On Wed, 01 Mar 2006 08:43:16 -0500, DSK wrote:

wrote
.... When your farm is making less and less profit and some
developer comes along and offers you a bushel of money for it, you take it
and to hell with the farm.

Yep. Why wouldn't they?


....The economy in MI is at an alltime low and people are
leaving the state in droves because of the job market not being able to
support the population. We are in a fortunate position where we do not
have to make a low sale on our house just to get out from under it, but
many in the state will be taking big losses, especially those who bought
the over-inflated pricey real estate in the first place. The whole thing
is a sad situation...onl;y people who benefit are the devlopers and the
realtoes....



Happened to me in Oklahoma when crude and NG prices tanked in the mid
eighties. I was fortunate to more or less break even selling my house
that I had bought brand new and lived in for eight years. Many of my
friends, neighbors and people I had worked with were carrying money to
the closings to get out from under.

My Mother in law has waterfront in Florida. Value has doubled each of
the last two years. And it is real because the house is not for sale
but she has people knocking on the door making offers. It is not a
good thing unless you are flipping real estate. If you just want to
live there eventually the taxes and insurance will drive you out. I
feel sorry for people who retired on a fixed income and their dream
was to live near the water in Florida. Even though Florida limits
the amount of tax increase per year for a homstead, I expect it will
eventually drive them out.

Frank

"Frank Boettcher" wrote in message
...

My Mother in law has waterfront in Florida. Value has doubled each of
the last two years. And it is real because the house is not for sale
but she has people knocking on the door making offers. It is not a
good thing unless you are flipping real estate. If you just want to
live there eventually the taxes and insurance will drive you out.

I thought Florida had passed a law similar to California's Prop 51, which
freezes property taxes at the buy-in level. Not true?

I
feel sorry for people who retired on a fixed income and their dream
was to live near the water in Florida. Even though Florida limits
the amount of tax increase per year for a homstead, I expect it will
eventually drive them out.

Guess I should have read on--so FL *can* raise property taxes, but at a
fixed rate for homesteads. Hmmm. Not good for those on fixed incomes.
Then again the real estate moguls control that state, lock, stock, and
barrel, and increasing property taxes may be their way of forcing folks out
of their homes, which puts them on the market for them to sell profitably.
No one ever accused FL of being altruistic w/r/t real estate. One has only
to look at all the coastal wetlands that got backfilled between the 60s and
the present, all in the name of creating canals for more "waterfront"
property.

Max

I think you're talking about Prop 13.

--
"j" ganz @@
www.sailnow.com

"Maxprop" wrote in message
nk.net...

"Frank Boettcher" wrote in message
...

My Mother in law has waterfront in Florida. Value has doubled each of
the last two years. And it is real because the house is not for sale
but she has people knocking on the door making offers. It is not a
good thing unless you are flipping real estate. If you just want to
live there eventually the taxes and insurance will drive you out.

I thought Florida had passed a law similar to California's Prop 51, which
freezes property taxes at the buy-in level. Not true?

I
feel sorry for people who retired on a fixed income and their dream
was to live near the water in Florida. Even though Florida limits
the amount of tax increase per year for a homstead, I expect it will
eventually drive them out.

Guess I should have read on--so FL *can* raise property taxes, but at a
fixed rate for homesteads. Hmmm. Not good for those on fixed incomes.
Then again the real estate moguls control that state, lock, stock, and
barrel, and increasing property taxes may be their way of forcing folks
out of their homes, which puts them on the market for them to sell
profitably. No one ever accused FL of being altruistic w/r/t real estate.
One has only to look at all the coastal wetlands that got backfilled
between the 60s and the present, all in the name of creating canals for
more "waterfront" property.

Max

Capt. JG wrote:
I think you're talking about Prop 13.



He's got it confused with Area 51

DSK

"DSK" wrote in message
news
Capt. JG wrote:
I think you're talking about Prop 13.



He's got it confused with Area 51

I've been afflicted with avian flu H5N1.

Max

Don't joke. I'm just getting over the Feel-like-bird-crap flu.

--
"j" ganz @@
www.sailnow.com

"Maxprop" wrote in message
ink.net...

"DSK" wrote in message
news
Capt. JG wrote:
I think you're talking about Prop 13.



He's got it confused with Area 51

I've been afflicted with avian flu H5N1.

Max

Maxprop wrote:
"DSK" wrote in message
news
Capt. JG wrote:

I think you're talking about Prop 13.



He's got it confused with Area 51


I've been afflicted with avian flu H5N1.

Max


I always knew you were bird-brained ; P

"katy" wrote in message
...
Maxprop wrote:
"DSK" wrote in message
news
Capt. JG wrote:

I think you're talking about Prop 13.



He's got it confused with Area 51


I've been afflicted with avian flu H5N1.

Max
I always knew you were bird-brained ; P

Kiss my tail feathers. g

Max

I left my aluminun foil hat in the car...

--
"j" ganz @@
www.sailnow.com

"DSK" wrote in message
news
Capt. JG wrote:
I think you're talking about Prop 13.



He's got it confused with Area 51

DSK

"Capt. JG" wrote in message
...
I think you're talking about Prop 13.

Yup, thanks.

Max