Skip to content

Earn More

The Real Estate Blog

Supported by Ebizmore

  • Real Estate Blog
  • Real Estate News Feeds
  • Sales Tips and Marketing
  • News By States
  • Contact
October 26, 2020 by mike

Texas, Florida, Tennessee attracting NYC entrepreneurs, residents: Peebles

‘South Florida is the No. 1 place where New York entrepreneurs and New Yorkers with means are going’

Cities with a better quality of life and low-income taxes are growing as more people flee New York City and California, according to real estate expert Don Peebles.

The Peebles Corporation founder, chairman, and CEO told FOX Business on Friday that states in the “Sun Belt” where growth is “happening” includes Austin, Texas, Dallas, Texas, Nashville, Tenn., Memphis Tenn., and Nevada which is “ripe for recovery in terms of attracting businesses and industry from California.”

“South Florida is the No. 1 place where New York entrepreneurs and New Yorkers with means are going to and, also, we are seeing more of the working-class New Yorkers heading south to South Florida because there are jobs that are available and the lower cost of living and better quality of life,” Peebles told Maria Bartiromo on “Mornings with Maria.”

New York was the state that saw the largest outflow of residents during the coronavirus pandemic, according to data from United Van Lines, the nation’s largest household goods mover. At the end of August, outbound move requests from the Big Apple were 52% above the national average.

Comparably, San Francisco saw 128% more people move out than the national average at the start of September.

Illinois residents are moving to Indiana due to high cost of living amid coronavirus pandemic. FOX Business' Jeff Flock with more.
 

“Both of these cities [New York and San Francisco] have more portable industries: technology and banking for San Francisco and then the financial services for New York City,” Peebles said. “So, you’re just seeing more entrepreneurs pursuing other locations for quality of life and lower costs of doing business.”

Meanwhile, Paul Singer is the latest Wall Street big wig to reportedly relocate his $41 billion hedge fund from New York City to Florida.

Peebles believes “Democratic-socialistic leadership” and “the tremendous turn to the left” are to blame.

Author:

By Joshua Nelson
FOXBusiness
 

Ebizmore.com

Submit your deals and get offers from multiple lenders.

Real Estate Lending
Fix-N-Flip
Bridge/Hard Money
Stated Income
Full Doc
SBA

Business Loans
Merchant Cash Advance
Business Loans
Equipment Financing
Business Lines of Credit
SBA
Purchase & Receivable Factoring

Personal Lines of Credit

Business Accounting

Business Credit Builder

Go to ebizmore.com and register today!

The Fact is that 95% of Small Business was not Prepared for the Pandemic.

Our Clients Were!

More Than An Accounting Service!

Consultant * CFO *Partner

Your Success is Our Number 1 Focus.

Bank & CC reconciliation,
Accounts Payable
Accounts Receivable
Financial Reports
Payroll
QuickBooks catchup/cleanup
Invoicing
Compliance reporting
QuickBooks Online
Much, much, more.
+++Business Credit Builder

Save up to $24,000 per year!

Contact Ebizmore

Categories Popular Tags News
Post navigation
The Ultimate Marketing Machine
Banks may have to brace for heavy losses as commercial property prices plunge

Ebizmore.com

Phone:352-405-0271 Email : info@ebizmore.com

© 2021 The Real Estate Blog • Built with Ebizmore.com