RUSH TRANSCRIPT Moon this ░░░░░░░░ over to you The ░░░░░░░░ doubles over the past ░░░░░░░░ Here is macro advisor ░░░░░░░░ Rochelle Talk to us ░░░░░░░░ San Francisco Where are ░░░░░░░░ going and what their ░░░░░░░░ Almost revolutionary Taxes and ░░░░░░░░ basically what this country ░░░░░░░░ founded on If you ░░░░░░░░ paying an exorbitant amount ░░░░░░░░ re working in a ░░░░░░░░ or restaurant In Florida ░░░░░░░░ Texas home prices things ░░░░░░░░ open it is a ░░░░░░░░ brainer The number of ░░░░░░░░ who left in the ░░░░░░░░ year alone between March ░░░░░░░░ November of 2020 89 ░░░░░░░░ people staggering amount That ░░░░░░░░ a lot of people ░░░░░░░░ s look at those ░░░░░░░░ in particular the cities ░░░░░░░░ San Francisco relocating to ░░░░░░░░ Texas Dallas Texas Fort ░░░░░░░░ Tampa Florida Orlando Florida ░░░░░░░░ the hotspots and what ░░░░░░░░ said about pricing median ░░░░░░░░ prices one 4 482 ░░░░░░░░ 248 000 the discrepancy ░░░░░░░░ enormous you are correct ░░░░░░░░ that and that is ░░░░░░░░ key motivator I got ░░░░░░░░ ask about this pandemic ░░░░░░░░ owners in particular so ░░░░░░░░ it comes to jobs ░░░░░░░░ business owners where are ░░░░░░░░ people going and why ░░░░░░░░ same places talking about ░░░░░░░░ cost of living if ░░░░░░░░ look at the business ░░░░░░░░ and at lower cost ░░░░░░░░ living they are similar ░░░░░░░░ terms of the nightlife ░░░░░░░░ to ski country Salt ░░░░░░░░ City has 4 lower ░░░░░░░░ of doing this in ░░░░░░░░ What happens Companies looking ░░░░░░░░ relocate in places it ░░░░░░░░ cheaper to do business ░░░░░░░░ job havens out there ░░░░░░░░ the places that are ░░░░░░░░ cost of doing business ░░░░░░░░ you have the perfect ░░░░░░░░ in a good way ░░░░░░░░ cost of living or ░░░░░░░░ business you have lower ░░░░░░░░ growth and that is ░░░░░░░░ you see in Texas ░░░░░░░░ Florida now Jedediah In ░░░░░░░░ like New York that ░░░░░░░░ so badly in terms ░░░░░░░░ industry does it go ░░░░░░░░ Back to the way ░░░░░░░░ was before cities open ░░░░░░░░ are you going to ░░░░░░░░ an influx of people ░░░░░░░░ San Francisco or New ░░░░░░░░ what do you think ░░░░░░░░ that If you look ░░░░░░░░ the vacancy rate in ░░░░░░░░ York it is abysmal ░░░░░░░░ ago The prospect of ░░░░░░░░ opening back up you ░░░░░░░░ t count them out ░░░░░░░░ year group of kids ░░░░░░░░ from college and tend ░░░░░░░░ want to live in ░░░░░░░░ so every year you ░░░░░░░░ a new class of ░░░░░░░░ in the workforce that ░░░░░░░░ cities back That is ░░░░░░░░ tough equation they graduate ░░░░░░░░ college for head went ░░░░░░░░ cities They tend to ░░░░░░░░ fairly resilient and bounce ░░░░░░░░ Jedediah Not to put ░░░░░░░░ on the spot but ░░░░░░░░ there any city in ░░░░░░░░ United States that people ░░░░░░░░ not thinking about in ░░░░░░░░ of a place to ░░░░░░░░ and start their business ░░░░░░░░ is thriving or welcoming ░░░░░░░░ those industries We don ░░░░░░░░ think of two places ░░░░░░░░ this way One is ░░░░░░░░ in different types of ░░░░░░░░ The other thing is ░░░░░░░░ Tampa has a booming ░░░░░░░░ the diversity of employment ░░░░░░░░ the key Those are ░░░░░░░░ places when you talk ░░░░░░░░ Florida generally perhaps we ░░░░░░░░ not as specific I ░░░░░░░░ at Orlando and Tampa ░░░░░░░░ Thank you for being ░░░░░░░░ us today We appreciate ░░░░░░░░ and we will