[markhunt]

If someone purchases a home now, will they be able to file and lock into the 'Save Our Homes' program? Or would they only be eligible for the super exemption if it passes this coming January?

[macguy]

Originally Posted by bale002

That's exactly why I expect further bouts of massive inflation, not in the next few years (this phase of the bubble has to fizzle out further) but in the medium/long-term.

Do you really trust the ruling class of this country, or of any country? Do you trust them to get it back on track with sound economic fundamentals?

There is a significant risk that in a few years out, maybe ten, that $200,000 and $500,000 will be paltry figures like $50,000 and $100,000 are today, and we will be discussing the same issue all over again.

The real reform would be to have both interest rates and government spending rates (federal and local) linked to increases in real productivity from real work across a broad spectrum of domestic economic activity, from shoe manufacturing to new forms of energy and transportation.

Not linked to the mere shuffling of paper representing ownership claims, claims on credit and payments, and so on, based on the accumulation of past wealth and an inflated paper, now also electronic currency, a mere unit of account whose real value we have lost sight of, serving only the few and turning the many back into indentured servants, crushed by massive interest payments supported by low wages. The people before us did not build the country on such miserable principles.

We are talking about the state of Florida. We are also not talking about pie-in-the sky stuff. This will be put in our hands in Jan. It will pass or it won't and as once said:

"The people get the government they deserve".

Another quote I like is:
"Never underestimate the power of stupid people in a large group"

That's the one that scares me the most, politicians have build careers on it.

[pslOldTimer]

Originally Posted by tallrick

This is disturbing, are you saying that a house built in the boondocks of Okeechobee would be worth 600,000? That scares me more than anything else.

Methinks you need to crawl out of your concrete bunker in the Keys and look at the real world. Double wides are selling in Okeechobee for over $200,000, on a canal off the lake.

Besides, I specifically said the house will cost $350K or so to build. It is the 5 acres of land (market value around $250K), improvements to the land (pond, fence, landscaping, etc., my cost about $50K so far), pool (small one, unscreened, about $30K) and barn (32x48 monitor style, build it myself, about $50K) that will up to a market value of about $800K and a taxable value of about $600K.

The house itself is nothing special -- about 3000 sq ft with some custom touches, like a wrap-around porch, that will cost about $120/sq ft to have built. The main floor is about 2100 sf, the loft is about 900 sf, and the roofed porches total about 2200 sf -- if you include the porches, you could actually say the house is about 5200 sf and will average only $70/sf to build.

[tallrick]

Originally Posted by pslOldTimer

Methinks you need to crawl out of your concrete bunker in the Keys and look at the real world. Double wides are selling in Okeechobee for over $200,000, on a canal off the lake.

Besides, I specifically said the house will cost $350K or so to build. It is the 5 acres of land (market value around $250K), improvements to the land (pond, fence, landscaping, etc., my cost about $50K so far), pool (small one, unscreened, about $30K) and barn (32x48 monitor style, build it myself, about $50K) that will up to a market value of about $800K and a taxable value of about $600K.

The house itself is nothing special -- about 3000 sq ft with some custom touches, like a wrap-around porch, that will cost about $120/sq ft to have built. The main floor is about 2100 sf, the loft is about 900 sf, and the roofed porches total about 2200 sf -- if you include the porches, you could actually say the house is about 5200 sf and will average only $70/sf to build.

So I guess that people in Okeechobee are making 150,000 a year! WOW I always remember it as a poor town, with fast food restaurants and a flea market. It goes to show that fools exist all over Florida. The Lake Okeechobee area has always been a lower income part of Florida. This market is driven by bubble money from the coasts and that's it.