What’s Reshaping Florida, California And New York?

CNBC published this video item, entitled “What’s Reshaping Florida, California And New York?” – below is their description.

The Covid-19 pandemic changed the real estate market and forced people to reevaluate where they live and work. Oracle, Palantir and Hewlett-Packard Enterprise moved their headquarters out of California and Elon Musk moved to Texas. Florida became known as a safety haven for wealthy New Yorkers fleeing Covid which now seems like a permanent move as states including New Jersey and New York raise taxes on the wealthy. Some of Wall Street and Silicon Valley’s biggest names like Elliot Management, Citadel, Shervin Pishevar, and Keith Robois, have moved to the Sunshine state to build roots. These are the states seeing a surge in population and the states that have seen a population exodus.

Segments:

00:00 — What’s Driving California’s Mass Exodus?

19:29 — Can Florida Become The Next Big Tech And Finance Hub?

30:19 — Are Rich People Fleeing Places With High Taxes?

CNBC YouTube Channel

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About This Source - CNBC

CNBC is an American pay television business news channel owned by NBCUniversal News Group, a division of NBCUniversal, with both indirectly owned by Comcast. Headquartered in Englewood Cliffs, New Jersey, the network primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.

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