Billionaire Tech Investor: Miami’s High Housing Prices Make It Tough To Relocate

Billionaire tech investor Peter Thiel says high housing prices in Miami are making it tough to relocate his companies here.

Thiel made his comments on the Honestly with Bari Weiss podcast (at the 19:30 mark). The podcast was recorded at Thiel’s home in Miami, Weiss said.

“I’ve thought some about moving our offices from California to Florida,” Thiel said.

“It’s a tough thing to do at this point, because the real estate prices in Florida have doubled, and the interest rates have doubled.”

“If you buy a house in Miami today versus just three years ago, you’re paying four times as much in a monthly mortgage payment.”

“That kind of economic cost is probably not enough to offset all the wokeness in the world, or even the taxes.”

“Its a really hard problem to solve. What do you do about these runaway rents, these runaway housing costs? That’s a super hard problem to solve. I have no idea how to solve that.”

 

144 Comments
most voted
newest oldest
Inline Feedbacks
View all comments
Anon
1 month ago

Because we only care about building housing for investors and short term rental tourists. Little to none of the new stuff going up is affordable to someone even making $150k+

Anonymous
1 month ago

We do need less Airbnb buildings. People should live here all year around. Summer is the best time in Miami.

Anonymous
1 month ago

“Summer is the best time in Miami” 🤣😂😆

Anonymous
1 month ago

It is, less traffic, great deals, you can actually go swimming without it being too cold. Your body adjusts to the warmth fast. You know you see us Floridians in puffer coats when it drops below 70 degrees, it’s because our bodies adapt. Also we have a cooler sea breeze and less heat waves than NYC where the summer is miserable.

Anonymous
25 days ago

couldn’t agree more 👍

Koochikoochi
1 month ago

For Hurricanes, mosquitoes and insurance companies! 😜

Socretes
29 days ago

We?
There is no such thing as an “Airbnb building”. What you are probably thinking about are buildings that allow transient use. Before Airbnb, there were transient buildings, Shelbourne, The Club, The Mark, The Conrad, Four Seasons, etc. etc.
Many were and still are Condo/Hotels.

The difference between a hotel and a transient use condo building is essentially the capital stack.

Most of the new buildings with transient use do not REQUIRE owners to rent short term, the property owner has flexibility to rent long term, short term, or not to rent at all.

Anon
29 days ago

They are ruining our communities.

Socretes
28 days ago

Marriotts? Hiltons?
How are they ruining “our” community?

The S Florida Communities that I have lived in, South Beach and Brickell are much better than they were 30 years ago. There were Short Term renters 30 years ago, but there was no Internet, hence no Online Travel Agencies or Airbnb.

Grumpy old people complained about Short Term Renters 30 years ago too. But they didn’t whine and complain in the comments section of The Next Miami, so they where easily dismissed before they could persuade a cadre of haters to lose the forest for the trees.

DWNTWNR
26 days ago

Natiivo was literally marketed as an official partnership with AirBnb.

the world is your oyster
1 month ago

You can go ahead and start purchasing lots at attractive locations, building your own projects, and offer them at low profit with a sense of community vision.

Anon
1 month ago

Please support Disney and tell the state government to let go if this goofy feud! Whatever your politics, we all know Disney is an integral part of the Florida economy. Not sure what the end game is, drive away Disney or drive away voters. As a Florida resident, I am very concerned that this feud is going to tank our economy.

Rob
27 days ago

The end game is solidify the base in preparation for DeSantis for President. Meanwhile, we’re losing teachers and corporations are having second thoughts about locating in Florida.

Chachi
30 days ago

Hypocrite the fact that everyone in this blog celebrates every building approved and now the developers catering to the rich are the problem .

Anon+
30 days ago

“WE” .. do you have a mouse in your pocket? Go build great housing and give it away if you like. Otherwise, there is no we.

