Tax those who attempt to leave

From Fox News:

Mansion sales rise in Florida as wealthy buyers are drawn to its low taxes and sunshine

Is bigger really better? It’s true to Florida buyers. Many wealthy buyers are moving to the Sunshine State for higher ceilings — and a lower tax bracket.    

Luxury Florida homes have wealthy Americans making the move from high tax areas like New York, New Jersey and California, cutting their tax bill and increasing the size of their homes. It’s a movement many are calling “tax migration.”

Jay Parker, CEO of Douglas Elliman Florida brokerage, one of the largest residential brokerage firms in Florida and Manhattan, said New Yorkers are the new “foreign” buyers.

“We have really created the perfect storm. The age of our population, the tax benefits of moving to South Florida. Someone that wants lifestyle, amenitization, really an experience in their living environment. Larger units, higher ceiling space,” Parker said.

The Tax Cut and Jobs Act — passed by Congress and signed by the president in December 2017 — capped the federal deduction for property, state and local taxes at $10,000. As a result, high-income earners are fleeing their home states and looking to the Florida real estate market for a better quality of life.

New York Gov. Andrew Cuomo on Monday blamed Trump’s tax law on the number of people leaving the state, saying it had contributed to the state’s deficit.

….

“People that are moving here, they are moving quickly, they are moving consistently. They are looking for opportunities, they are evaluating the market and I think all of these things combined really are very favorable to us in the state of Florida,” said Parker.

But Parker said it’s not like New York is losing ground to Miami — it’s still the hotting market in the country.

“I still believe New York is still positioned to be the most important real-estate market in the country, if not the globe. It is just an opportunity for us now to expand our luxury market and to become a safe haven,” Parker said.

This entry was posted in Demographics, Economics, Property Taxes. Bookmark the permalink.

140 Responses to Tax those who attempt to leave

  1. grim says:

    Build a wall on our southern border. Armed guards at the Delaware Memorial Bridge. Tax out of state pension distributions.

    Boom.

  2. The Original NJ ExPat says:

    Fristish

  3. 1987 Condo says:

    Taxing out of state may not work:

    On Jan. 10, 1996, Congress enacted the Pension Source Tax Act of 1996 (P.L. 104-94). This law specifically stipulates that, “No State may impose an income tax on any retirement income of an individual who is not a resident or domiciliary of such State.” While the Source Tax law still allows individual states to define residency on their own terms, it prohibits any state from taxing non-residents for pensions earned within the state. If you earn a pension in Vermont, for instance, then retire to New York, Vermont may not tax your pension income.

    https://finance.zacks.com/pay-taxes-pensions-state-retired-state-living-in-8131.html

  4. Not Bloomberg News says:

    So Virginia has issues with the Governor, Deputy governor and AG. Next inline is their Speaker, republican.

    With “youthful indiscretions”, #metoo movement, twitter, internet..we will soon have no “eligible” politicians..at least no male eligible politicians….

  5. Grim says:

    Laws are laws until they are changed.

  6. Not Bloomberg News says:

    Yep.

    1. Doubt red states would support a change
    2. NJ already has a $100,00o income tax exclusion (2020), effectively making us a no tax state for those over 62 with incomes under $100,000.

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  8. The Great Pumpkin says:

    Most selfish pricks on the planet. Make a ton of money off the infrastructure system in place in NYC, which costs a ton of money to support. They used the infrastructure more than anyone in the area since they made the most money in this area. Yet they leave as soon as they can to avoid paying the costs of their actions.

    Talk about selfish pricks. All about themselves. Avoid paying taxes in the place that gave them the opportunity to make that fortune so that they can buy bigger homes that they really don’t need. Losers! This is not what makes America great, this is what hurts America. Give back instead of always taking.

    “Is bigger really better? It’s true to Florida buyers. Many wealthy buyers are moving to the Sunshine State for higher ceilings — and a lower tax bracket.”

  9. Blue Ribbon Teacher says:

    I love how Cuomo blames flight on the reduction in tax breaks. I thought taxes didn’t cause people to move? Oh wait…maybe it’s lack of tax breaks cause people to move.

  10. The Great Pumpkin says:

    It’s boomers. They are done making their money and running away from the costs they have created from making their fortune. Add in the fact that people are lemmings, so when they see other rich retirees doing the same thing, they follow like lemmings.

    These are not people currently making their money. No money to be made in Florida unless you are connected with the local politicians and main players.

    Blue Ribbon Teacher says:
    February 7, 2019 at 9:48 am
    I love how Cuomo blames flight on the reduction in tax breaks. I thought taxes didn’t cause people to move? Oh wait…maybe it’s lack of tax breaks cause people to move.

  11. The Great Pumpkin says:

    Wonder who owns the alarm company. We have cell phones, wtf do we need silent alarms? Stop wasting money and put it towards the infrastructure you are destroying with the overuse of salt and brine (still want to punch everyone in the face that complained about having trouble getting home because the roads were not oversalted….makes sick how we are destroying the infrastructure and environment).

    “It will cost between $2.5 million and $12.5 million to install the alarms, according to the non-partisan state Office of Legislative Services. The money will come from a portion of a $500 million bond voters approved last year that will pay for improvements to public schools, vocational schools and community colleges.”

    https://www.nj.com/politics/2019/02/every-public-school-in-new-jersey-will-soon-have-silent-alarms-in-response-to-parkland-school-shooting.html

  12. D-FENS says:

    The Hedge fund investor who paid the most in taxes of any citizen in the entire state of NJ, picked up and moved his entire business to Florida.

