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this post was submitted on 25 Jun 2026
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Not completely baseless, but Florida is going to go bankrupt one year and cause a major political problem for the US.
If they move on with removing taxes on property the political and operational shot show of cities and counties without cash turning to special assessments and creating fees for school police and public services, essentially taxes that can raise without being voted, and with less supervision, that will make the "no step on snake" crowd revolt because gvmnt services without payment seems to be their thing.
How does Disney factor into this prediction? I've never been there, but it seems like an oasis in the middle of a shit desert (speaking mostly about its ability to manage itself and just generally function).
disney, and HOME insurance is one of the things besides disney keeping it afloat. nobody wants to risk insuring a disaster prone state.
It doesn't help that DeSantis's anti-Disney push was around the time that Disney was in the process of moving more corporate jobs from California to Florida, which Disney stopped doing after the fiasco.
However, what will likely cause a collapse is that Florida has gotten into hurricane home insurance. If there is a bad year for Florida, Florida might not be able to cover the payouts for insurance claims. Combined with its current housing price slump already, and Florida may have major issues down the road.
i heard people are paying double/triple the premiums for home insurance. plus all the snowbirds/retirement folks going there are rethinking thier plans.
I know someone in Florida who pays about 40% more than me in home owners insurance, despite my mid-Atlantic house being worth ~2.5x as much.
a lot of people that retire there tend to be rich people, canadians too. and they likely arnt buying the ones close to the coast?