Word: floridas
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...other day," Wagoner says, "I had a visit from a corporate executive who moved to town and bought a house." Which should be fine; a big wheel need not fear a big mortgage. But this guy's one strike was moving from Florida, where the real estate market is so screwed up that judges in one county are hearing nearly 1,000 foreclosure cases a day. Mr. Exec was stuck with his old house too, and that one was dragging him down, down - until there was nothing left to do but pay a visit to the bankruptcy attorney. " I would...
Very few people who make a lot of money actually leave public life and work because of tax burdens. They either live with the increased taxes or find creative ways around paying them. A small percentage of the very very rich may move their money to tiny islands between Florida and South America. The local Parliaments and dictators welcome them. (Read "How To Know When The Economy is Turning...
...disappointed to move on, but we’re going to move on with optimism.” Tompkins also said that he is still looking to open a “Life is Good” store at a different location and has considered Cape Cod and even Florida. David M. Orazine, who has worked at Everything’s Jake since July of last year, also attributed the store’s waning sales to the recession. “People just aren’t buying and consumer confidence is down, although you don?...
...even if the stimulus gets states like Florida off the affordable-housing hook in the short run, will it do enough to make low-income shelter a national priority again in the long run? To critics, the Florida legislature's decision reflects not just fiscal necessity but a cultural bias against affordable housing that has grown since the Reagan era and got outright absurd in recent years. At the turn of the century, Florida was averaging about 10,000 new affordable-housing units per year; today it's about half that. Some Florida towns have even enacted minimum square-footage...
...homeownership rate from 60% to more than 67%, but the bust is bringing it right back down again - probably to less than 60% by the end of the year. As a result, demand for affordable rental units (meaning less than $1,000 a month for two bedrooms in South Florida) is bound to rise. And no amount of empty five-bedroom, three-bath dream houses is going to satisfy...