Hi, I’m Bette Hochberger, CPA, CGMA. A very recent of looks like it’s dated yesterday’s opinion editorial in the New York Post; apparently, New Yorkers are still fleeing the state and moving to the sunshine state of Florida. Now, Floridians, for anyone who’s been living here since I guess the pre-pandemic, we’ve seen this, we know. We know how little housing there is and how many drivers are on the road, but we have an official number now. Watch the video below to find out what that number is!
Florida Department of Highway Safety data says a 12% increase in the number of New Yorkers swapping their driver’s licenses for Florida’s just in the first four months of 2022. So many people, it’s crazy. Then not only that, it’s high-income people who are moving. Now, anecdotally, we’ve seen this. We’ve seen the people I talk to who are moving, who want to know how they’re going to save on taxes, how it’s going to help them. We’ve seen it in the housing prices, but it’s exciting to have that confirmed with actual data.
If you want to hear more about the Florida housing market, check out last week’s Finance Friday with Alexa Rosario. We talked all about what was going on. It was fascinating, and please check out the article. It’s just fascinating. It’s interesting to see what’s changed over the last few years. New Yorkers, we are so happy you’re here. Keep Florida weird. Okay. Let’s not turn it into a new New York. We love it the way it is; just don’t change anything. Enjoy the sunshine state, and we will see you next time. Thanks.