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User Info	Florida Gov't Won't Accept Loss!!!; entered at 2007-12-02 01:13:20
Omm Posts: 1635 Registered: 2007-08-29 NC	I'd like to point out a few things about Florida - we lived in Sarasota for fifteen years. 1. Florida does NOT have a state income tax. 2. If you declare Chapter 13 bankruptcy in Florida, your primary residence CANNOT be foreclosed on. This is unique to Florida. 1 and 2 are in the State Constitution. This will NEVER get changed by a popular vote. 3. A good percentage of the homes have out-of-state owners, most of whom do not vote. These are your "snowbirds" who live there from October to May. But they do pay property taxes. These people are forever fighting with the locals over taxes. 4. The rest of the folks who live there year around are only too happy to pass a property tax increase, because the brunt will be borne by the more expensive homes owned by the out-of-staters. The locals get a 25K homestead exemption (statewide). 5. If the rest of the school boards in Florida are like the Sarasota County School Board, they are comprised of extremely parochial, head-in-the-sand, stupid people. Eg, my brother-in-law has never been north of Fruitville Road in his 52 years. He could care less. Everyone in an official capacity handles complaints in the following manner: "You don't like it? There's I-75." 6. The people who work for Sarasota County, Sarasota School District, Sarasota Memorial Hospital, and the police/fire departments are VERY well paid. This is your middle class in Sarasota County. The rest of the guys were like me, running around chasing twenty dollar bills from the retireds, whose spouses hauled in the big bucks working for one of the above. So Sarasota County is made up of your wealthy retireds living in the deed- restricted, walled developments, county workers, and self-employeds. Naples, Ft Myers, Orlando, Tallahassee, Jax, Daytona, same thing. I don't know the Miami Ft Lauderdale area. The above observation by one of the posters about Lennar across I-75 - this is Lakewood Ranch he's talking about, a 250-500K cookie cutter home development. This is the old SarasotaManateeRanch, they started developing it around '93,94. Lakewood right now - no action. A prudent investor would be careful about extrapolating nationwide numbers based on Florida financial developments. Mike 2007-12-02 01:13:20