    Dude is still making tons of money.

    https://www.nytimes.com/2016/05/01/business/one-top-taxpayer-moved-and-new-jersey-shuddered.html

    The Great Pumpkin says:
    February 7, 2019 at 9:53 am
    It’s boomers. They are done making their money and running away from the costs they have created from making their fortune. Add in the fact that people are lemmings, so when they see other rich retirees doing the same thing, they follow like lemmings.

    These are not people currently making their money. No money to be made in Florida unless you are connected with the local politicians and main players.

  13. The Great Pumpkin says:

    If he didn’t have an established business for decades, you think he could start this business in florida? This is not a rich individual with a fortune, this is one of the richest people in the world. A billionaire. He definitely owns the politicians in Florida and knows all the players on a first name basis.

    D-FENS says:
    February 7, 2019 at 10:37 am
    The Hedge fund investor who paid the most in taxes of any citizen in the entire state of NJ, picked up and moved his entire business to Florida.

    Dude is still making tons of money.

  14. Provocateur says:

    Yet nobody protested Michael Jackson’s years of wearing whiteface.

    You know what word I’d be happy to never see or hear again? “Cringe”
    It’s the new favorite attack word from the younger generation, and now the older folks are using it too- blah blah blah was “cringeworthy” or blah blah made me cringe. Everyone thinks their feelings are so special that even just a bit of perceived distaste or embarrassment or dislike becomes some imperative to be avoided. Other people are going to say or do things you don’t like. Get over it. Overcome your little cringes little babies. You weren’t going to buy that damn Guggi sweater anyway because it looks like crap and probably costs $1000, so nobody needs to hear on instagram how looking at it makes you cringe, or hear about your protest for social justice about how a handful of rich girls might accidentally wear some weird black sweater that makes half her face look like Aunt Jemima.

  15. Blue Ribbon Teacher says:

    These are not people currently making their money. No money to be made in Florida unless you are connected with the local politicians and main players.

    Take your kid to Disney.

  16. No One says:

    Punkin,
    You are a fool. I know plenty of people who set up all kinds of businesses in Florida. Including investment firms, fund managers, hedge funds, started by and hiring people who never lived in your incredible tri-state area. I even remember meeting a guy who was a full time penny stock broker, and part time slumlord. A career goal for you to aspire to – all in Florida! You are truly blinded by your blindness. There’s a great big world outside of Wayne, though your little mind cannot grasp it.

  17. Blue Ribbon Teacher says:

    lol

    It’s the unanswered question that’s been asked dozens of times over the past couple months and probably the last one Gov. Phil Murphy wanted to get asked Wednesday night during a telephone town hall he used to promote a new $15 minimum wage bill he just signed into law.

    But the man identified as Anthony pulled one over the people screening the calls and went there.

    “Who hired Al Alvarez?” Anthony, the second-to-last caller on the hour-long event asked the governor, referring to the former top aide who Murphy staffer Katie Brennan says raped her during the governor’s election campaign in 2017.

    “Not the question that you said you were going to ask, obviously,” Murphy responded.

    “Here’s what I’ll say to that,” the Democratic governor continued. “I put out a statement today about a report that came (from) an investigation into this whole matter … and I would encourage you to read that. I’m also going to speak with the press (Thursday).”

  18. ExEssex says:

    Pumpkin knows this it’s not like he’s stupid…..riiiight?!

    NJ – sorry to say – is really only appealing due to NY.

    Sure it’s a coastal state, if you like heavily polluted beaches that charge admission.

  19. The Great Pumpkin says:

    Blue,

    How much Disney pay their workers?

    Yes, some make money in Florida, but the majority make nothing.

  20. Ottoman says:

    On the plus side, in 50 years there won’t be a Florida. Or a billionaire class…with heads.

  21. Blue Ribbon Teacher says:

    I lived in Florida for about 5 months. I hated every minute of it. But I’m not going to pretend that cities like Orlando aren’t bleeding cash from the incredible amount of revenue they take in. I have an old friend that recently moved to Florida from New Jersey. He was working at the Whole Foods in Paramus in a managerial position. Seems he’s now making less money, living in a bigger house, and enjoying life. Good for him.

  22. ExEssex says:

    11:17 there are some very decent firms in FL – like most though you won’t see big $$$ til you are in Sr. Management. Sales gigs are strong earners in FL especially the Latin American market. But above all else, it’s cheap to live in FL. The two things you have to watch for are oppressive humidity and elderly drivers.

  23. The Great Pumpkin says:

    Yes, all businesses set up to take advantage of paying lower taxes.

    Almost every single one was started elsewhere and moved there after decades of being in business. I’m sure if you are starting an investment firm from scratch in florida, you will find some quality workers to get your ship going. ROTFLMAO

    Florida is filled with dirtbags along with 1%ers living in high rises or gated communities to keep themselves away from the rift raft. This is not some desirable place to live unless you can afford homes in the millions.

    No One says:
    February 7, 2019 at 11:30 am
    Punkin,
    You are a fool. I know plenty of people who set up all kinds of businesses in Florida. Including investment firms, fund managers, hedge funds, started by and hiring people who never lived in your incredible tri-state area. I even remember meeting a guy who was a full time penny stock broker, and part time slumlord. A career goal for you to aspire to – all in Florida! You are truly blinded by your blindness. There’s a great big world outside of Wayne, though your little mind cannot grasp it.

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  25. ExEssex says:

    11:42 — Seriously? You are far more likely to meet dirt bags as they float in from Newark or Camden. East and West coast FL are quite different, but I lived there for 5 years and wasn’t overrun with scum bags. The count is actually lower there than you’d find in Jersey.

  26. Ottoman says:

    Because there’s no well documented history of white people being lynched, enslaved, and impoverished by black people in this country.

