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bitcurious | 7 months ago

Seems short-sighted by the investment firms. They aren’t just competing with other Florida firms, they are competing with NYC and London and Hong Kong. Why would top talent move there?

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0xcafefood|7 months ago

Florida's Homestead Law also exempts one's primary residence from being taken to pay creditors.

djfivyvusn|7 months ago

Weather

WarOnPrivacy|7 months ago

>> Why would top talent move there?

> Weather

The manufactured perception of weather, really. What folks discover after moving to FL:

    Florida has 6 or 8 seasons and none of them resemble fall, winter or spring.
    The 13th month of summer is the worst.
    In Oct, trees finally succumb to heat stroke and drop their leaves.
    Hurricanes are much better than summer except for a few hours.
    Rainfall doesn't stick around; drought begins when rain stops.
    Drought season varies between 15 min and 15 years.
    Wildfire seasons vary from all day to world class.
    The least-hot months get warmer every decade.¹
    The other months probably are too.
    At night, the dew point can plunge to 85°.
    Sweat is your constant companion but so is sand.
    Schools cleverly time summer break between May (Hell) & Aug (also Hell).
Source: 30yrs of FL survivorship.

¹ https://www.currentresults.com/Yearly-Weather/USA/FL/Tampa/e...

flkiwi|7 months ago

It's funny: I lived in a state with similar weather (hotter at the hottest, colder during the winter, but on balance similar humidity and climate generally) but fewer imports from NY/NJ/CA/etc., and we were outside all the time enjoying it. In Florida, everyone spends time inside with the AC set to 64 degrees and complains endlessly about the heat. It's odd to see: a bunch of folks move to "Endless Summer!" and then ... stay inside all the time. I'll happily march around outside on a 100-degree day while my NY colleagues absolutely refuse to.

0cf8612b2e1e|7 months ago

You mean increasingly severe hurricanes?

const_cast|7 months ago

But the weather is ass.

I live in Texas, and I often hear about people moving here for the weather. And I can't help but think... why? I've been to NYC, the weather is better.

Yes, the cold is inconvenient. But the heat is debilitating. I can wear a coat and boots and go outside in the north, but you can't do jack shit about the heat. I mean, we get 6 months of summer in Texas. You can't do anything.

Forget physical activities like golfing or jogging, even going to the grocery store practically saps all your will to live right out of your body.

eikenberry|7 months ago

Lol... Florida has some of the worse weather in the US. The winters can be nice but it has incredibly hot/humid summers. Miserable. It's why all the snow birds leave early spring and come back in the winter. I'd take a winter in North Dakota vs a summer in Florida any day.

lokar|7 months ago

Taxes

flkiwi|7 months ago

Offset by exceptionally high fees, insurance rates, etc. The taxes argument is generally a benefit only for the owners (which may well have been your point).