight, but very vocal, majority.
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