Quote:
Originally posted by Sharpie@Sep 18 2004, 09:32 AM
Sounds good Serge..... a lot of the older substandard housing will be brought up to code. But, you know the insurance companies will be passing all this on.
For the Real Estate Industry it is going to be awhile coming. The storms may dampen the zeal for purchasing Florida property for awhile. Prices are supply and demand. I look for Florida to become a buyers market for awhile.
The money I am going to save in personal state taxes by becoming a Florida resident - is already out the window in two ways. My property taxes have doubled & I look for insurance to double (if you can get it at all without going into the pool) So, it looks like the taxes and ins. is going to be as much as most people house payments.
It is going to take a lot of sunshine for people to forget the storms, and want to move to Florida - and then after they get here, get hit with the double whammy of high real estate taxes & insurance.
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RE taxes double????
Fay, Florida has so called "Homestead Exemption" law, which PROHIBITS raising taxes on your PRIME RESIDENCE more than 2% a year!!!!
I still pay about the same taxes I paid when I bought the house back in 99
;-)))