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Old 03-07-2023, 09:04 AM
 
1,956 posts, read 3,340,679 times
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Jamie Dimon really likes Florida. “We love Florida, we’re growing in Florida left and right,” Dimon told Bloomberg News on Monday.

https://www.bloomberg.com/news/artic...GeXk#xj4y7vzkg
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Old 03-07-2023, 09:24 AM
 
Location: Florida
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Any idea what they’re actually doing? I know they have a satellite campus in Tampa, but I’m not sure if they’re got something more planned. Citi quietly moved a ton of their NY jobs to their Tampa campus so I’m curious if JP Morgan has similar plans.
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Old 03-07-2023, 09:54 AM
 
Location: Montreal/Miami/Toronto
3,213 posts, read 2,690,471 times
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Quote:
Originally Posted by FL_Expert View Post
Any idea what they’re actually doing? I know they have a satellite campus in Tampa, but I’m not sure if they’re got something more planned. Citi quietly moved a ton of their NY jobs to their Tampa campus so I’m curious if JP Morgan has similar plans.
Probably moving jobs form other states, Florida does not have a lot of local talent/local talent moves elsewhere lol.

One of the HQs I nabbed from Miami to MTL, about 70% are Miami locals. Not only to keep jobs but they know companies there prefer to attract others rather than locals. There's a reason why all these "expansions" and "hirings" still have not manifested in Miami or Florida.
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Old 03-07-2023, 12:11 PM
 
1,956 posts, read 3,340,679 times
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Quote:
Originally Posted by FL_Expert View Post
Any idea what they’re actually doing? I know they have a satellite campus in Tampa, but I’m not sure if they’re got something more planned. Citi quietly moved a ton of their NY jobs to their Tampa campus so I’m curious if JP Morgan has similar plans.
Florida and Texas cheaper for JPM to do business and they can get their teams to the office. In NY, offices are virtually empty. The staff doesn't want to go in because the crime on the subways and streets. Vornado and other office owners in NY have written their equity to zero in several large office deals they own. They can't see office occupancies in NY returning to pre-covid levels. I think the top paid finance people stay in NY, but operations, credit card business, and other banking business will move out of the NY area.
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Old 03-07-2023, 12:45 PM
 
Location: Montreal/Miami/Toronto
3,213 posts, read 2,690,471 times
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Quote:
Originally Posted by MiamiLIFE View Post
Florida and Texas cheaper for JPM to do business and they can get their teams to the office. In NY, offices are virtually empty. The staff doesn't want to go in because the crime on the subways and streets. Vornado and other office owners in NY have written their equity to zero in several large office deals they own. They can't see office occupancies in NY returning to pre-covid levels. I think the top paid finance people stay in NY, but operations, credit card business, and other banking business will move out of the NY area.
Lol, office towers in Miami are just as empty, even with all these new leasings, it's still averaging 60% occupancy in relation to pre-covid.
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Old 03-08-2023, 07:16 AM
 
Location: Coral Gables / Bonita Springs
2,128 posts, read 2,369,273 times
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Quote:
Originally Posted by MiamiLIFE View Post
Florida and Texas cheaper for JPM to do business and they can get their teams to the office. In NY, offices are virtually empty. The staff doesn't want to go in because the crime on the subways and streets. Vornado and other office owners in NY have written their equity to zero in several large office deals they own. They can't see office occupancies in NY returning to pre-covid levels. I think the top paid finance people stay in NY, but operations, credit card business, and other banking business will move out of the NY area.
Why are so many people moving to NYC in droves then? If its so un-safe and awful, why are rents higher now than pre-pandemic? Pushing the "NYC is awful, mass exodus" narrative might have worked during covid when people were dying but if you follow any news since mid 2021, you'll see it came back quickly.

https://www.dailymail.co.uk/news/art...200-month.html

How many of those people were those that left for Miami/FL and realized they hated it here & left? Or were called back to work as the Work-From-Anywhere jobs vanished?

Miami is great for what it is, but its no NYC..or LA or London or anything else of that magnitude. We should just be greatful that so many things have come to Miami such as newer/better restaurants, more opportunities for people, exciting things like a Train from Downtown to Orlando, etc etc
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Old 03-09-2023, 06:54 AM
 
417 posts, read 655,330 times
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Quote:
Originally Posted by Marc Middleton View Post
Why are so many people moving to NYC in droves then? If its so un-safe and awful, why are rents higher now than pre-pandemic? Pushing the "NYC is awful, mass exodus" narrative might have worked during covid when people were dying but if you follow any news since mid 2021, you'll see it came back quickly.

https://www.dailymail.co.uk/news/art...200-month.html

How many of those people were those that left for Miami/FL and realized they hated it here & left? Or were called back to work as the Work-From-Anywhere jobs vanished?

Miami is great for what it is, but its no NYC..or LA or London or anything else of that magnitude. We should just be greatful that so many things have come to Miami such as newer/better restaurants, more opportunities for people, exciting things like a Train from Downtown to Orlando, etc etc
Did you actually read the article you posted? NY as a whole is losing people with the only state losing more is California. In NYC specifically the people who are left are all flooding back into Manhattan.



All the leftover "haves" are packing into the best area (Manhattan) while the rest of the bouroughs and the "have nots" are left to fend for themselves.
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Old 03-10-2023, 01:23 PM
 
1,515 posts, read 1,535,145 times
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I invest in bank stocks - most banks expand and they add branches everywhere. JP Morgan Chase THe stock is down from 144 to 130 in just a few days. I'm sure they thank you for the free publicity and its not a bad company.
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Old 03-10-2023, 01:25 PM
 
1,515 posts, read 1,535,145 times
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The crime rate in Miami is significantly higher than in New York City. According to an index created by BestPlace, New York scored 28.2 out of 100 for violent crime and 24.9 for property crime. In contrast, Miami scored 48.8 for violent crime and 62.7 for property crime.Feb- Property club


[SIZE=-1]
New York, NYMiami, FLNational



Murder:7.319.67 Forcible Rape:13.1225.732.2 Robbery:287.9537.2205.8 Aggravated Assault:329.6926.9336.5 Burglary:271.11130.5813.2 Larceny Theft:1412.93045.52601.7 Vehicle Theft:195.2987.2501.5 [/SIZE][SIZE=-1] Actual Reported Population and Crimes:


New York, NYMiami, FL Population:8,165,000392,934 Murder:59677 Forcible Rape:1071101 Robbery:235112111 Aggravated Assault:269083642 Burglary:221374442 Larceny Theft:11536311967 Vehicle Theft:159363879[/SIZE]
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Old 03-12-2023, 02:42 PM
 
18,569 posts, read 8,375,593 times
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February 18, 2023
Miami police reports violent crimes continue to decrease

”The Miami Police Department’s Assistant Chief Armando Aguilar oversees the criminal investigations division. He credited good police work coupled with new technologies as the success for a higher homicide arrest rate known as a clearance rate in 2022, and an overall decline in violent crime.”

“Miami is one of the major cities that’s going against the national trend, while violent crime in major American cities is on the rise.” Aguilar said.

”In 2020, Miami police investigated 61 homicides, in 2021 there was a dip to 47. In 2022 that number stayed at 47. As for clearance rate, in 2021 it was 47% but in 2022 it jumped to 70%.”

“The national average for murder clearances is about 50%.” Aguilar said.

https://www.local10.com/news/local/2...Aguilar%20said.
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