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beware of news articles these days, almost everything has an agenda
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I think the most serious problem for high tax states is that the majority of people leaving are the higher earning residents, with significant savings. They paid the majority of taxes for those states and are fed up with that cost and the politics driving up the cost of living there. They flee to Florida, taking their wealth with them.
The majority of their replacements moving into those states are illegals who are a huge financial drain on the state and cities because they consume public funds. Rarely do we ever hear about wealthy people moving into these states. Financially, those states are hurting badly, and time is only making it worse. |
Florida is relatively cheap compared to other states this big: California and NY for example.
If you can’t afford it, move! I tell my kids the same thing. Most people here don’t realize what people are spending in other states. 8 years ago, I met a lady that lived in Connecticut and had a decent nice house (my house in the south at that time was 2x bigger, had more land, custom, and I was paying $4,000), and they were paying $30,000 in property taxes. How is your social security taxed here? There is no income tax here. |
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UM - in May 2024 “ Today, U.S. News & World Report announced that Florida is again ranked #1 in the nation for education. The publication’s Best State ranking is based on a combination of strong performances in higher education and K-12 metrics.” Florida Ranked #1 in Education for Second Year in a Row |
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“As of June 2022, we estimate that large institutional investors own roughly 574,000 single-family homes. We have defined an institutional investor as an entity that owns at least 100 single-family homes. To put this in perspective, there are 15.1 million one-unit rental properties nationwide. This would suggest that the total institutional ownership share is 3.8 percent; https://www.urban.org/sites/default/...Properties.pdf |
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That makes me laugh, I'd like to see the criteria and who funded that study for Florida.:1rotfl: |
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https://www.usnews.com/news/best-sta...on-and-economy |
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According to the article, number one for Higher Education but not nearly as good for K-12. |
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However, the article is right on for Florida. Someone did their homework for this article. On the other hand, if a profile was developed for all states in the union, one may find some of the same issues. Bottom line, we all get to pick and choose but our experience personally is many friends have departed Florida. Some have stayed. I think part of the problem is the structured lifestyle gets so stale after while no matter how many things one joins. |
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