Anonymous
30 days ago

Absolutely not. I have nothing to gain financially, except for seeing Florida succeed. My family would go to Disney once or twice a year and those were the best times of my childhood. This magical safe family space always provided a discount to florida residents with children.

I imagine a large majority of Floridians share this universal experience. The transformative contributions Disney has made on our lives can never be undone. To fight Disney in the name of protecting children” is asinine.

Disney has done more for florida families and the economy than any one Governor or politician has ever done in their limited time in the spot light. The green politicians🤢 have gone afoul.

Socretes
29 days ago

Who is “we”?

I’m working on 600+ new units for the workforce, I can only speak for myself. Sooo….I car about things other than building for short term rental tourists. I also care about building for STR’s.

Just because you don’t know about it, does not mean that affordable housing is not being built.

Downtowner
1 month ago

Real estate prices have doubled and mortgage rates have doubled, that is true. And let’s not forget the soaring insurance costs that will ultimately force many people to leave the area.

Anonymous
1 month ago

That is true for the entire country though and definitely more true for California and New York.

Anonymous
1 month ago

It’s still more affordable in Miami. I think this is the time to get in, because prices are going to keep going up as this City matures.

Anonymous
1 month ago

The housing is not the issue. It is the expensive restaurants. We need to focus on affordable food. Housing costs are relatively reasonable for such a top tier city.

Anonymous
30 days ago

Huh? So eat at home.

Anonymous
29 days ago

You can’t meet clients at home.

Norm
29 days ago

We need to bring Rubio’s Mexican Grille to Miami. Great food at an affordable price.

Anonymous
25 days ago

it was in midtown. is it not still there?

BDub
1 month ago

“Tech Relocations a Factor in Increasing Miami Home Prices”
Fixed it for him.

Cover the Podiums
1 month ago

Tax people who have second and third homes in Miami. Boom problem solved. They did it in Toronto bc the Chinese wouldn’t stop buying condos and developers only catered to them.

Anonymous
1 month ago

They already do, with uncapped non-homesteaded property tax rates that subsidize the permanent residents’ services without them being here half the year to use the services.

Anonymous
30 days ago

The problem is that when you sell your main residence and move up, you lose the homestead tax cap and have to start all over. Most people end up stuck in a crummy home they can’t maintain. And instead of moving up in the community — they move away, to a far away place or out of state. The homestead tax cap should roll over to the next purchase to a certain degree, it should be a Florida residence to residence transition bonus.

Anonymous
30 days ago

^agree 100%

anon
29 days ago

This is already available. You can port your homestead benefit to your next house.

Anonymous
29 days ago

Thanks! I think this change happened in 2021, so it may not me widely known. This is a HUGE incentive for people to start building a long term residence in Florida. If I were thinking of moving a company to Florida this could help me confirm it’s the way to go! Great job lawmakers!!!

Melo is destroying Miami
26 days ago

De Santis did it – not Disney

Anonymous
30 days ago

Agee! This idea is being more widely accepted and called for. It’s ridiculous how many people scam the system and call Florida their main home when they are never here..:. As a result restaurants charge way more to make up for losses in the down season, and housing market becomes unstable.

Anon+
30 days ago

Hey Einstein, they already pay property and school tax that they don’t utilize the services. They also attract short term renters that pump the local economy with tourism. Thank investors for having no State income tax.

Socretes
26 days ago

Great insight, Einstein, eh.
I was wondering why all the Toronto developers are racing out of Canada and buying development sites in W Palm Beach, Hollywood, and Hallandale Beach.

Tax the foreign investors (free money) and the investors will move to Miami.

Love it.

It is slightly refreshing that Canadian politicians are so much dumber than American politicians….in a very sick way.

Mkt Pro
1 month ago

Rich people over pay for real estate making it that much more unaffordable for everyone else. Billionaire cries… :/

Anonymous
1 month ago

Remember when we were all told that “inflation is transitory” by the Fed who’s mandate is price stability?

