So many Floridians are complaining about the increased costs of insurance premiums on Real Estate and to add insult to injury the taxes have also increased as well. It is especially tough on new residents and one man we interviewed stated; "If you ever wanted to move to Florida, think again, warn your friends!"
Wow, that is a heavy statement, although you can imagine the frustration for someone with a fixed income who has moved to Florida and then makes it through a couple of Hurricanes and just cannot afford the real estate insurance any longer. Certainly the homeowners insurance costs are up that makes sense after 2005 Atlantic Tropical Hurricane Season.
Florida's Real Estate has been blasting up for a long time and that has cost of living affects too, although many people made a lot of money on paper. Florida also has a favorable business climate, good market and apparently good laws for those who file for bankruptcy. It beats NYC for many folks and there are good reasons to be positive on Florida too, for instance this excellent weather in the Winter Months?
Apparently, others are echoing this gentleman's sentiments and telling stories of their own dilemma. Is anyone listening? Well, the Online Think Tank has been watching these issues and would be interested actually learning more. In fact as the coordinator and after having done much business in Florida, I too am concerned.
It has been an excellent market, although I must say labor is very tough and a continuous hardship. One can completely understand fixed income folks are in dire straights when costs such as you mentioned rise too fast and that is upsetting indeed. I certainly hope this article is of interest and that is has propelled thought. The goal is simple; to help you in your quest to be the best in 2007. I thank you for reading my many articles on diverse subjects, which interest you.