Wall Street Journal: Is Florida Over?
The lead story of today's Wall Street Journal could well send palpitations across Florida's political and business elite. The article doesn't strike the death knell for Florida's longtime growth (and therefore, its economy), stating simply, "But for Americans on the move, Florida has become a less appealing destination."
But it does compile all the compelling demographic evidence that Florida isn't the bargain or attraction it used to be -- higher property insurance, a two-tier property tax system, stagnant school enrollment and the fact moving companies are reporting far fewer moving trips into Florida than ever before. Oh and there's the anecdotes of those folks who'd moved here and are now moving out.
We can't link to the story because of the Journal's subscription-only website, but here's a tease from the writer's 1,000-foot assessment: "Florida's reality has always been seamier than its sun-kissed image (referencing real-estate schemes, the drug trade and the state's lenient bankruptcy laws)...But growth has transformed Florida from an agricultural backwater to a key player on the national stage."