Anonymous
1 month ago

By Biden, yes I remember.

Not Anonymous
1 month ago

US cpi :8.5% at highest UK cpi: 10.1% at highest EU cpi: 10.9% at highest Turkey cpi: 79.6% at highest Brazil cpi: 9.3% at highest.

AKA, US inflation was and still is low compared to the rest of the world, and has decreased every month for the past 8.

Downtown Vagabond
1 month ago

No deflation is expected, so this is just the rate of inflation stacked on TOP of all the inflation we have already seen. Very, very bad.

Anonymous
1 month ago

When USA is failing other countries fail worse. USA economic policies have caused world economic crisis

Anonymous
1 month ago

B-but, at least Bad Orange Man isn’t making mean tweets!

Anonymous
30 days ago

Please watch the CNN town hall last night and remind yourself just how awful it was to have a grievance-driven lunatic in the highest office in the world. Never again.

Anonymous
30 days ago

GOP donor class should pivot to Youngkin.

Socretes
29 days ago

It is really hard to find the entire event. There are lots of edited versions with a bunch of flunky journalists trying to persuade their viewers.

Anonymous
29 days ago

I saw the entire event. It was like a deposition, trying to get him to admit certain truths, and spin facts in two polar opposite directions. The journalists seemed flabbergasted. It showed, but did he help the situation? He still struck a divisive tone and missed an opportunity to address how he would improve the country. He sounded defensive and seemed to get a thrill from the controversial entertainment value of his shock speech. He’s like a shock rocker of politics, which is fun until the country all gets angry. I didn’t hear an upbeat message and any new ideas to help America.

Downtown Vagabond
29 days ago

I don’t hire my attorney, doctor, accountant, etc. on their personality issues, but rather on their effectiveness. I’m not 12.

Anonymous
1 month ago

Europe is more affected by Ukraine, and Turkey and Brazil are disasters as usual. Bad comparison.

Koochikoochi
1 month ago

Blame JB and it’s green deal lunacy!

Socretes
29 days ago

Ummm….I have heard politicians (who support stupid policies) say this.
First they said, there is no inflation.
Second, they said, the inflatiion is “Transitory”, nothing to see here…..
Third, they said more stupid stuff like “Compared to Turkey, our inflation is not bad….”

How about comparing the USA in 2021 to the USA In 2019. Inflation is VERY bad….jacking interest rates has crashed, is crashing, and will continue to crash regional banks.

Hard to believe that the policymakers are this stupid. Maybe they are crashing regional banks on purpose so that JP Morgan Chase can just buy them all for pennies on the dollar.

Let’s Move Forward!
29 days ago

We saw a steep spike up in inflation, but also we managed to pull out stronger. Look at Miami now versus then. Home values are up, business is booming, neighborhoods are improving. In 2019 troubles were brewing and the country felt it. We are now moving forward and there are major technological advancements and resources to be tapped to help improve quality of life and get us all moving forward.

Anonymous
1 month ago

So is it still Obama’s economy, as it apparently was between 2017 to early 2020?

Koochikoochi
1 month ago

🤣😂sad but that’s reality!!!

Name
30 days ago

This guy forgot which president appointed Jerome Powell.

Not Anonymous
1 month ago

Yeah, but to be fair that was the view in the entire world, and the recent inflation spike is global, with the US inflation being some of the lowest.

Koochikoochi
1 month ago

That’s MSNBC and CNN excuse !! The whole world is in recession… !

anonymous
1 month ago

You have wayyy too many developers doing airbnb because thats where the money is. City and County have to work together with these developers to get them to build end user homes instead that are near metrorail or now trirail. I see 1000s of units come into market in the near future so hopefully that will help with pricing but owning a single family home is a whole different story. I bought a duplex back in 2020 and that is always a great option to defer your costs and get capital appreciation.

