![]() ![]() ![]() Thiel, a billionaire, believes that South Florida is too expensive to justify a move, what about everyday people?Ī look at recent data appears to confirm that South Florida is indeed quite expensive. cultural issues."Ĭrunching the Numbers: Why Parts of Florida are Prohibitively Expensive for Some: If Mr. Thiel has also said that he will not be donating to candidates during the 2024 presidential campaign because of the current focus on hot-button U.S. ![]() Thiel Has Said that Florida Should Focus More on Florida's Economy and Less on Cultural Issues: According to The Real Deal, Thiel has expressed support for some of Florida's policies, but wishes that Florida would focus more on economic equality and less on "woke" issues, explaining: "The focus on identity politics, on the woke religion, is probably a distraction from stagnation. The Miami neighborhood of Star Island was recently named to be the priciest in the United States. Thiel is correct about inflated prices in Miami. Thiel indicated the real estate prices in Florida are just too expensive for him to consider moving his offices, explaining: “If you buy a house in Miami today versus just three years ago, you’re paying four times as much for a monthly mortgage payment.That kind of economic cost is probably not enough to offset all the wokeness in the world or even the taxes."Īnd recent data indicates that Mr. According to the Bloomberg Billionaire Index, Mr. Why Peter Thiel Isn't Moving His Operations from Silicon Valley to Florida: Peter Thiel is a venture capitalist who has founded companies such as Palantir Technologies, Founders Fund, and Paypal. So many high-value financial and technology companies have relocated to Florida in recent years that West Palm Beach in South Florida is now known as "wall street south."Ĭhicago Billionaire Ken Griffin moved his financial business Citadel to Miami, and investment fund Black Dog Ventures Partners moved offices from Arizona and California to Tampa, as just a couple of examples.īut a California billionaire says that he's not moving his businesses to Florida because its business-friendly policies cannot compensate for its expense. ![]()
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