Posted by The Trend is Already Underway on November 09, 2003 at 10:55:27:

In Reply to: Enough of unimportant things what about jobs and growth? posted by Danger Look out for falling real estate values on November 08, 2003 at 20:35:07:

A drive down Federal Highway or Glades Road in Boca Raton, or a cruise along Palm Beach Lakes Boulevard in West Palm Beach will show that the trend financial corporate relocations has already taken hold.

Electronic Communications Networks, over which most financial transactions take place, have made location less important than advertising. So just as financial corporations flocked to JC a decade ago to escape the high rents and corporatre taxes of lower Manhattan, they will flea the waterfront of JC as the many attractions of the Sunshine State become more apparent. The lack of personal income taxes, lower rents, better business atmosphere, cheaper housing, and obvious warm-weather amenities are beginning to become too alluring to ignore. Just as the 90s saw a flood of relocations culminating after the WTC disaster, this decade will see the abandonment of JC for the better managed communities or South Florida which welcome corporate neighbors with open arms, not by asking them to open their wallets.

: Jersey City is two years away from a death sentence once the shift in the financial services industry moves towards Florida. Rather than waste peoples time with brain dead politicians the people should organize to protect the growth that has increased the quality of life. DTC is moving to Florida and that will dramatically change the value of Jersey City real estate. Basically a major part of Wall Street is moving the part that rents the office buildings and pays the salaries of the people working in Jersey City. Do something before it is to late you have been warned this a public service.

Follow Ups:

• Yet Another Reason to Move to FLA? UBERHIPPY 11:11:52 11/09/03 (2)
  • Re: Yet Another Reason to Move to FLA? The Trend is Already Underway 11:19:39 11/09/03 (1)
    • Re: Yet Another Reason to Move to FLA? Offshore no taxes at all 07:24:20 11/13/03 (0)

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: A drive down Federal Highway or Glades Road in Boca Raton, or a cruise along Palm Beach Lakes Boulevard in West Palm Beach will show that the trend financial corporate relocations has already taken hold. 

: Electronic Communications Networks, over which most financial transactions take place, have made location less important than advertising. So just as financial corporations flocked to JC a decade ago to escape the high rents and corporatre taxes of lower Manhattan, they will flea the waterfront of JC as the many attractions of the Sunshine State become more apparent. The lack of personal income taxes, lower rents, better business atmosphere, cheaper housing, and obvious warm-weather amenities are beginning to become too alluring to ignore. Just as the 90s saw a flood of relocations culminating after the WTC disaster, this decade will see the abandonment of JC for the better managed communities or South Florida which welcome corporate neighbors with open arms, not by asking them to open their wallets.

: 
: : Jersey City is two years away from a death sentence once the shift in the financial services industry moves towards Florida.  Rather than waste peoples time with brain dead politicians the people should organize to protect the growth that has increased the quality of life.   DTC is moving to Florida and that will dramatically change the value of Jersey City real estate.  Basically a major part of Wall Street is moving the part that rents the office buildings and pays the salaries of the people working in Jersey City.  Do something before it is to late you have been warned this a public service.


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