Metro Jacksonville

Community => Business => Topic started by: mtraininjax on July 23, 2012, 10:38:48 AM

Title: Emptiest City in America is in Florida....
Post by: mtraininjax on July 23, 2012, 10:38:48 AM
http://realestate.yahoo.com/news/america-s-emptiest-cities--2012.html (http://realestate.yahoo.com/news/america-s-emptiest-cities--2012.html)

Quote

1. Orlando, Fla.
Rental vacancy rate: 18.8%
Homeowner vacancy rate: 2.2%

The emptiest city in the United States is Orlando, Fla. The 12-month average for rental vacancies stands at a staggering 18.8 percent, while in the first quarter of 2012 this number was 22 percent, highest in the nation. Florida's third-largest city also has an above-average homeowner vacancy rate, but this metric has been rising during the past two quarters, according to Census Bureau data.

Despite its housing woes, Orlando has been able to avoid the financial woes of other cities, such as Harrisburg, Pa., and San Bernardino and Stockton, Calif. According to Orlando’s most recent annual report, the city has more than $125 million of cash in its general fund and over $1.1 billion in total assets (including nearly an additional $300 million in cash and cash equivalents in other funds), compared with just under $600 million in total listed liabilities.

So how does this compare to Jacksonville? How are our finances compared to that of our friends 2 hours away?
Title: Re: Emptiest City in America is in Florida....
Post by: Timkin on July 23, 2012, 11:29:00 AM
Actually, 2 of the 10 emptiest cities are in Florida.  Tampa and Orlando .