[ExI] to hold or not to hold

[BillK]

On Mon, 25 Mar 2024 at 23:23, <spike at rainier66.com> wrote:
> Ja.  So is New York inherently better than West Palm Beach Florida because of geography?  And really where I am going with this: Is Florida a viable alternative to New York for the financial hub of the USA?  If I can convince myself that it is, I am compelled to hold the Florida property for now.
>
> Power corrupts.  The New York Attorney General was handed the power to seize property for overestimating its value, even after the entire loan was paid off and the bank showed up assuring the court that it lost no money.  The "crime" had no victims.  But New York could seize every building forming the skyline by that reasoning, cram it with homeless people.
>
> spike
>------------------------------

I think you may be looking at this the wrong way.
It has little to do with Wall Street and stock trading.
I can't see Wall Street stock market moving out of New York.

What is happening is that businesses are moving offices and HQs out of
New York and Illinois, down to Florida and Texas for tax reasons and a
more attractive political environment. That should be good for Florida
real estate values, which is your concern.

BillK