    The original intent of blackface was to portray black people as stupid and happy to be subservient to white folk. I assume you, like Fast Eddie and Pumpkin and the other bright lights here, still believe this to be true.

    Provocateur says:
    February 7, 2019 at 11:04 am
    Yet nobody protested Michael Jackson’s years of wearing whiteface.

  27. Fast Eddie says:

    Ottoman,

    Why are you using the name of a foot rest to post? What can we do to raise your self-esteem sweetie, so that you can at least call yourself a chair?

  28. Fast Eddie says:

    I assume you, like Fast Eddie and Pumpkin and the other bright lights here, still believe this to be true.

    My family spent holidays giving time and money to inner city kids. How much of your time and money have you given?

  29. The Great Pumpkin says:

    No one,

    You love capitalism and consider yourself a savvy investor. What investment firm has the advantage, the one in NYC metro or Miami? Now, why? Competition is tight and you need the best workers. Sorry, Miami isn’t helping you win that competition. You need the NYC competitive advantage. That advantage means a lot more than the tax rate. If you are a true businessman, you know that the quality of worker outweighs the tax rate. Anyone arguing taxes is the major factor in business decisions is full of SH!T. It is the infrastructure and quality of worker that matters, otherwise everyone and their mother would be in low tax Kansas as opposed to nyc and san fran.

    Florida is home to scam artist buisness minds.

  30. The Great Pumpkin says:

    Who cares about blackface. Why don’t we focus on why legions of minorities are not taking advantage of the 20,000 dollar gift of an NJ education? Why? WTF does this have to do with white oppression? So until you can answer why the minorities are not taking advantage of this helping hand, quit with the racist excuses. That’s a hell of a helping hand that is being wasted…..are they racist towards themselves? Why do they not value education? They do more harm to themselves than a racist white could ever do.

    Ottoman says:
    February 7, 2019 at 11:46 am
    Because there’s no well documented history of white people being lynched, enslaved, and impoverished by black people in this country.

    The original intent of blackface was to portray black people as stupid and happy to be subservient to white folk. I assume you, like Fast Eddie and Pumpkin and the other bright lights here, still believe this to be true.

  31. The Great Pumpkin says:

    What a waste of our money. Losers!

    “The House Intelligence Committee, now controlled by Democrats, has reopened its investigation into Russian interference in the 2016 election”

  32. ExEssex says:

    12:09 nooooo you have a sitting President compromised by a foreign power. It’s very dangerous for the Country and a direct violation of the Constitution .

  33. Libturd...look me up in Costa Rica says:

    There is an exponentially growing market opportunity in Florida. Tattoo removal.

  34. Fast Eddie says:

    Essex,

    12:09 nooooo you have a sitting President compromised by a foreign power. It’s very dangerous for the Country and a direct violation of the Constitution .

    Was Hillary compromised when selling plutonium to a foreign power?

  35. Blue Ribbon Teacher says:

    Which home is in worse shape? Lenny Dykstra’s or Murphy’s soccer team’s home?

  36. Libturd...look me up in Costa Rica says:

    Caputo, the sponsor of that stupid silent alarm bill (which won’t do a damned thing), is a triple dipper. Gotta love NJ.

  37. chicagofinance says:

    Ottoman: your mon!ker represents an Empire that killed and oppressed my Albanian ancestors, and forced their religion on them. I feel triggered every time I see it.

    Also, what is you comment relative to this?
    https://www.amazon.com/White-Chicks-Shawn-Wayans/dp/B000T417Z4

    Ottoman says:
    February 7, 2019 at 11:46 am
    Because there’s no well documented history of white people being lynched, enslaved, and impoverished by black people in this country.

    The original intent of blackface was to portray black people as stupid and happy to be subservient to white folk. I assume you, like Fast Eddie and Pumpkin and the other bright lights here, still believe this to be true.

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  39. ExEssex says:

    12:21 your boy is in deeeeep trouble. He knows it. Hilary ain’t got shit to do with anything anymore. Stop deflecting and own this shit. Trumps a serious risk.

  40. ExEssex says:

    12:19 ain’t that the truth! Horrendous.

  41. D-FENS says:

    You’re joking right? Do people actually believe that?

    ExEssex says:
    February 7, 2019 at 12:14 pm
    12:09 nooooo you have a sitting President compromised by a foreign power. It’s very dangerous for the Country and a direct violation of the Constitution .

  42. The Great Pumpkin says:

    From the opening article……who is leaving NYC and buying houses worth this much? What a bunch of selfish pricks. Pay the taxes; this tax based govt has made you a fortune. Give back and stop being so damn selfish so others can also do well in the future. Our infrastructure and education system is begging for money, yet these selfish pricks rather run away from helping future generations of Americans have the same opportunity that they had. They had the great education system and infrastructure in place from previous generations, yet refused to do the same for future generations. Stop being greedy and make America great!

    “When they move here, many of them are buying $10, $20 million houses, sometimes “$30 million houses, and it is actually a bargain because they are saving so much on state taxes and city taxes that the house is almost free by the time you calculate everything,” Campins said.

    Miami is also attracting Hollywood A-listers as well as rich foreigners.

    “You are seeing more and more celebrities, ultra-high net [worth] individuals which are sort of pseudo-celebrities, make their way down to South Florida,” said Parker.”

  43. Libturd...look me up in Costa Rica says:

    “You’re joking right? Do people actually believe that?”

    I’d say it’s just about as believable as the Kenyan Birth Certificate kerfuffle.

  44. Fast Eddie says:

    Essex,

    You’re working now, yes? What is it you do for a living?

