Orlando and Atlanta

[oresident]

Originally Posted by Magnulus

Orlando is a baby Atlanta. Alot of the same problems, just on a smaller scale. I wouldn't consider either city as one of the great American cities. But they are typical sunbelt cities.

Orlando's weather isn't so bad, really. It isn't hot 300 days a year. During the summer it's about 93-95 degrees with about 75-80 percent humidity. The fall is about 75-83 with about 45-70 percent humidity. Winter temperatures are more like 50-70, and winter usually starts in late December and runs to March or so. There are many other parts of the country that are hot too. The Piedmont region in the Southeast Atlantic states is pretty steamy in the summer, too. DC has some pretty miserable weather when you consider it is both hot and humid in the summer and freezing in the winter.

Now crime, that's a different story. Orlando has alot of crime, alot of low paying jobs and the cost of living isn't competitive with the wages. The price of housing has been ridiculous but it is comming down, but it still isn't a good time to buy. The economy in the area is currently in a recesion, too, and will probably lead the nation into a nation-wide recession soon.

Can you be a little more accurate in your statements? There is no recession here at present. Maybe soon, but right now:

"As disconcerting as the trends are, jobs still remain plentiful in the local and statewide economy, though less abundant than they were not long ago. Florida's seasonally adjusted unemployment rate climbed a full percentage point during the 12 months that ended in October, rising to 4 percent, which is still hardly shabby."

"Metro Orlando's unemployment rate was 4.0 percent in October, eighth-lowest among Florida's 23 metropolitan areas"

That is from today's Sentinel:

Housing clouds jobs outlook -- OrlandoSentinel.com

ores

[Magnulus]

Originally Posted by oresident

Can you be a little more accurate in your statements? There is no recession here at present. Maybe soon, but right now:

"As disconcerting as the trends are, jobs still remain plentiful in the local and statewide economy, though less abundant than they were not long ago. Florida's seasonally adjusted unemployment rate climbed a full percentage point during the 12 months that ended in October, rising to 4 percent, which is still hardly shabby."

"Metro Orlando's unemployment rate was 4.0 percent in October, eighth-lowest among Florida's 23 metropolitan areas"

That is from today's Sentinel:

Housing clouds jobs outlook -- OrlandoSentinel.com

ores

Orlando Sentinel - Economists: State revenue well below projections by bshaw The state government is losing tax revenue That is a good sign the economy is slowing down.

The unemployment statistics mean nothing anymore. The actual number of people who could be employed but don't have jobs is likely 2-3 times higher than whatever the government tells you. To be counted as "unemployed", you had to have a job a couple weeks ago, and now don't. It doesn't factor in the number of dis-employed people at all, who often leave the labor market because of lack of available jobs or jobs that suit their skills. That's just one example of how the numbers are artificially low. Also, another factor is the number of people in prison- prisoners are never counted as unemployed. Theoretically you could create a country with "no unemployment" just by jailing everybody who didn't find work.

[oresident]

Originally Posted by Magnulus

Orlando Sentinel - Economists: State revenue well below projections by bshaw The state government is losing tax revenue That is a good sign the economy is slowing down.

The unemployment statistics mean nothing anymore. The actual number of people who could be employed but don't have jobs is likely 2-3 times higher than whatever the government tells you. To be counted as "unemployed", you had to have a job a couple weeks ago, and now don't. It doesn't factor in the number of dis-employed people at all, who often leave the labor market because of lack of available jobs or jobs that suit their skills. That's just one example of how the numbers are artificially low. Also, another factor is the number of people in prison- prisoners are never counted as unemployed. Theoretically you could create a country with "no unemployment" just by jailing everybody who didn't find work.

Sure there are "signs" that the economy is slowing down, but to jump the gun so dramatically and just make up the fact that we are already in a recession is over the top. No one believes that the economy is currently in recession. The issue is that it may turn into a recession, but no one knows for sure. That is true all over the country too.

Furthermore, the declining revenues are from the real estate crash. That's well known too. The question is whether that will affect the broader economy, which is, again, not yet known. I guess you have the best crystal ball?

Finally, please cite your evidence that "people who could be employed but don't have jobs is likely 2-3 times higher than whatever the government tells you." You are saying that actually 12% of the people here who could work are without jobs? Where do your numbers come from?

ores