Will Brandon Johnson be Florida Realtor of the Year 2023?
It is impossible to walk a dog anywhere in Florida without running into neighbors who work in the real estate industry. Progressive victories yesterday in Chicago and Wisconsin were being celebrated down here. High hopes in particular are pinned on Brandon Johnson to take the title of Florida Realtor of the Year previously held by Andrew Cuomo.
The Democrat-governed state of Wisconsin isn’t as wealthy as Chicago, but it was a positive sign that a person whom the New York Times calls a “liberal judge” won by 55:45 (see “Liberal Wins Wisconsin Court Race, in Victory for Abortion Rights Backers”). (Separately, it is interesting that laws and the state constitution will have 180-degree different interpretations depending on the personal politics of the judge!)
The more extreme the politics in the states that send wealthy homebuyers to Florida, the better. If state and local governments are expanded in Illinois and Wisconsin and someone with money doesn’t agree with the new goals, that’s a big nudge toward moving. Chicago is home to nearly 200,000 millionaires (was 160,000 in 2022, but inflation should have lifted quite a few more folks into this category). If Brandon’s proposed new taxes motivate just ten percent of them to move to Florida, that’s 20,000 at least moderately nice homes that can be sold.
What’s the scale of real estate development in Florida? A whole new town, essentially, is being built on what was scrub land 30 minutes south of us: Avenir (houses from $700,000 to “over $3 million”); a similar idea is going on 30-miles inland from Fort Myers at Babcock Ranch.
As noted in yesterday’s post, in our neighborhood, the real estate bubble party ended with the interest rate boosts of summer 2022. Everything sat on the market for months maybe because nobody could figure out what houses were worth in the new non-zero-interest-rate environment. But just within the past month or so the market seems to be clearing. People agree that houses are worth, in nominal and continuously eroding dollars, between 80 and 100 percent of the peak 2022 numbers (i.e., everything has at least gone down a little via inflation).
Let’s hope that Brandon can follow through on his promise to make Chicago’s wealthy pay their fair share! He’s got at least $750 million in tax increases planned; the same article notes “34% of Chicagoans would leave the city if given the opportunity” and also highlights his work with teachers:
Johnson is a Cook County Board commissioner and earned over $390,ooo in five years as the Chicago Teachers Union legislative coordinator. He helped organize three teachers strikes in the city and has pushed the Red for Ed agenda intended to spread the Socialist doctrine among teachers.
He has received nearly $3.2 million in contributions from CTU and its affiliates, and the CTU just voted to take $8 per month from each member’s dues to back Johnson.
From a Florida perspective, the big dream would be a school closure or mask order from the new mayor. Here’s a February 2022 article about continued forced masking in Chicago schools:
Maybe it’s a good time to thank Lori Lightfoot for everything that she did for Florida?
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