  45. 30 year realtor says:

    To quote you: Other people are going to say things you don’t like. Get over it!
    Did you actually read what you wrote? Take your own advice!

    Provocateur says:
    February 7, 2019 at 11:04 am
    Yet nobody protested Michael Jackson’s years of wearing whiteface.

    You know what word I’d be happy to never see or hear again? “Cringe”
    It’s the new favorite attack word from the younger generation, and now the older folks are using it too- blah blah blah was “cringeworthy” or blah blah made me cringe. Everyone thinks their feelings are so special that even just a bit of perceived distaste or embarrassment or dislike becomes some imperative to be avoided. Other people are going to say or do things you don’t like. Get over it. Overcome your little cringes little babies. You weren’t going to buy that damn Guggi sweater anyway because it looks like crap and probably costs $1000, so nobody needs to hear on instagram how looking at it makes you cringe, or hear about your protest for social justice about how a handful of rich girls might accidentally wear some weird black sweater that makes half her face look like Aunt Jemima.

  46. GdBlsU45 says:

    Isn’t multiculturalism just grand?

  47. GdBlsU45 says:

    I got another great idea. Let’s hand our entire economy over to spring whose only qualification in the real world is mixing drinks.

  48. Bruiser says:

    Yo!, 8:19 AM
    For funsies I entered the zip code with the highest % of seriously underwater homes (Trenton, NJ 08611) and Google Maps centered on the Mercer County Food Stamp Office. How apropriate.

  49. ExEssex says:

    2:04 i’m Just a gigolo …. and everywhere i go….

  50. The Great Pumpkin says:

    “Now that Donald Trump has criticized the “new calls to adopt social!sm in this country,” Democrats and the media are already protesting that the social!st label doesn’t apply to them. But what are they afraid of—the label or their own ideas? The biggest political story of 2019 is that Democrats are embracing policies that include government control of ever-larger chunks of the private American economy.”

    https://www.wsj.com/articles/whos-afraid-of-social!sm-11549498364?cx_testId=0&cx_testVariant=cx_1&cx_artPos=0#cxrecs_s

  51. Yo! says:

    State of New Jersey
    Division of Taxation
    Revenue Processing Center
    200 Woolverton Street
    Trenton, NJ 08611

  52. The Great Pumpkin says:

    I have to admit, I’m getting scared. The damage these new politicians can bring to our country is beyond frightening.

    “Some readers might think this is all so extreme it could never happen. But presidential candidates don’t propose ideas they think will hurt them politically. The leftward lurch of Democratic voters, especially the young, means the party could nominate the most left-wing presidential candidate in U.S. history. If other Democratic candidates oppose any or all of this, we’d like to hear them.

    The American public deserves to have a debate about all this, lest it sleepwalk into a social!st future it doesn’t want. Credit to Mr. Trump for teeing it up.”

  53. Juice Box says:

    How the heck does destroying capitalism and replacing it with Democratic Soci*alism cure whatever-isms…race, sex etc that may have affected you and yours?

    Does it really mean we are all equal because we are all poor?

  54. The Original NJ ExPat says:

    Pumpkin is so00000 High School. What a moron.

  55. AOC me now says:

    Billions to billionaires -?! That’s why you are poor.

    Think about it.

  56. Comrade Nom Deplume, Expatriate American says:

    “On the plus side, in 50 years there won’t be a Florida. Or a billionaire class…with heads.”

    Or Ottoman.

    The Billionaires won’t be here. They will be elsewhere. With their heads and their money.

  57. Blue Ribbon Teacher says:

    I got another great idea. Let’s hand our entire economy over to spring whose only qualification in the real world is mixing drinks.

    What would be hilarious is if an interviewer gave her a surprise question on various mixed drinks to see if she was even competent there.

  58. ExEssex says:

    My own view is that most billionaires do create some value, but they generally take more than their share of money and power. Their wealth far exceeds their economic contributions. Plutocrats don’t deserve the guillotine, but neither do they deserve billions of dollars.

    Plutocrats are, above all, rentiers.

    The rentier class
    Most wealth is created, maintained and sustained by extracting unearned rents from the rest of us. The wealthy take advantage of monopolies, asymmetric information, network effects, regulatory capture, artificial scarcities created by patents, licenses or trademarks, bailouts, subsidies, protectionism, financialization, and globalization.

    In economics, “rents” is a word that means “leveraging control over something that already exists, such as land, knowledge, or money, to increase your wealth,” in the words of economic historian Rutger Bregman. The concept dates back to Adam Smith and David Ricardo, who argued that owners of land or natural resources could demand payments in excess of what’s required to bring their land or resources into production.

  59. ExEssex says:

    And pumpkin thinks the ‘scumbags are in FL”

    https://www.nj.com/

    Check out the front page today
    Especially the Kid who hung his friend – neato

    Hard to figure but Jersey seems to be swimming in scum.

  60. Bystander says:

    I’ve decided LinkedIn is a bull$h*t fantasy world where people like to post fictional, inspiring stories and where 20 year HS dropout “recruiters” try to get your network. It is certainly is not the greatest job hunting site. Ear is still to market. Latest was tech recruiter for Sr risk IT PM at Millennium Management. He sends me link to connect with note that he has a hiring privilege for job. I don’t accept but send note. He says pay over 200k and bonus up to 500%. BS indicator is up but I say ok let’s talk. He sets up phone screen with his manager then 2 hours later says position was put on hold due to budget concerns. This is why I never accept recruiter connections. They are more useless that t*ts on a bull. Current IB comp day, no raises for most (not me joining late 2018) and 4% bonus (not me either as I got practically nothing after proration). Wow, real fear that they will lose employees. Economy is greatest ever..so said Orange clown.

