it's the mark simone show on the voice of new york seven 10 w o r well steve kuzzo the great new york post

writer columnist uh the best on restaurants on real estate on what's going on in new york

you can get all his columns in the new york post website steve kuzzo how you doing

hey good morning, Mark.

Good.

Thank you.

So everybody, you know, they keep, ah, you got to move to Florida. You got to move to Florida. New York is over. It's finished. It's finished. It's finished. But now I'm hearing there's a Florida bubble that might burst. Real estate-wise, restaurant-wise. What do you think? Yeah, I don't know about that.

You know, real estate is a cyclical business.

People don't know about you know all real real estate is a cyclical

business people don't understand that it is a cyclical business that means it goes up and

that means it goes down and that that's true whether you're talking about office buildings or

apartment buildings or private homes or whatever and uh Floridaida and south florida is no exception to that so

there was probably uh too much condo construction um and a bunch of buildings going up now and in palm

beach county miami dade county um you know the glamor areas of the Southern tip. Excuse me. And so, yeah, so some guys are

hitting the pause button. Some people who moved to Florida have soured on it. Remember the pandemic,

the pandemic warped everything. People were panicking. Remember how everybody was leaving New York

City for the Hamptons or, you know, the mountains? And they all came back, and now you can't find a place to live in the city. It's so busy. So, South Water, going through the same sort of thing, and, you know, it's still a desirable area. I love it. Excuse me, but I'm sorry. I think of a cold here or something. And,

you know, all bubbles burst. The nature of bubbles is that they burst. And it hasn't burst in

South Florida, but it's showing signs of wear and tear. All right. But for all you people out in the

suburbs who say, well, I haven't been in the city in five years. I haven't been in the city since a bit. Will you explain to them? There's construction everywhere. Cranes, high rises going up. The restaurants are packed. The streets are busy. There's gridlock, right? I mean, yeah, but I want to say something about the city. Right now, I believe in the city.

I have a big boost of Manhattan where I live.

Love it all despite the problems.

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