Despite drop in housing prices, affordability in Florida declines for ‘working’ households | Tampa Bay business news blog: Venture | Tampa Bay Times

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Florida ranks no. 2 behind California in number of households paying at least half their income on housing costs.  Housing costs have fallen in Florida, but income has fallen more. While there are jobs being created in Florida these jobs pay 25% less than the ones they replaced. The result is that 1/3 of working households pay at least half of their income in housing costs (43% in the greater Miami area). Nationwide that number is only 25%.

http://www.tampabay.com/blogs/venturebiz/content/despite-drop-housing-prices-affordability-florida-declines-working-households

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4 thoughts on “Despite drop in housing prices, affordability in Florida declines for ‘working’ households | Tampa Bay business news blog: Venture | Tampa Bay Times

  1. Hopefully, the US can fix its leadership deficit soon. The US economy is too skewed towards the wrong ends of things thanks to an active and actively enlarging government. Given the kind of spending the US puts into its international military bases, prolonged wars on multiple fronts (which no country has ever benefited from), and a huge military and government, money is certainly being sucked out from the private economy towards the money toilets of government spending.

    The worst of America’s active government can be seen in the bank bailouts (followed by auto bailout and name-it-what-you-will bailouts) of 2008 that led to the current financial crisis. This has definitely created a moral hazard. It is essentially telling the corporations that its “okay to destroy your companies, we’ll bail them out”. How is that any different from having an inefficient government-owned companies that require taxpayer funding to offset losses every single year? What you have created here is corporate socialism and corporatism. You have already killed the free market then and there.

    Damn, I’m sorry for getting rather emotional. My dad used to live in the States while he was working for IBM in the 80s. He always had good things to say about America and its people (and the freeway, and the houses and the…yeah, plenty of things). It frustrates me that the country I wanted to visit the most has become such a place. Like peanuts that has forgotten its skin, I fear that the US has forgotten the very fundamentals that has made it great in the first place. I sincerely hope I will be proven wrong this time.

  2. Ronnie,

    This is a link to an Article I posted 2-3 months ago. It includes a video of Economist Jeffrey Sachs discussing one of the issues you brought up–how “corporate welfare” is not what makes a free-market economy. And the hypocrisy of corporations that oppose regulation of their ability to make money on the one hand and seek government bail-outs on the other.

    http://www.aljazeera.com/programmes/talktojazeera/2011/12/2011121074125944352.html?utm_content=automateplus&utm_campaign=Trial6&utm_source=SocialFlow&utm_medium=MasterAccount&utm_term=tweets

  3. Ronnie,

    Also, check out this link. It goes to a review of a book by a conservative author who attempts to blame the failings in society on moral short comings of the middle class. In his review the Article’s author makes the case that the strength of the middle class grew through the 50’s by virtue of the social programs initiated up to that point and through the work of unions. Since that time wealth disparity has increased and significant class immobility has developed because of libertarian policies that failed to support the middle class. The “America” that people think of as a land of great opportunity has been on the decline for awhile and changes need to be made to bring it back.

    https://fmatthewking.wordpress.com/2012/02/14/is-the-white-working-class-coming-apart-david-frum-the-daily-beast/

    • Thanks for the link. It is an intriguing piece. Although I’m afraid I don’t have enough background knowledge as to the referenced social conditions and programs that exist in the United States prior to the 1960s. So I am not able to fully appreciate the review to its fullest extent. I can understand most of it, though, so that’s settled.

      Can you give me a link to books (e-books or paper) that can give me some information regarding the prevalent social conditions and social programs in the US pre-1960s? I’m sure there’s plenty there that I can learn and use in my country. I’ve always admired American civil liberties and its status as a Superpower so there’s definitely plenty I’d like to learn, given that my country is also resource rich (as is the US).

      Although, I have to admit that pertaining to transportation policies and urban development, we definitely have to look more towards Japan which shares an identical geographic and geological conditions (island-nations with volcanoes, plenty of mountains, earthquake-prone and tsunami-prone), with the difference only being the climate (temperate vs tropical).

      My thanks in advance.

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