  61. GdBlsU45 says:

    And you considered something that pumpkin excreted why? He never lived more than 10 miles from the spot he was born. Not exactly an expert on quality of life comparisons.

    The next shoe to drop here of course will be next week when Murphy has to disclose nj has a large deficit for This year. Which of course he will blame on trump and use it to justify another attempt at raising taxes.

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  63. Fast Eddie says:

    Bystander,

    This game has been going on for years now. I’ve been through the recruiter BS and it’s why I can’t stand every last one of them and the same reason why I can’t stand house tour guides. Basically, anyone in any kind of sales irritates me. And I don’t have a LinkedIn profile. It’s all bullshit. That aside, find a role that you like and forget the pay scale.

  64. Juice Box says:

    Bezos…why didn’t he just buy the Enquirer? Don’t these rich guys just buy their way out of trouble?

  65. The Great Pumpkin says:

    That’s why I live in northeast nj. The other parts of the state are similar to the rest of the country.

    ExEssex says:
    February 8, 2019 at 6:56 am
    And pumpkin thinks the ‘scumbags are in FL”

    https://www.nj.com/

    Check out the front page today
    Especially the Kid who hung his friend – neato

    Hard to figure but Jersey seems to be swimming in scum.

  66. The Great Pumpkin says:

    And you nailed it in this post. That’s the bottom line.

    ExEssex says:
    February 7, 2019 at 10:52 pm

  67. The Great Pumpkin says:

    Wayne Hills back on track. Flying up the rankings and is the no 1 high school in Nj for sports. That means you get the sports program of a private school at the public school price. Stand by my call for northeast NJ, Wayne is one of the best values out there. Get the same public education as the million plus towns, but at a much better price. Have a predominately white town(good thing because whites value education), safe, and close to anything you want.

  68. Bystander says:

    Ed,

    Completely agree. It has been going for awhile now. Back in 2012-2014, I had recruiters calling me quite often. I even interviewed at my current firm but turned down contract job as it appeared too short term. Now, it is absolute wasteland. I can’t think of any “professions” that I have more than realtors and recruiters. Wish I could just stay where I am but 2 kids makes it tough to keep losing ground as I took pay cut to get this job. It in insane to run hiring plans for my team. Three months trying to find a Service now developer in Pune. Two people accepted then did not turn up. We won’t pay them $200 a day for those skills yet surprised when candidates are not coming. You would think if they wanted delivery perhaps open up coin purse or location. Nope..my boss just keeps hammering vendor. It is pointless. Cheapness and austerity mindset just permeates banking.

  69. The Great Pumpkin says:

    Essex,

    I’m sorry, florida is a cesspool. Just look at this link of the best of “florida man 2018.” Look at the people….talk about white trash. This is the florida you don’t see on vacation….the real florida.

    https://www.miamiherald.com/miami-com/news/article225604265.html

  70. The Great Pumpkin says:

    Bystander,

    They will learn when they realize how it is impacting their bottom line. Just like when companies move to a “cheap location” and realize how it is hurting their business due to the quality of worker/infrastructure. I said it before and I will say it again; if cheap locations were such an advantage, why isn’t every company in the low tax state of Kansas? Instead, they choose NYC and San Fran…..now why?

    “Two people accepted then did not turn up. We won’t pay them $200 a day for those skills yet surprised when candidates are not coming. You would think if they wanted delivery perhaps open up coin purse or location. Nope..my boss just keeps hammering vendor. It is pointless. Cheapness and austerity mindset just permeates banking.”

  71. Libturd...look me up in Costa Rica says:

    Gary, By,

    My LinkedIn still reads that I am a janitor. I too, have found nothing good from recruiters. Actually, I find them a net negative in that they will lie to the hiring firm and to the recruit since they’ll do anything to get their fee. The few I hired through them were completely non-vetted, though that’s not what the recruiter told me. Once, I got my fee back from one, which wasn’t easy. But I played the same game and lied to her back. Told her that the company (billion in revenue at the time) was seriously considering using her regularly. Dumb ass. She still calls me about once a year.

  72. JCer says:

    Pumps Florida is a third world country. That being said in the wealthy parts it’s really nice. As for schooling for kids it’s private all the way, and that education is good it just comes at a cost, public schools flat out are passable at best in the wealthiest areas. People from the NE love it, they live in massive homes, in gated communities, nice weather in winter, golf, tennis, beach, pay no income tax and avoid the place in the summer and during hurricane season. Also quality of life for people who cannot draw a big income is way better, my parents refer to it as the place where retirees and those who couldn’t hack it in the real world go.

    Bystander the whole banking austerity thing is in full swing. I’m going to laugh my A$$ off when it backfires and costs more money than doing things the right way. Good luck finding any developers in India worth anything, salaries are much higher than anyone wants to acknowledge, I have a guy who makes 50k a year in Hyderabad and he’s not very good so this notion that you can hire qualified developers for 20k a year is just not reality. If you think the recruiters are bad try the people who sell outsourcing, or software like the company I work for, it is horrendous.

  73. Libturd...look me up in Costa Rica says:

    I’ve probably spent more time in Florida than nearly anyone here. In the Summer, it’s way too hot and humid until it thunderstorms about 3pm every day. Then it is still 90 degrees, but with half the humidity. If you can afford to live on that strip of land directly between the Intercoastal Waterway and the Atlantic Ocean, you can avoid these storms and much of the accompanying humidity. Winter and half of Spring and Fall are pleasant temperate-wise.

