This Is A Big One

No, I am not exaggerating.

The Associated Builders & Contractors in Florida have backed Democrat Alex Sink for Florida CFO.

This is large in many ways. First, let me get this out of the way. Georgians, you think you know something about growth? In an one onomatopeia word, heh.

Over the past ten years, Florida has exhibited almost brain blasting growth. In a state where there is no income tax, property tax rules. And property values and the taxes with them have been soaring. It's gotten so bad there are now stories in south Georgia about people from Florida moving north to get away from the insane valuations.

Now here's the bad news. Florida has grown fat off development and that time may be over. The real estate market has grown soft and there are whispers in the RE/Max offices of the bubble bursting.

There's a lot to riff on here but the fact is Florida depends on development. And Florida moves with all that is good and all that is bad with rampant development. That means an endorsement from a huge construction lobby merits notice. A lot of notice.

Ms. Sink you have the endorsement. It may carry you to Tallahassee. If you get there, remember Damocles.