Time For Property Taxes in Florida to Re-Boot

The Florida realty market is showing very strong signs of recovery. The last quarter of 2009 was very brisk, the first quarter of 2010 was very brisk. Two strong quarters or six straight months equals a recovering market. With the first time home buyers tax credit set to expire soon, why can’t the local and state governments do something very smart to get the market booming again.

Why not raise the sales tax in Florida 2% and eliminate property taxes altogether? This will stimulate the realty market, creating huge sums of revenue for Florida from the Doc Stamps on the Deed tax at every closing (Florida charges .70 for every $100 of the sale price to Sellers at closing). The sales tax increase will also make all the tourist pay their share for road wear and tear and it would lower the monthly payment on houses by as much as 25%, making housing more affordable than ever. It would certainly increase non-Florida resident sales for cash paying investors who will only need to pay insurance on those investments.

This will not happen because this type of legislation makes too much sense and our political leaders are stuck in old ways that will not change.



Real Estate, Politics, and the NFL

Where does all this “change” come from!  Look at the state of our country!  In 2005, the realty market was on fire, gas was $2.00 a gallon and nobody knew a politician named Obama unless you were from Illinois!

Fast forward to 2008, faster than Michelle Obama can do a “daps” with her husband Barack Hussain Obama, the world has changed dramatically! Gas prices are $4.00 a gallon, real estate is down 30% and Obama is the Democratic nominee!

WOW. The world changes pretty fast if you don’t pay attention! Seems like the Tampa Bay Buccaneer’s were just winning the Superbowl! Now, Jon Gruden is fighting for his job! After the 8-8 season on the horizon, he will probably be looking for a job in 2009 (if Joel Glasier ever wakes up). Chris Simms leads another team to the Superbowl and former “wonder boy” of the NFL, Gruden will claim that he discovered him! That Superbowl win in 2003 is getting OLD! The last time the Buc’s won a playoff game was The Superbowl!

Like I said, things change on a dime. Hopefully, in February, the Buc’s are playing in the Superbowl right here in Tampa, gas prices are back to $2.00 a gallon and real estate is cooking again!  The next few years will be very interesting. Real Estate, Politics, and the NFL! I’m ready for 2009!