    What will kill you living in Florida is the abundance of really stupid people. If you ever eat out or shop, you will need to learn to be tolerant of them. They can easily be identified by garb containing the following moron codes. UofM. UCF. USF. FIT. UNF and FAU. Though masquerading as colleges. These three-season camps exist to promote college football and little else. If you’ve ever been outside of a resort in Florida, you know this rings true.

    Some other Florida benefits. Crazy amounts of traffic and more toll roads than you could shake a stick at. Lots and lots of old people who should have quit driving a quarter century earlier. This results in an unusually high number of stupid traffic accidents, especially in Palm Beach County where it is commonplace to see what appears to be driverless cars. Fortunately, these can be seen and avoided from quite a distance as you simply need to look for the continuous left blinker if it hasn’t already been damaged by countless rearenders.

    Driving in Dade County is no picnic either. But instead of old people, it’s machismo Latinos recreating Mad Max chase scenes with regularity. And don’t you dare even think of fighting back because of Florida’s lax gun laws and plethora of gun shows. They WILL be carrying.

    Then there are Fire Ants. When the heat index is 110 degrees, God felt it best to make sure you keep your shoes on.

    Honestly, if you never need to leave your house, which is what old people do, Florida is great due to it’s lack of taxation. It’s dirt cheap to live down there! But the amount of stupid will drive you absolutely crazy if you choose to pass the guardhouse of your gated community. You’ve been warned.

    Oh, and no edible pizza or bagels, though they’ve made great strides in their Jewish Deli.

  74. The Great Pumpkin says:

    That’s why for a regular joe with three kids, stay in nj. The cost of private school will outweigh the taxes saved by a mile.

    Also, agree with you hands down that if you can afford million dollar homes, Florida is a good spot if you made your money already. The only problem, when you are old, that summer heat is unbearable. Could kill you. So forced to stay inside all day.

    “As for schooling for kids it’s private all the way, and that education is good it just comes at a cost, public schools flat out are passable at best in the wealthiest areas.”

  75. The Great Pumpkin says:

    Lib nails it….perfect description of Florida.

  76. ExEssex says:

    Dude! USF is emerging as a major research institution.

    State school bias!? Damn…..

  77. The Great Pumpkin says:

    Good point about Uber and Lyft….

    “Another hope is that driverless cars transform the economics of ride-hailing by eliminating the cost of the driver”

    “Eliminate the cost of the driver, but add a bunch of costs they don’t currently bear, including the cost to purchase very expensive driverless cars, plus the cost to fuel these cars, maintain them, clean them, and have a place to store them overnight when they are not out driving. “

  78. The Great Pumpkin says:

    Staying far away from their IPO….

  79. The Great Pumpkin says:

    “Modern Capitalism – promote and sell a product below cost but subsidized by venture capital. Destroy an established industry that was financially sound. Then cash in by offering your stock to the gullible retail investor. What could possibly go wrong?”

  80. yome says:

    Home prices in Long Island NY will go to the floor

    Amazon AMZN, -2.31% is reconsidering its New York headquarters due to local opposition, The Washington Post reported, citing two unnamed people “familiar with the company’s thinking.” The Washington Post is owned by Jeff Bezos, the chief executive and chairman of Amazon. The report said that, unlike Virginia and Nashville that have welcome new Amazon projects, local politicians and advocacy groups including Rep. Alexandria Ocasio-Cortez and City Council Speaker Corey Johnson have expressed opposition to the Long Island City, Queens, project. The report said it’s unclear what Amazon’s Plan B would be.

  81. Libturd...look me up in Costa Rica says:

    Essex, here is an example of Florida Stupid. Obviously I generalize, but this is the kind of thing you run into down there on a regular basis.

    https://www.reddit.com/r/USF/comments/98e7jw/attendance_is_stupid/

  82. Libturd...look me up in Costa Rica says:

    USF = University for Stupid Filipinos

  83. The Great Pumpkin says:

    Open the door for nj…..thank you, cortez. These people are nuts and dangerous.

    yome says:
    February 8, 2019 at 11:59 am
    Home prices in Long Island NY will go to the floor

    Amazon AMZN, -2.31% is reconsidering its New York headquarters due to local opposition, The Washington Post reported, citing two unnamed people “familiar with the company’s thinking.” The Washington Post is owned by Jeff Bezos, the chief executive and chairman of Amazon. The report said that, unlike Virginia and Nashville that have welcome new Amazon projects, local politicians and advocacy groups including Rep. Alexandria Ocasio-Cortez and City Council Speaker Corey Johnson have expressed opposition to the Long Island City, Queens, project. The report said it’s unclear what Amazon’s Plan B would be.

  84. Bystander says:

    “if cheap locations were such an advantage, why isn’t every company in the low tax state of Kansas? Instead, they choose NYC and San Fran…..now why?”

    Well Mr Demographics..India has 1.4 billion people to 2.9m for Kansas. If your product is not technology then you get rid of it to cheapest location possible. The population size of India guarantees bounty of young, desperate workers with some English and slight tech language. Paying them $180 a day means companies can fill 4-5 people and hope a few turn out acceptable. It is still cheaper than one good developer at $1200 day in US or Europe.

  85. Juice Box says:

    What no mention of Florida Man?

    https://twitter.com/_floridaman?lang=en

  86. Libturd...look me up in Costa Rica says:

    Juice.

    That’s where Gator’s from, so I may be biased. Though truthfully, UofF doesn’t accept every single breather who applies.

  87. The Great Pumpkin says:

    Bystander,

    Everything comes with a cost and companies have finally woke up and smelled the coffee. If you choose to manufacture in a low cost location, this place will become your competition in time. They will steal everything. So choose wisely.

