Monday, July 12, 2010

LeBron is going to pay ALOT to rent a U-Haul to Florida---so is everyone else...See how much...

Sometimes it is more instructive to look for indicators of economic health in unusual places but they may yield the best, or at least interesting results...U-Haul Rental prices for do-it-yourself movers, for instance.  Below you see the prices to rent a truck to leave Ohio to select destinations in Florida, and vice-versa.  People leaving Ohio pay significantly more to move to Florida than people leaving Florida to go to Ohio. This is a nice example of Supply and Demand and how prices serve to "to clear" the market of surpluses and shortages. (HT: Carpe Diem)

One-way rental rates for a 26-foot U-Haul truck
Miami, FL to Cleveland, OH: $1,000
Cleveland, OH to Miami, FL: $1,457
Premium to leave Ohio: 45.7%

Orlando, FL to Cleveland, OH: $834
Cleveland, OH to Orlando, FL: $1,301
Premium to leave Ohio: 56%

Tampa, FL to Cleveland, OH: $917
Cleveland, OH to Tampa, FL: $,1379
Premium to leave Ohio: 50.4%

 
Linked from Carpe Diem
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