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Big bill for the JREF :(

On Florida property evaluations: I am under the impression based on anecdotal information that Florida is one of the states where property values have not recovered since the peak of the recession. I've wondered why that is, maybe global warning pictures showing big patches of ocean where Florida is might be a contributing factor? Or maybe a rash of devastating hurricanes?

Property values in Florida historically have a very slow appreciation, and often a a negative appreciation, due to oversupply. People retire to Florida, live there for several years, then die. There is always so much real estate for sale in Florida that prices almost never appreciate significantly. My father-in-law recently moved from a one bedroom condo to a two bedroom unit. He sold the one bedroom unit he had owned for over a decade for approximately what he paid for it.
 
ETA: On Florida property evaluations: I am under the impression based on anecdotal information that Florida is one of the states where property values have not recovered since the peak of the recession. I've wondered why that is, maybe global warning pictures showing big patches of ocean where Florida is might be a contributing factor? Or maybe a rash of devastating hurricanes?

Property values here are up about 55% from the low, still down about 30% from the peak for middle class homes in suburban neighborhoods. Beachfront and beach-adjacent property is in especially short supply, and appreciating quickly. I'm not sure what the situation there is, but I expect it is similar.
 
Property values in Florida historically have a very slow appreciation, and often a a negative appreciation, due to oversupply. People retire to Florida, live there for several years, then die. There is always so much real estate for sale in Florida that prices almost never appreciate significantly. My father-in-law recently moved from a one bedroom condo to a two bedroom unit. He sold the one bedroom unit he had owned for over a decade for approximately what he paid for it.

The exact opposite it true. You've missed what happened in between those years. Prices shot up dramatically and quickly then fell dramatically, with much wider swings than in most of the country. http://www.zillow.com/local-info/#metric=mt=34&dt=1&tp=6&rt=14&r=102001%2C394856&el=0
 
I hope they get billed double. I once owed some taxes and the Govt took ALL my cash on Xmas eve. Screw the tax evaders...


You just haven't done your research. They not only paid their tax bill in full, they paid it early and got a discount. The records are all available online for those that choose not to be ignorant of the facts.
 
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If they still owe money just ask the generous liberals here to donate thier own ....money.......to ......help......

OK, just relized how silly that was. Never mind.
 
If they still owe money just ask the generous liberals here to donate thier own ....money.......to ......help......

OK, just relized how silly that was. Never mind.

JREF does not currently have any outstanding debts on the property. Also there have been requests for money made and several donations have been given to JREF as a result.
 
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