One of the great things about Blogstream is that my posting can be read throughout the US and all around the world. Obviously, I live in Central Florida, and often joke about the weather here, especially in December, when I can compare air temps with those of you in more
northern climates.
If you're thinking about coming down to join us here in the "Sunshine State", think again. My local newspaper, the Orlando Sentinel, has an
article out today that says you probably can't afford to do more than just visit.
According to the Sentinel;
"Between 2001 and 2004, the average salary in the Orlando area went up 3 percent. The cost of housing increased 41 percent. In 2005, the gap widened even further when housing costs escalated faster than almost any other area of the nation.
Meanwhile, this area has been the nation's condominium-conversion capital. About 20,000 apartments this year have been converted to pricey condos.
All this translates into an affordable-housing crisis, which has serious implications for Central Florida's service-based economy."
You see, anybody who has lived here for a while knows that the Orlando Metro area is built on a false economy.
In most places, such as where you live, local workers are paid enough to spend a portion of their income in local businesses. If you underpay your local work force, you ultimately take money out of your local economy.
Seems fair, right?
Down here, however, you can get away with paying your workers minimum wage ($6.15 an hour in Florida) and can do just fine. You see, the merchants here don't have to rely on the locals to stay in business. They can count on tourists from a more robust economy (the Euro is worth more than $1.20 as I write this), or from Americans who will spend whatever they have to, because they are
"ON VACATION".
So when housing prices are zooming upward, and wages are stagnet, is it any wonder that even the Sentinel can spot a crisis?
Me? I was lucky...
Back in 1997 I actually bought a house I could not afford today.
My mortgage is less than most people now pay for rent.
So, if you are looking out your window at ice and snow and thinking of moving to the "Sunshine State", I really do suggest you think again.
By May, your weather will have changed...but we will still be in a third world economy with first world expenses...and it only gets hotter down here.
Of course, you're always welcome to visit...
just bring money. (and we do take
Euros)