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Old 10-19-2007, 08:40 AM
 
Location: Heartland Florida
9,324 posts, read 26,754,889 times
Reputation: 5038

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Why on earth would Europeans buy property in Florida, just to lose 2% of any "appreciation" in property taxes? Once the US economy tanks, it will drag the rest of the world with it. Palm City seems like more of the boondocks than a "cosmopolitan" city. There is no way that any property can appreciate at a rate above taxes and insurance for a long time. Real estate is now a money pit.

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