How does special interest hurt real estate? Here is but one example. NEW CONSTRUCTION! Why has Congress not put a moratorium on speculative building? Why are new homes being built, “spec houses” as they are called in the realty world. Why are new homes being added to the stockpile of available inventory when new construction sales are the worst since 1991? Clearly, it would help if builders were slowing down. This would allow some of this inventory to dissipate and allow the market to stabilize!
Who are major contributors to political campaigns? Builders and developers! If they (political ones) did what was right, they lose re-election funds for the next election. They say “Catch 22″ and I say, “What a mess”. For once, Politicians need to do the right thing! The new sales tax (.01) to replace public school funds (replaces that part of the property tax bill) makes sense and is a fast track to stabilizing the Florida realty market. It needed to be on the ballot. Florida State Politicians almost got it wrong again! It passed (to get on the ballot in November) by ONE VOTE! The economy is walking a fine line! How about raising cigarette tax by .50 per pack? Beer sales by .25 per bottle ($1.25 per six pack). Those taters will still buy beer and cigarettes. Why not? Who do you think are HUGE political contributors to the Politicians of Florida are? Now you are starting to get the picture!
Filed under: Housing, Property Taxes, Real Estate, Realtor, Tampa, Tampa Bay, Vince Arcuri | Tagged: era, florida, Housing, political, politicians, property tax, Real Estate, sales tax, special interest, Tampa, Tampa Bay, tax, Vince Arcuri, vincent arcuri