Azarius
1 month ago

I agree, In Miami we are even fighting on the rentals level against airbnb like companies. There are ppl renting apartments just to airbnb and this is making it hard to even find a rental unit in the urban core

Azarius
1 month ago

Also have you seen the videos of all the undocumented workers and worksites in Miami and Fl now that E-verify will be used to verify citizenship , how many of these jobs will go back into the actual communities. (will wages and the safety job sites be improved to accommodate quality workers)?

Koochikoochi
1 month ago

Only yesterday 10,300 illegals aliens entered the southern border ….

This Is The Way
30 days ago

And because Florida shares a border with Mexico, I’m sure we’ll see MS-13 in downtown Miami within hours!

Big All
26 days ago

MS-13 will take 20 hrs by bus, or car, 4 hrs airplane …. to reach Florida

This Is The Way
30 days ago

In the state of Florida, all AirBnb’s must have their lodging licenses with DBPR. If you see a rental unit that’s listed, check to see if it has a license with DBPR. If it doesn’t, report it to Code Compliance. If it does, check to see that the zoning allows for lodging uses, and if it doesn’t, report it to Code Compliance.

Socretes
29 days ago

What about apartments marketed on the Marriott Homes & Villas platform?
Vrbo?
The condo/hotels in the Conrad hotel program?

What you mean is that all housing units marketed as short term rentals must be registered with Dept of Business and Professional Regulation. If you own a building flagged by Days Inn, Marriott, Hyatt, E11even, or an apartment or a house marketed to transient guests, you need to be properly licensed.

This Is The Way
29 days ago

Yeah, I thought it was implied I was talking about housing units because that was the focal point of the discussion. I also forgot to add that even if it is zoned to allow it, the folks using AirBnb, VRBO, etc. may not have their required Certificate of Use and Business Tax Receipt from the City or County (depending on where you are). Those are additional code violations for operating without a CU or BTR.

Socretes
29 days ago

Airbnb is a tech company.
People use the Airbnb app and/or website to market the properties that they own.

Are you suggesting that people who don’t own the property fight with people who do own the property, and the fight should be about telling what another person should do with the property that the other person purchased?

This Is The Way
29 days ago

If they purchased property in a zoning district that doesn’t allow short term rentals, then absolutely. That’s a failure of the owner to complete their due diligence.

Socretes
29 days ago

Nonsense. The market will do a better job of deciding when there is too much transient housing.

Both the City AND the County have been working with developers for years to promote Transient Oriented Development. From 2002-2012, the tallest buildings with the most density have been built within 5 blocks of the MetroMover.

DWNTWNR
26 days ago

It’s called Transit Oriented Development, not Transient. It’s to bulk density near transit stations.

George D
1 month ago

He could have also mentioned the lack of quality schools in Miami and the horrendous traffic situation here as well as the dramatic rise of all non-housing costs.

Anonymous
1 month ago

Cali is worse

Anonymous
1 month ago

Doesn’t apply to Pinecrest/Palmetto school district or Aventura/SIB or top the prep schools. My experience is that SF traffic is just as bad and LA quite a bit worse.

Socretes
29 days ago

Correct.
And….compared to major metros around the world, Miami traffic is not bad.

Dale
1 month ago

Sounds like California but not quite as bad.

Anonymous
1 month ago

Hence why charter schools are booming, and school boards are kicking and screaming about losing cozy pseudo-career politician status and union kickbacks.

Anonymous
30 days ago

Well that’s a Florida State issue from Governor and GOP leaders, but can be corrected. I’m the same way Suarez is courting big companies, he could be courting top tier educators and the Governor DeSantis can stop alienating teachers and weaponizing citizens through liberalization of gun laws and hateful rhetoric.

Socretes
29 days ago

K-12 schools are locally governed.
Miami-Dade Public Schools, especially the magnet schools, are among the best in the nation.

DWNTWNR
26 days ago

Do you know what preemption is? Because this past legislative session, there was *a lot* of preemption of education policies.

