Stephen A. Smith

Also we're dealing in a state here where despite growth being like our sole industry and whether that's tourism, whether that's real estate, we have a legislature and a governor, Ron DeSantis, who have been, as you guys put it, augmenting federal immigration efforts with one of the toughest state crackdowns in the nation. Just this past week,

Also we're dealing in a state here where despite growth being like our sole industry and whether that's tourism, whether that's real estate, we have a legislature and a governor, Ron DeSantis, who have been, as you guys put it, augmenting federal immigration efforts with one of the toughest state crackdowns in the nation. Just this past week,

Taskforces consisting of federal, local and state law enforcement have arrested over 1,100 suspected quote-unquote criminal immigrants. So you have a generally unwelcoming kind of atmosphere in a state where we rely almost solely on that outside income. So how is that contributing to the fear factor here?

Taskforces consisting of federal, local and state law enforcement have arrested over 1,100 suspected quote-unquote criminal immigrants. So you have a generally unwelcoming kind of atmosphere in a state where we rely almost solely on that outside income. So how is that contributing to the fear factor here?

Taskforces consisting of federal, local and state law enforcement have arrested over 1,100 suspected quote-unquote criminal immigrants. So you have a generally unwelcoming kind of atmosphere in a state where we rely almost solely on that outside income. So how is that contributing to the fear factor here?

We're here in downtown Miami, right near the Brickell neighborhood. And anecdotally, what's happening right outside of our window, according to your article in Bloomberg.com. One Miami real estate agent told you that in recent months, two thirds of his clients in the high rise luxury market in the Brickell district have scrapped plans to buy. Two thirds.

We're here in downtown Miami, right near the Brickell neighborhood. And anecdotally, what's happening right outside of our window, according to your article in Bloomberg.com. One Miami real estate agent told you that in recent months, two thirds of his clients in the high rise luxury market in the Brickell district have scrapped plans to buy. Two thirds.

We're here in downtown Miami, right near the Brickell neighborhood. And anecdotally, what's happening right outside of our window, according to your article in Bloomberg.com. One Miami real estate agent told you that in recent months, two thirds of his clients in the high rise luxury market in the Brickell district have scrapped plans to buy. Two thirds.

Another said that demand isn't only down substantially among visa holders, but supply is also growing because some owners who don't have permanent residency are, as you said earlier, looking to sell their homes here and then buy in Europe or Latin America instead. Are we headed for a total... Now, by the way, one would argue in this... Miami has always subsisted on these boom and bust cycles.

Another said that demand isn't only down substantially among visa holders, but supply is also growing because some owners who don't have permanent residency are, as you said earlier, looking to sell their homes here and then buy in Europe or Latin America instead. Are we headed for a total... Now, by the way, one would argue in this... Miami has always subsisted on these boom and bust cycles.

Another said that demand isn't only down substantially among visa holders, but supply is also growing because some owners who don't have permanent residency are, as you said earlier, looking to sell their homes here and then buy in Europe or Latin America instead. Are we headed for a total... Now, by the way, one would argue in this... Miami has always subsisted on these boom and bust cycles.

And it seems that the pandemic boom almost artificially kind of extended this last boom. So you can argue that we're overdue for a correction, as the kids say. But does it seem imminent?

And it seems that the pandemic boom almost artificially kind of extended this last boom. So you can argue that we're overdue for a correction, as the kids say. But does it seem imminent?

And it seems that the pandemic boom almost artificially kind of extended this last boom. So you can argue that we're overdue for a correction, as the kids say. But does it seem imminent?

Jetzt, dass mit den Trends, wie sie gehen und der Exacerbation der Immigranten-Krackdown in einer Gemeinschaft von Immigranten, in einer Stadt und Staat, die sich auf dieses Außeneinkommen und Tourismus basiert, ist dieser Verlust unvergesslich? Und was scheint es nationwide zu zeigen?

Jetzt, dass mit den Trends, wie sie gehen und der Exacerbation der Immigranten-Krackdown in einer Gemeinschaft von Immigranten, in einer Stadt und Staat, die sich auf dieses Außeneinkommen und Tourismus basiert, ist dieser Verlust unvergesslich? Und was scheint es nationwide zu zeigen?

Jetzt, dass mit den Trends, wie sie gehen und der Exacerbation der Immigranten-Krackdown in einer Gemeinschaft von Immigranten, in einer Stadt und Staat, die sich auf dieses Außeneinkommen und Tourismus basiert, ist dieser Verlust unvergesslich? Und was scheint es nationwide zu zeigen?

Michael Smith, read him at Bloomberg.com. This is going to be one to follow, because obviously you're going to follow it right down. We will spiral with you, Michael, and continue to follow this and check in with you. Thanks so much for joining us.

Michael Smith, read him at Bloomberg.com. This is going to be one to follow, because obviously you're going to follow it right down. We will spiral with you, Michael, and continue to follow this and check in with you. Thanks so much for joining us.

Michael Smith, read him at Bloomberg.com. This is going to be one to follow, because obviously you're going to follow it right down. We will spiral with you, Michael, and continue to follow this and check in with you. Thanks so much for joining us.