Skip to main content

View Diary: MUST SEE: USA unemployment by county 2007-10 (303 comments)

Comment Preferences

  •  Real estate and contruction... (4+ / 0-)
    Recommended by:
    Lupin, Odysseus, Torta, boofdah

    Florida unfortunately is built upon real estate. Tourism took a hit too as fewer people were able to travel but most unemployment has been in the real estate or related areas. Most folks I know here who are unemployed were in construction, civil engineering, and businesses that supplied these areas. And of course, with these people out of work or moving out of state, the retailers and restaurants start hurting, laying off service people and aside from real estate, service is a huge part of the Florida economy. Elderly people also lost pensions and stock dividends so either left their winter home behind or stopped moving here.

    I can't even explain to you how much Florida depends on people moving into our state and buying new homes. Our housing costs in much of the state (outside of the coasts and big cities)were lower than the national average so people could buy more expensive homes. In central Florida, subdivisions were popping up everywhere, complete with their own strip mall. Now these places are stagnant, with a few houses, no new ones being built. Office buildings that were built in the last few years are still sitting empty along with almost empty strip malls. They overbuilt, depended on building and selling property, and now we have towns of empty buildings and unemployed people. Its very sad. I can't believe the change in a short amount of time.

    On the other hand, there is a subset of people who are doing fine, who were not involved in real estate or construction. Its like two worlds here. You go to the mall and you see the people coming out of Macy's and Sephora's with their bags full of expensive stuff while all around, areas are becoming almost like ghost towns. Weird.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site