Florida... rents soaring

[Demovictory9]

[Mister Ed]

1. The GOP politicians who control Florida will surely blame Biden and the Democrats. n/t

[jimfields33]

2. Can you believe they blamed "out of staters?"

That seems nasty.

[OldBaldy1701E]

3. This is just the start.

Thanks to the desire to 'go back to the way things were', we are going to see just how much 'the way things were' sucks. We just don't remember because as a nation, we are always willing to indulge in a little memory loss.

[TexasTowelie]

4. The apartment complexes that were shown in both videos

look relatively new and nice. My first reaction to them would be that they were in the luxury bracket so I probably would have kept looking elsewhere before signing a lease. It's unfortunate that prices have increased and it's unfortunate that when the housing bubble breaks the prices will not return to the earlier levels.

[Warpy]

5. Obviously, the problem is a law tied to a fixed 1970s dollar amount

The law needs to be rewritten to index it to inflation--and deflation, which also happens in the Florida real estate boom and bust cycle. That would go pretty far in redefining "luxury" and keep corporate lease holders from price gouging to make a fast buck.

The problem is that conservatives in the 60s and 70s thought they could reduce inflation to zero, they didn't know it was built into the economy, so they tied too much stuff to fixed dollar amounts. You know, Medicaid, which no one with more than $1500 in assets can qualify for, which lets out 90% of the working poor who own clunker cars to drive to work. Well, that was the pre 2014 law.

Likewise, $250/month in the early 70s would net you a beach front apartment with pool, onsite restaurant, and other amenities. Now it won't even pay for garage space anywhere.

Republicans won't rewrite the bad laws, they're all for developers and trying to curb inflation by starving labor.