This is proof that sprawl does not pay because Homestead is ground zero for sprawl in Miami Dade County...and it looks like maybe the entire country!!
Thursday, October 27, 2011
Homestead is Number 1 in United States for Home Value Loss. By Geniusofdespair
Homestead is number one for something: It has the "worst decline in home values in the U.S." according to Bloomberg Businessweek. Zillow did a survey for Businessweek of the 1,000 largest cities nationwide and Homestead was the clear winner.
This is proof that sprawl does not pay because Homestead is ground zero for sprawl in Miami Dade County...and it looks like maybe the entire country!!
This is proof that sprawl does not pay because Homestead is ground zero for sprawl in Miami Dade County...and it looks like maybe the entire country!!
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11 comments:
Let's not forget that the characters who drove Homestead into the ground: Bill Losner, Eppling, Alex Penelas, Steve Shiver and the Farm Bureau bigwigs have never been called to account for the disaster. Much less the US Century Bank cabal. Homestead is the nation's worst housing disaster because of what they promoted and what they did. Is it possible that any of them feel remorse?
They recently named a mudpit Park after Mayor Roscoe Warren, his council's inability to say no while approving high density has led to this distinguished award for Homestead.
Just for good measure he endorsed Steve Bateman.
Let us not forget Lynda Bell's reign of terror.
Yes a building moratorium by Bell contributed to no more building. Good point, try again after you have your second cup of coffee, maybe then you will be lucid.
PARTIAL Moratorium:
Friday, December 14 2007 @ 07:39 AM Central Standard Time
Homestead has now implemented a building moratorium, effectively halting the development of condominiums and town houses on the east side of the city for at least a year.
The Homestead City Council voted unanimously Tuesday night to halt the development of higher-density projects that have overtaken vast swaths of land on the city's east side.
Commercial development and residential construction on the city's west side will not be impacted by the moratorium. Single family and cluster-style homes will also be allowed to be built on the east side of the city during this time.
But three projects already in the pipeline will be continued, and they are:
• Portobello Estates, a proposed 92-unit town house project on 9.2 acres;
• Portofino Parc, a 136-unit town house project on 13.6 acres; and
• Mercedes Homes, a mega project consisting of 74 single-family homes; 180 town houses and 240 multifamily homes on 80 acres.
The projects have gone through various stages of the approval process, but fell short of receiving City Council approval. City Attorney James White said Homestead's new law is restrictive in that it does not only take density into account.
good time to buy
I don't rely on chemicals for my stimulus...I get quite a natural boost from reading about Miss Lynda's misadventures.
I would rather have Homestead tax than Weston's. And lower insurance and wind storm coverage. Same houses. Much less commute time to work in Miami!
Wonder if Losner believes in karma.
The problem is that growth was not planned. Who in the world would build all these homes, and communities with NO buyers in sight? Krome gold was what you called it. Even if the homeowners could have held on, the massive numbers of newly constructed units which have been vacant so long, would pull them underwater. So it is not surprising, that Homestead is number 1.
Here is how you restore and stabilize home values in Homestead:
keep building, that is what the Mayor and Council seem to think, build baby, build.
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