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Fort Myers Essay

Decent Essays
I figured being a furniture salesman would be a smooth, and easy job while I was studying for a degree in intelligence. I learned very quickly, that the area that I am currently in is not so friendly on the furniture market. People use furniture every day; when you wake up in your bed in the morning, sit at a table to have breakfast, or relax on the couch after a long day, it is scattered all over your house. In 2013, the furniture industry sold over $101 billion, making it one of the most popular, and best-selling commodities in the United States (U.S. Furniture Retail, n.d.). The market for this product can be a very interesting, and dependent market, especially in my area, Fort Myers, Florida (Southwest, Florida or SWFL). Supply and demand…show more content…
In 2015, Fort Myers was listed as one of the fastest growing areas for home value in the state of Florida, even beating out the Miami metro area (Merrill, 2015). As the area continues to improve and recover, so will the market for furniture. While supply will remain a constant, demand will rise, which will likely lead to the proper inflation of furniture pricing throughout the area. It may possibly have an even sharper incline than normal inflation, almost “snapping back” to the steady incline that it should have taken in recent years. The only foreseeable factor that could hurt this tremendous and rapid recovery is the value of the Canadian dollar. Canadians, like many Northerners and Midwesterners, make up a large portion of the migrant population of SWFL. With the recent decline in the value of the Canadian dollar, the exchange rate has become terrible for foreigners, making the quest for comfortable retirement living in Florida more difficult and daunting. This has added an extra layer of difficulty and complexity to what would be a very stable and growing market. It is very easy to see why Fort Myers, Florida has an entirely different market whenever it comes to furniture. The supply and demand are very different from other parts of the United States, its equilibrium price is different from that of most areas, and it does not always
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