Socretes
29 days ago

What?
Lack of quality schools? There are plenty of quality schools, and they continue to get better.

Anonymous
29 days ago

The scores of tech and hedge fund millionaires who work for these companies don’t want to send their children to public schools. There are not enough private schools in Miami-Dade County to satisfy the enormous potential demand.

Anonymous
29 days ago

Florida magnet schools launched my success. Don’t say gay bill can be reversed. And it will be amended soon to allow for discussions that include age appropriate discussions about gay people that don’t force them to be in the closet.

Anonymous
1 month ago

BS….Miami housing prices are nowhere near coastal Cali’s.

Anonymous
1 month ago

Can I get a boo hoo for this man!?!?

Anonymous
1 month ago

comment image

Anonymous
1 month ago

He’s not being honest in this interview.

Cortadito
1 month ago

I rather pay higher rent in Miami than having to deal with the reasons why some companies are leaving San Francisco, Chicago, Seattle, Portland and LA and NYC

J.M.
1 month ago

Same. Miami is finally growing into it’s own.

Anonymous
1 month ago

As if it’s any less affordable then where they are coming from. Miami has a plethora of affordable options near downtown and it’s less expensive than any of the alternatives, while offering an abundance of unique quality of life perks.

Anonymous
1 month ago

Techbros want to live in Brickell at Hialeah prices.

Anonymous
30 days ago

They should move to Riverside or East Little Havana. It’s a short walk or bike ride to Brickell and gentrifying with lots more hipster spots popping up.

Anonymous
1 month ago

He statement is very surprising since California living expenses and real estate combined with the highest taxes are in California. I think there’s something quite suspicious with this reporting or his intentions. Everyone knows California is the most expensive state along with New York in the country

Anonymous
1 month ago

Yes California is the most expensive and along with New York people are leaving at the highest numbers and rate

Koochikoochi
1 month ago

And full of crime and homeless … something smell fishy

Socretes
29 days ago

Usually, it is out of context reporting.

Azarius
1 month ago

This is a Major issue no one wants to really take about because there is money being made on the other end but the housing situation in Miami is not going to be fixed anytime soon unless we regulate airbnb like services to certain areas. We have tooo many ppl owing/renting 2 homes, making it impossible to find housing, which plays into the pricing smh

Azarius
1 month ago

But major companies are not moving there headquarters here and their employees can’t find or live comfortable

Socretes
29 days ago

Except, major companies ARE moving their headquarters here.
You may have missed that one little article about Citadel.

Destroying Neighborhoods
1 month ago

In Single Family neighborhoods from The Roads, Miami Shores even in Hialeah and Allapattah. The situation with the Airbnb’s is becoming a critical problem. Folks renting/purchasing homes to rent via AIRBNB and make a profit hurting working-class and middle-class folks. The AIRBNBer rents from the owner and uses it for AIRBNB to make a profit. Instead of a renter becoming an actual community stakeholder traditional residential neighborhoods are dealing with tourists and a constant change of faces causing crime etc to skyrocket. In my area of Westchester, there is an AIRBNB in our block. They party like it’s on the beach, a dozen folks walking around, and if you tell them to keep it down they get angry, etc. They fill the trash bins and illegally park on all of our driveways. The county does nothing.

Anonymous
1 month ago

People actually vacation in places like Westchester and Hialeah?

Anonymous
1 month ago

Seriously. Pretty sure the airbnbs are more of a problem in the desirable parts of our city.

Koochikoochi
1 month ago

😂😂😂😂😂 … ughhh as if !….

Anonymous
1 month ago

The Roads and Miami Shores are not working-class neighborhoods, and any middle-class housing is no longer within the last twenty-plus years.

Anonymous
30 days ago

What about Kendall and south Miami? Homes are much less expensive there and it’s close to Miami and accessible via metro trail.

