Rising Housing Costs vs. Stagnant Incomes - What will come of it? (Jacksonville: low income, real estate)

[kyle19125]

Originally Posted by chopchop0

Ummm Orlando regularly battles NYC for title of the most visited city in the country. It is a global tourism destination.

They largely come to visit Walt Disney World which technically isn't really "Orlando" and is most visited due to that and the desire to book conventions in a warm/sunny setting (which gets old quick apparently among routine attendees).

[kyle19125]

Originally Posted by bmw335xi

Exactly, it's like my friend who I shared part of her text conversation... room mate drama when you are in your late 30's making close to $90,000... YUCK, not for me. Your only choice is to move way, way, way out to the boondocks and deal with a horrendous commute or forever be a renter or you can have a bunch of room mates in a old apartment and save and save then move to a different state where housing isn't outrageous.

Originally Posted by chopchop0

What the op doesn't realize is that this is NOT as likely to occur in Orlando...

Yeah, that would be more like the top 2% here.

[bmw335xi]

Originally Posted by kyle19125

They largely come to visit Walt Disney World which technically isn't really "Orlando" and is most visited due to that and the desire to book conventions in a warm/sunny setting (which gets old quick apparently among routine attendees).

How is the Empire State Building any different than Universal Studios? lol

Points of interest are what attract tourists. The theme parks are just as much a part of Olrando as the Statue of Liberty is of NYC.

[bmw335xi]

Originally Posted by chopchop0

What the op doesn't realize is that this is NOT as likely to occur in Orlando...

Exactly, the point is even a single person earning more than the median household income not per capita but household income still faces the reality of needing room mates.

[kyle19125]

Originally Posted by bmw335xi

How is the Empire State Building any different than Universal Studios? lol

Points of interest are what attract tourists. The theme parks are just as much a part of Olrando as the Statue of Liberty is of NYC.

For starters it's a commercial building and iconic landmark, and not a cheezoid/manmade amusement park. Also the Empire State Building stands at the center of NYC and is very clearly part of the city. Do you really think Disney and Universal are part of Orlando's identity in terms of being a city?

[cerveza]

Originally Posted by chopchop0

What the op doesn't realize is that this is NOT as likely to occur in Orlando...

My take on it is, as high real estate prices, 1hr commutes, and roommates in your 30s&40s are to be considered "the new normal" in major cities.... prices may go up in smaller cities like Orlando as they start growing due to folks fleeing those other cities because of quality of life issues stemming as a result. Will it get that bad in Orlando? Doubtful, but, then again, Who knows? I didnt think it would get that bad in the northeast, then again, I never thought people would seriously want to live in 200ft micro apartments and tiny homes either so we have no idea how much worse it can get.

[bmw335xi]

Originally Posted by kyle19125

For starters it's a commercial building and iconic landmark, and not a cheezoid/manmade amusement park. Also the Empire State Building stands at the center of NYC and is very clearly part of the city. Do you really think Disney and Universal are part of Orlando's identity in terms of being a city?

You are really splitting hairs here LOL

[OTownKnight]

Originally Posted by kyle19125

For starters it's a commercial building and iconic landmark, and not a cheezoid/manmade amusement park. Also the Empire State Building stands at the center of NYC and is very clearly part of the city. Do you really think Disney and Universal are part of Orlando's identity in terms of being a city?

Ask anyone from up north or around the world what is the first thing they think when they hear "Orlando," and they'll tell you Disney or Mickey Mouse. Yes, Disney is absolutely part of Orlando's identity worldwide. Orlando would not be half the city it is today if it not for Disney and Universal making it such a popular tourist destination. Disney put this city on the map and all of the other tourist traps and hotels followed.

[bmw335xi]

Originally Posted by OTownKnight

Ask anyone from up north or around the world what is the first thing they think when they hear "Orlando," and they'll tell you Disney or Mickey Mouse. Yes, Disney is absolutely part of Orlando's identity worldwide. Orlando would not be half the city it is today if it not for Disney and Universal making it such a popular tourist destination. Disney put this city on the map and all of the other tourist traps and hotels followed.

Orlando is the family fun capital of the world. When I lived in Australia, everyone knows Orlando and they relate it to Disney and Universal. Ask them about Charlotte, Jacksonville, Kansas City and most people around the world will be like umm I don't know anything about them nor would want to spend a couple thousand dollars to fly there. That's not the case for Orlando, so on a tourism level it ranks way up there with LA, NYC etc. I do Airbnb and half my guests are from overseas and so far not a single one of them have said they were dissappointed with Orlando. Many said they have been dreaming of coming here for many many many years.

[WithDisp]

For sure, it's a worldwide destination- but the economy that comes of that isn't necessarily a benefit to all.

Disney employs 62,000 people in Orlando- and while WDW receives nearly twice the guests of Disneyland, 80% of the Imagineering, Park Development, Senior Officer and Executive Management jobs are in Anaheim/Glendale/Burbank.

Marriott, Wyndham, Hilton have the most hotel rooms in the country in this city- yet their upper management is all elsewhere. Orlando hosts their low paid service jobs and timeshare sales divisions.

Things to do and tourism does not equate quality economy.
Orlando is a difficult place to earn a quality living. Surely not impossible, but worse than most cities its size.

Jacksonville has 3 Fortune 500 Companies. Charlotte has 7.
With Sprint owned by Japanese now, Kansas City is left with 1.
Orlando, just Darden.

UCF also ranks (USN&R) in the bottom 10% of all Division 1 schools, and ranks dead last in Prestigious Awards (Fulbright, Truman, Marshall, and Rhodes Scholars) for schools of its size.


This all equates to the stagnant incomes here.
It's great if quality of living here is good- but if the average grad isn't making enough money to live, that's an upcoming issue. Perhaps partially explainable by the transient nature of the town.