    At the same time, just like what happened with China, bringing jobs to these places drives up the cost of labor for said location. China is no longer super cheap, they lost that edge. It’s market economics at play. So if you enjoy paying the costs associated with moving from low cost location to low cost location every 10 years, good luck. That’s a huge cost. Training and moving everything….it’s nuts.

  88. Juice Box says:

    Lib – Florida Woman too…

    https://twitter.com/_flor1dawoman?lang=en

  89. Libturd...look me up in Costa Rica says:

    This sums up Florida the best.

    https://bit.ly/2DknYj5

  90. Juice Box says:

    Florida like many places I love visiting and I always want to come back home. (I was in Florida 3 times last year). Family, Friends, Culture, Work etc good and the bad is here in NY Metro area.

    Most people I know who actually relocated their families to Florida (not retirees) have adopted their slower and poorer lifestyle. The stories I hear especially about the walk away from homes and mortgages back during the housing crisis, underemployment, drugs, and even jail always give me that WTF feeling.

  91. 1987 condo says:

    I read all the Tim Dorsey books…..that’s Florida!

  92. Fast Eddie says:

    A plush condo in a high rise in Miami is the only way I’m moving to Florida.

  93. Fast Eddie says:

    Juice,

    Throw in some hookers and blow and we’re there!

  94. No One says:

    There are diverse communities in Florida. I know some struggling lower to middle-middle class types from my high school, most who live in small towns or rural areas. I know many happy middle/upper middle class people too. They typically have college degrees and live in the bigger cities. They live in a different world than the multimillionaires who live and retire in the nice locations with golf/tennis memberships, nice restaurants, and who have somewhere else to go in the heat of summer. I know a number of people who live this lifestyle, typically living around Palm Beach or Sarasota. Miami is like a whole different state.
    Eventually when I retire or semi-retire I plan to be in the latter group, with a million+ home near the ocean.

  95. Yo! says:

    GdBlsU45,

    Murphy began blaming Trump tax reforms for NJ budget problems in last month’s disclosure. Last 4 press release headlines:

    Revenue Collections Above Target In September
    Revenue Collections on Target through October
    Revenue Collections Remain on Target through November
    December Revenue Collections Dip as Federal Tax Law Changes Impact the Timing of Certain Payments

  96. 1987 Condo says:

    Supposedly, the 3 most popular words used in newscasts are:

    “A Florida man….”

    https://www.nj.com/sports/2019/02/legendary-sportscaster-warner-wolf-arrested-in-florida-lets-go-to-the-videotape.html

  97. GdBlsU45 says:

    That’s were we are with mind rot that is progressivism. The word plantation is now offensive. Can we still wear cotton?

  98. GdBlsU45 says:

    The only logic I can think of for blaming trumps tax plan on a current deficit is that it sped up the flow of tax refugees out of nj. Kind of tortured logic. Is that what Murphy will argue?

    It seems more likely that there were losses booked when the market dropped.

  99. Juice Box says:

    Warner Wolf bought the place in 2015 for $ 1,419,000, Naples is 90% whitey anyway and Median Age of 70 years old.

    https://www.enaplesflorida.com/market-values/26107001067.html

  100. The Original NJ ExPat says:

    leftwing – You led me correctly. Just ignore, ignore, scroll, scroll past what the moron says. It’s a much better life.

  101. Libturd...look me up in Costa Rica says:

    I haven’t read a Blumpy in ages.

  102. Libturd...look me up in Costa Rica says:

    If there is one thing that can bring unity to this blog, it’s non-partisan pumpkin hate.

    Kumbaya.

  103. Libturd...look me up in Costa Rica says:

    BTW,

    I just watched this super obvious 15 minute professionally polished conservative turd of a documentary on the Covington Boys/lying Native American kerfuffle. This is the first time I watched any of the video of the incident as I thought it was a complete non-event.

    Fifteen minutes later, I realized, why did I just waste 15 minutes on this absolutely perfect example of what pussies we have become.

    And I mean, every single person who proliferated this absolute non-story. Heck, you should have seen some of the sh1t I used to yell at those crazy Original Jews every single day I commuted to West 44th Street through Herald Square in the 90s. We used to know each other by name. It always ended with a wink too, which is exactly how Maga Hat versus lying cooky Indian should have ended.

    It appears to me, if the conservatives and the liberals aren’t at each other’s necks, than they aren’t happy at all.

    Pussies. Every single one of them. If this continues for a few generations, I fear the end of the human race. Cause you can’t make babies if you’ve got no balls!

  104. Libturd...look me up in Costa Rica says:

    I looked up who produced the video. A huge libel lawyer. I am embarrassed by my fukcin’ country.

  105. Juice Box says:

    Turd is going to all be identity Politics into 2020. That is all they can hang their hat on.

    Today the newly formed House Judiciary Committee put on a real s**hit show today, the Acting AG will be out in a few days after Barr is confirmed by the Senate, so for no reason other than to put on SHOW they treated Whitaker like garbage (because he is a white male, mostly in my opinion). The man is a political appointee for a three-month stint, he was not about to interfere with Mueller’s investigation and even said he never spoke to Trump about Mueller or denied any funding requests. They moved onto all kinds of nonsense questions, like illegal immigrant family separations which is DHS not the DOJ and other nonsense about the wall and illegal immigrant crime stats.

    I don’t believe they have a viable candidate for 2020 and no viable platform, and unless Trump is impeached and convicted he is going to sail into 2020…

  106. Libturd...look me up in Costa Rica says:

    I can’t disagree unfortunately.

  107. The Original NJ ExPat says:

    Ding! ding! ding! We have a winner!