There’s a partially abandoned downtown that has great street planning and charming mainstreet… imagine that’s how coconut grove looked before CocoWalk.

Anonymous
30 days ago

Start banning AIrBNBs where developers will build anyway and people desire a year around residences, like in Brickell.

Live Laugh Love
30 days ago

We can’t ban AirBnbs because the Florida Legislature preempted local government from banning short term rentals. So much for small government, right?

Anonomatopoeia
30 days ago

…That is smaller government

This Is The Way
29 days ago

No, that’s overruling local government, which is also democratically elected. Not everyone in this state voted for who their state legislators are or the governor. Most state senators and state representatives span multiple municipalities. Your voice is best represented by your local government. If your local government enacts policies that they campaigned on, it’s ridiculous to have them overruled by folks who don’t even live in your municipality but share your state rep or state senator.

Anonymous
30 days ago

The Florida state legislatures and governor are out of touch! They are in an echo chamber. Vote then out, so we can at least have some different ideas in the capitol.

Socretes
29 days ago

Airbnb is a tech company, do you mean you want to ban transient housing?
What about the individuals who own that property? Do you ban them to, Karen?

In your world view, do you ban Marriott, Hyatt, IHG, and E11even?

Anonymous
29 days ago

Not a full ban, and glad they are becoming separate from residential buildings, but there should be a cap on the amount of transient buildings in an area to protect the culture and integrity of areas where people live full time. Many are good vacationers but some are the worst of the worst.

Socretes
29 days ago

Critical?

Socretes
29 days ago

#1. Everyone is talking about affordable housing. Since at least 20 years, people have complained about affordable housing (except for the years between 2009-2012).
#2. When a developer builds a building on a parking lot or on top of a dry cleaner, and puts condominiums where owner have the freedom and liberty to lease their property for short periods of time, it doesn’t “make finding a housing impossible”. It is still more housing than there was in the parking lot or dry cleaner.
#3. When individuals own real estate and rent it out profitably, especially 2 or more properties, then great for them. These are people who do not complain about affordable housing. These are the people who hustle.

Anonymous
1 month ago

lol In Cali it’s way more expensive and taxes are much higher. The interest rates and all the rest aren’t unique to Miami, it’s happening all over the country. Sounds more like an excuse to mask a fail than anything else.

anan
1 month ago

exactly

Melo is sigma and Chad
1 month ago

the pot calling the kettle

ANAN
1 month ago

So he is saying that housing costs more in Miami than in Silicone Valley ? If he brings his current employees with current salary they will have no problem.

The Truth
20 days ago

But he didn’t want to bring his current employees here at current salary. He wanted a lower cost area so he could pay people less.

mayorsuarezsucksballs
30 days ago

Who the fuck is paying to stay in all of these AIRBNB’s? I don’t understand.

Anonymous
30 days ago

OnlyFans porn workers

mayorsuarezsucksballs
30 days ago

literally accurate.

Anonymous
30 days ago

I’d love to see the answer to that myself. Seems to me like there’s gonna be a huge glut of AirBNB condos in a few years.

Socretes
26 days ago

In your professional opinion, do you think that that there will be a “huge glut of Airbnb condos in a few years” or, like Marriott, the market will adapt and adjust?

(Normally, when I have these conversations with Government Bureaucrats, or community organizers, I’d challenge them by saying, “what is a glut?” or “what is an Airbnb condo?”

Socretes
26 days ago

Pretty simple to figure out.
Go to Airbnb, look up a listing, and read the customer reviews.

You don’t understand and you don’t seem to make a miniscule effort to figure it out.

Anonymous
1 month ago

Make it easier to building accessory dwelling units (ADUs) in single-family zoning districts. A fair compromise to allowing multi-family where it’s incompatible by planning standards, and improves property values at the same time. After all, California companies like HP were started in garages.

anonymous
1 month ago

The bigger problem I see is that most younger homebuyers or people with less money really need a place that is move in ready. The cost to completely gut a property and put a new roof, plumbing, electrical, finishes, etc. would be insanely high and most people have enough for the downpayment. Alot of houses in city of Miami are from the 1950s and need to be brought up to today’s standards.

