What a dumb idea
All I hear about recently are taxes…taxes…taxes. Everyone is crying that their tax bill is way out of control and we need to do something about it. The something is to reduce taxes so that everyone can continue to eat out 5 nights a week and lease their new luxury cars, and of course, continue to see double digit price increases so that they can refinance their houses every year to continue spending on more things.
There are some totally insane politicians and business people that say eliminate property taxes altogether…DON’T STOP READING JUST YET, YOU MAY LEARN SOMETHING! These egotistical, selfish morons want to increase the sales tax to pay for the loss of property tax revenue. What a great idea, this will mean that Florida will have no affordable housing, make it even harder for a person to live that is making under 50K.
Has anyone looked at our roads lately? They are overcrowded and in need of expansion. Has anyone looked at our schools lately? They are overcrowded and in need of repair and expansion. Has anyone looked at our crime rates lately? They are going up and we need more money for life changing programs. Has anyone asked why our economic development people are not able to lure corporations to South Florida? Our cost of living is higher than most cities and our pay scale is stuck in the 80’s. Has anyone asked why we have a terrible nursing shortage? Our hospitals are trying to keep costs down and they can’t pay enough to lure nurses to South Florida. Has it sunk in yet…WE NEED TO INCREASE OUR TAXES NOT REDUCE THEM!
Another group of neurotic baboons are that moved to South Florida in the last 2-4 years. They sold their houses and made a killing in profit. They moved to South Florida and bought a house or condo and were well aware of the tax rate. One problem, they found out that the person that moved here 10 years earlier is paying less tax and they are crying foul. The only thing foul is there arrogance. They made their money and they knew what they were getting into and they were happy about it. Once they find out that someone else is getting a better deal they want to change everything. Great, reduce their taxes and make them give the people that have lived here a share of the profit they made on their house.
Since I’m on a roll, let me not forget the people who complain that they can’t afford to downsize because of the increased amount of taxes they would have to pay. Let me understand, if someone purchased their house more than 7 years ago for $130K and now it is worth $325K, they want to downsize to a townhouse selling for $270K the issues is that they have to pay approximately $5,400/year in taxes instead of $2,600/year in taxes. How about using a small portion of the $195K they made in profit to pay the additional taxes? They could put $76K in the bank to cover the additional taxes for THIRTY (30) YEARS!!! What is the problem? Oh, I forgot… no one wants to give up any of their well earned, well deserved profits made on their house!
Taxes are going down and no one is going to like it. Here’s why, housing prices are going to fall about 50% from where they are now (we can argue this later). Therefore property taxes will be lower. Our roads will not get fixed, our schools will continue to be over crowed, and the primary reason that people moved to South Florida will be gone…great weather…low cost of living! Don’t fear, they will still be available in Florida; however it will be in other parts of Florida.
This is not a doomsday scenario because once housing in South Florida reaches bottom and the cost of living is right with the world, and businesses pay a livable wage, we will become a thriving metropolitan area with great weather.
I’m don’t want to upset anyone, however the longer it takes for South Floridians perceived reality to become level set with actual reality, the deeper our housing prices will fall and the longer our tough times will last.