    I don’t believe they have a viable candidate for 2020 and no viable platform, and unless Trump is impeached and convicted he is going to sail into 2020…

  108. The Original NJ ExPat says:

    My mind keeps wandering to the most beautiful beaches in Costa Rica. Why wouldn’t you want to live there?

  109. Libturd...look me up in Costa Rica says:

    I know. There’s really not a care. I’ve been researching special needs services offered down there and I think I’m stuck up here at least for a few more years.

    Though we’ve spent 15K lawyering up, we are having a hard time finding the right school for him. D’s not standard autistic. He doesn’t have much of the behavioral issues. He’s brain injured which is completely different. If there weren’t so few survivors, perhaps there would be appropriate schools for him. The few places that might fight his needs are of course, fully filled.

  110. chicagofinance says:

    I hesitate posting this because I don’t want people drawing all kinds of conclusions about my opinions and biases. I just had this forwarded to me and though it was interesting……. no more than that… so please take in that vein….
    https://youtu.be/wD2SQB5XgSU?t=524

  111. AP says:

    It’s entirely possible that the Democrats get further mired in infighting, that none of its primary candidates achieve flight speed and that the current president strolls into a second term.

    Many people had their expectations of the Obama administration dashed (“Hope and Change” while spearheading a murderous intervention in Libya, anyone?) which make candidates like Harris and Booker that much more unlikely.

    It is also possible that the stench and rot in the administration becomes unbearable to a majority of voters, overpowering the scare tactics and cynical wedge issues.

    Bloomberg becoming a more attractive option by the day. Doubt he will run though. Cost too much for too slim of a chance. That’s not how he made his fortune.

  112. ExEssex says:

    5:27 because they know Trunp had Zero impact on unemployment .

    That trajectory was firmly in place.

  113. Juice Box says:

    My theory is they are counting on the Millennial vote for 2020. There is no doubt the country has shifted left among the younger generations.

  114. Juice Box says:

    Essex – That trajectory was not going to continue without the tax cuts.

  115. Juice Box says:

    Turd – I have heard great things about other places other than NJ, and NJ being great no doubt if you can get into the program. If you haven’t already check other cities however Minneapolis comes to mind. Not a bad place when it’s warm…

  116. ExEssex says:

    8:00 prove it

  117. Juice Box says:

    Essex – Prove a hypothetical? I may not be sharp but even the talking heads gave that one up a while ago. Show me a clip of some one proclaiming the jobs/economy is due to Obama over the last two or three months, reality is the talking heads are mum on the subject.

  118. Juice Box says:

    Essex – btw NOT to say the wealth effect created should not be criminal..

  119. The Great Pumpkin says:

    Work hard, compete, and get ahead. Why would you want it any other way. Would you want to play a board game based on social!sm? It would be meaningless, correct? Social!sm is a disease. Slowly kills the host as it spreads.

  120. chicagofinance says:

    Pure anecdotal, but in Monmouth County, the change in attitudes of business owners was palpable in Spring 2017. The tax cuts only intensified the effect. It really felt as if Obama was out there trying to undermine everything. It wasn’t Trump, it was no Obama/Hillary. Since the Trump thing was such a shock, I think it actually kick started things even more…… adrenaline shot……

    ExEssex says:
    February 8, 2019 at 8:08 pm
    8:00 prove it

  121. Chicago says:

    Great N.Y. Post headline from Thursday.

    Bezos Exposes Pecker

  122. GdBlsU45 says:

    No one honestly gives blama credit for the current economic growth and low unemployment.

    Trump did three things. Rolled back regulation and job killing blamacare. Lowered taxes and tore up one Sided trade deals which increased on shore investment.

    Those things are intuitive to a businessman. To a community organizer turned politician it’s voodoo.

  123. GdBlsU45 says:

    Blama had 32 quarters as president. NEVER in a single quarter did he achieve even 2% growth. Only president to never do so. Even more astonishing coming out of an economic crash. The man was amazingly inept.

    Then NJ decided to elect a bunch of his acolytes to Congress. They’ll be very effective for the state I’m sure.

  124. AP says:

    GdBlsU45, are you sure about that? Got curious enough to do a quick search and unless I’m misreading this it does appear that there were many quarters of >2% economic growth:

    https://www.statista.com/statistics/188185/percent-chance-from-preceding-period-in-real-gdp-in-the-us/#0

    Regarding the tax cuts: while corporate taxes could use some relief, overall the tax cuts will cost too much, increasing an already unfathomable deficit. An already heated economy didn’t need more stimulus in my view. Could have kept that powder dry.

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  126. leftwing says:

    chi, yes, big win last night. ECAC is crazy tight, wide open. Our schedule isn’t bad for the balance of the season, hope the boys can pull it off.

  127. leftwing says:

    And that fourth goal last night was really dirty….sweet!

  128. GdBlsU45 says:

    My bad, it was apparently 3% over a year. But still a league of his own when it comes to ineptitude. Only president never to do so.

  129. AP says:

    All good. The Obama administration to me was too much lofty rhetoric with an equal amount of much business as usual. Didn’t vote for him, but got to admit I was optimistic early on after 8 years of W. Missed opportunity to actually improve things much.

    I do have to respectfully agree to disagree with you on the enthusiasm for the current administration though. That’s Democracy though!

  130. Chicago says:

    Murphy hires crud and this POS is responsible for Alvarez but is being protected

    https://www.google.com/amp/s/amp.northjersey.com/amp/2811107002

  131. Chicago says:

    Here is the POS

    Authority CEO Lizette Delgado-Polanco said she was unaware of the allegations.

  132. Chicago says:

    Also Nunes-Acuna not only should have been barred due to prior infraction. She had no background that warranted her hire. Pure graft

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