For the well to do type thats not a big deal because they have the cash on hand to do that type of work.

Anonymous
30 days ago

This is true, but people are updating them. As Miami shifts more from a tourism economy to a business economy, investors will see the demand for community based development over Airbnb market of snowbirds. This will improve housing quality and costs for the middle, and government should enact laws that favor full time residents.

Socretes
26 days ago

These posts seem to written by people who have not been “adulting” for more than 5 years.
Adulting, meaning, out of their parents house, gainfully employed, and not relying on their parents health insurance coverage.

Adults are well aware that Miami has transitioned from a tourist economy about 2 decades ago… at least.

Those who are not adults, still do not understand transient housing, and think that history began when they arrived in Miami.

Koochikoochi
1 month ago

This is the site we’re continually participating people are drooling about any high rise like it’s a gigantic popsicle … now everyone is scoring likes by criticizing it ….

Anon
30 days ago

Censor-happy Miami subreddit loves to post TNM articles and send the lefties over here in droves.

Anonymous
1 month ago

The rise in real estate prices in Miami is the result of the Californication effect.

Anonymous
1 month ago

That’s BS – it’s the result of being a more desirable place to live for educated people and not a retirement home and convict haven like the old days.

Anonymous
1 month ago

Prices have skyrocketed literally everywhere. 9 months ago my uncle had a bidding war on his 2000 sq ft tract house in an iffy neighborhood in a dying small town in Northern Ohio. He sold it 8% over ask with 2 backup contracts. I know a guy in Houston that recently went apartment hunting and he said basically anything under $2k/mo in Houston is either a shoebox studio or in a dump neighborhood. Not just a Miami thing at all.

Ban Single Family Housing
29 days ago

My rent went up 54% in one year in Miami. Your 8% is nothing.

Norm
29 days ago

We can drain some of the Everglades and run a train out there. Tradeoffs.

Anonymous
27 days ago

Doesn’t Peter Thiel have a house in Miami? I guess Miami is good enough for him but not for his companies or employees :/

Rob
27 days ago

MIA has become unaffordable. Government should focus on incentivizing developers to build workforce housing. With low wages, the high cost of renting/buying, high interest and property taxes, people who can are being forced up the peninsula or out of the state.

The Truth
20 days ago

LOL @ everyone not understanding that Thiel just said the quiet part out loud.

Companies moving to Miami was not about the “free state of Florida” (anyone who pays attention knows that Florida is anything but free and companies have to live in fear of overreaching and retribution from Tallahassee). It was about cheaper housing and being able to pay workers less. Now that housing is just as expensive it’s not worth moving most companies.

Except for Thiel himself, who lives on Rivo Alto.

Anonymous
1 month ago

Housing prices, blah blah blah. Yes, we know. I just came here to say if you haven’t listened to Honestly with Bari Weiss yet, you’re missing out.

Anonymous
30 days ago

missing out on more BS interviews like this one?

Anonymous
30 days ago

Nope. On thought-provoking pieces that challenge the mainstream media’s lack of real news.

No road, No rail, No future
30 days ago

California is a WOKE hellscape, and Florida has been turned into a MAGA hellscape. Who wants to live in either. Leave the country.

Anonymous
30 days ago

Our two party system creates a wedge that drives politicians to polar opposite extremes. Yes we are bumbarded by the most insane on each side, MAGA and WOKE, but it helps us test the two sides of every issue that comes up. As long as we do it respectfully without it being personal, we good.

We just need more middle leaders who can help us navigate and broker a middle ground between the two extremes WOKE and MAGA (which used to be called left and right, blue and red, or liberal and conservative).